Monero · Hyperliquid · Bridge · GuideXMR on Hyperliquid: how to bridge, trade and withdraw Monero
Monero is not native to Hyperliquid. XMR1 is the spot token you can bridge in from a Monero wallet and bridge back to native XMR. How it works, what to check, and how it differs from the XMR perp.
Wagyu teamUpdated 5 min read- total volume through Wagyu
- $1.3B+
- orders completed
- 35,300+
- account needed to swap
- 0
- SOL to XMR swap time
- 1 min
You can hold XMR on Hyperliquid in two ways. XMR1 is the Monero representation on Hyperliquid: send XMR to the Wagyu bridge and you receive the same amount of XMR1, then bridge it back to native XMR when you want. The XMR perpetual is a leveraged contract on the price, settled in USDC, which never pays out Monero. This guide covers XMR1: how to get it, how to trade it and how to take your Monero back out.
Key takeaways
- XMR1 can be bridged back to native XMR on the bridge. The XMR perp cannot.
- XMR1 trades against USDC on Hyperliquid's spot order book.
- The bridge form shows the live fee, minimum and availability before you send.
- Your Monero privacy pauses while you hold XMR1: Hyperliquid balances and trades are public.
Three ways to get XMR on Hyperliquid
Which path you take depends on what you hold today.
| You hold | What to do | What you pay |
|---|---|---|
| XMR in a Monero wallet | Bridge it to XMR1 | The bridge fee shown on the form |
| USDC on Hyperliquid | Buy XMR1 on the XMR1/USDC order book | The spread and Hyperliquid's spot trading fee |
| BTC, ETH, SOL, USDT or USDC elsewhere | Swap to XMR, then bridge it | The swap fee, then the bridge fee |
If you already have USDC on Hyperliquid, buying XMR1 directly is the shortest path. If you hold Monero, the bridge brings the same amount of XMR1 to your Hyperliquid address.
Bridge XMR to Hyperliquid
1. Open the bridge yourself
Type the address or use your own bookmark, then check the address bar before you open the bridge: copies of the site on other domains exist. Do not follow links from ads or direct messages.
2. Choose XMR to XMR1
Paste the address of your Hyperliquid account as the recipient. XMR1 arrives there directly.
3. Read the fee and minimum
The form shows the current fee, minimum and availability. The minimum applies to the amount you send, before the fee.
4. Send XMR to the deposit address of your order
Copy it from the order, never type it. Each order has its own deposit address.
5. Wait for confirmations
XMR1 is credited once your Monero deposit is confirmed. The order page shows its progress.
Trade XMR1 against USDC
XMR1 trades on Hyperliquid's spot order book against USDC. There is no XMR1 pair against USDT: if you start from USDT, convert it to USDC on Hyperliquid first, or swap USDT to XMR and bridge the XMR.
Spot trades on Hyperliquid pay a maker or taker fee that falls with your trading volume. Read the current schedule in Hyperliquid's documentation before you place a large order, and look at the order book depth: a market order larger than the visible liquidity moves the price against you.
Before you buy XMR1
- The token is XMR1
- The pair is XMR1/USDC
- The order fits the visible depth
Before you sell XMR1
- Decide whether you want USDC or native XMR
- To get XMR, bridge back instead of selling
Withdraw native XMR from Hyperliquid
1. Choose XMR1 to XMR on the bridge
Paste the address of your own Monero wallet. A wallet such as Feather or Cake Wallet gives you one.
2. Send XMR1 from your Hyperliquid account
Use the funding instruction of your order. The payout is calculated from the XMR1 actually received.
3. Receive XMR
You receive native XMR minus the withdrawal fee shown on the form.
Once the XMR is in your own Monero wallet, it is private again: Monero hides amounts, senders and receivers on its own chain. The Monero project explains how.
XMR1 or the XMR perp on Hyperliquid?
| Feature | XMR1 (spot) | XMR perp |
|---|---|---|
| What you hold | A token redeemable for XMR | A contract on the XMR price |
| Leverage | No | Yes |
| Withdraw Monero | Yes, through the Wagyu bridge | No, it settles in USDC |
| Suits | Owning XMR and moving it in or out | Trading the price |
If you want to own Monero and keep the option to take it out, use XMR1. If you only want price exposure, with or without leverage, the perp does that, but it never pays out Monero.
Start from BTC, ETH, SOL or stablecoins
Wagyu does not sell crypto for cash or card. If you hold another coin, swap it to XMR first, received in your own Monero wallet, then bridge it. Each swap shows its rate and fee before you send.
| Coin you send | Default network | Minimum | Typical time | Fee | Route |
|---|---|---|---|---|---|
 Bitcoin (BTC) | Bitcoin | About $40 | About 30 min | 2% | BTC to XMR |
 Ethereum (ETH) | Ethereum | About $20 | About 2 min | 2% | ETH to XMR |
 Tether (USDT) | Ethereum | About $20 | About 2 min | 2% | USDT to XMR |
 Solana (SOL) | Solana | About $20 | About 1 min | 2% | SOL to XMR |
For example, BTC to XMR currently has a 2% Wagyu fee and a minimum of $40. Every Monero route is on the Monero page, and the guide how to buy Monero without KYC compares them.
Risks to understand
Pros
- Bridged in one for one, and back to native XMR anytime
- Trades on Hyperliquid's on-chain order book
- No account or identity check on the bridge
Cons
- Balances and trades on Hyperliquid are public
- Fake copies of the site and look-alike tokens exist
Bridging back. You can bridge XMR1 back to native XMR on the Wagyu bridge at any time. The form shows the live fee, minimum and availability before you send.
Privacy. Your Hyperliquid address, balances and trades are visible to anyone. Monero privacy stops when XMR1 lands on Hyperliquid and resumes once you withdraw to a Monero wallet.
Screening. Some orders are screened. The compliance policy explains what applies.
FAQ about XMR on Hyperliquid
Can you buy Monero on Hyperliquid?
Yes, as XMR1, a spot token you can bridge back to native XMR on the Wagyu bridge. The XMR perpetual gives price exposure only and never pays out Monero.
Is there an XMR/USDT pair on Hyperliquid?
No. XMR1 trades against USDC. Convert USDT to USDC first, or swap USDT to XMR and bridge it.
How long does it take to bridge XMR to Hyperliquid?
XMR1 is credited once your Monero deposit is confirmed. The order page shows the confirmations as they come in.
How much does the bridge cost?
The bridge form shows the current fee and minimum for each direction before you send. Fees are deducted from the amount you send.
How do I withdraw XMR from Hyperliquid?
Choose XMR1 to XMR on the bridge, paste your Monero address and send XMR1 as your order instructs. You receive native XMR minus the fee shown.
Do I need an account?
No. The bridge works without an account or identity check. Some orders are screened, as the compliance policy explains.
Written by the Wagyu team
Wagyu offers swaps between Monero, Zcash and supported networks, plus a native Monero bridge to Hyperliquid.