FAQ
Answers about wallets, trading, funding, fees, and rewards.
Last updated: October 16, 2026
For walkthroughs, see the guides. For trading terms, see the glossary.
What is Bloxwap?
Bloxwap is a non-custodial trading interface for Hyperliquid. Sign in with email or a passkey, then trade perpetuals tracking crypto, stocks, commodities, indices, and pre-IPO assets from an embedded wallet.
How is Bloxwap different from a centralized exchange or other perp DEXes?
Bloxwap provides tap-to-trade controls and an embedded wallet. Orders execute on Hyperliquid, and Bloxwap adds a builder fee to each fill. You control your wallet rather than depositing funds with a centralized exchange.
Is Bloxwap custodial — who holds my funds?
Bloxwap does not hold your funds. You control your connected or Privy embedded wallet and its keys. An approved agent lets Bloxwap software place, modify, and cancel orders on Hyperliquid, but cannot withdraw funds or transfer them to another wallet. It may move USDC between balances within your own trading account. You can revoke it on Hyperliquid. Bloxwap cannot reverse confirmed blockchain transactions.
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. Tier 1 (blocked): the United States, the United Kingdom, European Union member states, Singapore, Japan, Australia, Brazil, and South Korea. Tier 2 (sanctions-risk restrictions): Cuba, Iran, North Korea, Syria, Russia, Belarus, and the Crimea, Donetsk, and Luhansk regions of Ukraine. Tier 3 (watchlist, not currently blocked): the United Arab Emirates, Hong Kong, India, and U.S. territories — these may be reclassified at any time. The same applies anywhere derivatives or perpetuals are prohibited or unlawful.
Do I need to complete KYC to trade?
Bloxwap does not require identity verification (KYC) to trade. Season 01 winners may need verification before payout for sanctions screening and tax reporting. The eligibility restrictions still apply.
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?
Sign in with email or a passkey to create an embedded wallet through Privy. No seed phrase is required. You can export your wallet’s private keys from Settings.
Which chains and tokens can I deposit?
Choose a supported token and chain in Add Funds. Options include USDC, USDT, ETH, BTC, and SOL on their supported networks. Third-party swap and bridge providers route supported deposits into your USDC trading balance; Relay handles the SOL-to-USDC route.
How do I deposit Bitcoin?
In Add Funds, choose “Deposit from Cash App.” Scan the Bitcoin QR code from Cash App’s send screen, check the address and amount, and confirm. A third-party conversion and bridge route sends the deposit into your USDC trading balance.
How do withdrawals work?
Choose a destination such as Ethereum, Base, Solana, or HyperEVM, then review the amount and fees before confirming. Sponsored routes cover network gas for you, but network, bridge, swap, sponsorship, and Bloxwap app fees may be included in the route quote.
What is the maximum leverage?
Leverage limits vary by market and are set by Hyperliquid. Check the market’s limit in the app or on the Markets page before opening a position.
How do liquidations work, and what is my liquidation price?
Hyperliquid can liquidate a position when its margin falls below the required maintenance level. With cross margin, you can lose all funds in the trading account, not just one position’s margin. Auto-deleveraging may also close profitable positions. The app shows an estimated liquidation price; higher leverage generally leaves less room for an adverse price move.
What can I trade on Bloxwap?
Bloxwap lists perpetual contracts tracking crypto, commodities, stocks, indices, and pre-IPO assets on Hyperliquid. These contracts do not give you ownership of the underlying asset. See Markets for the available listings.
Is there a demo or practice mode?
Yes. Demo mode uses a virtual balance to practice opening and closing positions and setting stops and targets. It does not use real funds or charge trading fees. Demo is not Papertrade: Papertrade markets trade real USDC.
What are Papertrade markets? Are they paper trading?
No. Papertrade is a third-party venue on HyperEVM, and its markets trade real USDC. Where available, open Bitcoin or Ethereum and switch the venue to Papertrade. Trades settle against Papertrade’s liquidity pool with up to 1000× leverage on isolated margin. A position is liquidated about 5 bps before its equity reaches zero and loses all of its margin, and winning closes pay a deadband, an impact haircut, and a 2% fee. Practice trading with virtual funds is Demo mode.
How much are the fees?
Each fill pays Hyperliquid’s exchange fee plus a Bloxwap builder fee of 5 bps (0.05%), or 2.5 bps (0.025%) for Genesis traders. Fees apply when you open and when you close a position. Funding and transfer costs are separate.
What does the builder fee fund?
Builder fees fund Bloxwap’s operation and the Season 01 prize pool. The Season 01 pool uses Eligible Revenue: collected builder fees plus applicable Hyperliquid rebates paid to Bloxwap, capped at $250,000.
How is my profit and loss displayed?
Live net profit and loss (P&L) accounts for trading fees and available funding data. Return on equity (ROE) measures P&L against margin, rather than full position value. Estimates can change with price, final fills, fees, and funding; missing funding data is marked in the app.
What is $BLOXWAP and what is it for?
$BLOXWAP is a Solana token with no equity or governance rights. Burning a cumulative 1,000,000 tokens unlocks Genesis and currently halves the Bloxwap builder fee; Genesis rates and availability may change or end under the Terms. The buyback-and-burn plan may change, pause, or end and does not promise any return.
How do I lower my trading fee (Genesis)?
Burn a cumulative 1,000,000 $BLOXWAP on Solana to unlock Genesis. It currently reduces the builder fee from 5 bps to 2.5 bps for the bound trading address. Hyperliquid exchange fees still apply. Genesis may change or end, and burns cannot be reversed or refunded.
How do I qualify for the Season 01 prize pool?
Approve the Bloxwap builder fee and keep it enabled throughout the season. Each $1 of Eligible Revenue (builder fees plus applicable Hyperliquid rebates paid to Bloxwap) earns 1 point. Trading losses and fees may exceed any prize. The top 100 eligible wallets share a pool capped at $250,000 USDC, subject to the official rules. You must meet the age and jurisdiction requirements; wash or self-matched trading can disqualify you.
Is there a mobile app?
Bloxwap runs in a mobile browser and can be installed as a progressive web app (PWA). Open bloxwap.app and choose “Add to Home Screen.” Notification options are in Settings → Notifications.
Where can I see protocol stats?
The analytics dashboard at analytics.bloxwap.com shows Bloxwap trading volume, revenue, active traders, and leaderboard data.
Where do I get help or report a bug?
Email support@bloxwap.com or find the community on Discord, Telegram, and X through the official Links page.