Hibachi Review
Hibachi is an emerging decentralized trading protocol that seeks to redefine how users interact with on-chain markets. Positioned at the intersection of speed, privacy, and transparency, Hibachi combines off-chain order matching with on-chain settlement to deliver a trading experience that rivals centralized exchanges while maintaining the core principles of DeFi. Read on this Hibachi Review to explore the platform in-depth.
What is Hibachi?
Hibachi is a next-generation decentralized trading protocol that combines the speed and efficiency of centralized exchanges with the transparency and self-custody of DeFi. Built on zero-knowledge (zk) proof technology, it enables traders to verify transactions and balances without compromising privacy.
The platform uses off-chain order matching with on-chain settlement to deliver high-performance, low-latency trading, while maintaining full user control of funds. Backed by major investors such as Dragonfly Capital and Electric Capital, Hibachi also features a “Points” incentive system that rewards trading activity and community engagement.
Overall, it aims to offer a secure, provable, and professional-grade environment for advanced crypto trading.
How to sign up on Hibachi
- Getting started on Hibachi is simple and can be done either through a supported crypto wallet or by using an email address. Wallet options include MetaMask, Phantom, Rabby, and others supported via WalletConnect.
- To trade with a wallet, users must have funds ready on the Arbitrum or Base network—specifically USDT on Arbitrum or USDC on Base—as collateral, along with a small amount of ETH to cover gas fees.
- Once funded, traders can connect their wallets on the Hibachi website to begin trading. Alternatively, users can sign up using an email address by entering a verification code and completing two-factor authentication.
- After registration, Hibachi provides a unique blockchain address for deposits, allowing users to transfer native USDT (Arbitrum) or USDC (Base) from centralised exchanges or DeFi wallets to start trading securely.
Hibachi Review: How to trade
- Trading on Hibachi involves perpetual futures (perps), where users provide collateral—typically USDT or USDC—to take long or short positions on various assets rather than buying the tokens directly. To open a trade, users select their desired market, choose an order type, and set their position size either manually or via a slider.
- After reviewing the summary, clicking “Buy” opens a long position, while “Sell” opens a short one.
- Active trades and orders can be monitored under the Positions, Open Orders, and Trade History tabs. When closing a trade, users can opt for a market close to exit immediately—though possibly at a less favorable price—or a limit close, which executes only once the asset hits the chosen price level.
- This dual system allows traders to balance speed and precision when managing positions on the Hibachi platform.
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Hibachi Review: Withdrawing from Hibachi
- To withdraw funds from Hibachi, users can click “Withdraw” at the bottom right of the trading interface and complete a quick security verification.
- After authentication, simply enter the withdrawal amount—only funds not being used as collateral are eligible. It’s important to note that withdrawing the full balance while holding open positions significantly increases liquidation risk.
- Next, input a wallet address compatible with the Arbitrum network, select a withdrawal speed, and confirm. Standard withdrawals generally take 10–20 minutes, while instant withdrawals process faster for an added fee.
- For email-based accounts, a small withdrawal fee is applied to cover gas costs, ensuring smooth and secure fund transfers back to the user’s wallet.
Hibachi Review: Transferring on Hibachi
- Hibachi makes it simple to move funds between your main account and sub-accounts, enabling better portfolio management and risk separation.
- To initiate a transfer, go to the “Hibachi Balance” tab in the top-right corner of the interface and select “Transfer.”
- After completing two-factor authentication, choose the source and destination accounts, enter the amount you wish to move, and confirm the transaction.
- Transfers are processed instantly within the platform, allowing you to efficiently allocate capital across different trading strategies or accounts without needing to withdraw funds externally.
Hibachi Review: Trading
At present, Hibachi offers perpetual futures trading for BTC, ETH, and SOL markets, giving traders access to the most liquid and established digital assets. The platform plans to expand its market offerings over time, introducing additional pairs based on community demand and liquidity conditions.
Currently, users can trade with up to 5x leverage across all primary markets — a conservative limit intended to balance opportunity with risk management. As Hibachi’s infrastructure and liquidity deepen, leverage limits are expected to increase in future iterations.
Hibachi Review: Limits
Hibachi sets defined trading limits to maintain fairness and system stability. The minimum order size is 1 USDT, while the maximum position size depends on a trader’s free margin and leverage.
Funding rates are capped between –10% and 10%, and transfers can be made for any amount above 0, up to the account’s free margin.
To ensure smooth performance, sub-account rate limits apply—allowing up to 400 order placements, 200 modifications, 1,000 cancellations, and 200 “cancel all” actions per second.
Hibachi Review: Fees
- Hibachi uses a volume-based fee tier system to reward active traders. Until the system’s launch on October 30 at 00:00 UTC, all users trade under a flat structure with 0.000% maker fees and 0.045% taker fees.
- Once activated, fee tiers will be determined by each user’s 14-day rolling trading volume, updated daily at 00:00 UTC and applied around 03:00 UTC.
- Sub-accounts share the same tier as the main account, while vault trading volume is tracked separately. The eight-tier structure ranges from Tier 1 (0 – $5 million, 0.045% taker fee) to Tier 8 (over $2 billion, 0% maker and taker fees).
- All trading fees are deducted automatically in USDT upon execution, ensuring transparent and seamless settlement.
Hibachi Review: Subaccounting
Hibachi’s subaccount feature lets traders manage multiple strategies within a single address while keeping each position and margin completely independent. Every subaccount maintains its own balance, positions, and liquidation risk, ensuring that performance or losses in one do not affect others.
Each subaccount also benefits from portfolio margining, optimizing capital efficiency across trades. Creating a subaccount is simple—click “Main Account,” choose “Create Sub Account,” name it, and save.
To fund it, use the “Transfer” option, complete security verification, select the source and destination accounts, enter the desired amount, and confirm. This structure gives traders greater flexibility, organization, and control over their trading portfolios on Hibachi.
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Hibachi Review: Using Hibachi on Mobile
Hibachi offers full-featured mobile trading, giving users access to all perpetual markets directly from their phones with the same functionality as the desktop platform. Both wallet-based and email-based users can sign up easily and start trading immediately.
The interface is optimized for smaller screens, ensuring smooth order placement, transfers, and account management. Users can add a Hibachi shortcut to their homescreen for quick access or trade through their wallet’s in-app browser.
Existing email users simply log in via the homescreen shortcut, while wallet users can import their existing wallets using their preferred mobile wallet app.
Hibachi Review: Security
- Verification: Uses zero-knowledge proofs and on-chain validation so users can independently verify balances and trades without relying on trust.
- API & Developer Tools: Provides secure, permission-based APIs for trading and data access with customizable read, trade, and withdrawal rights.
- Audits: Smart contracts undergo regular third-party audits to detect vulnerabilities and ensure code security and transparency.
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Hibachi Review: Referral Program
Hibachi’s Referral Program rewards users for helping expand the trading ecosystem. By generating a custom referral link from your account, you can invite others to join and trade on the platform.
When new users sign up through your link, they become part of your referral network. The system supports a multi-level structure, currently offering 5% of trading fees from first-degree referrals, with no commissions from second- or third-degree levels.
Earnings are calculated weekly based on your network’s trading activity and are credited every Monday, providing a simple way to grow rewards alongside the platform’s user base.
Conclusion
Hibachi stands out as a next-generation decentralized trading protocol built for speed, transparency, and user control. With support for major markets like BTC, ETH, and SOL, its 5x leverage, subaccount flexibility, and volume-based fee system create a robust framework for both new and professional traders.
The platform’s security foundation—rooted in zero-knowledge verification, audited smart contracts, and a bug bounty program—adds further confidence. Whether on desktop or mobile, Hibachi delivers a consistent, high-performance experience designed to bring institutional-grade efficiency to DeFi trading.
Frequently Asked Questions
What leverage is available?
Users can trade with up to 5x leverage across all main markets, with plans to increase limits as liquidity grows.
How are subaccounts useful?
Subaccounts let traders isolate positions, risks, and balances—allowing multiple strategies to operate independently within one main account.
Does Hibachi require KYC?
No, Hibachi supports wallet and email-based sign-ups without traditional KYC, preserving privacy while maintaining platform security.