HYPE to BTC: Swap Hyperliquid on HyperEVM for Bitcoin, No KYC

HYPE is the native token of Hyperliquid, a layer 1 built for an on-chain perpetuals exchange. On GhostSwap it is sent and received on HyperEVM, Hyperliquid's EVM chain, and that is the one detail worth settling before anything else.

Your wallet should list the network as HyperEVM when you send, and the coin has to be at a 0x address you control there. The deposit address you get for this swap expects HYPE on that chain, and nothing else.

Why swap it to Bitcoin? HYPE ties you to one venue and one chain built around derivatives activity. Bitcoin is a separate proof-of-work network, widely held as a long-term store of value. Some holders use this route to move gains out of the token behind the venue they use. Whatever your reason, you end up with native BTC on Bitcoin, with no bridge or wrapped version along the way.

Many HYPE holders first see their coins in the Hyperliquid trading interface. A figure shown there is not automatically something a wallet can send on HyperEVM. Before you start, open Rabby or MetaMask, switch to HyperEVM and read the HYPE balance as that wallet reports it.

If it is lower than you expected, or zero, the coins are likely still on the trading side. Transfer them over to HyperEVM using Hyperliquid's own interface, and wait until they appear in the wallet. Only then ask for a quote.

You can double-check with HyperEVMScan by searching your 0x address. If the explorer shows your HYPE, it is ready to send. A confirmed balance there also tells you which sender address to enter, since the funds must leave from that same wallet. Any stake or open position needs closing first, as only free HYPE can be transferred.

HyperEVM addresses start with 0x followed by 40 hexadecimal characters, the same shape as Ethereum ones. Your MetaMask or Rabby address can even be identical on both. So the address alone tells you nothing about the network; the network selector in your wallet does.

Fees are where the difference shows. The network fee on HyperEVM is paid in HYPE, not ETH. A wallet showing an ETH gas estimate is set to the wrong chain, so switch before you sign. Leave a little HYPE unspent for that fee. Confirmation takes under a minute, so the status page soon moves on.

That 0x address goes in the sender field and nowhere else. The payout field needs a Bitcoin address beginning with bc1, 3 or 1, which neither Rabby nor MetaMask will give you for this swap. Set up Sparrow, Electrum or a hardware wallet beforehand. No memo or tag is listed on either side, so addresses are all you enter.

1. Move your HYPE to HyperEVM if needed. Then choose HYPE and BTC in the box and enter an amount to see the BTC after fees and the minimum.
2. Add the bc1, 3 or 1 address that will receive your BTC, then the 0x wallet that holds the HYPE.
3. With the wallet set to HyperEVM, send exactly the HYPE shown to the one-time deposit address, keeping a small amount for the fee.
4. Follow along on the status page. Your deposit confirms in under a minute, BTC is paid out, and Bitcoin confirms it in one to three blocks.

The first step is the only one that takes planning, and active traders tend to skip it. Everything after that happens within a single sitting. The quote is shown before you send and keeps floating until the deposit confirms. With a sub-minute confirmation on HyperEVM, that window is short.

Compared with leaving a token on Ethereum, this route has one less thing to organise: there is no second gas coin to source, because HYPE settles its own fee. The wait also falls almost entirely on the receiving side. HyperEVM is done in under a minute, while Bitcoin takes its one to three blocks, so a pending payout on the status page usually just means Bitcoin is still working through its confirmations.

Pricing comes from aggregated liquidity from leading crypto markets. The exchange box shows the BTC after fees, as well as the minimum and maximum for this pair, and the rate floats until your HYPE deposit confirms. Most swaps finish within minutes once that happens.

Nothing from your Hyperliquid account is needed for this swap, because GhostSwap is a no-KYC crypto exchange: there's no account, and we never ask for your name, email, phone number or identity documents to start a swap.

If a swap cannot be completed, the coins are refunded to the sender address you entered. For this pair, that is the 0x wallet you listed, on HyperEVM, so use one that you hold the keys to and can open on that network. Payouts on Bitcoin are a different matter, since those transfers cannot be reversed. Take a moment to compare your bc1, 3 or 1 address with the one in your wallet.

When HyperEVMScan shows your deposit but the status page is not moving, write to support@ghostswap.io with your swap ID and transaction hash. Avoid sending the HYPE a second time.