π° How Deposits Work
HyperFX uses a deposit model that is fundamentally different from a traditional broker. Instead of sending money to a company, you move funds into a smart contract that only responds to your own wallet β giving you full control at all times.
:::tip You are always in control When you deposit on HyperFX, your funds move into a smart contract that only you can authorize withdrawals from. No company, broker, or institution can touch them.
You can withdraw your free margin (unallocated funds) at any time. Funds actively securing open positions are locked as margin and cannot be withdrawn until those positions are closed or liquidated. :::
π₯ The deposit process, step by stepβ
π How your funds are heldβ
When you deposit USDT, the smart contract records a balance against your wallet address. This is your on-chain credit β visible on-chain to anyone and enforced by code, not by a company's promise.
When you open a trade, part of that credit is locked as margin β the collateral that backs the position. The rest stays available for withdrawal. When the position closes, the margin is returned to you (plus or minus the P&L). If the position is liquidated, the margin settles the loss.
Your free margin (the portion not locked) can be withdrawn at any time without closing open positions.
π¬ How smart contracts hold your fundsβ
Smart contracts are the technology that makes trustless, on-chain deposits possible. The code enforces the rules: only you can withdraw your own funds β no company, no admin key, no court order can override the contract's logic.
If you have not already read about smart contracts, see the Blockchain Basics page β it covers them in depth with an explanatory video.
β±οΈ How fast are withdrawals?β
Withdrawals on HyperFX are processed entirely on-chain:
| Step | Time |
|---|---|
| You sign the withdrawal transaction | ~1 second |
| Transaction broadcast to BNB Smart Chain | ~1β3 seconds |
| Smart contract processes and releases funds | ~1 block (~3 seconds) |
| USDT appears in your wallet | Under 5 minutes total |
Compare that to a traditional Forex broker: 3β7 business days, requiring manual approval from a compliance team and at least one bank transfer.
For a full side-by-side comparison of custody models, see Traditional Forex vs HyperFX.
π¬ What is USDT and why does HyperFX use it?β
HyperFX uses USDT (Tether) as the deposit and settlement currency. If you are new to stablecoins, this video explains what USDT is, how it maintains its dollar peg, and why stablecoins are used as the base currency in DeFi protocols:
Exodus β 'What is Tether (USDT)?' (8 min, 314K views) β explains what stablecoins are, how USDT maintains its 1:1 dollar peg, why it is the most liquid crypto asset, and how it is used in DeFi protocols.
π‘οΈ What about security?β
Your funds are protected by two structural guarantees:
- Smart contract code β The withdrawal logic is written in the contract. There is no "admin override" or "emergency freeze" function that could trap your funds.
- Public auditability β The smart contract code will be open-sourced and the third-party audit report will be published prior to mainnet liquidity activation. Both will be linked here, on BscScan, and in the official channels.
Security & Transparency Statusβ
| Item | Status |
|---|---|
β
Contract deployed on BNB Smart Chain β 0x697680...39E12 | Live |
| β Liquidity locked via PinkLock | Live |
| π‘ Independent security audit | In progress |
| π‘ Source code repositories | Open-sourcing post-audit |
| π‘ Bug bounty program | Launching with mainnet |
π Go deeper β study resourcesβ
π References & documentationβ
| Resource | Description |
|---|---|
| BscScan β HyperFX contract | Live view of the smart contract that holds your on-chain balance β every transaction publicly visible |
| PinkLock β liquidity lock proof | Third-party liquidity lock verification |
| Ethereum.org β Smart Contracts | Official explanation of what smart contracts are and how they work |
π₯ Educational videosβ
| Video | Channel | Description |
|---|---|---|
| Smart Contracts Explained | Finematics | How smart contracts work as autonomous programs on a blockchain |
| What is USDT / Tether? | Whiteboard Crypto | Understanding the stablecoin used for deposits and withdrawals on HyperFX |
π Reading guidesβ
| Resource | Description |
|---|---|
| Investopedia β Smart Contract | Plain-English definition of what a smart contract does |
| Investopedia β USDT | What USDT is and how it maintains its dollar peg |
| BNB Smart Chain β User guide | Official guide for new users on BNB Smart Chain |
β‘οΈ Up nextβ
- How Liquidity Works β β How orders are matched and how the pool earns fees.