❓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.

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?

Go to the [Explore] page to browse the top 0.01% of traders. Use filters like All, Watchlist, Smart, KOL, Institution, or Whale. You can sort by PnL, ROI, Account Balance, Max Drawdown, or Volume over 1D / 7D / 30D, and view full stats before copying.

A pro tip:

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. 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.

5. 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.

6. 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.

7. Why didn’t my trade go through?

Sometimes trades are skipped. Reasons may include:

Position size below Hyperliquid’s $10 minimum
Entry outside the 3% rule: "Existing positions held by the lead trader will be automatically copied, only if it is within 3% of their initial entry price."
No position to close
Insufficient balance

Go to Trade Log to check more details.

8. Can I copy multiple traders?

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

9. Can I stop copying anytime?

Yes. You can stop copying from your Portfolio page.

10. 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

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Last updated 15 hours ago