Things you should know and check
You should be aware of the specific risks of crypto-assets and related products and services and carefully weigh up whether the risks are acceptable, given your own objectives and financial situation.
These include the risk that:
- you may lose all the money you invest;
- prices can fall and rise quickly over short periods;
- you may fall victim of scams, fraud, operational errors or cyber attacks; and
- you are unlikely to have any last resort right to protection or compensation if things go wrong.
If you are thinking about buying crypto-assets or related products and services, you should check that:
- you can afford to lose all the money you invest;
- you are ready to take on high risks;
- you understand the features of the crypto-assets and related products and services you are seeking or you have been offered;
- you are able to protect effectively the devices you use for buying, storing or transferring crypto-assets, including your private keys;
- the issuers of the crypto-assets you want to invest in have the right to offer such cryptoassets in the EU;
- the service providers you are dealing with are duly authorised to provide crypto-asset services in the EU.
What is credit card tokenization?
Tokenization is a security measure that replaces your sensitive credit card information with a secure, unique token. This token cannot be used outside our system to access your card details. While tokenization significantly reduces the risk of unauthorized access to your card details, no system can guarantee absolute security. You acknowledge and accept this risk.
By providing your credit card information, you authorize us and our payment service providers to tokenize your card details for transaction processing and storage purposes.
General Safety Tips
To stay safe when using cryptocurrency, follow these guidelines to recognize and avoid scams:
Investment Scams
- Avoid offers that guarantee high returns with minimal risk.
- Be cautious of unregistered or unlicensed companies.
- Watch out for difficulties in withdrawing funds or requests for additional payments.
Imposter Scams
- Lemma-X will never contact you via phone, social media, or messaging apps.
- Do not share personal details or allow remote access to your device.
Hoax Websites
- Look for similar URLs to real companies and verify the website’s legitimacy through design quality and spelling.
- Purchase from official websites and check reviews before buying.
Phishing Attacks
- Use strong 2FA methods and avoid SMS-based authentication when possible.
Technical Support Scams
- Contact support only through official channels and never share personal details.
Extortion Scams
- Do not comply with demands from scammers claiming to have your personal information.
Load-Up Scams
- Avoid sharing account details with anyone offering to “load” your account.
By following these guidelines, you can make informed decisions and reduce the risk of financial loss due to scams.
