Hyperliquid is the leading decentralized exchange for perpetual futures, and you trade on it self-custodially, from your own wallet, with no account sign-up and no company holding your funds. The easiest way to trade Hyperliquid on mobile is inside the Tria app: open the Futures tab, pick Hyperliquid, choose your market and leverage, and go long or short. Here's the full walkthrough.
What is Hyperliquid?
Hyperliquid is a decentralized perpetual futures exchange built on its own purpose-made blockchain, running roughly 70% of all on-chain perps volume. It's fully self-custodial: you trade from a wallet you control, and no platform can hold or freeze your funds. For the complete background, see what is Hyperliquid.
How to trade on Hyperliquid: the basics
Trading on Hyperliquid means trading perpetual futures: leveraged long or short positions with no expiry date. Wherever you access it, the core steps are the same:
- Fund your balance with USDC, the collateral Hyperliquid uses.
- Pick a market (BTC, ETH, and hundreds more).
- Choose long or short, and set your leverage.
- Set your order type (market or limit) and your size.
- Add a take-profit / stop-loss if you want one.
- Confirm, then watch your margin and liquidation price.
- Close to take profit or cut a loss.
New to perps entirely? Start with how to trade perpetual futures and what leverage trading is.
How to trade Hyperliquid on Tria (step by step)
Tria has Hyperliquid built in, so you can trade it from your own self-custodial balance on your phone, with no separate account and no bridging. Here's exactly how:
- Open the Tria app and tap the Futures tab in the bottom menu.
- Select the Hyperliquid tab at the top of the screen (Decibel is the other venue).
- Choose your market, for example BTC/USDC.
- Set your margin mode and leverage, for example Cross and 20x.
- Pick Long or Short depending on which way you think the price will move.
- Choose your order type (Market for an instant fill) and enter your size in USDC.
- Add a TP/SL if you want: tap "+ Add TP/SL" to set a take-profit and stop-loss.
- Tap Buy/Long (or Sell/Short) to open the position.
Before you confirm, check the Liq. price and Margin fields so you know your liquidation level and what you're committing. Your margin stays under your keys the whole time, the trade executes on Hyperliquid, and your capital returns to your Tria balance when you close the position.
That's the whole point: you get the exact markets serious traders use, from an account that stays yours.
The risks (read this first)
Perpetual futures are leveraged, which makes them high-risk:
- Leverage amplifies losses as much as gains. A small move against a leveraged position can liquidate it.
- Liquidation is fast at high leverage: the bigger the multiplier, the closer your liquidation price sits to your entry.
- Costs add up: funding payments and fees erode a position held over time.
Use low leverage (2x-5x while you learn), always set a stop-loss, and never trade money you can't afford to lose. This is education, not financial advice.
Frequently asked questions
Is Hyperliquid self-custodial?
Yes. Hyperliquid runs on its own blockchain, and you trade from your own wallet, so your collateral stays under your private keys and no company holds your funds.
Do I need an account or KYC to trade on Hyperliquid?
Hyperliquid is a decentralized protocol you access with a self-custodial wallet, so there's no centralized sign-up like a traditional exchange. Availability and rules depend on your jurisdiction, so check what applies where you live.
How do I trade Hyperliquid on my phone?
The simplest way is through an app with Hyperliquid built in, like Tria: open the Futures tab, choose Hyperliquid, pick your market and leverage, and place a long or short order, all from your own self-custodial balance.
Can I trade Hyperliquid without giving up custody?
Yes, that's how Hyperliquid works, and it's how Tria trades it. With Tria, you trade Hyperliquid's markets from your own wallet, and your funds are never held by a company.
