The best Hyperliquid wallet keeps your funds in self-custody, reaches every market on the platform, feels like a normal trading app and charges a low builder fee. We built Based to lead on all four, and on fees you can check the numbers yourself below.
Some context first. Hyperliquid has grown into one of the largest places to trade perpetual futures anywhere, centralised exchanges included. But Hyperliquid is the venue: the order book and the chain underneath. You don't touch it directly. You trade through a wallet, and the wallet decides what the whole experience feels like.
Custody: who holds your money
Start here, because custody decides what can go wrong while you sleep. On a centralised exchange the exchange holds your balance, and history shows how that can end. A proper Hyperliquid wallet is self-custodial: your USDC sits under keys only you control, and trades execute against the order book without any company taking possession of your funds in between.
Based is a self-custody wallet. It isn't a broker and it isn't an exchange. Your margin stays in your wallet until a trade executes, and profits land back under your keys. The cost is that nobody can reset your password, so write down the recovery phrase. What self-custody means goes deeper.
Coverage: everything on Hyperliquid, in one place
Hyperliquid isn't only a crypto venue anymore. Builders deploy their own markets on the same engine, which is where stock perps come from. The span now runs from BTC, ETH, SOL, DOGE, ENA, XPL and CASHCAT perps to stock markets on Micron, SK Hynix, Samsung, Intel, Nebius and Cerebras, plus SpaceX and names that are hard to reach from abroad, like ChangXin Memory and Unitree.
Based connects you to all of it from one wallet, quoted in USD and open 24/7, weekends included. The wallet that trades HYPE at noon can trade SanDisk earnings at 6pm and Korean memory news at 3am. One wallet and one USDC balance, instead of an account per asset class.
Feel: built for people who just want to trade
Raw protocol interfaces work, but they were built by and for people who enjoy that sort of thing. Most people want a trading app: clear prices, a position screen that shows your liquidation level before you need it, and buttons that do what they say.
That's the design brief for Based. It runs on iOS, Android and the web, it onboards like a normal finance app, and the markets read like a watchlist. Underneath, it's all Hyperliquid. More than 100,000 users have pushed over $44 billion in lifetime volume through it.
Fees: flat, public and close to the floor
Every Hyperliquid wallet charges the protocol's trading fee plus its own builder fee on each fill, so the builder fee is where wallets differ. On Hyperliquid perps, Rabby charges 0.04%, Phantom 0.05%, and MetaMask and Trust Wallet 0.1%. Based charges 0.025% on crypto perps, the lowest of the major wallets. On stock perps, which run in growth mode, Based takes 80% off, to 0.005%. It is the only major wallet that discounts them. The full comparisons go beyond fees.
In dollars: on a $10,000 crypto perp fill, the Based builder fee is $2.50, against $4 through Rabby, $5 through Phantom and $10 through MetaMask or Trust Wallet. On a $10,000 stock perp fill it drops to $0.50, while the others charge the same as for crypto. Whichever market you trade, no major wallet is cheaper.
Staking HYPE discounts the Hyperliquid side of the fee, and staking BASED discounts the Based side, with the highest tier removing the builder fee entirely. The full schedule is on the fees page, so you can check every number before you trade.
0.025%
Based builder fee on crypto perps, the lowest of the major Hyperliquid wallets
80% off
Stock perps on Based cost 0.005%. No other major wallet discounts growth-mode markets.
| Wallet | Builder fee | On a $10,000 trade |
|---|---|---|
| Based | 0.025%$2.50 | |
| Rabby | 0.04%$4.00 | |
| Phantom | 0.05%$5.00 | |
| MetaMask | 0.1%$10.00 | |
| Trust Wallet | 0.1%$10.00 |
| Wallet | Builder fee | On a $10,000 trade |
|---|---|---|
| Based | 0.005%$0.50 | |
| Rabby | 0.04%$4.00 | |
| Phantom | 0.05%$5.00 | |
| MetaMask | 0.1%$10.00 | |
| Trust Wallet | 0.1%$10.00 |
Which wallet to pick
If you want a self-custodial wallet with Hyperliquid's full market span, a normal app and the lowest builder fees on both crypto and stock perps, Based is built for exactly that, and we think it's the best wallet for the job. To judge for yourself, the Hyperliquid guide explains the venue and the getting started guide walks through a first trade.
Whichever wallet you choose, what you trade on Hyperliquid is a perpetual future, a derivative that tracks the price. You don't get the shares or coins, dividends or voting rights. Positions can be liquidated if the price runs against you, and funding fees apply while they're open.