A Complete Guide to Buying and Selling Crypto on Hyperliquid Dex for Beginners

Bittime - Hyperliquid Dex is a modern decentralized exchange (DEX) popular among crypto traders. This platform offers high transaction speeds, low fees, and perpetual trading features similar to centralized exchanges, while retaining full control in the hands of users.

This article will discuss how to buy and sell crypto on Hyperliquid Dex, from the onboarding process, asset deposits, trading, and withdrawals.

READ ALSO: Hyperliquid Price Today | HYPE/IDR Price = 777,508

How to Start Trading on Hyperliquid Dex

To start trading, there are two login options:

• With DeFi Wallet (MetaMask, Rabby,WalletConnect, Coinbase Wallet, dll.)

• With Email Address via app.hyperliquid.xyz

If you choose to log in with DeFi Wallet, make sure you already have an EVM wallet. You can easily create a new wallet atRaby Wallet.

Never share your seed phrase with anyone. Store it in a secure, offline location.

Required Assets & Collateral

Before trading, you need to prepare the following assets:

• USDC & ETH (gas)on the networkDecision

• BTCon the networkBitcoin

• ETH Of Ethereum

• SOL, BONK, FARTCOIN, PUMP, SPX Of Solana

All non-USDC assets will need to be converted to USDC to be used as collateral on Hyperliquid.

Dear Deposit of Hyperliquid

1. Enter to app.hyperliquid.xyz

2. Click the Deposit button

3. Select an asset (USDC on Arbitrum is recommended)

4. Confirm the transaction in your wallet

Note: Trading on Hyperliquid does not require gas fees, but USDC deposits require ETH as a gas fee on the Arbitrum network.

How to Trade Perpetuals on Hyperliquid

Perpetual trading allows you to long or short an asset without owning it.

Steps:

1. Select token in trading menu

2. Determine the position: Long (price goes up) or Short (price goes down)

3. Enter position size according to leverage and collateral

4. Click Place Order, then confirm

How to Withdraw USDC from Hyperliquid

1. Click the Withdraw button onapp.hyperliquid.xyz/trade

2. Enter the USDC amount

3. Klik Withdraw to Arbitrum

4. No gas fees, just a $1 fee per withdrawal

Conclusion

Buying and selling crypto on Hyperliquid Dex is quite simple, either through a DeFi wallet or email login. Deposits, trading, and withdrawals are fast and secure, with relatively low fees.

For traders looking to experience a DEX with CEX-like performance, Hyperliquid could be an attractive option. However, always conduct your own research and use your funds wisely.

How to Buy Crypto on Bittime

Want to trade sell buy BitcoinsLooking for easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDRand other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visitBittime Blogto get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

How to start trading on Hyperliquid?

By logging in via DeFi wallet or email at app.hyperliquid.xyz.

What assets can be used for deposits?

USDC on Arbitrum, BTC, ETH, and some Solana assets like BONK or SOL.

Is there a gas fee for trading on Hyperliquid?

No. Only deposits require a gas fee.

How to withdraw USDC?

Click Withdraw, then send to Arbitrum. The fee is $1 per transaction.

Is Hyperliquid safe?

Yes, because it's non-custodial. Assets remain under the control of the user's wallet.