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Wallet & SecurityWallet Setup

Wallet Setup

When you sign in to SharkBlock for the first time, a Privy embedded wallet is created for you (unless you connect an external wallet). This page explains how wallets work and how to set one up.

How Wallets Work

SharkBlock uses Privy embedded wallets — non-custodial wallets secured by your login.

Key Points

  • Created on first sign-in when you use email / SMS / passkey / social login
  • Non-custodial: private keys are encrypted, only you can authorize use
  • Recoverable by signing in again with the same login method
  • No seed phrase to write down
  • Exportable: you can export the private key any time

Requirements

Before you start trading:

  • At least 0.05 SOL in the wallet to cover trades and network fees
  • A valid login: email, phone number, social account, or external wallet
  • A trusted device with secure internet

Wallets and Bots

A bot = a wallet + a strategy.

When you create your first bot, SharkBlock creates the wallet for that bot automatically.

Step by Step

  1. Sign in to SharkBlock with your preferred method
  2. Click “Create Bot” on the dashboard
  3. Pick a mode:
    • Shadow Mode — virtual SOL, no real funds, no delegation needed
    • Delegated Mode — real SOL, requires delegation grant
  4. Name the bot and pick an emoji
  5. Grant delegation (Delegated mode only)
  6. Fund the wallet with SOL (Delegated mode) or virtual SOL (Shadow mode)

You can have up to 3 shadow bots + 3 live bots in total.

Bot Modes Explained

Shadow Mode (Paper Trading)

  • Uses virtual SOL funded directly from the app
  • No real funds at risk
  • Same execution logic and security checks as live trading
  • No delegation required
  • Perfect for validating a strategy

Delegated Mode (Live Trading)

  • Uses real SOL from your wallet
  • Executes actual swaps on Solana
  • Requires you to grant delegation to SharkBlock
  • You can revoke delegation any time — instantly

Understanding Delegation

Delegation grants SharkBlock trading-only permission on your wallet. It does NOT grant:

  • Withdrawal rights
  • Login changes
  • Ability to drain your wallet

What Delegation Allows

✅ SharkBlock can submit buy and sell swaps according to your strategy

What You Always Keep

  • Revoke anytime from Settings
  • All strategy parameters are yours to define
  • Bot on/off is controlled by you
  • Withdrawals can only be initiated by you
  • Private key export is available to you any time

Revoking Delegation

  1. Open Settings
  2. Find the wallet’s Delegation section
  3. Toggle delegation off
  4. The bot stops trading immediately

When you revoke:

  • The bot loses trading permission instantly
  • Open positions remain (manage them manually)
  • Your funds stay in your wallet
  • You can re-grant later if you want

Security Notes

⚠️ Protect your login — your wallet is reachable through it. Use 2FA on email/social accounts.

🔒 Non-custodial — SharkBlock cannot access your private keys.

💡 Best practice — start in Shadow Mode, switch to live trading once you’ve validated the strategy.

Using Your Wallet Elsewhere

The Privy embedded wallet is a standard Solana wallet. You can:

  1. Export the private key from SharkBlock
  2. Import it into Phantom, Solflare or any Solana wallet
  3. Use the same address across the Solana ecosystem

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