Generated Wallet
What is a Generated Wallet?
Generated wallets are created directly through Dextrabot and fully integrated with Hyperliquid. Unlike API wallets, they are generated within the system itself, and users receive both the wallet address and the private key.
⚠️ Important: The private key is shown only once at the time of creation. Make sure to save it securely, as it will not be displayed again.
Step 1 – Add Account
Navigate to Wallet Management and click Add Account.
Switch to the Generate Wallet tab.
Step 2 – Create Your Wallet
Choose a name for your new wallet.
Click Generate Wallet.
The system will create a wallet under your chosen name and display its address and private key.
Step 3 – Fund Your Wallet
In Wallet Management, you will now see your newly generated wallet.
Click Deposit to fund it.
A deposit screen will appear, instructing you to transfer a minimum of 15 USDC to your generated wallet address (via Arbitrum).
Step 4 – Automatic Funding to Hyperliquid
Once deposited, the system automatically transfers your funds into your Hyperliquid Perpetual balance.
All gas fees for this process are covered by Dextrabot.
Step 5 – Manage Your Wallet
You can view and manage your generated wallet anytime under Wallet Management.
Important Notes & Best Practices
🔹 Only USDC deposits on Arbitrum are supported – incorrect deposits will be lost. 🔹 Always back up your private key – lost keys mean lost access to trade wallet. 🔹 Minimum deposit is 15 USDC – ensure sufficient funds before enabling copy trade. 🔹 Monitor your copy trading performance and adjust risk parameters as needed.
Generated Wallet Pros&Cons
Pros ✅
Compared to API Wallets, there are unfortunately no real advantages.
Cons ❌
Custodial risk: The wallet is generated by Dextrabot, provided to the user, and stored in encrypted form on the system. While the private key is shown once at creation, the wallet itself carries withdrawal permissions, which introduces significantly more risk compared to API wallets.
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