Hyperliquid referral code
Hyperliquid referral code 10DISCOUNT gives you a 4% discount on eligible trading fees for your first $25 million in volume. It is a fee reduction, not a cash bonus and not a 10% discount.
Affiliate link. Note: investing is risky. You can lose part or all of your deposit.
- 4% discount on fees for the first $25 million in volume
- On-chain spot and perpetual futures trading
- Wallet-based access without standard exchange KYC
- No MiCA exchange licence or European customer protection
Hyperliquid is an on-chain trading protocol for spot markets and perpetual futures. You connect a wallet instead of opening a conventional exchange account. This makes access fast, but it also puts more responsibility on you for wallet security, transaction signing and risk management.
If you are interested in the asset rather than leveraged trading, see how to buy Hyperliquid.
Hyperliquid referral offer in short
| Hyperliquid referral code | 10DISCOUNT |
| Discount | 4% off eligible trading fees. |
| Volume limit | The first $25 million in eligible trading volume. |
| Products | Spot markets and perpetual futures; the discount does not apply to every product or subaccount. |
| KYC | Wallet-based access without standard exchange KYC, subject to geographic and legal restrictions. |
| Last checked | 15 August 2026 |
Working Hyperliquid codes in 2026
| Offer | Code |
|---|---|
| 4% off eligible trading fees | 10DISCOUNT |
How the 4% discount works
The referral discount reduces eligible trading fees by 4% until your cumulative qualifying volume reaches $25 million. The discount does not reduce funding payments, slippage, liquidation losses, network costs or bridge fees.
At the base fee tier, the difference looks like this:
| Market | Standard maker fee | With 4% off | Standard taker fee | With 4% off |
|---|---|---|---|---|
| Perpetual futures | 0.015% | 0.0144% | 0.045% | 0.0432% |
| Spot | 0.040% | 0.0384% | 0.070% | 0.0672% |
These are examples based on the base schedule. Volume tiers, staking discounts and protocol changes can alter the live rate. Check the fee page in the app before placing an order.
How to apply code 10DISCOUNT
How to use the Hyperliquid referral code 10DISCOUNT
Open the referral link
Use the button on this page to open Hyperliquid with code 10DISCOUNT.
Connect a compatible wallet
Use a wallet you control. Check the domain carefully and never share your recovery phrase or private key.
Confirm the referral code
Check the Referrals section before trading and make sure 10DISCOUNT and the 4% fee discount are visible.
Deposit a small amount first
Bridge or deposit supported collateral, verify the network and test the process with an amount you can afford to lose.
Trade within your risk limit
The discount is applied to eligible fees until you reach the volume cap. Funding, slippage and liquidation losses are not discounted.
Do not connect a wallet through an advertisement or an unfamiliar copy of the website. Bookmark the correct domain, inspect every signature request and use a separate wallet with limited funds for active trading.
Trading without traditional KYC
Hyperliquid does not ask users to create a standard custodial exchange account or complete the usual exchange KYC flow. You trade through a connected wallet.
That does not mean everybody may legally use the protocol. The interface can restrict countries and your local tax, derivatives and sanctions rules still apply. No-KYC access is also not the same as privacy: blockchain transactions and wallet activity are publicly traceable.
Main Hyperliquid risks
Perpetual futures can be leveraged. A relatively small market move can liquidate a position, and funding payments can make a trade expensive even when the headline fee is low.
Other risks include:
- smart-contract or protocol exploits;
- oracle or liquidation failures during volatile markets;
- bridge and network risk when moving collateral;
- wallet phishing and malicious signatures;
- stablecoin depegging;
- front-end restrictions and changing regulation.
Hyperliquid does not hold a MiCA exchange licence. It should therefore not be treated as a European regulated alternative to Bitvavo, OKX or Bybit EU. Only deposit an amount you understand how to recover and can afford to lose.