How to trade PERP coins to others? Graphic tutorial on selling PERP coins

To trade PERP coins, register on a reputable exchange like OKX, deposit funds, find the desired trading pair, specify order details, preview the order, execute the trade, monitor its status, and withdraw the funds when the transaction is complete.

Oct 25, 2024 at 08:20 pm

How to Trade PERP Coins to Others: A Step-by-Step Guide

1. Create an Account on a Cryptocurrency Exchange

Before trading PERP coins, you need to create an account on a cryptocurrency exchange that supports this cryptocurrency. OKX is a reputable exchange that offers seamless PERP trading services.

2. Deposit Funds into Your Account

Once you create an account, you need to deposit funds into it. You can do this by linking your bank account, credit or debit card, or using other available deposit methods. Ensure you have sufficient funds to cover your trading needs.

3. Find the PERP Trading Pair

On the exchange's trading page, search for the PERP trading pair you want to trade. For example, if you want to sell PERP for Bitcoin (BTC), you would find the PERP/BTC trading pair.

4. Enter Your Order Details

Once you have found the trading pair, enter the following order details:

• Order Type: Select "Sell."
• Amount: Specify the number of PERP coins you want to sell.
• Price: Set the price at which you want to sell your PERP coins. You can choose a market order to sell at the current market price or a limit order to sell at a specific price.

5. Preview and Confirm Your Order

Review your order details carefully to ensure accuracy. Confirm that you are selling the correct number of PERP coins at the desired price.

6. Execute Your Order

Once you are satisfied with your order, click the "Sell" button to execute your transaction. The exchange will match your order with a buyer's order to complete the trade.

7. Monitor Your Trade

After executing your order, you can monitor its status on the exchange's trading page. You can track the progress of your trade and view its execution price and time.

8. Withdraw Your Funds

Once your trade is complete, you will have the proceeds in your exchange account. You can withdraw these funds to your linked bank account or other supported withdrawal methods.

Tips:

• Use a reputable cryptocurrency exchange with high security measures.
• Research the market and monitor price trends before making a trade.
• Start with small trades and gradually increase your trading volume as you gain experience.
• Be aware of trading fees and consider them when calculating your profits.