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Best Exchanges to buy Perpetual Protocol 2022 Pros and Cons

By Burle M. 6 min read

The process of buying Perpetual Protocol is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into PERP or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy Perpetual Protocol

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Perpetual Protocol (PERP) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Perpetual Protocol.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Perpetual Protocol on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Perpetual Protocol (PERP) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Perpetual Protocol you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Perpetual Protocol you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired PERP in your Binance Spot Wallet immediately.


2. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Perpetual Protocol (PERP) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

Getting Started with OKX

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.

Step 1: Go to OKX official website and click the Sign up button.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.

How to buy Perpetual Protocol on OKX

Follow our step by step guide below to start buying Perpetual Protocol (PERP) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Perpetual Protocol from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Perpetual Protocol (PERP) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Perpetual Protocol will be instantly deposited to your OKX account after payment is completed.


3. FTX

FTX is a cryptocurrency futures exchange that has swiftly established itself in a rapidly growing section of the cryptocurrency trading industry.

The exchange has received a lot of favorable feedback from the crypto trading community and already has strong daily trading volumes. This is pretty significant given the platform's relative young and the fact that FTX is not available to anybody located in the United States.

The exchange debuted in May 2019 and offers its users a variety of unique trading products such as Bitcoin options, over 45 leveraged tokens, 20 continuous swaps, MOVE contracts, and futures markets.

FTX Pros

  • Over 130 cryptocurrencies and 10 fiat currencies are supported.
  • Swap coins and fiat currency quickly and simply.
  • There are several marketplaces, which are ideal for futures traders.
  • Apps for iOS and Android are available.
  • Staking is offered on a few currencies, including FTT, which provides further benefits.

FTX Cons

  • The product is not available in the United States but you can use their US version.
  • There is no live chat assistance.

How to buy Perpetual Protocol on FTX

Buying Perpetual Protocol on FTX Exchange is pretty easy and you can follow the below guide to purchase your first PERP

1. Log in to your FTX account.

2. On the upper right-hand side, click Wallet.

3. Select the asset you want to Deposit by clicking the Deposit button.

4. Enter the amount you want to buy in crypto or your local money.

5. Choose a payment method. To confirm your purchase, click Deposit USD (you can always click the back arrow to make a change).

6. If all of the information is accurate, click Buy to complete your transaction.


4. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Perpetual Protocol (PERP) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Pros

  • Cryptocurrency exchange that is safe and secure.
  • Simple and user-friendly interface.
  • Limits and liquidity are impressive.
  • Accepted in more than 30 countries.
  • Top rated best mobile app.
  • Advanced trading platform provides free cryptocurrencies to let you learn about new digital tokens.
  • Provides a Coinbase debit card that may be used to spend bitcoin anywhere.

Coinbase Exchange Cons

  • To buy cryptocurrency with a debit card, you must pay a charge of 3.99 percent.
  • The standard trading commission is 1.49 percent.
  • Trading instruments are limited.
  • There are no copy trading or social trading capabilities.
  • Crypto exclusively - no other assets, like as stocks, are available for investment.

How to buy Perpetual Protocol on Coinbase Exchange

Follow our step by step guide below to start buying Perpetual Protocol (PERP) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Perpetual Protocol from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in PERP or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.


5. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

How to buy Perpetual Protocol on Gate.io

Follow our step by step guide to buy Perpetual Protocol (PERP) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy PERP coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search Perpetual Protocol from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in Perpetual Protocol (PERP).

If you want to buy Perpetual Protocol with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for PERP and buy it using your deposit cryptocurrency.


6. Kraken

Kraken is a well-known cryptocurrency exchange owing to its numerous features and top-tier security. Kraken is a perfect exchange for anybody, whether you are a rookie investor, an experienced day trader, or an institutional customer, since it supports over 50+ cryptocurrencies, 7 fiat currencies, and extra services.

Kraken Pros

  • Low trading fee.
  • Global accessibility.
  • For increased protection, there is a global account lock setting available.
  • Margin trading is available to qualified users.
  • Advanced charting and trading options are offered.
  • Crypto exchange that is completely regulated.
  • Excellent safety and security.
  • A diverse range of digital assets.
  • Crypto futures and margin trading are available.

Kraken Cons

  • For new users, the trading interface may be overly difficult.
  • Account financing may take some time.
  • High deposit and withdrawal fees.
  • There are only a few deposit and withdrawal options.
  • Markets trading platform is only available to expert traders.
  • Deposits via debit/credit card are only accessible in euro.

Getting Started with Kraken

The first step in using Kraken's services is to create a Kraken account.

Step 1: Make sure you're on the official Kraken website.

Step 2: In the upper-right corner, click the Create Account button.

Step 3: On the signup form, provide your email address, a username, and a secure password.

Step 4: Read their Terms of Service and Privacy Policy, check the box that says "I accept," and then click the Create account button.

Step 5: An activation email with an activation key should be sent to you.

Step 6: Enter your activation key on the account activation form, or complete the process by clicking the link in the email.

Step 7: Confirm your password, fill out the captcha if prompted, and then click the Activate Account button to proceed.

Step 8. Congratulations! You have successfully established your Kraken account and are now ready to begin.


Other Exchanges to buy Perpetual Protocol

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy PERP.

1. BitMart Join Now
2. LBank Join Now
3. Bybit (Spot) Join Now
4. BigONE Join Now
5. MEXC Global Join Now
6. AEX Join Now
7. XT.COM Join Now
8. BTSE Join Now
9. BKEX Join Now

Buy Perpetual Protocol on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Perpetual Protocol (PERP) easily.

1. Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

Uniswap (v3) Pros

  • It maintains your anonymity because it does not require KYC or registration.
  • You have complete control over your tokens.
  • On Uniswap, users may exchange flash swaps.
  • Transaction costs are split between Uniswap and liquidity providers for maintaining a healthy growth rate.

Uniswap (v3) Cons

  • It only supports ECR-20 tokens.
  • The frequency of bogus tokens as a result of open listing.
  • Flash swaps can result in cyber-attacks.


Conclusion

Choosing the best cryptocurrency platform for Perpetual Protocol (PERP) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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