FAQ
Quick answers on custody, availability, KYC, deposits, withdrawals, leverage, fees, and Season 01.
Short answers to the most common questions about trading on Bloxwap. New to the terminology? See the Glossary. Want step-by-step walkthroughs? See the how-to guides. Wondering how Bloxwap stacks up against other tap-trading apps? See Bloxwap vs Competitors.
What is Bloxwap?
Bloxwap is the easiest way to trade. It is a non-custodial interface to the Hyperliquid protocol where you trade perpetuals — crypto, stocks, commodities, indices, and pre-IPO names — with a single tap. You sign in with email or a passkey (no seed phrase, no signup), an embedded wallet is created for you, and every trade settles on-chain on Hyperliquid from your own wallet.
How is Bloxwap different from a centralized exchange or other perp DEXes?
Unlike a centralized exchange, Bloxwap is non-custodial — it never holds your funds or keys, and every trade settles on-chain on Hyperliquid. Unlike most perpetual DEXes, there is no orderbook to learn and no seed phrase to manage: you sign in with email or a passkey, an embedded wallet is created for you, and you trade with one tap.
Is Bloxwap custodial — who holds my funds?
Bloxwap is non-custodial. It is a front-end interface to the Hyperliquid protocol and never holds your funds or private keys — every trade executes on Hyperliquid from your own wallet, and signed transactions are final and irreversible.
Where is Bloxwap available, and which regions are restricted?
You may not use Bloxwap if you are a citizen or resident of, or located in, a Restricted Jurisdiction: the United States (including its territories), Cuba, Iran, North Korea, Russia, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine — or anywhere the use of derivatives or perpetuals is prohibited or unlawful.
Do I need to complete KYC to trade?
No. There is no KYC and no account signup to trade — Bloxwap is non-custodial, so you trade from your own wallet. Identity verification (KYC) may only be requested if you win a Season 01 prize, before payout, to satisfy sanctions-screening and tax-reporting obligations.
What is the minimum age to use Bloxwap?
You must be at least 18 years old, or the age of majority in your jurisdiction if that is greater, and have the legal capacity to agree to the Terms of Use.
Do I need a seed phrase, or how do I sign in?
No seed phrase is required. You sign in with an email or passkey and an embedded wallet (provisioned via Privy) is created and managed for you. You stay in control — you can export the wallet’s private keys at any time.
Which chains and tokens can I deposit?
You can fund your account from 12 tokens — including USDC, USDT, ETH, BTC, and SOL — across chains such as Ethereum, Base, Polygon, Solana, and Bitcoin. Deposits in other tokens are routed into your USDC trading balance automatically.
How do I deposit Bitcoin?
Choose “Deposit from Cash App” in the Add Funds flow to jump straight to Bitcoin with a scanner-ready QR code, then scan it from Cash App’s Bitcoin send screen. Your BTC is routed into your USDC trading balance, and Bloxwap shows a toast when it arrives.
How do withdrawals work?
You can withdraw your USDC trading balance to Ethereum, Base, Solana, or HyperEVM. Withdrawals are gasless — a relayer covers the network gas. Moving to HyperEVM on the same chain is free; the other chains route through Across with a transparent fee and a live quote shown before you confirm.
What is the maximum leverage?
Leverage is up to 40× on BTC. Caps vary per asset and are set by Hyperliquid — most large crypto markets are 20–25×, many stocks are 10×, and outcome markets are 1×. Every market’s cap is listed on the Assets page and shown in the app.
How do liquidations work, and what is my liquidation price?
Every position is margined on Hyperliquid. If the market moves against you far enough that your margin can no longer support the position, Hyperliquid liquidates it — you can lose the margin backing that trade, but never more than your balance. Your estimated liquidation price is shown on the trade screen and moves with your leverage and margin: the higher the leverage, the closer the liquidation price.
What can I trade on Bloxwap?
Bloxwap lists 50+ markets — crypto, commodities, stocks, indices, and pre-IPO names — all traded as perpetuals on Hyperliquid. HIP-3 markets such as stocks and commodities trade 24/7.
Is there a demo or practice mode?
Yes. Demo mode lets you trade against a virtual balance with real leverage, stop-loss, take-profit, and fee mechanics — no real money and no wallet approvals — so you can learn the app risk-free before trading live.
How much are the fees?
You pay Hyperliquid’s standard exchange fees plus a flat Bloxwap builder fee of 5 bps (0.05%), or 2.5 bps (0.025%) for Genesis traders. The interface itself charges nothing to place or close a trade.
What does the builder fee fund?
The Bloxwap builder fee funds the operation of Bloxwap. For Season 01, the entire $250,000 prize pool is funded from the builder fees Bloxwap collects on referred trades — no external sponsor.
How is my profit and loss displayed?
Open-position P&L is shown as a gross dollar amount (before fees), and the percentage is measured as return on the margin you committed — not on the full position size — so a 10% price move at 10× leverage reads as roughly +100%. The net amount after fees is shown when you close the position.
What is $BLOXWAP and what is it for?
$BLOXWAP launched as a meme coin for the live stream and now carries two real utilities: a buyback-and-burn, and a burn-to-unlock fee discount — burn a cumulative 1,000,000 $BLOXWAP for Genesis status and half-price builder fees, forever. It is a token, not a company share: no equity and no governance.
How do I lower my trading fee (Genesis)?
Burn a cumulative 1,000,000 $BLOXWAP to earn Genesis status, which lowers your builder fee from 5 bps to 2.5 bps — half the standard rate — on every trade, forever. The burn is a real on-chain SPL token burn on Solana.
How do I qualify for the Season 01 prize pool?
Enable the Bloxwap builder fee when prompted (this adds your wallet to the leaderboard) and keep it enabled, then trade. You earn 1 point per $1 of revenue your trading generates for Bloxwap, and the top 100 wallets at season close share the $250,000 USDC pool. You must be 18+ and not in a Restricted Jurisdiction; wash or self-matched trading is disqualified.
Is there a mobile app?
Bloxwap runs in your mobile browser and installs as a PWA: open bloxwap.com and choose “Add to Home Screen” for a full-screen, app-like experience. You can turn on price and momentum push notifications from Settings → Notifications.
Where can I see protocol stats?
Live protocol stats — trading volume, revenue, active traders, and the Season 01 leaderboard — are on the Bloxwap analytics dashboard at analytics.bloxwap.com.
Where do I get help or report a bug?
Reach the team and community on Discord, Telegram, or X — all linked from the Links page. Bug reports and questions are welcome there.
Fees
Hyperliquid's fee schedule plus a flat Bloxwap builder fee — 5 bps standard, 2.5 bps for Genesis traders.
Bloxwap vs other Hyperliquid apps
How Bloxwap compares to other Hyperliquid front-ends — wallets with a perps tab, pro terminals, and mobile trading apps. Bloxwap is a non-custodial, mobile-first, tap-to-trade client for Hyperliquid perps, stocks, commodities, and indices.