How to use Hyperliquid: the complete guide
This guide walks you from zero to your first trade on Hyperliquid and then covers the features experienced traders use every day.
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1. Connect a wallet
Open the app through the referral link to lock in the 4% discount, then connect an EVM wallet such as MetaMask or Rabby. Email login is also available and creates a wallet for you.
2. Deposit USDC
The standard deposit route is native USDC on Arbitrum through the Hyperliquid bridge. The minimum deposit is 5 USDC; smaller amounts are lost. Deposits typically credit in under a minute. You can also deposit BTC, ETH, SOL and other assets via the integrated Unit bridge for spot.
3. Enable one-click trading
Hyperliquid lets you approve an API (agent) wallet so orders are signed without wallet pop-ups. Orders cost no gas — you only pay trading fees.
4. Place your first perp trade
Choose a market, select cross or isolated margin, set leverage (up to 40x on BTC, lower on other assets) and choose market, limit, stop or TP/SL orders. Watch the liquidation price before confirming.
- ◆Cross margin shares collateral across positions
- ◆Isolated margin limits risk to one position
- ◆Funding is paid every hour
- ◆TWAP and scale orders are built in
5. Spot, vaults and HLP
Spot markets trade HYPE and other HIP-1 tokens. Vaults let you deposit into strategies run by other traders or the protocol's HLP vault, which market-makes and earns a share of fees and liquidations.
6. Withdraw
Withdrawals to Arbitrum cost a flat 1 USDC fee and usually finish within minutes, signed by validators.