Hyperliquid Wallet Address Setup: OneKey Configuration Guide

Jan 26, 2026

Why “ wallet address setup ” matters on Hyperliquid

Hyperliquid sits at the center of a broader market shift: perpetuals are moving onchain fast, and traders increasingly want self-custody without giving up execution quality. In fact, industry data and reporting highlighted that perpetuals DEX activity accelerated sharply through 2025, reaching record volumes and making onchain derivatives a mainstream category (see Cointelegraph’s 2025 perp DEX volume recap and live market dashboards on DefiLlama’s Hyperliquid perps page).

That trend comes with a practical question every user must answer early:

Which wallet address actually controls your Hyperliquid account?
Which address should receive withdrawals?
Which network is used for deposits (and what assets are accepted)?

This guide walks you through a clean setup using OneKey as your signing device, so your private key stays offline while you trade.

Hyperliquid supports two onboarding paths (official overview: How to start trading | Hyperliquid Docs):

1) Connect with a DeFi wallet (recommended for OneKey)

You connect an EVM address you control.
You approve logins and actions by signing with your wallet.
This is the most natural fit for a hardware wallet workflow because the signing key can remain on OneKey.

2) Log in with email (convenient, but different key custody)

Hyperliquid creates an address for that email session.
If needed, you can export the private key later (official steps: Export your email wallet).

If your goal is hardware-backed control, the “ DeFi wallet ” route is the straightforward option.

Before you connect: secure your OneKey address strategy

A practical security pattern used by experienced onchain traders is:

One address for trading, separate from long-term cold storage.
Smaller working balances, frequent withdrawals, and clearer risk boundaries.

With OneKey, the core advantage is simple and powerful: your private key never needs to touch an internet-connected environment, which helps reduce the blast radius of phishing, malicious signatures, and device compromises.

Checklist before proceeding:

Ensure your OneKey is initialized securely (PIN / passphrase if you use one).
Use a dedicated account for Hyperliquid activity.
Be ready to confirm addresses carefully (especially when withdrawing).

Step-by-step: connect OneKey to Hyperliquid (WalletConnect workflow)

Step 1: use the official Hyperliquid web app

Open the official trading interface: app.hyperliquid.xyz

Security habit: bookmark the correct domain and always revisit via the bookmark (not ads, not DMs, not “airdrop checker” links).

Step 2: connect via WalletConnect

On Hyperliquid:

Click Connect
Choose WalletConnect
A QR code (or connection prompt) appears

On your OneKey companion wallet app:

Scan the WalletConnect QR
Review the connection request details
Confirm to establish the session

Step 3: verify the connected address

Once connected, Hyperliquid will display your wallet address in the UI. Verify it matches your intended OneKey account.

If you manage multiple accounts, this is the moment where most mistakes happen—connecting the wrong address means you’ll be looking at the wrong balances.

Deposits: USDC on Arbitrum (what you must get right)

Hyperliquid’s most common deposit path uses USDC on Arbitrum, and there are strict rules around what is accepted.

What Hyperliquid accepts for the native bridge

According to Hyperliquid support guidance, only USDC deposits from the Arbitrum network are supported for this route (details: Deposited via Arbitrum network (USDC)). If you send the wrong asset, it will not show up as a deposit.

Minimum deposit and how the bridge works (important)

Hyperliquid’s developer documentation for the Arbitrum bridge explains the flow and highlights a minimum deposit size (see Bridge2 | Hyperliquid Docs). In practice:

Plan to deposit more than the minimum to avoid edge cases.
Keep a small amount of ETH on Arbitrum for gas when depositing (trading itself is designed to be gasless in the interface; deposits are the common place you’ll need gas).

Step-by-step deposit flow

Acquire USDC on Arbitrum (and a bit of ETH on Arbitrum for gas).
In Hyperliquid, click Deposit (official path referenced in How to start trading).
Follow the prompts to deposit from Arbitrum.

If you need to bridge into Arbitrum first, you can start with the official Arbitrum bridge at bridge.arbitrum.io, then proceed to deposit into Hyperliquid.

(Optional) HyperEVM: add the network to your wallet for onchain apps

Hyperliquid includes HyperEVM, an EVM environment that can interact with the broader Hyperliquid state. If you want to use HyperEVM dApps, you can add the network to your wallet.

The official parameters are listed here: How to use the HyperEVM | Hyperliquid Docs

Network Name: Hyperliquid
Chain ID: 999
RPC URL: https://rpc.hyperliquid.xyz/evm
Currency Symbol: HYPE
Explorer (examples):
- https://hyperevmscan.io/
- https://www.hyperscan.com/

Tip: you can also add it via Chainlist, but still verify the chain details before saving.

Withdrawals and confirmations: what users often misunderstand

Two common user concerns are:

“ Why is my withdrawal a signature and not a normal onchain transaction? ”
“ Why is there a fixed fee instead of gas? ”

Hyperliquid’s bridge design includes a signature-based withdrawal flow described in Bridge2 | Hyperliquid Docs, and the user-facing withdrawal steps are summarized in How to start trading.

Practical guidance:

Always verify the destination address (ideally by pasting and re-checking the first / last characters).
Start with a small test withdrawal if it’s your first time withdrawing to that address.
Treat every signature request as security-critical—hardware wallets help because you can refuse unexpected prompts.

Troubleshooting: fast fixes for common address and deposit issues

Issue 1: deposit didn’t arrive

Most often this is because:

The asset was not USDC on Arbitrum, or
The amount was below the minimum requirement

Start with: Deposited via Arbitrum network (USDC)

If you logged in via email and need to move the key into a wallet you control, follow: Export your email wallet

Issue 3: gas spikes on HyperEVM

HyperEVM uses an Ethereum-style fee market, so congestion can push fees up. The official docs discuss this and reference EIP-1559 mechanics (see How to use the HyperEVM and the original EIP-1559 specification).

Why OneKey fits the Hyperliquid trading workflow

Hyperliquid makes onchain derivatives feel fast, but your wallet setup is still your security perimeter. Using OneKey for your Hyperliquid address helps you:

Keep the private key offline while interacting with web trading UIs
Reduce phishing risk by requiring explicit, reviewable confirmations
Separate “ trading capital ” from “ long-term holdings ” using dedicated accounts

If you’re trading perps regularly, that combination—high-frequency activity with strict key isolation—is exactly where a hardware wallet setup becomes worth it.