Risk Disclosure

Last updated: this document is a working draft and must be reviewed by an Australian legal adviser before the platform accepts money.

Capital loss

You can lose the entire amount you invest. Digital assets are not capital protected and there is no guarantee of any return.

Volatility

Prices can move by very large percentages within a single day. Historical price movements do not indicate future movements.

No government protection

Digital assets are not legal tender in Australia, are not government backed, and are not covered by the Financial Claims Scheme or any deposit guarantee.

Liquidity

Liquidity can disappear quickly. You may be unable to sell an asset at the price shown, or at all.

Custody and technology

Digital assets depend on blockchain networks, wallet software and custodians. Network outages, protocol changes, smart-contract defects and custodian failure can each result in loss. Blockchain transfers are generally irreversible.

Stablecoin risk

Stablecoins depend on the issuer and its reserves. A stablecoin can lose its peg and is not equivalent to holding Australian dollars in a bank.

Regulatory risk

The regulatory treatment of digital assets in Australia and overseas is changing. Changes may affect the availability, value or tax treatment of an asset.

Fraud and scams

Digital assets are heavily targeted by scams. Nobody legitimate will guarantee returns, ask for your password or two-factor code, or require remote access to your device.

Tax

Digital-asset transactions generally have Australian tax consequences. Seek independent tax advice; we do not provide it.