How do you deposit on Hyperliquid?

Depositing on Hyperliquid means moving collateral, usually USDC, into your account on HyperCore, the trading layer of the Hyperliquid blockchain. The basic steps are to connect a wallet or sign in by email, then send USDC or another supported asset using the method the app shows. What Hyperliquid is and how its perpetual futures work are covered in what is Hyperliquid.

How do you use Hyperliquid for the first time?

According to Hyperliquid's onboarding guide, you start with an EVM wallet such as Rabby, MetaMask, WalletConnect or Coinbase Wallet, or you log in with an email address and a six-digit code. With a wallet, you click Connect, approve the connection, then click Enable Trading and sign a gas-free message.

The docs remind users to keep the wallet's recovery phrase private and offline. Hyperliquid is a perp DEX, so funds sit under the control of the wallet you connect rather than an exchange login.

How do you deposit USDC on Hyperliquid?

With a connected wallet, the guide says you need USDC and some ETH on Arbitrum. You enter an amount, click Deposit and confirm in your wallet. The ETH pays the Arbitrum gas for that step.

Email users get a deposit address instead. The docs say USDC can be sent to it from Arbitrum, Ethereum, Base or Polygon, or from a centralized exchange, and it arrives as USDC on HyperCore. Other assets such as BTC, ETH and SOL can also be sent to the addresses shown and then sold for USDC inside Hyperliquid. Each asset must go over the chain the app lists for it, for the reasons explained in what happens if you send crypto on the wrong network.

How does the Hyperliquid bridge from Arbitrum work?

The original route is a bridge contract on Arbitrum. The docs say native USDC sent to it is credited to the sending account in under a minute. The minimum is 5 USDC, and smaller amounts are not credited and are lost for good.

That bridge is now marked as deprecated. Hyperliquid's USDC page says USDC is natively minted on the Hyperliquid chain, and that Circle's Cross-Chain Transfer Protocol (CCTP) is the preferred way to bring it in because it supports more chains. Circle lists HyperEVM among its native USDC and CCTP networks, as covered in what networks is USDC on. The docs say the legacy bridge now holds less than 10% of USDC on HyperCore.

How do you withdraw from Hyperliquid?

You click Withdraw on the trade page and follow the steps. The onboarding guide says small gas fees may apply depending on the chain and method. For the Arbitrum bridge, you sign a message on Hyperliquid only, validators handle the Arbitrum side, and funds arrive in about three to four minutes, according to the bridge docs. Withdrawing to an exchange requires that the exchange supports the same network.

Leveraged trading can lose more than you expect, very quickly, and crypto tokens can lose most of their value.