Risk disclosure

Please read this before you deposit anything. Crypto assets are high-risk. You could lose all of the money you put in.

1. Prices can fall fast and far

The value of Bitcoin, Ether, Solana, Polygon and Litecoin can move by more than 10% in a single day and has, in the past, fallen by more than 70% in a year. The amount of a coin needed to pay for something changes every second. A purchase can cost you more coins tomorrow than today.

2. This is not a bank deposit

Crypto balances held with Velorin are not bank deposits. They 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.

3. Stablecoins can lose their peg

A stablecoin aims to hold the value of a currency such as the US dollar or euro, but this depends on its issuer and the assets behind it. Stablecoins have traded below their target, sometimes far below, for hours or days. We do not guarantee the value of any stablecoin.

4. Transfers cannot be reversed

A crypto transfer sent to the wrong address or on the wrong network usually cannot be undone. Check the address and network every time.

5. Spending is selling

Each card payment funded by crypto is a sale of that crypto. In many countries this can create a tax liability. You are responsible for your own tax affairs.

6. Service and network risk

Blockchains can be congested, halted or changed by their developers. Our service, or the card network, can be interrupted. During an interruption you may be unable to pay, convert or withdraw.

7. Rules can change

Laws on crypto assets are changing in many countries. A change could restrict which assets we support, where we operate, or force us to close accounts.

8. No advice

Velorin does not give investment, legal or tax advice, and nothing on this site is a recommendation to buy, hold or sell any asset.