Walkthrough
Getting started on Legend.trade
A deliberately unhurried walkthrough. Every step that costs money comes after the steps that explain what it costs.
Short answer
Read the fees, verify you are on an official Legend domain, register through the referral link to attach the documented cashback benefit, confirm your region's eligibility, fund only what you can afford to lose, and set your loss limits before your first position.
Last fact-checked: August 21, 2026
1. Read the costs before you register
Legend documents 0.05% on perpetuals and 0.25% on spot, on top of Hyperliquid network fees. Price a realistic round trip on the fees page first, so nothing about the cost surprises you later.
2. Confirm you are on a real Legend domain
Legend's official properties are legend.trade, app.legend.trade and docs.legend.trade. Read the full domain before you connect anything, and never enter a seed phrase on any site.
3. Open the referral link and register
The referral link applies the documented cashback benefit to the new account at sign-up. Follow Legend's own onboarding instructions rather than any third-party walkthrough, including this one.
4. Check eligibility and terms for your region
Availability and terms are decided by Legend and by your local law. Read Legend's terms before depositing, and take professional advice if the tax or legal treatment of derivatives is unclear where you live.
5. Fund only what you can afford to lose
Deposit an amount whose total loss would not change your life. Keep the rest in a wallet you do not connect to trading interfaces.
6. Set your rules before your first position
Decide maximum position size, maximum leverage, and maximum daily loss in advance, and write them down. Rules made after a losing trade are not rules.
7. Start small and slow
Use the smallest size that still feels real. The purpose of the first week is learning the interface, funding behaviour, and your own reactions — not returns.
8. Claim any accrued cashback in Rewards
Referral cashback accrues on eligible losing trades and is claimed from the Rewards section of your Legend profile. It reduces fee cost; it does not offset trading losses.
Legend referral code
UNRPLHBZUsing code UNRPLHBZ at sign-up gives you 10% cashback on Legend platform fees from losing trades, as documented by Legend.
What a sensible first month looks like — editorial assessment
- Week one: no leverage beyond the minimum you need to place a position at all.
- Week two: keep a written log of every trade, including the reason for entry and exit.
- Week three: review the log honestly and count how many trades followed your own rules.
- Week four: decide whether to continue based on process, not on profit or loss.
Mistakes that cost new traders the most
- Choosing leverage by what is offered rather than by what the position can survive.
- Adding margin to a losing position to delay liquidation.
- Copying a trader after a run of wins, which is usually the worst entry point.
- Trading to climb an Arena leaderboard on a deadline.
- Treating fee cashback as if it were a return.
Getting started FAQ
Do I have to use a referral link?
No. Legend can be used without one. Registering through a referral link is what makes the documented cashback benefit available on your account, and it is how this site is funded.
Can I add the referral code after signing up?
We have not verified any officially supported way to attach a referral code after registration. Legend's documentation describes attribution through a valid referral link at sign-up, so apply it before you create the account.
How much should I start with?
Only an amount you would accept losing in full. That is not a formality: leveraged perpetual positions can be liquidated, and a first account is where most avoidable losses happen.
Is there a demo or practice mode?
Legend documents Arena formats that use practice balances. Check Legend's current documentation for what is available to your account before assuming any format is risk-free.
Ready to open Legend with the referral cashback applied?
Registering through the referral link is what makes the documented 10% cashback on Legend platform fees from losing trades available on your account. Read the fees and risks first.
Affiliate link. The site owner may earn a portion of Legend's builder-fee revenue if you trade. Perpetual trading and leverage can result in rapid losses. Read the full affiliate disclosure.