Risk Disclaimer

Last updated 12 October 2026

Everything on Kobonaija is for education only. It is not financial, investment, legal or tax advice.

Crypto is high risk

Prices can rise or fall sharply in minutes. You can lose some or all of the money you put in.

Before you buy any crypto

  • Only use money you can afford to lose completely.
  • Many platforms used in Nigeria, including Bybit, are not registered with the Securities and Exchange Commission (SEC) Nigeria. If something goes wrong, you may have limited protection.
  • P2P trading carries extra risks, including fraud and bank account restrictions.
  • Tax rules for crypto in Nigeria are changing. Speak to a qualified tax adviser about your situation.

Accuracy

We check our guides regularly, but apps, fees and rules change. Always confirm details on the platform itself before you act.

Age

This site is for adults aged 18 and over.

By using this site, you accept that you are responsible for your own decisions.