Overview — How Does the Money Travel from Hyperliquid to Your Bank Account?
Many wonder how profits earned from trading on Hyperliquid can be converted into Thai Baht. The answer involves 4 main checkpoints: SiamDEX → MetaMask → Bitkub → Bank Account. The entire process takes approximately 30-60 minutes, with total fees around 1 USDC plus a small amount of gas.
Step 1 — Withdraw USDC from SiamDEX Back to MetaMask
Go to siamdex.com and follow these steps:
- Click the Deposit / Withdraw button at the top right.
- Select the Withdraw tab.
- Enter the amount of USDC you wish to withdraw or click MAX.
- Click Withdraw USDC.
- MetaMask will pop up; click Sign.
- Wait approximately 3-5 minutes for the USDC to arrive in your MetaMask.
Fee: Hyperliquid charges 1 USDC per withdrawal. Therefore, it is more efficient to withdraw large amounts at once rather than making frequent small withdrawals.
Step 2 — Transfer USDC from MetaMask to Bitkub
Before transferring, do this crucial step first — Open Bitkub and go to the Deposit page to copy your USDC deposit address on the Arbitrum network. Then:
- Open MetaMask and ensure the network is set to Arbitrum One.
- Click Send and paste your Bitkub deposit address.
- Select the token as USDC.
- Enter the amount you wish to transfer.
- Click Confirm — you must have a small amount of ETH in your wallet for gas fees (approx. $0.01-0.10).
- Wait approximately 5-10 minutes for the USDC to appear in Bitkub.
Very Important: Always select the Arbitrum network. Transferring via the wrong network may result in permanent loss of funds. Bitkub specifically supports USDC on Arbitrum.
Step 3 — Sell USDC for THB on Bitkub
Once the USDC arrives in Bitkub:
- Go to the Market menu and select the USDC/THB pair.
- Select Sell, enter the amount of USDC you want to sell.
- Select Market Order to sell immediately at the current market price.
- Click Sell — THB will be added to your Bitkub wallet instantly.
The USDC/THB exchange rate is very close to the USD/THB rate. Typically, 1 USDC ≈ 33-35 Baht, depending on the daily rate.
Step 4 — Withdraw Thai Baht to Your Bank Account
- Go to the Withdrawal menu on Bitkub.
- Select Withdraw THB.
- Enter the amount and your bank account details.
- Click Confirm.
- Wait approximately 15-30 minutes; funds will be credited to your account (processing may take longer during weekends or holidays).
Total Fee Summary
- Hyperliquid Withdrawal fee: 1 USDC per transaction.
- Arbitrum gas fee: Approx. $0.01-0.10 (ETH required in MetaMask).
- Bitkub trading fee: 0.25% of the total sell value.
- Bitkub withdrawal fee: Free for transfers via PromptPay.
Example: Withdrawing 1,000 USDC → Total fees approx. 1 USDC + $0.05 gas + 2.5 USDC (0.25% Bitkub) = Total ~3.55 USDC (roughly 120 Baht out of 35,000 Baht), which is very cost-effective.
Fee-Saving Tips
- Withdraw in bulk rather than frequently, as the Hyperliquid withdrawal fee is fixed at 1 USDC regardless of the amount.
- Keep ETH in MetaMask at all times, at least $1-2, to cover gas fees.
- Check Bitkub trading fees periodically, as they occasionally offer fee-reduction promotions.
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