FAQs

Frequently asked questions about Coinpilot, self-custody, features, and more.

About Coinpilot

1. What is Coinpilot?

Coinpilot is a mobile-first copy trading app, powered by Hyperliquid. You can discover top-performing traders and copy their positions in real time — fully on-chain and non-custodial.

2. What does it mean that Coinpilot is “Powered by Hyperliquid”?

Hyperliquid is the decentralized exchange that sits behind Coinpilot.

• When you add USDC, it sits in your wallet on Arbitrum and funds your trading account.

• When a trade is copied, the order is placed on Hyperliquid, with Coinpilot's help.

• Learn more about Hyperliquid: Hyper Foundation Hyperliquid Stats

3. What does “self-custodial” mean?

Your wallet is created through Privy. Coinpilot never has access to your private keys.

• Your funds stay in your wallet.

• You control deposits, withdrawals, and trading.

• We cannot freeze or move your assets.

4. Is Coinpilot free to use?

Yes, downloading and using the app is free. You keep 100% of your profit. Platform fee applies though — see our Fees page for details.

Getting Started

1. Where can I get the app?

We are both publicly live on App Store and Google Play Store.

2. How can I sign up? Can I use my existing wallet? Or do I need to create one?

Right now, you sign up and log in with your email, secured by Privy. When you do, a non-custodial wallet is automatically created for you. This wallet is tied to your account, fully under your control, and you can export the private key anytime.

Support for logging in directly with an existing wallet is planned in our roadmap.

Copy Trading

1. How does Coinpilot find and curate traders?

We have spent months to develop a proprietary program that filters through more than 500,000 wallets trading on Hyperliquid, ranking them by over 30+ criterias, to find the top 0.01% of traders that have the best risk-adjusted returns.

2. How do I choose who to copy?

Head to the Explore page — it now feels like browsing Netflix, but for traders. You can swipe, scroll, and filter through the top-performing wallets tracked from both the Hyperliquid leaderboard and Coinpilot’s curated list powered by our intelligent system.

Browse by categories like Top Traders, Win Rate, Profit Efficiency, Long / Short Bias, or trading styles like Scalper / Swing / Holder, as well as classic filters such as All, Watchlist, Smart, KOL, Institution, and Whale.

You can also sort by PnL, ROI, Account Balance, Max Drawdown, or Volume over 1D / 7D / 30D, and view detailed stats before copying.

Pro tip: Start with Mock Copy to test a trader’s strategy risk-free, or tap the icon to Copy Full Address and check their on-chain record directly on Hyperliquid.

3. How much do I need to deposit to start copy trading?

The minimum deposit is $5 USDC on Arbitrum. To copy a lead trader, you’ll need at least $100 USDC — this ensures there’s enough capital allocated to follow their trades effectively.

4. My Deposit did't land on Coinpilot?

If you have deposited USDT on Arbitrum or USDC from other networks to your Coinpilot wallet.

Here’s what you can do:

1. You can export the private key of your Coinpilot wallet from the app. Here's the step-by-step guidance to export the private key on Conipilot: https://docs.trycoinpilot.com/account/export-keys

2. Then import that wallet into MetaMask (or any compatible wallet) to view your assets directly — you should see the USDT or USDC on other network there.,

3. Once confirmed, we recommend swapping the USDT to USDC (Arbitrum) and then redepositing to continue using Coinpilot normally

5. What’s the difference between Allocation and Balance for a lead trader?

• Allocation = the amount you assign from your Trading Account to copy a specific lead trader (your configured capital).

• Balance = the live value of that allocation, i.e., Allocation plus/minus unrealized PnL on open positions. Realized PnL is only added once trades are closed.

6. Where does the money go if I close a position manually or via SL/TP?

• The realized PnL (profit or loss) is added back into your Balance for that trader.

• That Balance will then be used automatically for the trader’s future trades as long as you keep copying.

• If you stop copying, the Balance (including all PnL) is returned to your Trading Account.

7. Why doesn’t my Allocation number change when I make profits?

• Allocation only shows the initial committed amount you set.

• Profits and losses are reflected in the Balance, not in the Allocation.

• To see your true current funds with a trader, always check Balance.

8. Why didn’t my trade go through?

Sometimes trades are skipped. Reasons may include:

• Position size below Hyperliquid’s $10 minimum (Coinpilot now bundles small balances together until they reach 10 USDC, then executes)

• Entry outside the 0% ~ 10% rule if you have the "Copy all existing positions" toggled off (default). When toggled off, Coinpilot only copies existing positions that are within the following price range of the lead trader’s entry price:

  • If your lead trader’s position is Long: Your copy will only execute if the current market price is between –10% and 0% of the trader’s entry.

  • If your lead trader’s position is Short: Your copy will only execute if the current market price is between 0% and +10% of the trader’s entry.

  More details: Copy All Existing Positions

• No position to close

• Insufficient balance

Go to Trade Log to check more details.

9. Can I copy multiple traders?

Yes, you can copy up to 10 traders in parallel for now.

10. Can I stop copying anytime?

Yes. You can stop copying from your Portfolio page.

11. What happens if the lead trader adds margin or deposits more funds?

• If the trader adds more to an existing position (to reduce leverage or improve liquidation price):

  Nothing changes on the your side — Coinpilot does not mirror margin adjustments that don’t involve new trades.

• If the trader increases their position by buying more of the same asset using additional margin:

  You, as a follower to this lead trader, will copy this as a new trade, with the added margin scaled proportionally to your portfolio size.

• If the trader deposits more funds into their wallet:

  This does not affect your current copied positions. However, future trades (including scaled entries) will reflect the lead trader’s increased balance and be copied accordingly based on your allocation.

Security & Wallet

1. Does Coinpilot have access to my private keys?

No. Private keys to your self-custody wallet are generated via Privy and only accessible to you.

2. How do I export my wallet?

Go to Profile > Export Wallet. Log in with your email, select Export Private Key, and save it securely. Never share it with anyone.

3. What if I lose my device?

Simply log in again with your email. Your wallet is tied to your login, not the device.

4. Is there any scheduled maintenance?

Yes. Hyperliquid runs a weekly network upgrade, during which trading may be paused. Expect ~20 minutes of downtime, typically with advance notice. During this time, some actions (like copying or syncing trades) might be delayed or temporarily unavailable.

Don’t worry — your positions and funds remain safe during upgrades.

Stay tuned to our Discord channel here to be updated beforehand.

Rewards

1. How do I claim referral rewards?

Referral rewards accumulate in real time. You’ll be able to claim them directly in the [Rewards] page. See more details: Referral Program