> For the complete documentation index, see [llms.txt](https://docs.trade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trade.xyz/getting-started/account-types.md).

# Account Types

Account Types

After your wallet is connected, the app will display multiple account balances within your wallet. These represent how funds are allocated for different purposes on Hyperliquid:

* **Perps**: This is the margin account for trading Hyperliquid-native crypto perpetuals.
* **Equities \[XYZ]**: This is the margin account for trading XYZ equity perps. It is a separate account from your Hyperliquid perps account and does not share balances.
* **Spot**: This is the default account for spot crypto assets. Assets here cannot be used as collateral for either perps account.

<figure><img src="/files/scMvoRAQIpv4XrHuIfPQ" alt="" width="294"><figcaption></figcaption></figure>

You can instantly transfer funds between these accounts within the app at no cost. For example, if you deposit USDC and it appears in Spot, you can transfer some to your Crypto Perps account using the “Transfer” button.


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