How to buy and sell PERP coin? Picture and text tutorial on PERP coin trading

To buy PERP, create an account on OKX, Binance, or Huobi, fund it, and navigate to their respective PERP trading pairs to make a purchase.

Nov 03, 2024 at 04:38 pm

How to Buy and Sell PERP Coin: A Comprehensive Guide with Pictures

PERP is the native token of Perpetual Protocol, a decentralized perpetual futures trading platform that allows traders to speculate on the future price of cryptocurrencies without having to hold the underlying assets. PERP coin can be bought and sold on various cryptocurrency exchanges, including:

1. OKX:

   • Create an account on OKX and complete the KYC process.
   • Fund your account with USDT or another supported currency.
   • Navigate to the "Markets" tab and search for "PERP."
   • Enter the amount of PERP you want to buy and click "Buy PERP."

2. Binance:

   • Create an account on Binance and complete the KYC process.
   • Fund your account with USDT or another supported currency.
   • Navigate to the "Trade" tab and select "Spot."
   • Search for "PERP" and click on the "PERP/USDT" pair.
   • Enter the amount of PERP you want to buy and click "Buy PERP."

3. Huobi:

   • Create an account on Huobi and complete the KYC process.
   • Fund your account with USDT or another supported currency.
   • Navigate to the "Exchange" tab and select "Spot."
   • Search for "PERP" and click on the "PERP/USDT" pair.
   • Enter the amount of PERP you want to buy and click "Buy PERP."

Selling PERP Coin

To sell PERP coin, follow these steps:

1. Navigate to the exchange where you purchased PERP coin.
2. Go to the trading pair that you used to buy PERP coin (e.g., PERP/USDT).
3. Enter the amount of PERP you want to sell and click "Sell PERP."
4. The proceeds from the sale will be credited to your exchange account.

Note: Cryptocurrency exchanges may have different trading fees and minimum order requirements. Please check the exchange's website for specific information.

Additional Tips for Trading PERP Coin

• Research the market: Before you buy or sell PERP coin, it's important to do your research and understand the risks involved in cryptocurrency trading.
• Use a reputable exchange: Only trade on reputable cryptocurrency exchanges that have strong security measures and a good track record.
• Use a secure wallet: Store your PERP coins in a secure cryptocurrency wallet to protect them from theft or hacking.
• Consider advanced trading strategies: If you're a more experienced trader, you can consider using advanced trading strategies, such as margin trading or leveraged trading. However, these strategies come with greater risk.
• Monitor the market: Keep up-to-date with the latest news and market developments that could affect the price of PERP coin.