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Before getting started, you need a wallet with at least 50 USDC on the Arbitrum mainnet. Once you have the funds, you can go to the Hyperliquid App to deposit your coins. For each copy-trading order, we charge 0.05% builder fee.
What is Hyperliquid? Hyperliquid is a decentralized trading platform where you can trade crypto with leverage. Think of it as a crypto exchange that lets you amplify your trading power. It operates on the Arbitrum network, which means faster and cheaper transactions compared to the Ethereum mainnet.
What is Copy Trading? Copy trading lets you automatically copy the trades of experienced traders. When they open a position, your account opens the same position. When they close or adjust their trades, your account does the same. It's like having a pro trader manage your account, but you stay in control of your funds. This is perfect if you're new to trading or don't have time to analyze markets yourself.
Prerequisites: Hyperliquid Account Setup If you're new to Hyperliquid, first set up an account - think of this as your trading home where all your positions and orders live. Head over to Hyperliquid App and connect your wallet by clicking the "Connect" button in the top right corner.
Once connected, click the deposit button to transfer USDC from the Arbitrum mainnet to your account. Please only deposit USDC, and remember the minimum is 100 USDC for simpfor.fun
If you don't have funds on Arbitrum mainnet, you can use bridges like Uniswap to move USDC from different networks to Arbitrum. You can also withdraw directly to Arbitrum from exchanges (CEX) by selecting Arbitrum as the withdrawal chain.
Make sure you have some ETH in your Arbitrum wallet too, as it's needed for transaction fees when opening positions on Hyperliquid and for deposits!
Once you have USDC in your Hyperliquid account, head over to simpfor.fun to create your copy trading account.
Step 1: Create an Account Before getting started, every user must create an account on simpfor.fun, To create account visit the website simpfor.fun, you can use your Google email to sign up here.
Step 2: Create an agent wallet After creating your account, set up an agent account that can open and close positions for you. This agent doesn't have withdrawal rights, so your funds remain safe!
Step 3: Check your agent wallet Click on your agent wallet to view your balance and performance metrics.
