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Do I need to connect an external decentralised wallet to copy Hyperliquid Leaders on BitMEX?

  • Updated

No. You do not need to connect a Web3 wallet, create a Hyperliquid account, or bridge any funds to copy Hyperliquid Leaders on BitMEX. Everything operates within your existing BitMEX account. You deposit funds on BitMEX and all copied trades execute on BitMEX.

Do I Need a Web3 Wallet or Hyperliquid Account?

No. Copying Hyperliquid Leaders on BitMEX does not require any external wallet connection, Hyperliquid account, or interaction with the Hyperliquid platform.

Trading directly on Hyperliquid requires setting up a Web3 wallet (such as MetaMask or Rabby), bridging USDC from Arbitrum to Hyperliquid L1, managing seed phrases, and accepting full responsibility for wallet security. With BitMEX Hyperliquid Copy Trading, none of this is needed.

Your funds stay on BitMEX at all times. When you start copying a Hyperliquid Leader, funds transfer from your main BitMEX account into a dedicated Copy Trading Sub Account. All replicated trades execute on BitMEX. The Hyperliquid Leader’s on-chain activity is monitored by BitMEX and translated into trades within your account.

This means you benefit from BitMEX’s institutional-grade security, including an 11+ year operational track record and 24/7 customer support. You avoid the risks associated with self-custody, such as losing seed phrases, signing malicious transactions, or suffering losses during blockchain downtime with no recourse.

What Do I Need to Start Copying Hyperliquid Leaders?

To start copying Hyperliquid Leaders, you need three things:

  1. A verified BitMEX account. Complete the sign-up and user verification process at bitmex.com.
  2. A minimum deposit of 100 USD. Deposit in USDT, BTC, or BMEX. Funds are held in your BitMEX account.
  3. Select a Hyperliquid Leader. Navigate to the Copy Trading Marketplace, filter for Hyperliquid Leaders, and configure your copy settings (capital allocation, Stop Loss, Take Profit).

No Web3 wallet. No bridging. No gas fees. No seed phrases. The entire process takes place within the BitMEX platform.

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