What you should know when using MoonPay and crypto in the UK

Buying and selling crypto in the UK isn't regulated by specific rules. The Financial Conduct Authority (FCA) sees it as a risky investment. There are extra rules for companies like MoonPay. We want to make sure our users know about the risks that come with crypto.

You could lose your entire investment

Crypto values can go up and down fast, so be prepared for that. It's risky, and you might lose money. It's smart not to invest too much – maybe no more than 10% of what you have. The market is not regulated. This means there is a risk of cyber-attacks, fraud, and companies failing. Be cautious!

There’s no protection if something goes wrong

If you have issues with a crypto company in the UK, you can reach out to these groups for help:

• Financial Services Compensation Scheme (FSCS)
• Financial Ombudsman Service (FOS)

However, the regulations in the UK don't recognize investments in crypto assets. There isn't much protection in this case. Besides, you still have to deal with the risks of poor performance investment.

Selling your assets may not be easy

It might not be easy to sell your assets immediately. The supply and demand conditions in the market significantly impact when a transaction occurs. Other than that, things like tech issues or cyber-attacks can cause delays.

📘

Note:

If you want to learn more about investment risk, go to this section on FCA’s website. For more details about crypto assets, go to this section on FCA’s website.