How to create a Hyperliquid account and apply a fee discount

There is nothing to sign up for

This trips people up who come from centralised exchanges. There is no registration page, no password, no email confirmation and no identity check. Your account is your wallet address. The first time you connect, the exchange simply starts tracking state for that address.

That has a practical consequence worth internalising: whoever controls the wallet controls the account. There is no password reset and no support desk that can restore access. Back up your recovery phrase before you put money anywhere near it.

The one step you cannot redo

The discount is 4% off your trading fees, covering your first $25M of volume. It applies from your very first order, needs no volume history and no staked tokens, and it stacks with the volume tiers and staking discounts. It does not apply to vaults or sub-accounts, because the clearinghouse treats those as separate accounts.

We benefit if you use ours, and we would rather you understood the terms than clicked in a hurry. The full terms page lays out exactly what it does and does not cover.

Route one: connect a wallet

1. Install an EVM wallet

   Rabby and MetaMask are the common choices. Rabby previews what you are signing and switches networks for you, which prevents a category of mistakes. Coinbase Wallet, Trust and WalletConnect-compatible mobile wallets also work.

   Record your recovery phrase on paper before continuing. Anyone with that phrase has your funds.

   You should see a browser extension with a funded, backed-up wallet

2. Open the app through a referral link

   Do this before trading, not after. You can also type a code manually on the referrals page.

   You should see the referrals page showing the code attached to your address

3. Click Connect and approve

   Your wallet asks whether to connect to the site. This step shares only your address.

   You should see your address shortened in the top-right corner

4. Click Enable Trading and sign

   A gas-free signature registers an agent so the interface can submit orders without a pop-up per order. It cannot move funds out of your account.

   You should see the order ticket becoming active

Route two: log in with an email address

Newer, and much less written about. Click Connect, enter an email address, and type the six-digit code that arrives. There is no signature step and no extension to install.

Behind the scenes this creates a wallet for you. You can export its key later, which matters: until you do, your access depends on continued access to that mailbox. Treat it as a convenient way to start rather than a long-term custody plan for a serious balance.

Which route to choose

	Wallet	Email login
Setup time	Two to five minutes	Under a minute
Who holds the keys	You, from the start	Generated for you, exportable
Works with a hardware wallet	Yes	No
Good for	Any size, long term	Trying it out, small balances
Recovery if you lose access	Your recovery phrase	Access to the mailbox, then export

Sub-accounts and vaults are separate accounts

Once you are set up you will see options for sub-accounts and vaults. Both are useful for keeping strategies apart, and both come with a catch on cost: the clearinghouse treats them as independent accounts, so a referral discount attached to your main address does not extend to them.

What comes next

Funding the account is the next step, and it now supports considerably more chains than most guides mention. If you are still choosing a wallet, our wallet comparison covers what each one does well.