Short answer: Polyfollow is built to protect your funds, but copy trading carries real risks, including trusting us with your wallet's key. Here's the breakdown.
Security Features
| Feature | How It Protects You |
|---|
| Your Own Wallet | Your funds sit in a wallet of your own, never pooled. You can export its key anytime |
| Encrypted Keys | Keys are AES-256 encrypted and only decrypted in memory to sign your transactions |
| 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) |
How Threats Are Handled
| Threat | Protection |
|---|
| Database leak | Keys are stored encrypted; the encryption secret is kept separately |
| Password database breach | No passwords stored |
| Unauthorized trades | Only your followed traders trigger copies, within your limits |
| Polyfollow going away | Export your private key and use the wallet without us |
What you are trusting us with: our servers hold your wallet's encrypted key so they can trade for you, so a compromise of our servers could put funds at risk. That is why we don't call Polyfollow non-custodial, and why exporting your key as a backup is a good idea.
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 |
| Polymarket | 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 Polymarket is risky - only trade what you can afford to lose.