It is a wallet, not an account
Trading on Hyperliquid does not work like signing up for a broker. There is no password-protected account that holds your money. You connect a self-custody wallet (or use an email magic-code login), you keep custody of your funds the whole time, and trades settle on-chain. That is the trade-off: more control and transparency, but you are responsible for your own wallet security.
- 1 Open the official Hyperliquid app (vyx is not affiliated — use the exchange’s own site).
- 2 Connect a self-custody wallet or sign in with an email and 6-digit code, then sign the gas-less "enable trading" step.
- 3 Bridge USDC to fund the account — the canonical route is USDC on Arbitrum — and click Deposit.
- 4 Pick a market like BTC-PERP, set size and a modest leverage, and place the order.
- 5 Orders settle on-chain; placing and cancelling them is gas-free.
Hyperliquid pays funding hourly — when the perp trades above spot, longs pay shorts, and vice versa — which is more frequent than the eight-hour cycle on many centralized venues. Leverage magnifies losses and can liquidate your position if the market moves against your margin. Start small. This is educational, not financial advice.
Hyperliquid’s Terms of Use restrict certain jurisdictions: US persons are listed as "Restricted Persons" who are not permitted to use the official interface, which is geofenced by location, and the Terms prohibit attempts to circumvent it. Restricted-jurisdiction lists change — check the live Terms of Use for the authoritative position, and consult a qualified professional about your own situation. This is not legal advice.
Once you are trading, vyx surfaces where order flow, funding, and open interest are actually moving across 300+ Hyperliquid markets — so you scan the venue instead of staring at one chart. It is a research and visualization tool, not a trade-recommendation engine, and is not affiliated with Hyperliquid.
Further reading
Related
FAQ
Does Hyperliquid require KYC?
No — standard wallet-based trading does not require identity or KYC verification. Access is gated by wallet connection, the Terms of Use, and IP geofencing rather than document checks.
Can people in the US use Hyperliquid?
Under Hyperliquid’s Terms of Use, US persons are "Restricted Persons" who are not permitted to use the official interface, which is geoblocked by location. These restrictions can change — check the live Terms of Use. This is not legal advice.
How do you deposit money on Hyperliquid?
Bridge USDC to fund the account — the canonical route is USDC on Arbitrum — then click Deposit in the app and confirm in your wallet. The first deposit requires a one-time token approval and a small amount of Arbitrum gas.
How do you withdraw from Hyperliquid?
Close any open positions, then use the withdraw flow to send USDC back to Arbitrum, signing one message. Funds arrive as USDC on Arbitrum; bridge onward from there if you need another network.
See it on the live map
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