How to get PERP coins? Understand how to get PERP coins in one article

To acquire PERP coins, create an account on a reliable exchange that supports PERP trading, deposit funds, and place a buy order for the desired quantity and price.

Oct 29, 2024 at 04:05 am

How to Get PERP Coins: A Comprehensive Guide

1. Understand What PERP Coins Are

PERP is a cryptocurrency token launched by the Perpetual Protocol, a decentralized platform for trading perpetual futures contracts. PERP is used for governance, staking, and fee discounts on the platform.

2. Find a Reliable Exchange

To obtain PERP coins, you need to use a centralized or decentralized cryptocurrency exchange that supports PERP trading.

List of Exchanges Where You Can Buy PERP:

1. OKX
2. Binance
3. Huobi Global
4. FTX (currently bankrupt and not available)
5. KuCoin
6. Gate.io

3. Create an Exchange Account

If you don't have one already, create an account on your chosen exchange. This involves providing your personal information and verifying your identity through a Know Your Customer (KYC) process.

4. Deposit Funds

Most exchanges accept deposits in fiat currencies (e.g., USD, EUR) as well as other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Deposit the amount you wish to use to purchase PERP.

5. Place a Buy Order

Once your funds are deposited, navigate to the PERP trading pair (e.g., PERP/USDT) and place a buy order. Specify the quantity of PERP you want to purchase and the price you are willing to pay.

6. Store Your PERP Coins

Once your order is executed, your PERP coins will be deposited into your exchange wallet. You can either leave them on the exchange for trading or transfer them to a hardware wallet for enhanced security.