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What is Cryptocurrency?

A cryptocurrency is a form of currency that you can not cash out from the ATM and hold in your hand. It only exists in digital form. 

It is a fast-growing alternative to the paper money that is issued and controlled by governments (FIAT money). 

 

You can use cryptocurrency the same way. Spend crypto by making purchases. Transfer it to another person. Exchange it for FIAT money. Use it for trading.

 

Your cryptocurrency will be securely held in your digital wallet. You can access and use this wallet from your mobile device or computer. 

It is like your bank application that was likely installed on your smartphone.  You already use it to pay your bills, make transfers or pay groceries. 

 

Cryptocurrencies, tokens, and coins are issued on the blockchain networks. It is a digital database that holds records of all financial transactions. 

 

Like a bookkeeping journal that can be used and shared within a large publicly accessible network at the same time.

 

These blockchain networks are decentralised and use cryptography to secure transactions. The Blockchain network verifies all transactions. If one person attempts to make a fraudulent transaction, the network will identify it. And this transaction will not be processed. It provides durable security.

 

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Legal: ‘incryptus.org’ is a domain owned and operated by ‘LM Incryptus Exchange, UAB’, a company incorporated under the laws of Lithuania, with company registration number 306021634, and registered office at Girulių g. 20, LT-12123 Vilnius, Lithuania. In accordance with the Lithuanian Law on the Prevention of Money Laundering and Financing of Terrorism, ‘LM Incryptus Exchange, UAB’ is registered with the Lithuanian Register of Legal Entities and the Lithuanian Financial Crime Investigation Service as a ‘Virtual Currency Exchange Operator’ and ‘Depository Virtual Currency Wallet Operator’, under registration number 306021634. VAT number – LT100015512717

Disclaimer: Any opinion, news, research, analyses, price, or other information contained on this website is provided solely for informational purposes and does not constitute an offer or solicitation to buy, sell or exchange any financial instrument or asset, and no investment or trading advice or strategy is made, given, or in any manner endorsed on this website. While we endeavor to keep the information on this website up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to this website or the information, products, services, or related graphics contained on this website, for any purpose. Any reliance you place on such information is, therefore, strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Every effort is made to keep this website up and running smoothly. ‘LM Incryptus Exchange, UAB’ holds regular security reviews to ensure that this website remains safe and secure for your protection. However, as the Internet uses an open system, ‘LM Incryptus Exchange, UAB’ cannot warrant that this website and any downloads reach you virus-free and ‘LM Incryptus Exchange, UAB’ will not be liable for any unauthorized use, distribution or destruction of your personal information because of your access or use of this website through the Internet. Access to this website is only permitted on a temporary basis, and ‘LM Incryptus Exchange, UAB’ reserves the right to withdraw or amend the services and/or products provided on this website without prior notice. ‘LM Incryptus Exchange, UAB’ takes no responsibility for, and will not be liable if, for any reason, this website is unavailable at any time or for any period. Through this website, you may be able to link to other websites, which are not under the control of ‘LM Incryptus Exchange, UAB’. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Please carefully read our ‘Website Terms and Conditions of Access and Use’.

Risk Disclosure Statement: Investing and/or trading in crypto assets carries a high level of risk, and may not be suitable for all investors. Before deciding to invest and/or trade in crypto assets, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment, and you should, therefore, not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. Furthermore, since Crypto markets are decentralized and non-regulated, except for our obligations under the Lithuanian Law on the Prevention of Money Laundering and Financing of Terrorism, our services are unregulated services, which are not governed by any specific European regulatory framework (including MIFID). This means that there is no central bank that can take corrective measures to protect the value of crypto assets in a crisis or issue more currency. Therefore, when you use our services, you will not benefit from the protections available to clients receiving regulated investment services, such as access to the Lithuanian deposit guarantee and investor compensation schemes and the dispute resolution services offered by the Central Bank of Lithuania. Our customers will, however, benefit from the rules relating to best execution and client money and safekeeping of client assets. Please carefully read our ‘Risk Disclosure Notice’.

IB Partners: ‘LM Incryptus Exchange, UAB” works with partners who desire to introduce us new members for the community. They can become later traders, IB partners themselves or just use our services. On this IB affiliate program, the partner can receive commissions depending on the activity, trading volume and other parameters of the customer they introduce to the company. The current IB partners of ‘‘LM Incryptus Exchange, UAB” come from different fields, from the owners of large websites of financial/investments that bring along large numbers of clients to single individuals that introduces just a few. Every number counts. All are joining us as part of their business portfolios. If the users decide to join the “LM Incryptus Exchange, UAB” as a member/user, will find in the personal Backoffice the section “IB”. After signing up and logging-in the Backoffice they are never/not obliged to become active IB.  The option is freely available to promote your own Referral Link to attract new members. Please carefully study and read the necessary documents, rules of engagement etc. in the Backend if interested in joining our program and become an active IB.

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