Crypto traders are always searching for ways to reduce trading costs and improve profitability. One of the easiest ways to save money while trading on Hyperliquid is by using a referral code. The referral code “VERMA” is promoted as giving users a 4% discount on trading fees, helping traders lower costs on both spot and perpetual trades.

This guide explains how to use the Hyperliquid referral code “VERMA,” how the referral system works, and what traders should know before activating the discount.

What is Hyperliquid?

Hyperliquid is a decentralized crypto exchange focused on perpetual futures trading. Unlike centralized exchanges, Hyperliquid allows users to trade directly from their crypto wallets while still providing fast execution and deep liquidity.

The platform is known for:

High-speed order execution
On-chain transparency
No traditional KYC signup process
Advanced perpetual futures trading tools
Low-latency decentralized infrastructure

Official website:
Hyperliquid Official Website

What is Referral Code “VERMA”?

The referral code “VERMA” is an invite code promoted for users who want reduced trading fees on Hyperliquid.

According to Hyperliquid’s official referral documentation, users who apply a referral code receive a 4% discount on fees for their first $25 million in trading volume.

Many independent guides also describe this as a “lifetime” fee discount because the referral relationship remains linked to the wallet address after signup.

Step-by-Step: How to Use Hyperliquid Referral Code “VERMA”

Using the referral code is simple and only takes a few minutes.

Step 1: Visit the Official Hyperliquid Platform

Go to the official Hyperliquid website:

https://hyperliquid.xyz

Always verify the URL carefully to avoid phishing websites or fake referral pages.

Step 2: Connect Your Crypto Wallet

Hyperliquid does not use traditional email registration.

Instead, you connect a Web3 wallet such as:

MetaMask
Rabby Wallet
Coinbase Wallet
WalletConnect-supported wallets

After connecting your wallet, you will sign a wallet authorization message.

Step 3: Open the Referral Section

Look for one of the following sections:

Referral Code
Invite Code
Rewards
Referrals

The official referral page is also available here:
Hyperliquid Referrals Documentation

Step 4: Enter Referral Code “VERMA”

Type the code exactly as shown:

VERMA

Then confirm or activate the referral.

According to Hyperliquid’s official documentation, referral discounts are generally applied only during initial account creation or first wallet connection.

Step 5: Start Trading

After activation:

Your eligible trading fees should be reduced automatically
The discount applies to supported trading activity
Savings are reflected during spot and perpetual trades

Hyperliquid documentation confirms that referral discounts apply to a user’s first $25 million in trading volume.

Why Traders Use Referral Codes

Using referral codes like “VERMA” can provide several advantages:

1. Lower Trading Costs

Every trade has fees attached. A 4% reduction helps reduce overall expenses.

2. Better Long-Term Profitability

Active traders who place frequent trades can save a noticeable amount over time.

3. Helpful for High-Volume Traders

Scalpers and futures traders benefit the most because they execute many transactions daily.

4. Works Automatically

Once activated, the discount is usually applied automatically without needing additional steps.

Important Things to Know
Referral Discounts May Be Limited

Official Hyperliquid documentation states that referral discounts apply to the first $25 million in trading volume.

Referral Codes Cannot Usually Be Added Later

Several guides mention that referral codes must be used during the initial signup process and cannot normally be added afterward.

Promotions Can Change

Referral structures and fee discounts may change depending on Hyperliquid platform updates.

Risk Reminder

While referral discounts help reduce fees, trading crypto futures still carries substantial risk.

Users should be aware of:

Market volatility
Liquidation risk from leverage
Potential loss of capital

Always use proper risk management strategies, including stop-loss orders and careful position sizing.

Final Thoughts

The Hyperliquid referral code “VERMA” is promoted as a way to receive 4% off trading fees while using Hyperliquid. Using the code is simple: connect your wallet, enter the referral code during signup, and begin trading with reduced fees.

Official Hyperliquid documentation confirms that referral users can receive a 4% fee discount on eligible trading volume.

For active traders, even small fee reductions can improve long-term profitability, making referral codes a useful tool for reducing overall trading costs.