risk disclosure 2 this is not a bank deposit

Crypto balances held with Velorin are not bank deposits and are not protected by any deposit guarantee or investor compensation scheme. If Velorin failed, getting your assets back could take a long time and might not be complete [1].

Sources

• [1] Risk disclosure

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Risk disclosure — 3. Stablecoins can lose their peg
• Risk disclosure — 4. Transfers cannot be reversed
• Risk disclosure — 5. Spending is selling

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