Is Hyperliquid custodial? Who holds your funds?
No. Hyperliquid is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 3 sources- Users trade from their own wallet against onchain order books on the Hyperliquid L1. Deposits from other chains are bridged; some (BTC, ETH, SOL and others) are handled by Unit Protocol per the support docs.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 4 reported incidents for Hyperliquid on its legit check.
Sources: Hyperliquid Docs: Fees · Hyperliquid Docs: Referrals · Hyperliquid Docs: Builder codes. The venue's own page wins if it disagrees with ours.
Hyperliquid
Perp DEX · 0.09% round trip. Hyperliquid is a layer-1 blockchain whose HyperCore layer runs fully onchain perpetual futures and spot order books, with a HyperEVM smart-contract layer alongside. It targets active perps traders who want order-book trading from a self-custodied wallet.
Full Hyperliquid sheet: fees, custody, incidents →