Hyperliquid is a decentralized exchange (DEX) designed for high-performance derivatives trading with an on-chain order book and a centralized-exchange-like UX.

Does Hyperliquid support high leverage?

It typically offers leveraged perpetuals. Exact limits vary by market and may change—always check the live interface before trading.

You may encounter maker/taker trading fees; some actions can be gas-free on the underlying chain. Review the platform’s current fee schedule.

Is Hyperliquid self-custodial?

You connect your wallet and keep control of your keys. Orders execute on-chain while assets remain in your custody unless you deposit to specific vaults or programs.

Price volatility, liquidation on margin positions, smart-contract risk, and potential platform or governance changes. Never trade with funds you can’t afford to lose.

Hyperliquid Exchange

Overview

A concise, SEO-ready guide to Hyperliquid: what it is, who it’s for, core features, pros/cons, fees, security, and common FAQs — in clean HTML with a highlighted title.

What Is Hyperliquid?

Hyperliquid is a decentralized exchange (DEX) focused on high-speed derivatives trading. It uses an on-chain order book to pair the transparency of DeFi with a user experience that feels close to a centralized exchange.

On-chain order book Derivatives (perps) Self-custody Advanced tooling

Who Is It For?

Traders who want CEX-like speed with on-chain transparency.
Users who prefer self-custody (connect wallet, keep keys).
Degens and pros seeking granular order control and analytics.
Builders who need APIs/SDKs and composability.

Key Features

On-chain order book: Transparent matching and settlement.
Perpetual futures: Trade long/short with margin and funding.
Gas-friendly UX: Many actions feel gasless to the trader.
Advanced orders: Scale orders, TP/SL, and automation tools.
Wallet first: Connect popular wallets; retain custody.

Pros

Fast, CEX-like experience with DeFi transparency.
Fine-grained order control and analytics.
No account sign-up; use your wallet.
Ecosystem tooling for traders and builders.

Cons & Risks

Leverage introduces liquidation risk.
Smart-contract and protocol risks exist.
Market/LP depth can vary by pair.
Regional access and compliance may change.

Fees & Funding

Item	What to Know
Maker/Taker	Expect a maker/taker schedule; exact rates vary by market and may change.
Funding (Perps)	Perpetuals use periodic funding payments between longs and shorts.
Network Costs	Some actions can feel gasless; still verify network or bridge fees when moving assets.

Always check the live fee page in the app before trading.

Security Snapshot

Self-custody model—trade directly from your wallet.
Smart-contract risk remains; use trusted wallets and practice key security.
Diversify custody and consider position sizing & stop-losses.

Getting Started

Visit the official app and connect your wallet.
Bridge or deposit supported assets as collateral.
Choose a market, set order type (limit/market), and size risk.
Place TP/SL, monitor funding, and manage margin.

Open App

Use Cases

Hedging portfolio exposure via short perps.
Expressing directional views with defined risk.
Basis and funding strategies for advanced users.

Best Practices

Start small; learn funding & liquidation mechanics.
Use stop-losses and size positions conservatively.
Keep keys secure; beware of phishing & fake sites.

FAQs

Is KYC required?

Generally you connect a wallet and trade on-chain. Availability and requirements may vary by region and over time.

What assets can I use as collateral?

Collateral options depend on current listings and risk parameters. Check the collateral list inside the app before opening positions.

Does it support copy trading or vaults?

Some strategies or vault-like products may exist. Review live offerings and their risks before depositing.

Can I spot trade?

Core focus is perpetual futures; spot availability may vary. Verify the latest markets directly in the interface.

Disclaimer

Cryptoassets and derivatives are highly volatile and risky. This page is informational only and not financial advice. Always verify current fees, listings, leverage limits, and availability in your jurisdiction before trading.