Last update: Jun 6, 2022

How to Buy Perpetual Protocol (PERP)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Perpetual Protocol. Depending on your country, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Perpetual protocol

How to Buy Perpetual Protocol – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Perpetual Protocol of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Perpetual Protocol

Now that you have what you need to buy Perpetual Protocol, head over to the market or buy section of the cryptocurrency exchange and buy some PERP.

If the crypto exchange doesn’t have any Perpetual Protocol on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Perpetual Protocol first), and trade your Ethereum for Perpetual Protocol.

Where to Buy Perpetual Protocol (PERP)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Perpetual Protocol

  1. Sign into the exchange where you bought Perpetual Protocol.
  2. Move your Perpetual Protocol to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Perpetual Protocol.

 

Crypto trading

How to Buy Perpetual Protocol (PERP) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Perpetual Protocol in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Perpetual Protocol if it’s available. If the exchange doesn’t have Perpetual Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Perpetual Protocol), and trade your ETH for Perpetual Protocol.

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the best places to buy crypto in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Perpetual Protocol (PERP) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Perpetual Protocol in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Perpetual Protocol if it’s available. If the exchange doesn’t have Perpetual Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Perpetual Protocol), and trade your ETH for Perpetual Protocol.

Also, check out our comparison of the best places to buy bitcoin in Canada If you’re curious to know more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Perpetual Protocol (PERP) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Perpetual Protocol in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Perpetual Protocol if it’s available. If the exchange doesn’t have Perpetual Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Perpetual Protocol), and trade your ETH for Perpetual Protocol.

If you’d like to know more about the exchanges we like, check our comparison of the safest crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Perpetual Protocol? PERP Rundown

Perpetual Protocol (DEX) is a decentralized exchange for futures on Ethereum or xDai. Traders have the option to trade long or short and can leverage up to 10X on a growing list of assets such as BTC, ETH (DOT), SNX, YFI, YFI, SNX, SNX, YFI, and many others. Trading is not custodial. This means traders retain ownership of their assets and on-chain. Perpetual Protocol uses a virtual automated marketplace (vAMM), which provides liquidity on the blockchain with predictable pricing based on constant product curves. Perpetual Protocol's vAMMs are market-neutral and fully insured.

Perpetual Protocol's vision is to be the best, most accessible and most secure decentralized derivatives trading system in the world. The company is committed to the "DeFi money Lego" philosophy by allowing other projects to build on Perpetual protocol and building on DeFi projects. Perpetual Protocol has reached a number milestones, including launching staking pool and implementing limit- and stop orders. The company plans to expand to other chains and introduce leveraged tokens and launch dynamic liquidity to its pools.

Perpetual Protocol's goal is to provide a platform for trading perpetual contracts that anyone can use. Users must be able trade with high liquidity and low slippage to achieve this goal. Perpetual Protocol addresses this problem by using its vAMM technology. Perpetual Protocol does not follow the traditional order book model for centralized exchanges. Instead, traders trade against virtual automated market makers, whose initial liquidity will be set by the operator.

As an example, let's say the operator increases the liquidity of the vAMM from 100 vETH up to 40,000 DAI. To go long on ETH, someone would deposit DAI and this would cause the price to rise. It also creates an incentive to short vETH if it is not in line with market prices. DAI would be used as collateral by traders who sell short on vETH. This would bring the price back to equilibrium. Liquidity swaps are unnecessary as the vAMM acts as a tally for all trades and finds an equilibrium over time. Perpetual Protocol trades are settled in USDC.

Traders can enjoy instant settlement and on-chain trading by using the vAMM model. Perpetual Protocol also supports gas-free deposits of over 500 USDC. This means traders can deposit with 0 ETH in wallets.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.