How a MEXC trading bot can trade for you without holding your money
Most people worry about one thing before they try a trading bot: who holds the money? With HiveScarab the answer is simple: you do. Your funds stay on your own MEXC account the whole time. This guide explains how that works.
Custodial vs. non-custodial bots
A custodial service asks you to deposit money with it. From then on, the service controls your funds. A non-custodial bot never receives your money. It only gets permission to place buy and sell orders on your exchange account, through an API key that you create and can delete at any time.
HiveScarab is non-custodial. There is no deposit address, no wallet, and nothing to send us.
What the API key can and cannot do
An API key is a pair of codes (a key and a secret) that lets software talk to your exchange account. When you create it on MEXC, you choose its permissions. HiveScarab needs only:
- View account details, to see your balances;
- View order details, to follow its own orders;
- Trade, to place spot buy and sell orders.
It never needs Withdraw. A key with withdrawal permission is refused automatically when you connect it. The permission is also checked again before every use: if you ever regenerate the key with withdrawal enabled, the bot skips your account instead of using it.
How your key is stored
Your API key and secret are encrypted at rest. They are decrypted only at the moment an order is sent to MEXC. We never ask for your exchange password. Linking the key to the server's IP address on MEXC adds one more layer: the key works only from that address, and it does not expire after 90 days.
How trades are placed
- The market is screened continuously for opportunities on the MEXC spot market.
- An opportunity becomes an order only after it passes HiveScarab's AI checks.
- The order size is the amount you chose per trade, never above your plan's limit. You can also set a total capital cap.
How positions are closed
- Profits are taken with a trailing exit from the peak, plus a hard profit ceiling and an exit for positions that go sideways for too long.
- There is no panic stop-loss. The engine never sells automatically below the entry price plus fees. The trade-off: a position can stay open in a drawdown for a while.
- You can always close a position yourself from the dashboard.
You stay in control
- The Stop button pauses new entries at any time. It never forces an exit.
- You can change the amount per trade or set a total capital cap whenever you want.
- You can delete the API key on MEXC at any moment. That cuts the bot off immediately.
The honest part
No bot can guarantee profit. Crypto is volatile and you can lose money, including while a position waits in a drawdown. That is why every closed trade of the live account is published, wins and losses, verified against MEXC. See what "verified results" means.
Try it without risking money. Create a free account and start with paper trading, then connect MEXC only when you are ready.
Risk warning: trading crypto-assets involves a high risk of loss. Past performance does not guarantee future results. HiveScarab provides software that executes on your own exchange account; nothing on this website is financial or investment advice. Only trade with money you can afford to lose.