Hyperliquid on NAFH - Complete FAQ & Setup Guide
Everything you need to know about trading Hyperliquid through NAFH. From how the DEX works to step-by-step API connection - your complete guide to getting started.
About Hyperliquid
What is Hyperliquid?
Hyperliquid is a high-performance, fully on-chain decentralised exchange (DEX) launched in 2023. Unlike centralised exchanges, every trade is executed and recorded directly on-chain - transparent, verifiable, and fully non-custodial. Your funds never sit with an intermediary. It has grown into one of the largest decentralised perpetual trading protocols, controlling over 20% of the market share of decentralised crypto perps trading, with over $7.5 billion in daily trading volume and more than 1.4 million traders.
How does Hyperliquid work technically?
Hyperliquid runs on HyperEVM, a high-performance EVM-compatible Layer-1 blockchain built for cost-efficiency and instant transaction execution. It uses the HyperBFT consensus algorithm designed for instant finality - essential for high-frequency trading. The trading engine, HyperCore, handles order matching, remittances, staking, vaults, and risk management like liquidations, and is capable of processing up to 200,000 transactions per second.
What can I trade on Hyperliquid?
Hyperliquid supports perpetual contracts for over 100 crypto assets with up to 50x leverage. It operates a CEX-style order book where orders are matched by time and price priority.
What are the fees on Hyperliquid?
Hyperliquid charges a 0.01% maker fee and 0.045% taker fee. No gas fees are charged for interactions with HyperEVM - making it cost-effective compared to most centralised and decentralised alternatives.
Is Hyperliquid safe?
Hyperliquid has not reported any significant security breach since it launched. The platform inherits blockchain-level security through HyperEVM and HyperCore. As a best practice, disconnect your wallet after use and revoke approvals when not actively trading.
What is the HYPE token?
HYPE is the native token of the Hyperliquid ecosystem. It can be staked on the network for economic security and is used to govern the protocol through HypeDAO.
Is Hyperliquid available in my country?
Hyperliquid is accessible in most countries globally. It is restricted in the United States, the UK, Ontario (Canada), and Belgium. This is precisely why NAFH has integrated Hyperliquid - members in countries where some exchanges are restricted can now access professional trading through Hyperliquid instead.
Does Hyperliquid have a mobile app?
Hyperliquid does not have a native mobile application. It can be used with hardware wallets via MetaMask integration or WalletConnect.
Why NAFH is Adding Hyperliquid
Why is NAFH launching Hyperliquid trading?
Two key reasons. First, Hyperliquid gives our professional traders access to on-chain data that centralised exchanges can't provide - real-time wallet flows, liquidation levels, and transparent order book depth - giving our team a genuine edge. Second, it opens NAFH's trading to members in countries where some exchanges are restricted or unavailable. No one should miss out simply because of where they live.
Can I trade on Hyperliquid through NAFH at the same time?
Yes. Both platforms run independently within NAFH. You can have active trading on both simultaneously - they don't interfere with each other. Members can add Hyperliquid as an additional trading environment.
Do I need to move my USDT from my exchange?
No. Your exchange account stays completely untouched. Hyperliquid requires its own separate USDC deposit, but nothing is affected on your exchange side.
Security & Funds
Can NAFH withdraw my funds from Hyperliquid?
No - never. NAFH connects via an agent wallet API. Our team can execute trades fully on your behalf, but cannot withdraw, transfer, or move your funds under any circumstances. Your assets stay safe on the DEX at all times.
What is an agent wallet?
A sub-wallet generated inside Hyperliquid's API settings. It lets NAFH execute trades on your behalf without access to your main wallet or funds - a trading key, not a withdrawal key.
Is my private key safe to share with NAFH?
The key you share is your agent/API wallet private key only - never your master wallet private key. It can only place and manage trades. It cannot move or withdraw funds. NAFH will never ask for your master wallet private key. If anyone claiming to be from NAFH asks for it, do not share it and contact support immediately.
What wallet do I need?
Any EVM-compatible wallet such as MetaMask. This is what you use to log in to Hyperliquid and holds your Master Wallet Address.
How long does the API connection last?
180 days (the maximum). We will notify you before renewal is due.
Getting Started
Is Hyperliquid suitable for beginners?
Hyperliquid is best suited for members who have a working understanding of crypto trading. The platform does simplify many blockchain operations, but perpetual/futures trading carries significant risk regardless of platform. NAFH's trading team handles all execution on your behalf - you don't need to trade manually.
What if I already have a Hyperliquid account?
Skip Part 1 and go straight to the API setup in Part 2. Just make sure your account is funded first.
Setup Guide
Part 1 - Create Your Hyperliquid Account
- Download MetaMask from metamask.io and create a new wallet. Store your seed phrase somewhere safe - never share it with anyone.
- Go to app.hyperliquid.xyz in your browser.
- Click Connect Wallet and select MetaMask. Approve the connection request.
- Navigate to the deposit section and transfer USDC (Arbitrum Network) into your Hyperliquid account. This is the capital NAFH's trading team will trade on your behalf.
Your account is ready. Proceed to Part 2.
Part 2 - Connect Hyperliquid to NAFH
- Go to app.hyperliquid.xyz. Click More in the navigation, then select API.
- In the API wallet name field, enter NAFH. Click Generate to create your agent wallet.
- In this exact order:
- Click Max on the Days Valid field (sets it to 180 days)
- Copy your API Wallet Address
- Copy your Private Key
- Click Authorize
- In your NAFH account, go to Account API Keys Hyperliquid and fill in all four fields:
- Master Wallet Address - your main Hyperliquid wallet (0x...)
- API Wallet Address - the agent wallet address from Step 3 (0x...) - not the same as your master wallet
- Hyper API Private Key - your agent wallet private key from Step 3 - never enter your master wallet private key here
- API Validity Days - enter 180 or click Max (180)
- A signature request will appear in MetaMask. Confirm it. No funds move - this is a signing action only.
You're all set. NAFH handles everything from here.
You Are Always in Control
NAFH manages your agent wallet to execute trades on your behalf - but we cannot withdraw funds under any circumstances. Your assets stay safe on the DEX at all times.
Questions? support@nafhcircles.com or raise a support ticket from your backoffice.