Risk Disclosure

In short

Digital assets are volatile and largely unregulated. You can lose some or all of the money you put in. Nothing Sonwoh publishes is investment advice, and no return is promised or guaranteed.

1. Price volatility

The value of digital assets can move sharply in minutes, in either direction, and those movements are often driven by sentiment, news, exchange outages or large individual trades rather than anything fundamental. An asset can lose a substantial share of its value in a single day, and past performance tells you nothing about what comes next.

2. You can lose your entire investment

There is no floor under the price of a digital asset. Some assets have fallen to effectively zero and never recovered. Only commit funds you can genuinely afford to lose, and do not borrow to trade.

3. Transactions cannot be reversed

Once a trade is confirmed or a transfer is broadcast to a blockchain, it cannot be cancelled, recalled or reversed — by you, by Sonwoh, or by anyone else. If you send funds to the wrong address, or to the right address on the wrong network, those funds are generally unrecoverable. Check every address and network carefully before you confirm.

4. Liquidity and execution

The rate you are quoted is valid only for the short window shown. In volatile or thin markets a quote may expire before you confirm, spreads may widen, and a large order may not fill at the price you expect. At times of extreme market stress it may be difficult to trade an asset at all.

5. Technology and network risk

Blockchain networks can congest, fork, halt, or suffer attacks. Smart contracts can contain flaws. Exchanges and custodians can fail. Any of these can delay a transaction, change its outcome, or cause loss, and most are outside Sonwoh’s control.

6. Security and fraud

Digital assets are a frequent target of fraud. Nobody at Sonwoh will ever ask you for your PIN, your password or a one-time code. Be sceptical of anyone promising guaranteed returns, of investment groups that pressure you to act quickly, and of links sent to you unsolicited. If you lose control of your account credentials you may lose your funds.

7. Regulatory and tax risk

Rules governing digital assets are still developing and can change with little notice. A change in law or regulatory policy could restrict your ability to trade an asset, convert it to naira, or withdraw. You are responsible for determining and meeting any tax obligations that arise from your activity; Sonwoh does not provide tax advice.

8. No deposit protection

Digital asset balances held through Sonwoh are not bank deposits. They are not covered by the Nigeria Deposit Insurance Corporation or by any comparable deposit guarantee or investor compensation scheme.

9. Gift card trading

Gift card rates vary by brand, denomination and receipt status, and can change at short notice. Cards that turn out to be invalid, already redeemed, or obtained unlawfully will be declined, and any payout already made against them may be reversed.

10. Crypto-backed credit

The Sonwoh Credit Card is not yet available. When it launches, borrowing against digital assets will carry its own risks — including that a fall in the value of your collateral could require you to add funds or result in your assets being sold to cover the position. Full terms will be presented before you can apply.

11. This is not advice

Rates, market data, analytics and educational material in the Sonwoh app or on this website are provided for information only. They are not a recommendation to buy or sell anything, and they do not take your circumstances into account. Consider taking independent professional advice before you trade.

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