Are there risks in using Gulden?

The use of Gulden has a lot of benifits. However, just like many other things there are a few risks in using Gulden.  Below you’ll find a summary of risks.  

  1.  A wrongly made transaction (for example: a transaction to a wrong receiver) cannot be made undone.
  2. If you lose your phone and haven’t saved the backup phrase, you cannot retrieve your Gulden (ergo you have lost your Gulden).
  3. If someone retrieves your personal information by – for example – phising. There is no Money Safe Guarantee from banks, insurance companies or the authorities.
  4. If the exchange rate drops your Gulden net worth drops with it.

    In general we can say: Invest only what you can afford yourself

This post is also available in: Dutch

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