💹#Crypto
7 articles
How to Convert a The5ers Payout to Yen: Rise → USDC → DAI → bitbank Fees and Tax Math (September 2026)
The actual steps I used to convert a The5ers payout to yen: receive USDC via Rise, send it to Trust Wallet on Arbitrum, swap for DAI, then cash out on bitbank. bitbank doesn't handle USDC, but DAI deposits on Arbitrum are free. Fees: 1 USDC from Rise to wallet, 0.2% for the swap, 0.12% to sell on bitbank. Tax treatment splits into three parts because USDC is an 'electronic payment instrument' and DAI is a 'crypto asset': the payout itself, USDC's FX gain/loss, and DAI's trading gain/loss. Includes a worked example for a $3,545.67 payout.
MyFundedPerps Measured Firsthand | 3 Plans Are Rule-for-Rule Identical to Breakout Prop — the Difference Is Price and an Official API
On September 23, 2026, I measured every number for MyFundedPerps — the crypto perpetuals prop firm that joined the MyFundedFutures family — directly from the official site and documentation. The surprise: the profit target, max DD, and daily loss on its 3 plans match Breakout Prop's 3 plans exactly (9%/3%, 12%/5%, 10%/6%, daily loss 3% across the board). At list price it's 9% more expensive than Breakout; only during the 20% sale does it become 13% cheaper. The biggest differences are an official REST API and sandbox, and access to 127 symbols including gold and stocks. Track record, though, is close to zero — 37 Trustpilot reviews, profile opened September 2026 — and there's a trap where the max-loss line permanently locks to the starting balance after your first withdrawal.
Web3 Prop Firms Special [September 2026] | Sorting 22 Firms — from On-Chain Settlement to Exchange-Backed and Prediction-Market Types — by 'Is This Actually On-Chain?'
New prop firms settling on Hyperliquid or Arbitrum surged in 2026. We checked 22 firms on September 20, 2026, against their official rulebooks, terms of service, and Trustpilot — from the on-chain settlement type (Propr, Hypernova, HyperPNL, Carrot, DojiFunded), the chain-recorded type (Vanta, Hyper Stack, Solana Funded), the on-chain payout type (Investabl, FundedHive, AI Prop), Kraken-owned Breakout / Kraken Prop / Kraken Funded, the crypto-native type (SizeProp, HyroTrader, Crypto Fund Trader, Bitfunded, TradeXProp, Upscale), to the prediction-market type using Polymarket (Funding Predicts, PropMarket). Even firms calling themselves 'on-chain' run every evaluation phase as a simulation, and each firm's terms state that whether real orders get routed to the market after funding is entirely 'at the operator's discretion.' We cover whether you can buy from Japan, what to do once you receive USDC, and where the fees hit.
Breakout Prop vs. Fintokei: Which Should You Buy? 'Narrow Room, No Rules' vs. 'Wide Room, Many Rules'
A head-to-head comparison of Breakout Prop, the Kraken-backed crypto prop firm, against Fintokei, the firm that runs end-to-end in Japanese. The fee as a percentage of account size is nearly identical (Breakout Pro 0.545% vs. Fintokei Sapphire 0.549%), but the substance is opposite. Breakout has just two rules — daily loss and max drawdown — with no consistency rule, no minimum trading days, and no per-trade risk cap, but its max drawdown is a narrow 3–6%. Fintokei has a wide 10% max drawdown, but a cap on floating loss at 3% of balance applies to the sum of all open positions. Looking at target ÷ max drawdown, how easy it is to pass differs by 1.7x to 3.3x. Measured on both official sites on September 16, 2026.
The5ers Payout Report: $1,230.86 the Day After Requesting (1st), $3,545.67 (2nd) — Yellow Card Lifted, No Interview Either Time [September 2026]
A record of two payouts the site owner received from The5ers on a $100K High Stakes funded account. The 1st was requested September 8, 2026, completed September 9, requesting $1,499 and receiving $1,230.86 via USDT; the 2nd payment of $3,545.67 completed on September 24, received in full via Rise. Neither required an interview or extra documents. Based on this, we lifted The5ers's yellow card. Covers fees by withdrawal method (Rise 3.5%, crypto 3.5% capped at $1,500/request, Hub credit 0%), the 14-day cycle, how to prepare for the interview clause, and the bulk-trading and copy-trading pitfalls most likely to get you banned.
What is Propr? A Full Breakdown of the On-Chain Prop Firm Built on Hyperliquid | From $25, 15.4% Pass Rate Published, USDC Payouts [September 2026]
A look at Propr, a crypto prop firm developed by XBorg and backed by SwissBorg, running directly on Hyperliquid's order book. Four plans ($5K–$200K, from $25), an 80% fixed split, a public dashboard showing a median 38-minute USDC payout time, $2.95M in revenue, and a 15.4% pass rate. On the other hand, the fee is 25–36% more than the identically-structured Kraken-backed Breakout, and at $140–167 per $1,000 of loss allowance it's roughly 3x an FX two-step. Terms state the accounts are '100% simulated' and payouts are 'discretionary,' leverage on FX perps is 25x, and there are mismatches between the FAQ and the rulebook numbers. Covers access from Japan and things FX traders should watch for.
Propr vs Hypernova: Comparing Two Hyperliquid-Based Onchain Props. Hypernova's Instant Payouts and Public Reserves Are Still Invite-Only [September 2026]
Comparing two crypto prop firms that use Hyperliquid's prices. Hypernova has raised $3M (led by Lemniscap), offers a 1-step model across 4 tiers, an 80% split, and pays out from an on-chain reserve on Arbitrum in an average of 6 seconds, with $749K paid out to date. But as of September 2026 it's still a Discord-invite closed beta, has 0 Trustpilot reviews, its reserve has shrunk from $1M to $630K, and it has no third-party audit. We break down the differences with the publicly launched, TGE-completed Propr on price, drawdown, payouts, KYC, and risk.