Trading on Hyperliquid – A Comprehensive Step-by-Step Guide

Introduction

Hyperliquid offers a seamless decentralized trading experience with features comparable to centralized exchanges like Binance. This guide covers account setup, spot/perpetual trading, risk management, fees, and FAQs—helping you trade confidently on Hyperliquid’s platform.

Hyperliquid Account Setup

To begin trading on Hyperliquid, you’ll need:

• Web3 Wallet: MetaMask, Trust Wallet, or Coinbase Wallet (configured for Arbitrum Network).
• Funds: Deposit crypto via a centralized exchange (e.g., BloFin) using Arbitrum for low-cost transfers.

👉 How to set up a Web3 wallet

Key Tip: Store your wallet’s private keys securely—loss means irreversible access denial.

How to Trade on Hyperliquid

Spot Trading

1. Transfer Funds: Navigate to “Perps to Spot Transfer”, select Perps → Spot, and confirm the USDC amount.
2. Select Asset: Choose a token from the Spot tab and set your order (Market/Limit).
3. Execute Trade: Adjust quantity (in tokens or USD), review fees, and click “Place Order”.

Advanced Options: TWAP orders for systematic execution.

Perpetual Trading

1. Select Contract: From Perps, pick from 149+ contracts (e.g., BTC).
2. Configure Trade: Set leverage (up to 50x), position mode (Isolated/Cross), and TP/SL levels.
3. Open Position: Choose Buy/Long or Sell/Short, review liquidation price, and confirm.

Risk Note: High leverage risks liquidation—trade cautiously.

Managing Trades

• Modify TP/SL: Click the pencil icon in Positions or adjust directly on the chart.
• Close Positions: Use Market (instant) or Limit (set price) in the Positions tab.

👉 Mastering TP/SL strategies

Hyperliquid Trading Fees

• Maker/Taker Fees: 0.01% / 0.035%.
• Slippage Cap: 8% (market orders), 10% (TP/SL).
• Withdrawal Fee: Fixed $1.

Why Choose Hyperliquid?

• Decentralized L1 Blockchain: Zero-slippage on-chain trades.
• Diverse Assets: 11+ spot tokens, 149+ perpetuals.
• User-Friendly: CEX-like interface with DEX transparency.

FAQs

1. Can I trade without a Web3 wallet?

No—MetaMask or similar wallets are mandatory for on-chain interactions.

2. What if I forget to set TP/SL?

Your position remains open, risking liquidation (leveraged trades). Always set TP/SL!

3. Does Hyperliquid require KYC?

No. It’s fully non-custodial—your keys, your control.

4. Unique order types?

Yes: TWAP, Scale Orders, Stop Limit/Market for advanced strategies.

Final Thoughts

Hyperliquid merges CEX efficiency with DeFi’s trustless model. Whether trading spot or perpetuals, its intuitive tools simplify decentralized finance. Start small, leverage wisely, and prioritize risk management.

Ready to trade? Explore Hyperliquid now.