How to buy PERP coins? Detailed operation tutorial for buying PERP coins at exchanges

To purchase PERP coins, first select a reputable exchange such as OKX or Binance, create an account, deposit funds, and navigate to the PERP coin trading pair to place a buy order.

Oct 24, 2024 at 01:03 am

How to Buy PERP Coins: A Step-by-Step Guide

PERP Coin is the native token of the Perpetual Protocol, a decentralized derivatives exchange. This guide will provide detailed instructions on how to purchase PERP coins on different exchanges.

1. Choose an Exchange

1A. OKX

OKX is the leading cryptocurrency exchange for trading PERP coins. It offers competitive trading fees, high liquidity, and a user-friendly platform.

1B. Binance

Binance is another reputable exchange that supports PERP coin trading. It has a vast user base, multiple trading pairs, and advanced trading tools.

2. Create an Account

2A. OKX

Create an account on OKX by providing your email address and creating a password. Verify your email address and complete the KYC process to enhance security.

2B. Binance

Sign up on Binance using your email or mobile number and create a password. Complete the two-factor authentication (2FA) setup for increased security.

3. Deposit Funds

3A. OKX

Transfer cryptocurrency or fiat currency to your OKX account. You can use a credit/debit card, bank transfer, or cryptocurrency wallet.

3B. Binance

Deposit cryptocurrency or fiat currency to your Binance account. Supported deposit methods include crypto transfers, bank transfers, and third-party platforms.

4. Find the PERP Coin Trading Pair

4A. OKX

Navigate to the "Spot Trading" section and search for the "PERP/USDT" trading pair.

4B. Binance

Go to the "Spot" section and look for the "PERP/USDT" trading pair.

5. Place a Buy Order

5A. OKX

Enter the amount of PERP coins you want to buy in "USDT" or the "amount" field. Select a market order (instant execution) or a limit order (specific price execution).

5B. Binance

Specify the amount of PERP coins you want to buy in "USDT" or the "Quantity" field. Choose a market order or limit order based on your preference.

6. Confirm the Transaction

6A. OKX

Review the order details and click "Buy PERP."

6B. Binance

Check the order details and click "Buy PERP."

7. Receive PERP Coins

Once the order is executed, the purchased PERP coins will be credited to your exchange wallet. You can withdraw them to a personal crypto wallet if desired.

Conclusion

Buying PERP coins on reputable exchanges like OKX and Binance is a straightforward process. By following these detailed steps, you can acquire PERP coins and participate in the decentralized derivatives market with ease.