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Hosted Wallet

A hosted wallet is a type of cryptocurrency wallet that is hosted by a third party and managed on behalf of the user. Hosted wallets are often provided by cryptocurrency exchanges, wallet providers, or other financial services companies, and they offer users a convenient way to store and manage their cryptocurrency assets.

With a hosted wallet, the user's private keys, which are used to access and manage their cryptocurrency assets, are stored on the host's servers rather than on the user's own device. This means that the user does not have direct control over their private keys and must trust the host to securely manage and protect their assets.

Hosted wallets offer a number of benefits, including convenience, ease of use, and security. They are often used by users who are new to cryptocurrency or who do not want to manage their own private keys. However, they also carry some risks, as users must trust the host to properly secure and manage their assets and may be subject to the host's terms and conditions.

It is important for users to carefully consider the risks and benefits of using a hosted wallet and to choose a reputable and trusted host.

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Conditional orders have increased risk due to their reliance on trigger processing, market data, and other internal and external systems like an exchange. Such orders are not sent to the market until specified conditions are met. During that time, system outages with downstream technologies or exchanges may occur. Furthermore, exchanges may impose controls on conditional orders to limit erroneous trades triggering downstream orders. HyperTrader or its subsidiaries may not always be aware of such changes to external controls immediately, leading to some conditional orders not being executed. As such, you need to monitor your conditional orders for reasonability. Conditional orders are “Not Held” orders whose execution instructions are on a best-efforts basis upon being triggered.

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