A custodial bot holds your money or your wallet's keys. If it's hacked, shuts down or decides to freeze withdrawals, your money goes with it. A non-custodial bot never holds either: your money stays in your own wallet, and the bot is only allowed to trade.
How Pipfox does it
Hyperliquid has a built-in way to give an app trading permission without giving it your wallet. When you tap Approve trading, your wallet signs exactly that: a trading key for Pipfox.
| The trading key can | It can never |
|---|---|
| Place the trades you confirm in Telegram | Withdraw your money |
| Set and move your stop-losses | Send your money to anyone |
| Close positions you ask it to | See your seed phrase or private key |
Hyperliquid enforces this, not us. You can see the permission, and remove it, on Hyperliquid itself: More → API. Removing it stops Pipfox instantly.
What it doesn't protect you from
- Losing trades. Your money is safe from us, not from the market.
- Hyperliquid itself: it's where your money sits, so its risks are your risks.
- Scammers pretending to be us. Pipfox will never message you first and never asks for your seed phrase. The only official bot is @pipfoxbot.
Trading with leverage can lose you more than you expect, and quickly. Only trade money you can afford to lose. This guide is general information, not financial advice.