Detailed buying, selling and trading tutorial of PERP coin (with pictures and text)

To trade PERP Coin on OKX, users must create an account, fund it, find the PERP/USDT trading pair, and place a buy or sell order as desired, with the option for both market and limit orders.

Nov 04, 2024 at 01:53 pm

Detailed Buying, Selling, and Trading Tutorial of PERP Coin (with Pictures and Text)

1. Register on OKX

Visit the OKX website and create an account.

2. Fund Your Account

Transfer funds to your OKX account using one of the supported methods (e.g., bank transfer, credit card, crypto).

3. Find PERP Token

Go to the "Markets" section, search for "PERP," and select the "PERP/USDT" trading pair.

4. Place a Buy Order

a. Market Order:

• Click "Buy PERP" on the left panel.
• Enter the amount of PERP you want to buy and click "Buy PERP."
• Your order will be executed immediately at the current market price.

b. Limit Order:

• Click "Limit" on the left panel.
• Specify the price you want to buy PERP at.
• Select "Buy" and enter the quantity.
• Your order will be matched when the market price reaches your specified level.

5. Place a Sell Order

a. Market Order:

• Click "Sell PERP" on the left panel.
• Enter the amount of PERP you want to sell and click "Sell PERP."
• Your order will be executed immediately at the current market price.

b. Limit Order:

• Click "Limit" on the left panel.
• Specify the price you want to sell PERP at.
• Select "Sell" and enter the quantity.
• Your order will be matched when the market price reaches your specified level.

6. Track Your Orders

Once your order is placed, you can track it under the "Orders" tab in the "Markets" section.

7. Withdraw PERP

To withdraw PERP to an external wallet, go to the "Assets" section, search for "PERP," and click "Withdraw." Follow the instructions to complete the withdrawal process.

Tips:

• Do your research and understand the risks involved before trading any cryptocurrency.
• Use stop-loss orders to protect your investments from unexpected price fluctuations.
• Store your PERP tokens in a secure crypto wallet.
• Monitor market conditions and news to make informed trading decisions.