Bloxwap is non-custodial: it does not hold your funds or private keys. You control the wallet, and trades settle on Hyperliquid. That arrangement changes who controls your assets, but it cannot eliminate trading, software, network, or wallet risks.
What "non-custodial" means
A custodial exchange holds assets for its customers. Access to those funds depends on the custodian's systems and ability to return them.
Bloxwap works the other way. It's a trading interface, an app that sits on top of an exchange and makes it easy to use, but it never takes your money. Your funds live in your own wallet.
A wallet uses a private key to authorize transactions. Bloxwap provides an embedded wallet through sign-in, so no browser extension is required. You can export its key from Settings. Keep exported keys private and secure.
To make one-tap trading work, you approve a trading-only permission once. It lets the app place and close trades for you without a signature on every tap. It can't withdraw or send your funds anywhere.
Where your money actually lives
Bloxwap doesn't run an exchange. It places your trades on Hyperliquid, a decentralized exchange that records trading activity on its blockchain.
Trades settle on-chain, meaning their records are written to the blockchain. Your wallet controls the trading account on Hyperliquid. Collateral is held in USDC, a stablecoin designed to track the US dollar.
An open Hyperliquid position continues to exist if the Bloxwap interface is unavailable. Managing it through another interface requires access to the same wallet, and still depends on Hyperliquid and the network being available.
What Bloxwap can and can't do with your assets
Bloxwap can:
- Show you markets and live prices.
- Place a trade when you tap UP (a long, which gains if the price rises) or DOWN (a short, which gains if it falls).
- Close or flip a position when you tap CLOSE or FLIP, using the trading-only permission you approved.
Bloxwap cannot:
- Use a trading-only approval to withdraw your funds. Transfers require a separate authorization.
- See or copy your key.
- Freeze the funds in your wallet.
You decide every trade, and you control where your money goes.
The real risks to understand
Wallet control is one part of the risk picture. Consider these risks before placing a trade:
- Leverage cuts both ways. Leverage magnifies gains and losses. With 10x leverage, a 1% price move produces roughly a 10% change in starting margin, before fees and funding.
- Liquidation. If the price moves against a leveraged trade far enough, the exchange closes it automatically. For example: you put 50 USDC into Bitcoin going up at 10× leverage. A 10% decline represents $50 of price losses on that $500 position, but liquidation can occur earlier because maintenance margin and fees also matter. Cross-margin positions can put other collateral in the trading account at risk.
- Market risk. Prices can move sharply, and an order may fill at a different price from the one you expected.
- Software and network risk. Interface errors, protocol failures, and network outages can affect access and execution.
- Wallet access. Protect your sign-in and any exported keys. Lost or compromised wallet access can put funds at risk.
Start safely
- Try the flow in Demo first. Demo uses practice funds, so you can learn how size, leverage, and profit and loss behave before any real money is at risk.
- New to any of this? Read What is Bloxwap? and What are perpetual futures? first.
- See how money moves (profit, loss, liquidation, and fees) in How Bloxwap payouts work.
- Check the fees and the terms before you trade.
Understand the position and its costs before trading live, and only commit funds you can afford to lose.