Before you can trade on Legend, you need to fund your account with USDC — the stablecoin used for all trading activity on the platform. This guide walks you through the deposit process, supported chains, and tips to make your first deposit smooth.

What You Need

To deposit on Legend, you'll need:

• A Legend account — sign up at legend.trade if you haven't already.
• USDC — this is the only currency used for trading on Legend. If you hold other crypto assets, you'll need to convert them to USDC first.
• A wallet or exchange with USDC available for transfer.

Supported Chains and Bridging

Legend operates on Hyperliquid's Layer 1 blockchain, which means your USDC needs to arrive on the Hyperliquid network to be available for trading. Legend's deposit flow simplifies this process by supporting deposits from multiple source chains.

You can deposit USDC from popular networks including Arbitrum and other EVM-compatible chains. When you deposit from a chain other than Hyperliquid directly, the platform handles the bridging process for you — your USDC is automatically bridged to Hyperliquid and credited to your trading account.

The key thing to know: always use the deposit flow within Legend's interface rather than trying to send USDC directly to an address. The in-app deposit process ensures your funds are routed correctly and credited to your account.

Step-by-Step Deposit Process

1. Open Legend and navigate to the deposit section. You'll find this in your wallet or account area.
2. Select your source chain. Choose the network where your USDC currently lives.
3. Enter the amount. Specify how much USDC you want to deposit.
4. Approve the transaction. If this is your first time depositing from a particular wallet, you may need to approve the USDC spending allowance first (this is a standard ERC-20 approval).
5. Confirm the deposit. Sign the transaction in your wallet. You'll see a confirmation once the deposit is submitted.
6. Wait for confirmation. Deposit times vary depending on the source chain. Most deposits arrive within a few minutes, though cross-chain bridges can occasionally take longer.

Your deposited USDC will appear in your Legend trading balance once the transaction is confirmed on-chain.

How Much Should You Deposit?

There's no minimum deposit to access the platform, but practical minimums depend on how you plan to trade:

• Learning and experimenting: $50-100 is enough to open small positions and get comfortable with the interface.
• Active trading: $500-1,000 gives you flexibility to manage multiple positions and practice proper position sizing.
• Arena participation: Wager sizes in the Arena vary, so check current entry requirements to ensure you have enough for the tier you want to compete in.

Remember that trading perpetual futures involves leverage, so your effective buying power is larger than your deposit. A $200 deposit at 5x leverage gives you $1,000 of position sizing capacity.

Tips for First-Time Depositors

• Double-check the network. Sending USDC on the wrong network is the most common deposit error in crypto. Always confirm that the chain you're sending from matches what Legend's deposit interface expects.
• Start small. Make a small test deposit first to verify the process works before transferring larger amounts.
• Keep gas in mind. You'll need a small amount of the source chain's native token (like ETH on Arbitrum) to pay for the transaction fee. Make sure you have enough for gas.
• Save transaction hashes. If a deposit doesn't arrive as expected, having your transaction hash makes it easy to investigate.

Withdrawals

When you're ready to withdraw funds, the process works in reverse. You can withdraw USDC from your Legend account back to your wallet on supported chains. Withdrawals are processed on-chain, so they're transparent and verifiable — no waiting for manual approval from a centralized team.

Depositing on Legend is designed to be as frictionless as possible while maintaining the security benefits of on-chain infrastructure. Once your funds are in, you're ready to trade.