Flipper V1 and Flipper V2 are two separate versions of the Flipper trading experience.
They are part of the same Flipper ecosystem, but their account setup, trading flow, balances, execution, and risk mechanics are different.
Compare the versions
Topic | Flipper V1 | Flipper V2 |
Trading model | Smart Routing / Manual Mode across supported execution venues | Orderbook-based perpetual futures trading |
Getting started | Connect wallet → Deposit → Trade | Connect wallet → Create Trading Account → Enable Trading → Deposit → Trade |
Account setup | No separate V2 Trading Account setup | Requires a Trading Account and trading activation |
Execution | Routing and venue conditions affect execution | Orders are placed through the V2 trading interface |
Position management | V1 position and routing mechanics | V2 account, order and position mechanics |
Help Center | Use the Flipper V1 section | Use the Flipper V2 section |
Important: V1 and V2 use different trading mechanics. Instructions for Smart Routing, split execution, balances, or account setup should not be applied across versions.
Which guide should I use?
Use Flipper V2 guides if you see:
Create account
Enable trading
a Trading Account
the V2 orderbook trading interface.
Use Flipper V1 guides if you are trading through:
Smart Routing
Manual Mode
venue-based routing or split execution.
Balances and positions
V1 and V2 balances and positions should be treated separately.
Before depositing, withdrawing, or opening a new position, check:
which Flipper version you are using;
the connected wallet;
your current balance;
pending orders;
open positions.
Opening a position in V2 does not automatically close a position in V1.