Is Padre Trade custodial? Who holds your funds?
No. Padre is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-16 · 1 source- Terms of Service §6.14 call Terminal a non-custodial interface; the operator says it does not hold or control private keys or user funds.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for Padre on its legit check.
Sources: Terminal Terms of Service. The venue's own page wins if it disagrees with ours.
Padre
Trading terminal. Padre is a multichain memecoin trading terminal covering Solana, Ethereum, Base and BNB Chain. Pump.fun acquired it in October 2025 and renamed it Terminal.
Full Padre sheet: fees, custody, incidents →