Wallet & Security

Understanding Wallets on Candlestick

• On Candlestick, you’ll have multiple wallets secured by Turnkey. There are 2 types of wallets:

  • Main Wallet: Your primary address for manual trading and placing limit orders, Deposits, and withdraws. When starting a copy-trading strategy, funds are sent from this wallet. Funds will be back here when it closes.

  • Strategy Vault—Each strategy uses a dedicated wallet, a Vault. A new Vault is created for each strategy and burned once the position is closed.

When I start a copy trading strategy, where will the trades be executed?

• Each strategy is run by a dedicated wallet, a Vault. A new Vault is created for each strategy and is burnt once the position is closed.

Can I import my own wallet to execute the strategy?

• No, you can't. Each strategy is run by a dedicated wallet, a Vault, which seamlessly executes the copy trading strategies—copy buy/copy sell, auto limit order, stop loss/take profit, etc.

Can I withdraw funds from my vault?

• Yes, funds can be rotated between Vaults and your main wallet for your needs. You can transfer ETH from a Vault to your main wallet at any time via ETH transfer or Close Position.

Why can't I use my main wallet for copy trading? Why do you set up a Vault for each strategy?

• Your main wallet serves your daily trading needs, and a vault is dedicated to a Strategy. As a Strategy might be copying up to 10 different addresses, there will be times when different trades are queued. Separating strategy and your day trading wallet will ensure they don’t interrupt each other.

Can I export the private keys of my Candlestick wallet?

• No, you can't export private keys. The wallet is secured by Turnkey. Private key export is disabled for safety purposes. Their tech approach is that the private keys are never exposed, not even Turnkey, Candlestick, or anyone else.