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When you trade on the Blockhouse terminal, your funds stay in your own Hyperliquid account. Blockhouse provides the interface.
Deposit before you enable trading. Hyperliquid won’t approve a trading key for an account that has never held funds.
1

Connect a wallet

Connect your wallet and accept the terms. See Connect a wallet.
2

Deposit

Send USDC or another supported token to your deposit address, and it arrives as USDC in your Hyperliquid account. See Deposit.
3

Enable trading

Sign once to create a trading key, which lasts 7 days, and once to approve routing, which you do once per wallet. See Enable trading.
4

Place an order

Choose a market, set the side, price, size and leverage, then place the order. See Place an order.