> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/flipper-v2/trading-mechanics/wallet-trading-account-and-trading-balance.md).

# Wallet, Trading Account and Trading Balance

Understand the difference between your wallet, Trading Account, trading access, and Trading Balance.

Flipper V2 separates wallet ownership from trading activity. Understanding these layers helps explain why connecting a wallet, enabling trading, and depositing funds are different actions.

| Layer               | Purpose                                                              | What it contains or controls                                                        |
| ------------------- | -------------------------------------------------------------------- | ----------------------------------------------------------------------------------- |
| **Wallet**          | Proves ownership and approves sensitive actions.                     | Public address, wallet assets, network transactions, and message signatures.        |
| **Trading Account** | Records your Flipper V2 trading activity for the connected wallet.   | Orders, positions, trading history, collateral, and PnL.                            |
| **Trading access**  | Authorizes the current browser or device to use the Trading Account. | Secure read and trading permissions used to submit orders.                          |
| **Trading Balance** | Funds available inside the Trading Account.                          | Deposited collateral, available balance, and funds supporting positions and orders. |

## How the layers work together

1. **Connect the wallet** to share its public address with Flipper.
2. **Create the Trading Account** by confirming wallet ownership.
3. **Enable trading** with a second signature.
4. **Deposit collateral** from the wallet into the Trading Balance.
5. **Place orders** using the activated Trading Account.

{% hint style="info" %}
The two setup signatures do not move funds. A separate deposit is required before you can open a position.
{% endhint %}

## Wallet Balance vs. Trading Balance

Your **Wallet Balance** remains in your external wallet. Your **Trading Balance** is the balance credited to the Flipper V2 Trading Account after a successful deposit.

This means:

* connecting a wallet does not make its assets available for trading;
* receiving tokens in the wallet does not automatically update the Trading Balance;
* withdrawing moves available funds out of the Trading Account and back to the connected wallet;
* switching to another wallet address can show a different Trading Account and balance.

## Why trading access can be requested again

Trading access is separate from the permanent Trading Account registration. It can expire or be unavailable after you clear browser storage, use another browser or device, or reconnect in a new session.

When this happens, Flipper may show **Enable trading**. Approving that signature restores access to the existing account; it does not create another account or move funds.