> ## Documentation Index
> Fetch the complete documentation index at: https://docs.neurobro.ai/llms.txt
> Use this file to discover all available pages before exploring further.
# Trading
> Spot trades, tokenized stocks, and perpetual futures in NeuroWallet
Three things you can trade in NeuroWallet: tokens, tokenized stocks, and perpetual futures. The first two work the same way; perps work differently and are covered separately below.
## Buying and selling tokens
Buy from the trading screen, from a token's page, or straight from a chat - if Neurobro just analyzed something for you, there's a Buy button on the answer.
Every trade quotes you a price and a fee before you commit, and the quote holds for a short window while you decide. Past that it re-quotes, because prices move.
### You don't pick a chain
This is the part that usually surprises people. A purchase funds itself from wherever your [cash](/products/neurowallet/overview) actually is:
* Cash on the same chain as the token? It buys directly.
* Cash spread across two chains? It draws from both in one purchase.
* Cash on the wrong chain entirely? It moves across first, then buys.
All of it is one action from your side, with one fee, quoted up front. The routing is our problem, not yours.
### Selling
Selling works the same way in reverse and returns cash. **Anything you hold can always be sold** - a token that would be blocked from purchase because it looks risky can still be sold if it's already yours. We won't trap you in a position.
## Discovering things to trade
What's moving right now, ranked by real activity rather than marketing.
Established assets by market cap, stablecoins filtered out.
Curated tokenized equities - see below.
Find anything by name, ticker or contract address.
Star anything to add it to your watchlist, and starred assets come first in your search results afterwards.
## Tokenized stocks
Tokenized stocks are shares of real companies, issued on-chain, that trade like tokens. They sit in their own tab and behave like everything else in the wallet - buy, hold, sell, same cash, same fees.
They're a curated list rather than anything that claims to be a stock, so what you see has been checked.
Tokenized stocks aren't available in the **United States** or **United Kingdom**.
Because these are regulated instruments, their tokens carry compliance features that ordinary tokens don't - the issuer can enforce transfer rules and, in defined circumstances, act on holdings. That's a property of regulated tokenized equity generally, not something specific to Neurobro, and the app tells you when a token has them.
## Perpetual futures
Perps let you take leveraged long or short positions on an asset without holding it. They trade on **Hyperliquid**, a dedicated derivatives exchange, rather than on the five wallet chains.
Perpetual futures are leveraged instruments. Leverage multiplies losses as well as gains, and a position can be liquidated - closed automatically, at a loss - if the market moves against it far enough. Only trade perps with money you can afford to lose.
Perps aren't available in the **United States** or **United Kingdom**.
### Collateral lives separately
Perps collateral sits on Hyperliquid, not on a chain, so it's held apart from your spot cash. Moving money in or out of perps is an explicit step.
* **Minimum deposit: 10 USDC.** Below that, the transfer isn't worth its own cost.
* **Withdrawals cost a flat 1 USDC**, charged by Hyperliquid.
* Deposits consolidate from whichever chains hold your cash, the same way a purchase does.
Both spot and perps balances count toward your total portfolio value, shown separately so you can tell them apart.
### What you get
* **Long or short** any supported market, with leverage you choose.
* **Stops and take-profits** attached to a position when you open it.
* **Full history** - positions, orders, individual fills, and every transfer in or out.
The fills view is worth knowing about: an order is an instruction, a fill is what actually happened. Seeing the real execution price and time - rather than what you asked for - is the difference between guessing at your performance and knowing it.
## Fees
Every trade carries one fee, quoted before you commit, that already includes network costs, routing and any cross-chain movement. Nothing is added afterwards.
The full breakdown - tier rates, the minimum, what the fee covers, and when it drops to zero - is on [Trading Fees](/neurobro/trading-fees).
## Before a trade runs
Trades are screened before they execute: tokens are checked for transfer taxes and honeypot behavior, expensive routes are flagged, and unusual price impact needs confirmation. [Safety](/products/neurowallet/safety) covers what's checked and what happens when something looks wrong.