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How to start trading on Hyperliquid

Open the join link, log in with email or a wallet, deposit USDC and trade. Doing it in this order means the 4% discount is on your account before the first trade.

You need
Email or an EVM wallet
To deposit
USDC, or BTC, ETH, SOL and others
Gas to trade
None
KYC in the app
No
Code to use
COINGECKO
Add the code by
$10,000 traded

1. Open the join link

Open app.hyperliquid.xyz/join/COINGECKO using the button below. Hyperliquid shows a Join Now dialog with the code filled in. Click Join with code.

Join Now dialog with the button "Join with code: COINGECKO"
This is what you'll see in the Hyperliquid app when you open the link. Screenshot taken October 29, 2026.

2. Log in with email or connect a wallet

With email

  1. Click Connect and enter your email address.
  2. Type the 6-digit code Hyperliquid emails you. You are logged in, and a wallet is created for you.

With a wallet

  1. Click Connect and pick your wallet: Rabby, MetaMask, Coinbase Wallet or WalletConnect. Approve the connection in the wallet.
  2. Click Enable Trading and sign the request. It is a gas-free signature, not a transaction.

Never type your seed phrase into a website. Hyperliquid only asks you to connect and sign.

3. Deposit

Click Deposit. The simplest route is USDC on Arbitrum, which needs a little ETH on Arbitrum for gas. With email login you can also send USDC on Arbitrum, Ethereum, Base or Polygon to the deposit address shown. BTC, ETH, SOL and several other assets can be deposited too, and then sold for USDC on Hyperliquid's spot market. The deposit guide covers each route and the mistakes to avoid.

4. Check the discount is active

Paste your address into the wallet checker. It should say COINGECKO is active. If it shows no code, enter it on the Referrals page in the app before you trade.

You can also check in the app: open Referrals and click Enter Code. With the code set, the dialog says you are using COINGECKO.

The Enter Code dialog on Hyperliquid's Referrals page reading "You are using the code: COINGECKO", with Enter grayed out
What the Referrals page shows once the code is set, October 29, 2026.

5. Place your first trade

  1. Pick a market with the token selector at the top left, for example BTC.
  2. Choose Long if you expect the price to rise, Short if you expect it to fall.
  3. Set the size. Position size is your margin times your leverage, and fees are charged on the position size.
  4. Click Place Order and confirm.

Start small and with low leverage. A market order fills now and pays the taker fee. A limit order that waits on the book pays the lower maker fee. See fees for the rates.

Trading through other apps

Phantom, MetaMask, Dexari and trading terminals connect to the same Hyperliquid order book. Many of them add a builder fee to each order, and a proposal page in Hyperliquid's docs says a builder code overrides the referral code for that order. To be sure of the 4% discount, trade on app.hyperliquid.xyz.

Want stocks or gold instead of crypto? Hyperliquid also lists HIP-3 perps on shares and commodities. See stocks on Hyperliquid.

Questions

Do I need a crypto wallet to use Hyperliquid?
No. You can log in to app.hyperliquid.xyz with an email address and a 6-digit code. You still need crypto to deposit, for example USDC sent from an exchange.
Do I need KYC?
The Hyperliquid app does not ask for identity documents. The exchange you send funds from may.
Is there a mobile app?
Hyperliquid has an official Android app, published by Hyperliquid Corp. We found no official iOS app; on iPhone, use app.hyperliquid.xyz in the browser. Phantom, MetaMask and Dexari also offer Hyperliquid trading, but their orders can carry a builder code, which a proposal page in the docs says overrides the referral code. Join through the web link so the code is on your account, and trade on app.hyperliquid.xyz to be sure it applies.
When should I add the referral code?
Before your first trade, by opening the join link. You can still add it on the Referrals page later, until the wallet has traded more than $10,000.

Sources

Page updated October 29, 2026. Referral and fee terms checked automatically against Hyperliquid's docs on October 29, 2026. Written by the Hyperliquid Discount team. How we check facts.

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