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Risk Warning - Notice to UK Users  

Estimated reading time: 2 mins

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1.You could lose all the money you invest

The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

The crypto asset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.

2.You should not expect to be protected if something goes wrong

The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.

The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here.

3.You may not be able to sell your investment when you want to

There is no guarantee that investments in crypto assets can be easily sold at any given time. The ability to sell a crypto asset depends on various factors, including the supply and demand in the market at that time.

Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your crypto assets at the time you want.

4.Cryptoasset investments can be complex

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment.

You should do your own research before investing. If something sounds too good to be true, itprobably is.

5.Don’t put all your eggs in one basket

Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.

A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here.

For further information about cryptoassets, visit the FCA’s website here.

‍What is Etherscan and what does it do ?

Discover the ultimate tool for exploring the Ethereum blockchain! Learn about Etherscan's features and how it can benefit you.

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Etherscan is a free and widely used blockchain explorer that allows anyone to see any transactions made on the Ethereum platform. Not just transactions, blocks, gas fees, wallet addresses, smart contracts, and other on-chain data can be found on the page. Learn more about what Etherscan is and how it works below.

What is Etherscan?

As mentioned above, Etherscan is an Ethereum-based blockchain explorer. Aside from offering a peek into the advantages of blockchain technologies, Etherscan also provides an insightful look at the status of transactions, gas fees, smart contracts and dapp content. Etherscan is the tool that leverages blockchain's transparent nature.

Acting as a search engine and source of blockchain information, one doesn't need an account to access anything. However, users can create an account in order to access extra functionalities associated with their Ethereum portfolio, such as developer tools, enabling notifications for incoming transactions, and creating data feeds. Whether you're investing in a dapp, monitoring a wallet, or depositing funds to a blockchain-based game, all activity can be tracked through this browser-based service.

Why is Etherscan popular?

Etherscan is the most widely used Ethereum blockchain explorer and is highly regarded in the industry due to its seamless experience. While it won't allow you to store or trade ETH, it offers a reliable look into the functioning of the network, blockchain analytics and all Ethereum and Ethereum-based token activity.

Using Etherscan also provides a better understanding of how the blockchain works, providing insights into its operations and potential ability to spot suspicious blockchain activity (like project leaders selling their tokens, or large whale movements that will affect the token's price). 

How to use Etherscan

Whether you're wanting to look up a transaction or verify the validity of a smart contract, you can use Etherscan. Below we will guide you through how to look up a transaction.

How To Find A Transaction On Etherscan

Understanding how to track your transactions can be a powerful tool in the world of cryptocurrency, from seeing how many confirmations it has gone through to the amount of gas fees paid. 

Each transaction on the blockchain is given a transaction ID (TXID) or transaction hash which identifies the specific transaction (similar to a person's identity number). It looks something like this: 


In order to get the real-time updates on a transaction, you will need to enter this TXID into the space provided on the Etherscan website. 

It will then display all the information pertaining to this transaction, as below:

See our breakdown of the terminology below.


Etherscan terminology

Transaction Hash: the TXID associated with your particular transaction.

Status: status of your transaction (in progress, failed, successful) 

Block: the number of the block that your transaction was included in (block confirmations indicate the number of blocks that have followed since then). 

Timestamp: the date and time that this transaction was executed.

From: the wallet address that the transaction was sent from

To: the wallet address or smart contract receiving the transaction.

Value: the value of the transaction.

Transaction Fee: the gas fees or transaction fees paid.

Gas Price: the cost per unit of gas at the time of the transaction execution (displayed in Ether and Gwei).


How to Find gas prices on Etherscan

When using the Ethereum network you will be required to pay gas fees in order to conduct any activity. Gas fees are assigned to blocks and fluctuate depending on how busy the network is at the time. 

Etherscan provides a Gas Tracker which observes the current gas prices and indicates how busy the network is at the time. 

In conclusion

Etherscan is a great tool for anyone using Ethereum or any other cryptocurrencies relating to its ecosystem. From confirming transactions to checking gas prices, this tool provides a great oversight of the network, highlighting the transparent benefits of using digital assets.


This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.


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