How to Trade on Hyperliquid
Complete step-by-step guide to start trading perpetuals on Hyperliquid. No KYC required. Takes about 10 minutes to set up.
What You Need
- ✓A Web3 wallet (MetaMask, Rabby, Coinbase Wallet) OR just an email address
- ✓USDC on Arbitrum network (or another chain to bridge from)
- ✓Small amount of ETH on Arbitrum for the initial bridge (~$0.50)
Step-by-Step Trading Guide
Connect Your Wallet
Go to app.hyperliquid.xyz and click "Connect Wallet". You can use MetaMask, Rabby, Coinbase Wallet, or any WalletConnect-compatible wallet. Alternatively, sign up with just an email address for a custodial experience.
Get USDC on Arbitrum
You need USDC on the Arbitrum network to deposit. Buy USDC on any exchange (Coinbase, Binance, Kraken) and withdraw to your wallet on Arbitrum. Or swap existing crypto for USDC on Uniswap.
Bridge USDC to Hyperliquid
Click "Deposit" on Hyperliquid. The built-in bridge will transfer your USDC from Arbitrum to Hyperliquid L1. This typically takes 1-2 minutes and costs minimal gas.
Place Your First Trade
Select a trading pair (e.g., BTC-PERP). Choose Market or Limit order. Set your position size and leverage (up to 50x). Click Buy/Long or Sell/Short. Your order executes instantly with no gas fees.
Manage Your Position
Monitor your position in the Positions tab. Set Take Profit and Stop Loss orders to manage risk. You can adjust leverage or add margin at any time. Close positions with a single click.
💡 Pro Tips for New Traders
- • Start with low leverage (2-5x) until you understand liquidation mechanics
- • Always set stop losses - Hyperliquid makes this easy with TP/SL orders
- • Watch funding rates - negative funding means you get paid to hold shorts
- • Use limit orders to save on fees (0.015% vs 0.045% taker)
- • Check the funding rate comparison tool to spot arbitrage opportunities
Common Questions
Do I need KYC to trade on Hyperliquid?▼
No, Hyperliquid does not require KYC verification. You can start trading immediately with just a crypto wallet.
What is the minimum deposit on Hyperliquid?▼
There is no minimum deposit requirement. However, considering trading fees and maintaining margin, we recommend starting with at least $50-100 USDC to trade comfortably.
How much leverage can I use on Hyperliquid?▼
Hyperliquid offers up to 50x leverage on major pairs like BTC and ETH. Smaller altcoins may have lower maximum leverage (20x-35x) depending on liquidity and volatility.
Are there gas fees on Hyperliquid?▼
No, there are zero gas fees for placing orders, modifying positions, or canceling orders on Hyperliquid. You only pay trading fees (0.045% taker, 0.015% maker at base tier).
Ready to Start Trading?
Hyperliquid is live and processing billions in daily volume. Join thousands of traders.