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Risk Disclosure



This Risk Disclosure Statement provides you with information about some of the risks associated with use of the “Exchange” section of the Toonie App that allows the users to purchase cryptocurrencies and Tokens.


The information presented in this Risk Disclosure Statement is not comprehensive and does not reflect all the risks (or other important factors) you should consider before using the Services. You must make your own independent decision to access or use the Services and should seek any advice that you consider necessary (including financial and/or legal advice) from independent advisers.


Toonie does not provide any legal or financial advice.


Cryptocurrencies are not regulated products. Cryptocurrencies bought in the Toonie App are not protected by any Financial Services Compensation Scheme or any bank guarantee.

There are several risks associated with cryptocurrencies, and you should carefully assess whether it is appropriate for you to buy cryptocurrencies. By accessing and using the Crypto Services, you represent and warrant that you have read and understood the risks of cryptocurrencies, these risks may include but are not limited to:

  • Cybersecurity: the nature of the cryptocurrency as a digital product will increase the risk of being subject to digital crime

  • Regulatory landscape: the regulation (or lack of regulation) of cryptocurrency or crypto exchanges can change at any time. Any change is likely to affect the value of any cryptocurrency we hold for you.

Price Volatility: the price of a crypto-asset is based on the perceived value of the crypto-asset and is subject to changes in sentiment, which make these products highly volatile. Certain crypto assets have experienced daily price volatility of more than 20%. Therefore, there is a high volatility risk, and holders may suffer significant losses.


Before you proceed to purchase cryptocurrencies, it is important that you acknowledge and agree to this disclaimer and assume full responsibility.

Third-Party Tokens (Not Cryptocurrencies)


It is important that you understand the relationship between Toonie and the external company issuing the Tokens, but most importantly, how the Tokens work.


Toonie only facilitates the purchase of the Tokens by providing the “Exchange” service. 


The Tokens are subject to the rules and legalities of the external company issuing the tokens.

Please be aware that the token can only be purchased using EUR, and you can only sell it back to EUR in the App.


We highly recommend you read the Whitepapers of the Tokens you want to purchase before proceeding. Please visit the following link:


1. EXAU Gold at

Before you proceed to purchase the Third-party Tokens, it is important that you acknowledge and agree to this disclaimer and assume full responsibility.

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