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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, it probably 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.

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The risks associated with different cryptoassets

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Keep in mind that crypto assets are not all the same. Before investing, you should ensure you understand the specific risks tied to each one. Take a moment to review our asset risk summaries for a better understanding of the key risks associated with some of the main categories of cryptoassets available on Tap. Explore our asset risk summaries.

Cookie Policy

1. Introduction
At Tap, we believe in being transparent about how we collect and use data. This Cookie Policy provides information about how and when we use cookies on our website for these purposes.
As part of our commitment to upholding a high standard of transparency with our users, we've created this policy to explain what cookies are, why we use them, and your rights and choices with respect to their use. This Cookie Policy encompasses how we use cookies and similar technologies on our website and other services, allowing you to make an informed decision about your consent.
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2. What are Cookies?
Cookies are minute bits of data transferred to your browser and stored on your computer or mobile device when you visit a website. Cookies play a vital role to provide a more personalised experience by remembering details about your preferences and visit patterns.
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3. Why do we use Cookies?
We use cookies to understand your interactions with our website, improve your browsing experience, determine user traffic patterns and measure site engagement. This helps us to provide you with a better service. However, the cookies we use do not store any personally identifiable information about you nor can they harm your computer.
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4. Types of Cookies We Use
We use four types of cookies, which we describe in this section:
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a. Strictly necessary: These cookies are essential for our website's functionality. Users cannot opt out from these.
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b. Analytical/performance: Cookies that anonymously collect data about visitor interactions, helping us optimise our site. These items help the website operator understand how its website performs, how visitors interact with the site, and whether there may be technical issues. This storage type usually doesn’t collect information that identifies a visitor.

c. Functionality: These remember your preferences; enabling us to personalise our content for you and enhancing your user experience. Such as your user name, language, or the region you are in and provide enhanced, more personal features. For example, a website may provide you with local weather reports or traffic news by storing data about your current location.

d. Targeting or Advertising: These cookies record details about the pages you’ve visited and links clicked on, aiding in providing more relevant adverts. They may also be used to limit the number of times you see an advertisement and measure the effectiveness of advertising campaigns. Advertising networks usually place them with the website operator’s permission.
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5. Control and Delete Cookies
You can accept or refuse cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. If you choose to reject cookies, you may still use our website though your access to some functionality and areas of our website may be restricted.
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6. Third Party Cookies
Please note, some cookies on our site are set by third parties, such as advertising networks. These cookies are outside of our control and you should check these third-party websites for more information about their cookies.
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7. Changes to this Cookie Policy
We may update this Cookie Policy from time to time in order to reflect any changes to our use of cookies and tracking technologies. We will notify you of any changes by posting the new policy on this page.
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8. Contact Us
If you have any questions or concerns about this policy and our use of cookies, you can contact us at compliance@tap.global
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Compliance with GDRP:Tap is fully committed to complying with the General Data Protection Regulation (GDPR) and fully respects the rights of our users with regards to data privacy and protection. We believe that user data should be handled with care and responsibility, and we've designed this policy to meet its standards.
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Understanding your rights, your freedom and compliance with GDPR is essential for building and maintaining trust, and we hope this policy demonstrates our commitment to that principle. We strive to deliver a secure, excellent service to our customers, and understanding these rights is a key part of that goal.