Okay, look. Every other Hyperliquid guide out there starts with some fluffy intro about how it's the "fastest DEX ever" or whatever. Boring. And they bury the actual steps under walls of text. You asked for easy connect, fund, trade? That's it. No BS. I usually skip right to wallet stuff because that's where 90% of newbies get stuck. Why? Chains. Bridges. Gas. It's a mess if you're not clued in. But today? We're fixing that. Sound familiar? You've probably rage quit a bridge halfway through.
The thing is, Hyperliquid's on its own L1 chain. Super fast, no gas for trades, up to 50x leverage on perps. Pretty much CEX vibes but decentralized. Fees? Maker 0.01%, taker 0.035% or something tiny like that. Funding rates flip every hour, keeps things fair. But honestly, if you don't get USDC in there first, you're dead in the water.
Head to app.hyperliquid.xyz. Top right, "Connect". Pick your wallet. Sign the gasless thing. Done. I usually go Rabby 'cause it auto switches chains right. If you're MetaMask, switch to Arbitrum first - that's the main entry point for USDC.
Pro move: New to this? Email wallet. Click "Sign up with email". Get a code, boom - trading address created. Export to MetaMask later if you want. Why does this matter? No one's stealing your seed on day one.
Common glitch: Wrong chain. Hyperliquid wants Arbitrum for deposits. In MetaMask, add Arbitrum if it's missing (RPC: https://arb1.arbitrum.io/rpc). Approve "Enable Trading" - it's free, just signs you in. If it fails? Clear cache, refresh. Happens to me weekly.
USDC is king here. ETH, BTC, SOL work too but swap 'em to USDC on Hyperliquid spot first. Gas for deposit? Tiny, like 0.0005 ETH on Arbitrum.
Bridges if you're cross chain: deBridge is native, super quick from Solana/Eth/Base. Or Across, Synapse. I like deBridge - 30s from Solana USDC. Fees? Network gas only, no Hyperliquid cut.
| From Chain | Bridge Time | Gas Cost (ish) |
|---|---|---|
| Arbitrum | 1 min | $0.50 |
| Solana | 30s | ~0.000005 SOL |
| Ethereum | 2-5 min | $5-10 |
| Base | 1 min | $0.20 |
Deposited non USDC? Like SOL? Sell it on Hyperliquid spot market for USDC. Easy swap UI on the side. Don't leave it sitting - can't margin trade with it direct.
Dashboard's clean. Left: pick pair like BTC USD or some meme perp. Chart middle. Order book right. Bottom: order panel.
Okay, say BTC. Think it'll moon? Long. Tank? Short. Slider for size. That's your position size = collateral x leverage. Put in $100 USDC at 10x? $1000 position. Easy math.
Positions tab shows PnL real time. Green? Winning. Red? Uh oh. Funding? Pays every hour - longs pay shorts if positive, vice versa. Keeps perps tracking spot.
In my experience, newbies love Scale - spreads limits across range. Test it on testnet first.
Hyperliquid auto liqs if your margin drops below maintenance (like 50% of initial usually). Liq price shows before you trade. Cross margin? Shares collateral all positions. Isolated? Locks per trade. I always isolated high risk stuff.
Stops? Add TP/SL right in order panel. Market SL: Triggers market sell at 10% slippage max. Limit: Exact price. Set 'em. Always. Why? One bad candle and 50x wipes you.
Fees eat profits? Taker 0.035%, maker lower if limit. Frequent trades? Budget 0.07% round trip. Funding can be 0.01% hourly - watch it on volatile days.
Smart guides mention this late. Or never. Here's the hack.
I blew up like 5 test accounts learning 20x SOL calls. Saved my real bag. What's next? Mess around with TWAP there too.
Subaccounts. Create 'em in settings. Separate risky strats. Main account safe.
Spot trading? Yeah, it's there. Buy HIP-1 tokens direct. Or launch memes if you're degen.
Mobile? App.hyperliquid.xyz works fine in wallet browser. Trust Wallet shines here.
Withdraw? Assets tab > Withdraw. Send USDC back to Arbitrum. Same gas, quick.
| Fee Type | Rate | When? |
|---|---|---|
| Maker | 0.01% | Limit adds liquidity |
| Taker | 0.035% | Market/takes liquidity |
| Funding | Var (0.001%-0.05% hourly) | Every hour |
| Deposit/Withdraw | Network gas only | Arbitrum cheap |
Issue: Bridge delays? Chain congestion. Wait or try another like Mayan. Wallet not showing balance? Refresh chain explorer - Hyperliquid scanner.app.hyperliquid.xyz.
Security? Never share seed. Hardware wallet? Ledger via WalletConnect. Subaccounts for alts. I got phished once early - use official site only.
Wake up. Check positions. Adjust SL if news hits. Long low funding assets. Short overheat. Scale in on limits. Monitor PnL hourly first week.
Hyperliquid's orderbook? Fully on chain. Transparent AF. No shady CEX fills. Liquidity deep - $1B+ daily vol lately.
Scale up slow. $100 -> $500 -> real plays. Track every trade in notes. Winrate over 55%? You're golden.
One more: HYPE token. Stake for points, governance. But trading's the fun part.
Can't deposit? No ETH on Arb. Buy $10.
Liq too close? Drop leverage.
Order fails? Insufficient margin. Free up USDC.
Slow mobile? Desktop first, then app.