Risks

Price

• Bitcoin’s price can fall a lot, and fast
• The price floor on each buy limits how far below the market a single buy can fill. It doesn’t protect you from the market falling afterwards.
• Buying on a schedule doesn’t promise a profit

Code

• Not audited yet: contracts can have bugs, and an independent audit is scheduled before launch
• The contracts can’t be upgraded, so a bug fix means a new version that you move to
• Spending caps limit how much any bug could touch, and they start small

Other companies

• SODAX runs the swaps and delivery. While an order is open, your money is in its contract, and its contracts can be upgraded by SODAX.
• Real Bitcoin is held as SODAX’s sodaBTC token in your vault until a batch is sent, at most 31 days
• Bound co-signs the wallet that receives real Bitcoin. It can refuse to co-sign but can’t move your coins alone, and its co-signing on each wallet lasts three months before it must be renewed.
• cbBTC and WBTC are only as good as Coinbase, BitGo and the bridge behind them
• Chainlink supplies the prices. If a feed goes stale, buys pause.
• Wallets that aren’t EVM wallets, such as Solana, depend on SODAX’s relay. If it’s down, your vault waits.

You

• If you lose your wallet, nobody can recover it for you, and that includes us
• A missed buy is skipped and never doubled up later
• Tax and legal rules differ by country, and you’re responsible for yours. This isn’t advice.

See the security page for what we can and can’t do, and the fees for what it costs.