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Guides to trading without the usual rules

Everything here is written for someone who has never touched a crypto wallet. No jargon, no hype, honest about trade-offs. Start with whichever question brought you in.

What Is Bitcoin? A Beginner's GuideBitcoin is the original cryptocurrency: a fixed-supply digital asset secured by a global network of miners. What it is, where it came from, where it stands in 2026, and how to trade it.
What Is Solana? A Beginner's GuideSolana is the blockchain that bet everything on speed: thousands of transactions per second and fees of fractions of a cent. What it is, how it works, where it stands in 2026, and how to trade SOL.
What Is HYPE? The Hyperliquid Token ExplainedHYPE is the token of Hyperliquid, the decentralised platform every market on Based runs on. Staking, fee discounts, the buyback engine, and the honest case for and against holding it.
What Is Ethena (ENA)? A Beginner's GuideEthena built USDe, a synthetic dollar backed by a derivatives trade instead of a bank account, and it became one of the largest dollar tokens in crypto. How it works, what ENA does, and how to trade it.
What Is Chainlink (LINK)? A Beginner's GuideBlockchains cannot see the outside world. Chainlink is the oracle network that feeds them prices, data and cross-chain messages. How oracles work, what CCIP is, and how to trade LINK.
How to Buy US Stocks on WeekendsThe stock market closes Friday at 4pm and stays shut until Monday. Here is what actually works if you want to trade US stocks on a Saturday, and what to watch out for.
Trade Stocks Without a Broker: How It Actually WorksEvery stock trade you have ever made went through a broker. Here is what the broker actually does, why you normally cannot skip it, and how broker-free trading works on Based.
How to Buy Asian Stocks From the USTokyo, Hong Kong and Seoul list some of the world's most important companies, and most US brokers barely reach them. Your real options for trading Asian stocks from the US, compared honestly.
What Is Self-Custodial Stock Trading?Your broker holds your stocks and your cash. Self-custody flips that: your money stays in a wallet only you control. What that means in practice, explained without jargon.
Stock Market Hours vs 24/7 TradingThe US stock market is open about 19 percent of the year. A plain look at what exchange hours are, what extended and overnight sessions actually cover, and what changes when a market never closes.
What Is Hyperliquid? A Plain-English GuideHyperliquid is the decentralised trading platform every market on Based runs on. What it is, how it works, what HYPE is, and how to start trading on it, without the jargon.
What Are Perpetual Futures? Perps Explained SimplyEvery market on Based is a perpetual future. What a perp is, how funding rates work, what liquidation means, and the honest risks, explained for someone who has never traded a derivative.
What Does It Mean to Long or Short?Going long means you profit when the price rises. Going short means you profit when it falls. What shorting actually involves at a broker, and why shorting a perp takes one tap.
What Is Liquidation? (And How to Avoid It)Liquidation is the automatic closing of a leveraged position whose margin has run out. What triggers it, a worked example in plain words, and the boring habits that make it unlikely.
Funding Rates Explained SimplyFunding is the small payment between longs and shorts that keeps a perpetual future glued to the price it tracks. Who pays whom, why you can earn it, and how it adds up.
What Is USDC? A Plain Guide to the Digital DollarUSDC is a digital dollar issued by Circle and backed by reserves of cash and Treasuries. What it is, why every market on Hyperliquid runs on it, how to get it, and the honest risks.
What Does Permissionless Trading Mean?Permissionless means no account, no application and no approval. What the word actually means in finance, where permission hides in the system you already use, and what changes when a market is open to anyone with a wallet.
The Best Wallet for Hyperliquid in 2026Hyperliquid is the venue, but you trade through a wallet. What actually makes a wallet good for Hyperliquid, stated as checkable facts, and why Based is built to win that comparison.
How to Start Trading on HyperliquidA step-by-step walkthrough of your first Hyperliquid trade through Based: setting up the wallet, funding it with USDC, opening a position, and the risks to understand before you do.
How to Trade CXMT and Unitree From Outside ChinaChangXin Memory and Unitree both listed on Shanghai's STAR Market in 2026, an exchange foreign retail investors effectively cannot use. How to trade both from outside China without a Chinese brokerage account.
What Is a Crypto Wallet?A crypto wallet does not hold coins, it holds keys. What keys and recovery phrases actually are, custodial vs self-custodial, and the safety habits that matter, explained for beginners.
Hyperliquid vs Centralized ExchangesBinance, Coinbase and Hyperliquid all let you trade crypto. The difference that matters is who holds your money. An honest comparison, including where centralized exchanges genuinely win.
What Is Leverage in Trading?Leverage lets a small deposit control a large position, and every price move hits at the same multiple in both directions. Worked examples in plain words, plus how leverage sets your liquidation price.

中文指南

Start in three steps

Step 1
Connect a wallet
Any self-custodial wallet works. No account application, no paperwork.
Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
Step 3
Trade 24/7
Stock perps, crypto perps and prediction markets. Nights, weekends, holidays.

Open Based How self-custody works

Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.