Should I invest in bitcoin?

Last Updated: Apr 05, 2018 03:27PM PDT

The price of bitcoin and other cryptocurrencies is very volatile. Prices may increase or decrease significantly in very short periods of time. This means that there is a potential for huge losses when buying or selling bitcoin or other cryptocurrencies. You should only invest money that you are willing to lose and should never borrow money to purchase cryptocurrency. Mogo will not provide you with any advice or recommendations for buying or selling cryptocurrency. You should do your own research before buying or selling any cryptocurrency including, but not limited to, consulting with qualified independent financial advisers. 

The cryptocurrencies available through MogoCrypto are not “securities” within the meaning of any securities legislation in Canada and you will not have access to any remedies or protections that would otherwise be available to purchasers of securities. The cryptocurrencies that you may purchase through MogoCrypto are not insured and are not protected by any centralized agency. MogoCrypto is not a cryptocurrency exchange. The Canadian dollars that you may use to fund purchases through MogoCrypto are not insured. MogoMoney cannot be used to buy cryptocurrency.

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