Hyperliquid is a leading decentralized perpetuals exchange, offering traders sub-second execution, up to 40x leverage, and fully on-chain order books. With its deep liquidity, user-friendly interface, and gasless transactions, it’s no wonder why traders are flocking to the platform. One of the best ways to enhance your trading experience on Hyperliquid is by using a referral code. In this detailed guide, we’ll cover everything you need to know about Hyperliquid referral codes, including why they’re valuable, what benefits they offer, and how to use them effectively.
use “VIPTRADER” to unlock 4% fee discount
Start Hyperliquid: https://app.hyperliquid.xyz/join/VIPTRADER
What is Hyperliquid?
Hyperliquid is a decentralized crypto derivatives exchange designed for high-performance trading. It supports over 100 assets, including BTC, ETH, SOL, and more, with daily trading volumes often exceeding $1.5 billion. Key features include:
- No KYC Required : Trade anonymously using a wallet-based onboarding process.
- Gasless Transactions : Enjoy trading without worrying about gas fees.
- High Leverage : Access up to 40x leverage for amplified trading opportunities.
- On-Chain Order Books : Benefit from transparent and secure trading.
Hyperliquid’s referral program is a key feature that incentivizes both new users and existing traders to grow the platform’s community while saving on costs.
What is a Hyperliquid Referral Code?
A Hyperliquid referral code is a unique identifier that new users can enter when signing up for an account. This code unlocks a discount on trading fees for the new user and provides the referrer with a commission based on the referred user’s trading activity. The program is designed to be a win-win: new traders save money, and referrers earn passive income.
Referral codes can be found through various sources, such as friends, trading communities, or online platforms. Examples include code “VIPTRADER” , which offer the standard 4% fee discount. Some codes may advertise additional perks, but these are often promotional and not guaranteed.
Why Do You Need a Referral Code?
Using a referral code on Hyperliquid offers several compelling benefits:
- Cost Savings : The primary reason to use a referral code is the 4% discount on trading fees for your first $25 million in trading volume. This can significantly reduce costs, especially for active traders.
- Community Support : By using a referral code, you support the person who shared it, as they earn a percentage of your trading fees. This fosters a collaborative trading community.
- Potential Extra Rewards : Some referral codes may offer additional bonuses, such as a $100 sign-up bonus or 30% cashback on fees, though these are not part of the standard program and may be limited-time offers.
- Airdrop Opportunities : Active participation, including using referral codes, may contribute to earning points for potential future airdrops, as Hyperliquid has hinted at community rewards.
For high-volume traders, the savings from a referral code can add up quickly, making it a no-brainer to use one when joining the platform.
Benefits for New Users (Joined Users)
When you sign up for Hyperliquid using a referral code, you receive:
- 4% Discount on Trading Fees : This discount applies to both spot and perpetual futures trades for your first $25 million in trading volume. It does not apply to vaults or sub-accounts, as these are treated as separate entities in Hyperliquid’s clearing system.
- Visible Savings : The discount is automatically applied and displayed as “Referral Discount” in your order history, ensuring transparency.
- Permanent Application : Once you set a referral code, it’s locked in for your account, so you can’t change or remove it later.
Benefits for Referrers
If you’re an existing Hyperliquid user, referring others can be a lucrative opportunity. The benefits include:
- 10% Commission on Referred Users’ Fees : You earn 10% of the trading fees (minus the referred user’s discount) for their first $1 billion in trading volume. For example, referring a high-volume trader could yield up to $30,000 in commissions.
- Requirement to Become a Referrer : You must trade at least $10,000 in total volume to create your own referral code. This ensures only active traders can participate in the referral program.
- Passive Income Potential : The more active traders you refer, the more you can earn, especially if they trade large volumes.
To maximize earnings, share your referral code through trading communities, social media, or personal networks. Hyperliquid allows you to create a unique referral link (https://app.hyperliquid.xyz/join/VIPTRADER) for easy sharing.
How Much is the Discount?
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The standard referral discount is 4% on trading fees for the first $25 million in trading volume. As shown in the table above, this translates to:
- $18 saved on $1 million traded.
- $180 saved on $10 million traded.
- $450 saved on $25 million traded (the maximum discount).
For traders who reach VIP tiers, the savings can be even more significant. For example, at VIP 1 (0.040% taker fee) with $10 million traded, you’d pay $3,840 instead of $4,000, saving an additional $160 on top of the referral discount.
How Much is Supported?
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- For New Users : The 4% discount applies to your first $25 million in trading volume. After reaching this cap, you’ll pay standard fees or benefit from VIP tier discounts based on your 14-day trading volume.
- For Referrers : You earn 10% of the referred user’s fees for their first $1 billion in trading volume. This generous cap allows referrers to earn substantial commissions from active traders.
- Exclusions : Referral discounts and rewards do not apply to vaults or sub-accounts, as these are treated as independent accounts in Hyperliquid’s system.
How to Use or Get a Referral Code
For New Users
- Visit the Referrals Page : Go to Hyperliquid’s referrals page.
- Enter a Referral Code : Input a code “VIPTRADER”. You can find codes through trading groups or online platforms.
- Sign Up and Trade : Complete the signup process, deposit funds (e.g., USDC via Arbitrum), and start trading to enjoy the 4% fee discount.
For Existing Users (Referrers)
- Meet the Volume Requirement : Trade at least $10,000 in total volume on Hyperliquid.
- Create Your Code : Visit Hyperliquid’s referrals page to generate your unique referral code.
- Share Your Code : Distribute your code or referral link (e.g., app.hyperliquid.xyz/join/VIPTRADER) via social media, trading communities, or personal networks.
- Earn Commissions : Start earning 10% of the trading fees from users who sign up with your code.
Tips for Success
- Choose a Memorable Code : Since referral codes are permanent, pick one that’s easy to share and remember.
- Verify Code Benefits : Some codes may advertise additional bonuses (e.g., $100 or 30% cashback), but these are not part of the standard program and may be outdated or specific to certain promotions. Always check the terms on Hyperliquid’s official site.
- Stay Active : Regular trading and referring others can also contribute to earning points for potential airdrops, as Hyperliquid has reserved 38.888% of its HYPE token supply for community rewards.
Conclusion
The Hyperliquid referral program is a fantastic way to save on trading fees while supporting the platform’s vibrant community. New users can enjoy a 4% discount on fees for their first $25 million in trading volume, potentially saving up to $450. Referrers, meanwhile, can earn 10% of their referred users’ fees for up to $1 billion in volume, making it a lucrative opportunity for active traders.
With its high-performance trading, deep liquidity, and user-friendly features, Hyperliquid is a top choice for crypto traders. By using a referral code, you can enhance your trading experience and reduce costs from the very first trade. Whether you’re a new user looking to save or an existing trader aiming to earn passive income, the Hyperliquid referral program has something for everyone.
Start trading today with a referral code and unlock the full potential of Hyperliquid’s decentralized exchange!