Home / Wallet & Deposit Guide
Know which wallet to install, which chain to use, and which stablecoin to fund before you connect to a no-KYC perp DEX.
Do not connect your long-term storage wallet to a new trading app. Create a separate hot wallet for DEX trading, fund it with only the amount you are willing to trade, and keep a small amount of native gas token on the chains you use.
Best beginner wallets: Rabby, MetaMask and OKX Wallet. Rabby is the easiest for multi-chain trading because it clearly shows the chain, token approval and transaction simulation before you sign. MetaMask has the broadest support. OKX Wallet is convenient if you already use OKX for buying or withdrawing stablecoins.
| Exchange | Best Wallets | Common Funding Token | Common Route | Gas To Keep |
|---|---|---|---|---|
| Hyperliquid | Rabby, MetaMask, OKX Wallet | USDC | USDC from Arbitrum into the Hyperliquid app/L1 | ETH on Arbitrum for the source transaction |
| Aster | Rabby, MetaMask, OKX Wallet | USDT, USDC or supported stablecoin routes | BNB Chain, Arbitrum, Ethereum or Solana routes shown in the app | BNB, ETH or SOL depending on source chain |
| Lighter | Rabby, MetaMask | USDC | Deposit or bridge USDC through the Lighter app | ETH for Ethereum/L2 source transactions |
Deposit routes can change. Always trust the live deposit screen inside the official app over any static guide.
If you do not already own stablecoins, you usually need to buy USDC or USDT on a centralized exchange first, then withdraw to your own wallet. These exchanges are separate from the no-KYC DEXs covered on this site: most fiat on-ramps and CEX accounts require identity verification.
| Exchange | Official Site | Useful For | Before You Withdraw |
|---|---|---|---|
| Binance | binance.com | Broad stablecoin liquidity and many network withdrawal options. | Choose the exact chain your wallet and DEX route support. |
| OKX | okx.com | Good wallet integration and common USDT/USDC routes for Asian users. | Match the withdrawal network with Rabby, MetaMask or OKX Wallet. |
| Bybit | bybit.com | Common for derivatives users who already hold USDT. | Check whether the target DEX route prefers USDC or USDT. |
| Coinbase | coinbase.com | Easy USDC access for US and European users in supported regions. | Confirm withdrawal fees and supported networks before sending. |
| Kraken | kraken.com | Regulated fiat on-ramp for users who prefer a conservative CEX. | Withdraw only to a network you can control in your wallet. |
Simple path: buy USDC or USDT on a CEX, withdraw it to a fresh Rabby/MetaMask/OKX Wallet address on the right chain, keep gas for that chain, then deposit through the official Hyperliquid, Aster or Lighter app.
Hyperliquid is the simplest if you already have USDC on Arbitrum. Connect a wallet, open the official Hyperliquid app, choose deposit, and follow the app's route into Hyperliquid's trading environment. USDC is the standard collateral for perpetual trading.
New users should send a small test amount first. After it appears in the app, place a tiny low-leverage order before moving larger funds.
Aster is more flexible because it supports multiple chains and a broader product set. That flexibility is useful, but it also means you should slow down and match the exact chain and token shown on the deposit page.
If your goal is to trade gold, forex or stock perpetuals, Aster is often the most direct route. Start in the simple trading mode before using Pro or high-leverage features.
Lighter is designed around USDC collateral and zero-fee retail trading. Connect a supported EVM wallet, use the deposit screen to move USDC into the Lighter trading account, and confirm the source chain and gas requirement before signing.
Because Lighter is fee-sensitive, it is attractive for active traders. But you should still check order-book depth on the exact market you plan to trade.
Install Rabby or MetaMask, fund a fresh wallet with a small amount of USDC, deposit through the official app, place a tiny low-leverage order, close it, withdraw a small amount, and only then scale up.
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