DocumentThe User Manual · Day-to-Day · IssueI · v 2.0 · ExchangesMulti · 8 supported · Privatum · Et · Confidentiale
The User Manual · v 2.0 · Multi-Exchange · Day-to-Day
— what to do, in what order — — 6 steps · once · then you watch — ▲ 01 Choose an exchange — 8 supported — ▲ 02 Create your account — KYC, once — ▲ 03 Secure 2FA · wallet · whitelist — 3 layers — ▲ 04 Fund USDC · Solana — your account — ▲ 05 Connect trade-only API key — withdraw off — ▲ 06 · live Pascal trades you watch · Alex narrates — once · ongoing —

What to do. In what order.

8 supported exchanges· 6 setup steps· 11 sections· 1 trade-only API key
scroll · the manual opens ↓

This is the manual you read once before you start. And consult whenever something does not feel right.

It is not the brochure. It assumes you have decided to deploy Pascal and you want to do it carefully. It is sequenced — read it in order the first time. After that, each section stands on its own.

Pascal supports most major BTC-perpetual venues. The setup is broadly the same on every one: create an account, secure it, fund it, generate a trade-only API key with withdrawal permission refused, paste the key into Pascal. Your capital never leaves your exchange. Pascal trades. You watch.

▲ Contents · sequenced — read once in order, then consult
▲ 01Before you start ▲ 02Choose your exchange ▲ 03Create your exchange account ▲ 04Secure your funds · three layers ▲ 05Fund your account ▲ 06Generate your trade-only API key ▲ 07Connect Pascal ▲ 08Your first 24 hours ▲ 09Day-to-day operation ▲ 10When something does not feel right ▲ 11Security best practices · a summary ▲ FAQFrequently asked questions
§ 01 Before you start

Before you start.

A short checklist. Have these to hand before you begin — it makes the rest of the manual frictionless.

What you'll need

What you'll be setting up

▲ One promise, repeated

Your money never leaves your own exchange account. Pascal connects via an API key that can trade — it cannot withdraw, transfer, or move your funds. You remain in full control of your assets at all times. The Custody page is the architectural read-out of this; this manual is the operational one.

§ 02 Choose your exchange · v 2.0 — multi-exchange

Choose your exchange.

Pascal is exchange-agnostic. Bring your preferred venue — Pascal connects via a single trade-only API key, no matter which one you choose.

The change from v1 of this Manual is the one Principals asked for most: you no longer have to use a single named exchange. Pascal now supports most major BTC-perpetual venues, and the setup flow is broadly the same on each. Pick the venue you already use, the one that has the best fees in your jurisdiction, or the one your custodian prefers — Pascal does not care, provided it offers BTC/USDT perpetuals and a trade-only API scope.

▲ Primary · tested venues
Crypto.com Exchange

The original v1 venue. Deep liquidity on BTC/USDT perpetuals, clear API surface, well-documented withdrawal whitelist flow.

▲ Primary · tested venues
Binance

The largest perpetuals venue globally. Tight spreads on BTC/USDT, strict trade-only key permissions, IP-restriction supported.

▲ Primary · tested venues
Bybit

Pascal-native — much of the engine was built and validated against Bybit's API. Excellent perpetual liquidity, clean granular scopes.

▲ Primary · tested venues
Kraken

The most regulated of the supported venues. Better liquidity for BTC perpetuals than most realise, and a strong audit posture.

— Supported · via standard connector
OKX

Deep BTC perpetual book, supports the standard trade-only / withdrawal-off scope split that Pascal requires.

— Supported · via standard connector
Coinbase Advanced

The right choice for a US-based Principal. BTC perpetuals via the Advanced surface, regulated, strong custody posture.

— Supported · via standard connector
Deribit

For Principals who want BTC perpetuals alongside an options venue. Clean API, low latency, professional book.

— Supported · via standard connector
Gate.io

Useful in jurisdictions where the larger venues are restricted. Standard trade-only API surface, supported via the same connector.

▲ How to choose

If you already have an account on one of the eight, use it — the setup is shortest. Otherwise, pick by jurisdiction: Coinbase Advanced for US, Kraken for UK/EU, Binance / Bybit / OKX / Crypto.com for most other regions. Liquidity is not a real differentiator at the trade sizes Pascal works at — all eight have more depth than any single Principal will ever need.

The remainder of this manual is written venue-agnostically. Where a per-exchange detail matters — usually a menu path — it is called out in the relevant section.

§ 03 Create your account

Create your exchange account.

If you already have an account on your chosen venue, skip to § 04. If not — this is once, and it takes about fifteen minutes.

  1. Visit the exchange's website

    Go to the exchange directly — type the domain in yourself, do not follow a link from email or social media. (See § 11 — phishing avoidance.) Click Sign Up or Register.

  2. Create your login

    Use an email address you control and a strong, unique password — a password manager (1Password, Bitwarden) is strongly recommended. Do not reuse a password from any other account.

  3. Confirm your email

    The exchange will send a verification email. Confirm immediately. If it does not arrive within a few minutes, check the spam folder.

  4. Complete identity verification (KYC)

    Every supported exchange requires Know-Your-Customer verification. Upload a photo of your government-issued ID and take a verification selfie. Approval is usually within a few minutes to a few hours.

    You will need to provide your name, date of birth, address, and (depending on jurisdiction) source-of-funds declaration.

  5. Enable derivatives / perpetuals access

    On most exchanges, perpetuals trading is a separate sub-account or requires a one-time toggle. Pascal trades BTC/USDT perpetuals. Confirm the option is enabled before continuing.

Once your account is approved and perpetuals are enabled, proceed to § 04 to secure it before depositing any capital.

§ 04 Security · three layers

Secure your funds.

Before any money goes in, three layers of security go on. They are non-negotiable.

The pattern is universal across every supported exchange. The menu paths differ slightly; the layers do not.

▲ Layer 01
Two-factor authentication

Every login and sensitive action requires a code from your phone. Even with your password, an attacker cannot enter without the second factor.

▲ Layer 02
Hardware wallet

A Ledger or Trezor device that holds your withdrawal address offline. Funds destined out of the exchange flow to this device only.

▲ Layer 03
Whitelisted withdrawal

The exchange is configured to allow withdrawals to one address only — your hardware wallet. Funds cannot leave the account in any other direction.

Step 1 — Enable two-factor authentication

  1. Install an authenticator app on your phone

    Use Google Authenticator, Authy, or your password manager's built-in TOTP feature. Do not use SMS-based 2FA — it is vulnerable to SIM-swap attacks.

  2. Find the 2FA setting in your exchange

    The path varies: typically Settings → Security → Two-Factor Authentication. Select Authenticator App, not SMS.

  3. Scan the QR code, enter the test code, save the backup codes

    Save the backup codes somewhere safe and offline — a password manager's secure-notes section is fine. If you lose your phone without these, recovery is painful.

Step 2 — Set up your hardware wallet

  1. Buy a Ledger or Trezor — direct from the manufacturer

    Never buy a hardware wallet second-hand or from a marketplace. Always direct from the manufacturer's official store, sealed.

  2. Initialise the device

    Follow the manufacturer's onboarding to create a new wallet. Write down the seed phrase on the included card. Never type the seed phrase into any computer, phone, or website. Store the card somewhere physically secure.

  3. Generate a receiving address

    In the Ledger Live or Trezor Suite app, add a USDC-on-Solana account and reveal the receiving address. Verify the address on the device screen — never trust the address shown on the computer alone.

Step 3 — Whitelist your withdrawal address

  1. Add the hardware wallet address to the exchange whitelist

    In your exchange: Settings → Withdrawal → Address Book → Add Address. Paste the USDC-on-Solana address from your hardware wallet. Label it clearly (e.g. My Ledger · USDC).

  2. Confirm and wait the cooling period

    Most exchanges enforce a 24–48 hour cooling period before a newly added address becomes active. This is a safety feature — it gives you time to react if someone has compromised your account.

  3. Enable withdrawal-whitelist enforcement

    In the same menu, toggle Restrict withdrawals to whitelisted addresses only. From this point, no withdrawal can leave to anywhere else — not even one you authorise. Adding a new destination requires the cooling period each time.

▲ Important — only add your hardware wallet

Do not whitelist exchange addresses, friends' wallets, or anywhere else. The fewer whitelisted addresses, the safer. If you ever genuinely need a second destination, accept the cooling period.

§ 05 Fund your account

Fund your account.

With the account secured, add the capital Pascal will trade with.

How much to deposit

Pascal's architectural minimum is $1,000 — below that, fees dominate returns. The sweet spot for the early cohort is between $10,000 and $50,000. Above that range, Pascal still operates correctly, but Tier-3 (Risk & Capital) imposes per-position caps so a single position cannot exceed forty percent of available capital.

Whatever you deposit, deposit only what you can afford to leave alone. Pascal is built for a long-horizon Principal who watches and reads, not for capital that needs to come out next week.

How to deposit

Pascal works best with USDC on the Solana network — transaction fees are fractions of a penny, so more of your money works for you. Two routes:

  1. You already hold USDC

    Transfer it directly to your exchange's USDC deposit address. In your exchange: Wallet → Deposit → USDC, select Solana as the network, copy the address carefully (verify the first and last four characters), send a small test amount first if the size is significant.

  2. You are starting with fiat

    Deposit GBP, EUR, or USD by bank transfer. Most exchanges offer SEPA, Faster Payments, ACH, or SWIFT — fees and clearing time vary. Once the fiat lands, use the exchange's built-in convert tool to swap into USDC.

    Bank transfers typically take 1–3 business days. Some venues offer faster instant-deposit options for additional fees.

▲ A small habit worth keeping

On any first transfer to a new address — exchange, wallet, anywhere — send a small test amount first (~$5). Wait for it to land. Verify the destination. Then send the rest. This habit costs five minutes and prevents an entire category of irreversible mistakes.

§ 06 The trade-only API key · the critical step

Generate your API key.

This is the one step you do most carefully. The API key is what gives Pascal access to your account — and crucially, what limits that access.

An API key is a limited-access pass to your exchange account. You control exactly what it can and cannot do. The key we create here authorises Pascal to trade — and nothing else.

▲ Permitted
Trading

Open positions. Close positions. Adjust stops. Modify orders. Read balances, positions, history.

✗ Refused at key
Withdrawal

Cannot move funds out. Cannot transfer. Cannot whitelist a new address. Cannot initiate any fiat off-ramp.

The generation flow

  1. Navigate to API Keys in your exchange

    Per-exchange paths are in the § 02 catalog. Typically Settings → API or Profile → API Management.

  2. Create a new API key

    Label it clearly — Pascal · trade-only · {date}. The label is for your reference; Pascal does not see it.

  3. Set the permission scope — trade-only

    You will be presented with a permissions panel. Enable Read and Trade (or Spot & Derivatives Trading, depending on the venue). Disable Withdrawal, Transfer, Internal Transfer, and any "wallet management" permission.

  4. Set IP restriction — optional but recommended

    Some exchanges let you bind the key to a specific IP range. If your venue offers this, use the IP range Pascal provides during onboarding. If it does not, the trade-only permission scope is sufficient.

  5. Confirm with 2FA, then copy the key and secret

    The exchange will show your API key and API secret exactly once. Copy both into a temporary, secure note — you will paste them into Pascal in the next section.

▲ Verify before you proceed

Before pasting the key into Pascal, return to the API key list and confirm that Withdrawal is disabled on this key. Pascal will also check this at connection time and refuse to operate with a key that has withdrawal permission — but two checks are better than one.

§ 07 Connect Pascal

Connect Pascal.

With the key generated, this is the moment Pascal sees your account. The next few minutes determine the rest of the relationship.

  1. Sign in to your Pascal dashboard

    Open app.pascaltrades.com directly — type the address, do not follow an email link. Sign in with the credentials you set up when your invitation was issued.

  2. Open Settings → Exchange Connection

    Select your exchange from the dropdown — the same one you set up in § 02. Pascal adjusts the connection flow for each venue automatically.

  3. Paste your API key and secret

    Paste each value into the corresponding field. Pascal encrypts both on receipt — they are written to disk encrypted, and nobody at Pascal ever sees them in plaintext.

  4. Pascal verifies the key

    Pascal makes a probe call to your exchange to confirm the key is valid, that the trade scope is enabled, and that withdrawal is refused. If withdrawal is enabled, Pascal will refuse to connect and ask you to regenerate.

  5. Confirm your starting allocation

    Pascal will show your account balance and propose an initial allocation — typically the full balance, minus the architectural 5% cash floor. You can lower this from Settings at any time; you cannot raise it above what the rules permit.

  6. Start in paper mode

    By default Pascal opens new connections in paper mode — every trade is simulated against live prices, no capital is at risk. This runs for as long as you want; the recommended minimum is 72 hours so you can see the system behave before live deployment.

  7. Move to live

    When you are ready, toggle Live trading in Settings. Pascal will ask you to confirm. From the moment you confirm, real positions open on your real account.

From this moment, Pascal trades. You watch. You can pause it at any time, from anywhere.
§ 08 Your first 24 hours

Your first 24 hours.

A short field-guide to what is normal and what is not, so you know which is which.

▲ Normal · expected
  • Pascal may not trade for several hours, or even a day. The system waits for conditions that match its rules.
  • The dashboard updates every minute. Most of those minutes show "no change".
  • Alex's narration on the Trades surface is succinct — usually one or two sentences per trade.
  • You may see one or two losing trades in the first day. Expectancy is measured over hundreds, not handfuls.
  • The cash reserve sits at 5% or more. Pascal will not deploy below the floor.
  • Treasury mode reads NORMAL unless conditions explicitly trigger a downgrade.
▼ Not normal · investigate
  • The connection status shows DISCONNECTED for more than ten minutes — check § 10.
  • Your exchange shows a withdrawal you did not authorise — Pascal cannot do this. Treat as a security incident, see § 10.
  • A position is open for more than 24 hours with no movement — Pascal's strategies are intraday-to-multi-day; a stuck position warrants a look.
  • Treasury reads EMERGENCY_EXIT — this is rare and intentional. Read Alex's narration on the Dashboard for the cause.
  • You feel uneasy — pause Pascal and read. See § 09 — Pausing.

If you want a more thorough first-day briefing, ask Alex on the Trades surface: "Walk me through today's activity, in order." Pro and Elite tier Principals will receive a cited, sequenced narrative.

§ 09 Day-to-day operation

Day-to-day.

Four operational controls. Each is one click. Each is reversible.

Pausing Pascal

The most important control. On the Dashboard, the PAUSE button stops all new trades immediately. Open positions remain open under their own stop-loss and take-profit rules — pausing does not market-close them, which would lock losses or cut gains arbitrarily.

You can also pause via Telegram (/halt) if you are away from the dashboard. The pause is acknowledged within one bar — never more than one M close lag.

Changing your allocation

In Settings → Allocation you can lower the percentage of your account Pascal is permitted to deploy. The 5% cash floor is architectural — you can raise it above that, you cannot lower it below. Changes take effect on the next bar close; no positions are touched mid-trade.

Withdrawing profits

Withdrawals happen at your exchange, not through Pascal. Pascal cannot move money out of your account; it does not have the permission.

  1. In Pascal, optionally pause first

    Pausing prevents new trades from opening while you withdraw. Not strictly necessary, but it keeps the accounting clean.

  2. Log in to your exchange directly

    Open the exchange's site, sign in, navigate to Wallet → Withdraw → USDC → Solana.

  3. Select your whitelisted address

    Only one address can receive — the hardware wallet you whitelisted in § 04. Enter the amount, confirm with 2FA, submit.

  4. Unpause Pascal

    Pascal resumes on the next bar close after you unpause. The reduced balance is automatically reflected in the next Treasury cycle.

Approving protocol amendments

Occasionally Pascal proposes a protocol amendment — a change to how the system reasons (a new strategy promoted from paper, a parameter adjustment ratified by the T8 board, a Tier-7 supervisor recommendation that requires Principal sign-off). These appear on the Approvals surface as a queued item with full context.

You can approve, defer, or reject. Deferring sends the proposal back for re-evaluation at the next cycle. Rejecting is recorded permanently in Alexandria with your reasoning — and is itself a decision the institution learns from.

Revoking access

If you want to disconnect Pascal entirely — for any reason — the action lives at your exchange, not in Pascal. Log in to your exchange, delete the Pascal API key, done. Pascal's access ends the moment the key is deleted; no process inside Pascal can resist a revocation.

§ 10 When something does not feel right

When something does not feel right.

A short triage register. If your situation does not match any of these, contact the desk — see "Getting help" at the foot of this section.

Pascal isn't trading.no entries · 12+ hours
Often correct behaviour — Pascal waits for conditions. Check the Dashboard: Treasury mode should read NORMAL. If it reads COOLDOWN, three consecutive losses recently triggered a throttle. If you want the detail, ask Alex on the Trades surface why activity is low.
My P&L is negative.first week · first month
Possible and expected. Pascal's expectancy is measured over hundreds of trades; short windows can go either way. The Reflection Engine is observing every loss for attribution. Do not intervene on small-sample evidence. If you want to understand the losses, ask Alex.
I can't log in to Pascal.password · 2fa · device
Reset your password via the email flow. If 2FA is the issue, use a backup code from the codes you saved in § 04. If you have lost both, contact the desk — identity verification will be required.
My exchange shows a withdrawal I didn't authorise.treat as incident
This is not Pascal — Pascal cannot withdraw. Treat it as a serious security incident: change your exchange password immediately, regenerate all API keys (including Pascal's), contact the exchange's fraud line, and contact the Pascal desk so we can revoke and reissue any keys involved.
Connection shows DISCONNECTED.10+ minutes
Usually the exchange — most venues have short, scheduled maintenance windows. The Dashboard will auto-reconnect when the venue is back. If it persists, check your exchange's status page, then contact the desk.
A position is open longer than expected.24h+ · no exit
Some strategies are multi-day. Check the trade card — it shows the strategy, the entry condition, and the exit grammar. If the exit conditions appear stuck, pause Pascal and ask Alex: "Why is the position on trade {id} still open?"
I am worried about security.general unease
A short refresher: § 11 is the security summary. The architecture is in the Custody Model. If you still feel uneasy after reading both, contact the desk and we will walk you through it personally.

Getting help

Inner-circle Principals can reach the desk directly — your invitation included the contact. Response is measured in hours during the working week, faster for live-incident issues. For genuine security incidents, contact us first, your exchange's fraud line second — we can revoke the Pascal key from our side in seconds while you make the call.

§ 11 Security · a summary

Security best practices.

Nothing new — a one-page summary of the discipline that protects the rest.

0 funds Pascal holds 1 trade-only API key 1 whitelisted withdrawal address 3 security layers 8 supported exchanges
FAQ Frequently asked questions

Frequently asked questions.

Can Pascal trade on more than one exchange at once?
Not currently in a single deployment. Each Pascal deployment connects to one exchange. Multi-deployment is planned for the cohort beyond five Principals, when the connector layer is generalised. For now, choose the venue that suits you and run Pascal there.
What does Pascal trade?
BTC/USDT perpetual swaps. Long and short. Pascal does not trade altcoins, options, spot, or anything else. One asset, one instrument type, two directions. The narrowness is deliberate.
What happens if Pascal "goes down"?
Open positions continue to be managed by their stop-loss and take-profit orders on the exchange itself — those live at the venue, not in Pascal. If Pascal is offline, no new trades open, but existing trades are not abandoned. The system reconnects and resumes when it is back.
What happens if my exchange "goes down"?
Pascal pauses automatically. Existing positions remain on the exchange and resume normal management when the exchange returns. Most outages on the major venues last minutes, not hours.
Can I ask Pascal questions about my trades?
Yes — through Alex, the Librarian. Pro and Elite tier Principals can ask in plain language why any trade was placed, exited, sized, or skipped. Cited answers, every time. See the Alexandria page for the full surface.
Can someone at Pascal access my funds?
No. Pascal connects via a trade-only API key — withdrawal is refused at the connection stage, and the key is encrypted on receipt. Nobody at Pascal — engineer, operator, executive — ever has the permission to move your money. The Custody architecture is in the Custody Model.
What is the minimum and maximum deposit?
Architectural minimum is $1,000. There is no architectural maximum, but at very large sizes Tier-3 (Risk & Capital) caps a single position at 40% of available capital regardless of conviction, so the system effectively splits exposure.
What happens during major news events?
The regime detector identifies elevated-volatility conditions and Tier-3 (Risk & Capital) reduces deployment. The Treasury may move into COOLDOWN mode automatically. Pascal does not pause for news as such — it responds to the market behaviour the news produces.
How do I switch to a different exchange later?
Pause Pascal, withdraw from your current exchange to your hardware wallet, deposit into the new exchange, repeat § 02 onwards. Your Pascal account, history, and Alexandria record stay intact — only the connected venue changes. The Reflection Engine retains everything it learned at the previous venue.
What if I am leaving Pascal entirely?
Pause Pascal, withdraw from your exchange to your hardware wallet, then delete the Pascal API key at the exchange. Your Pascal account record remains for your reference. The desk is happy to walk you through it — there is no friction to leave, by design.

Pascal trades. You watch. Alex narrates. The desk is there.

— and you can pause it, at any time, from anywhere —

8supported exchanges
6setup steps
11operational sections
1pause button