Is Paradex custodial? Who holds your funds?
No. Paradex is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 3 sources- Runs on the Paradex Chain, an appchain built on the Starknet stack that posts zero-knowledge proofs of state changes to L1. Position, order and PnL data are encrypted and hidden from the public.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for Paradex on its legit check.
Sources: Paradex Docs - Trading Fees · Paradex Docs - Retail and Pro Orders · Paradex Docs - Home. The venue's own page wins if it disagrees with ours.
Paradex
Perp DEX · 0% round trip. Paradex is a perpetuals, dated-options and spot exchange running on its own Starknet-based appchain, with a unified margin account across 90+ markets. Orders placed through the web interface are classed as Retail and pay zero trading fees; API (Pro) orders pay a taker fee.
Full Paradex sheet: fees, custody, incidents →