Does Papertrade require KYC?
No. Papertrade does not require identity verification (KYC) to trade, according to its published terms and docs.
Checked 2026-10-17 · 3 sources- USDC balances sit on HyperCore at a deposit address unique to each user, and trading state lives in Papertrade's HyperEVM contracts. Withdrawals need your own wallet signature.
- No KYC today does not mean none ever. Rules and terms change, so check the venue before relying on this.
- Papertrade had published no terms of use or list of restricted countries as of 2026-10-17, and its docs do not mention geographic restrictions.
Sources: Papertrade Docs: What is Papertrade? · Papertrade Docs: FAQ · Papertrade Docs: Asymmetric impact PnL. The venue's own page wins if it disagrees with ours.
Papertrade
Perp DEX. Papertrade is a synthetic perpetuals exchange on HyperEVM offering BTC and ETH with up to 1000x leverage. Every trade is a swap against a single liquidity pool at Hyperliquid's order-book mid price, with no funding, spread or fee on position size. The protocol takes its cut only from winning closes.
Full Papertrade sheet: fees, custody, incidents →