Is Copytrading Safe?
Short answer: YES, Polyfollow is built with security-first architecture. But let's break it down.
Security Features
| Feature | How It Protects You |
|---|---|
| Non-Custodial | Your funds stay in YOUR wallet - we never have access |
| Encrypted Keys | Keys are AES-256 encrypted and only decrypted momentarily for trade signing |
| On-Chain | All trades verifiable on Polygon blockchain |
| No Passwords | Passwordless login = nothing to breach |
| Gas Sponsored | We pay gas, not you (no token approvals) |
What Can't Happen
| Threat | Protected? |
|---|---|
| Polyfollow stealing funds | Impossible (non-custodial) |
| Hacker draining your wallet | Keys never exposed |
| Password database breach | No passwords stored |
| Unauthorized trades | Only your followed traders trigger copies |
Risks You Should Know
| Risk | Reality |
|---|---|
| Market Risk | Traders can lose - you'll lose too |
| Trader Risk | Past performance ≠ future results |
| Slippage | Fast markets may fill at different prices |
| Prediction Markets | Binary outcomes - you can lose everything on a trade |
How to Stay Safe
| Tip | Why It Helps |
|---|---|
| 1. Diversify | Copy 3-5 traders, not just 1 |
| 2. Use Range mode | Min/max limits protect you |
| 3. Start small | Test with $50-100 first |
| 4. Set Max Per Market | Avoid putting eggs in one basket |
| 5. Check weekly | Monitor and pause underperformers |
Our Track Record
| Metric | Status |
|---|---|
| Security breaches | Zero |
| Funds lost to hacks | $0 |
| Transactions on-chain | 100% verifiable |
Bottom Line
Polyfollow is secure - your funds are always under your control. But prediction markets are risky - only trade what you can afford to lose.