FAQ

1 - Gas / Priority Fee

1. Where can I set the gas fee for copy trades?

You can set your Priority Fee with every Copy Trade which you create.

2. What is a gas Priority Fee?

A gas priority fee is what you pay to help your transaction get processed faster by the network.

In general, higher gas leads to quicker execution. However, once the fee goes above 0.005 SOL, the difference in speed becomes minimal.

2 - Top Wallets

1. Why is the trader I'm copying making a profit while I'm losing money?

Your trades don’t always execute at the exact same price as the copied trader. If the trader buys a token with low liquidity or a large amount, their purchase can push the price up. By the time your trade is executed, the price may already be higher, resulting in a worse entry.

Also, other transactions can take place between the trader’s action and your copy, further increasing the price difference. The same applies when selling - you might exit the position at a less favorable price.

2. What kind of wallet is worth copying?

Several factors determine whether a wallet is worth copying. Key indicators include a high win rate, strong realized ROI, smaller trade sizes, and longer holding periods between buys and sells. You can find more details on this in our guide: How to Find / Track Wallets to Copy

3. How to find good wallets to copy?

Finding profitable wallets isn’t always easy. One approach is to look for traders making consistent profits on popular tokens.

But NYRO also provides a "Top Wallets" page where real-time on-chain analytics are used to identify top-performing wallets on the Solana Chain. Read more here

4. How do I determine the best copy settings?

Before anything else, you need to choose a solid wallet to copy. Look into key metrics like their typical buy amounts, whether they snipe launches, the market caps they trade, and their DCA behavior.

There’s no one-size-fits-all setting - the ideal configuration depends on the specific wallet you’re following. It’s important to monitor their activity closely and fine-tune your parameters as you go. Always do your own research.

3 - Transaction Failures

Transactions can fail for various reasons, and understanding them can help you adjust your settings and avoid repeated issues.

1. Network

One common cause is network congestion, especially when many users try to trade at once. If your gas priority fee is too low compared to others, your transaction may time out. Raising your gas value can often solve this.

2. Insufficient Wallet Balance

Even if you have enough for the trade itself, you still need a small buffer (at least 0.01 SOL) to cover network fees.

3. Slippage

If the price of the token changes too quickly between the signal and execution, your slippage tolerance may be exceeded, causing the trade to fail. Increasing your slippage percentage (slippage setting for copy trading coming soon) can improve reliability.

4. Low-liquidity tokens

Low-liquidity tokens or new listings, especially on PUMP, BONKfun or Raydium, can cause failed trades if the liquidity pool is not yet active or has too little depth. In some cases, you might also be trying to buy a token that isn’t supported by NYRO (non-SOL pairs or unsupported DEXs), which will result in failure.

5. Scam tokens

Keep in mind that rug-pull or honeypot tokens can also cause issues. These tokens often let you buy but block you from selling. It's important to avoid tokens with unverified or unrenounced contracts.

6. Total Investment

If you have set a maximum investment limit per wallet, once that total amount is reached, no further copy trades will be made unless you increase the limit.

7. Too many transactions

Lastly, errors can happen if multiple transactions are triggered too quickly from your wallet, which may confuse the network and cause one or both to fail.

If a trade fails and the reason isn't clear, you can always reach out to the team via Telegram for support.