Risk notice

You can lose everything you put in

Cryptocurrency prices can fall sharply, without warning, and there is no floor underneath them. There is no issuer, no central bank, no buyer of last resort, and no deposit-protection scheme. A total loss is possible and it has happened to people.

Some ways of participating make total loss considerably more likely. Leveraged trading — futures, perpetuals, margin — can close your position automatically on a price move far smaller than the ones this market produces routinely, and once it is closed it does not benefit from any recovery. If you do not know precisely how liquidation works, that part of a platform is not for you.

What this site is

Warylens publishes general information for people deciding whether to buy cryptocurrency for the first time. It is journalism, not advice.

Nothing here is investment advice, financial advice, legal advice, or tax advice. We are not authorised or regulated by any financial authority and we do not hold ourselves out as qualified to advise you. Nothing on this site takes account of your circumstances, because we do not know them.

If the amounts involved matter to you, a licensed professional in your own country is cheaper than the alternative.

The specific risks, listed

• Market risk. Prices can fall a long way and stay there for years. Past recoveries do not imply future ones.
• Platform risk. Exchanges have failed, frozen withdrawals, and entered bankruptcies that took years. Customers have received cash valued at the filing date rather than the assets they held.
• No insurance. Deposit-protection and investor-compensation schemes do not cover cryptocurrency held on an exchange. This surprises people, and it has its own page.
• Custody risk. Holding your own keys removes platform risk and introduces permanent, unrecoverable loss if the keys are lost or exposed.
• Fraud risk. Reported losses run into billions annually and the approaches are professional. Being careful helps and does not make anyone immune.
• Regulatory risk. Rules differ by country and change. A platform available to you today may not be tomorrow, and tax obligations may apply to transactions you did not think of as taxable events.
• Liquidity and access risk. Getting money back out involves verification, banking rails and processing times, and there are several points at which it can stall.

About the information here

We check claims against primary sources and record the month we checked. Regulatory positions, fee schedules and platform policies change after publication, and a page that was accurate in August 2026 may not be accurate when you read it. Where a page states a rule, verify it against the primary source before relying on it — we link them for exactly this reason.

We do not publish price targets, forecasts, or figures we cannot source. If you find an error, tell us and it goes on the corrections page.

Commercial interest

One page on this site carries a Binance referral link and we are paid a promotion service fee if someone registers through it. This is disclosed in full on the disclosure page and in the footer of every page. This site is not the official Binance website and is not affiliated with Binance.