Hyperliquid vs NightTrader Exchange
Hyperliquid has the higher grade on both axes: Safety 6.7 against 6.4, and Privacy 7.5 against 6.5.
Hyperliquid
On-chain order-book exchange for perpetuals and spot, used with your own wallet
Privacy
7.5/ 10
Strong
Safety
6.7/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
NightTrader Exchange
Order-book exchange using two-key deposit accounts with timelocked refunds
Privacy
6.5/ 10
Fair
Safety
6.4/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Hyperliquid | NightTrader Exchange | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | No ID mentioned | No ID mentioned |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | Email required |
| Open source | No | Yes |
| Tor onion address | No | No |
| Coins | BTC, ETH, SOL, USDC, USDT, HYPE | BTC, LTC, BCH, ETH |
| Pay with | Crypto | Crypto |
| Fees | Perps base tier 0.045% taker / 0.015% maker; spot 0.070% taker / 0.040% maker, lower with 14-day volume | Not published |
| Founded | Not published | 2024 |
| Not available in | United States, Ontario (Canada) and sanctioned jurisdictions; outcome markets have further exclusions | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Hyperliquid
No registrationNo email neededNo phone neededClosed sourceExcludes US usersIndependent audit
Both
Non-custodialRuns an affiliate programme
Only NightTrader Exchange
Multisig or hold-invoice escrowAnonymous operator
Where they sit among no-kyc exchanges
Questions
Is Hyperliquid or NightTrader Exchange safer?
Hyperliquid has the higher Safety grade: Hyperliquid 6.7, NightTrader Exchange 6.4, out of 10.
Does Hyperliquid or NightTrader Exchange require KYC?
Hyperliquid is KYC level 1 (no ID mentioned). NightTrader Exchange is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Hyperliquid has 0 and NightTrader Exchange has 0 documented incidents in the registry.