Why can't I withdraw from Papertrade?
Withdraw any time up to your available balance, meaning anything not committed as margin to an open position. Sign with your wallet and funds go to your address on Hyperliquid, or on to HyperEVM, Ethereum, Arbitrum or Solana. Papertrade documents 2 reasons a withdrawal can be delayed or held, listed below.
Checked 2026-10-17 · 2 sources- Fee: The app shows any route fee before you sign.
- Minimum: 10 USDC minimum.
- Margin in an open position can't be withdrawn or reduced. Close the position first.
- If the pool can't pay a winning close in full, the profit part goes into a first-in, first-out payout queue and is paid as later losses refill the pool. Your original margin is returned at once.
- Anyone offering to "recover" funds for a fee, or asking for your login or seed phrase, is running a scam.
Sources: Papertrade Docs: Deposits and withdrawals · KuCoin: Papertrade tightens limits after price manipulation. 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 →