Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Perpetual Protocol. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Perpetual Protocol

Australia has a good amount of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Perpetual Protocol. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Perpetual Protocol in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Perpetual Protocol

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Perpetual Protocol in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Perpetual Protocol, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Perpetual Protocol.

Also, check out our comparison of the safest crypto exchanges for those curious to know more about which ones we like.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Perpetual Protocol, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Perpetual Protocol

The final step is to go to their asset list, find Perpetual Protocol, navigate to the buy section, and then trade your AUD for some PERP. Once you’ve bought Perpetual Protocol, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Perpetual Protocol (PERP)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Perpetual Protocol

If you’re thinking about selling Perpetual Protocol, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on Perpetual Protocol in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Perpetual Protocol for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Perpetual Protocol in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Perpetual Protocol with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Perpetual Protocol. Have a look on their site first, you might be lucky.

How to buy Perpetual Protocol with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Perpetual Protocol with your credit/debit card.

About Perpetual Protocol

Perpetual Protocol is a decentralized exchange that allows futures trading on Ethereum and xDai. Traders can trade either long or short on a growing number of assets, including BTC, ETH, SNX and YFI. They also have the ability to leverage up to 10X on a growing range of assets, such as SNX and SNX and many other assets. Trading is not custodial. The traders can trade on-chain and retain ownership of their assets. Perpetual Protocol employs a virtual automated market maker (vAMM), which provides on-chain liquidity and predictable pricing, based on constant product curves. Perpetual Protocol's virtual automated marketplace makers (vAMMs) are fully collateralized, market-neutral, and completely insured.

Perpetual Protocol's vision for the future is to provide the most reliable, accessible, and secure decentralized derivatives trading platform in the world. Perpetual Protocol is committed to the "DeFi Money Lego" philosophy. This includes allowing other projects access to Perpetual protocol, and continuing to develop our DeFi projects. Perpetual Protocol has achieved a number of milestones. These include the launch of a staking pool, and the implementation limit-and-stop order. The company intends to expand to other chains as well as introduce leveraged tokens. It also plans to introduce dynamic liquidity into its pools.

Perpetual Protocol's mission is to offer a platform that allows anyone to trade perpetual contracts. To achieve this goal, users must be able to trade with high liquidity without any slippage. Perpetual Protocol solves this problem using its vAMM technology. Perpetual Protocol doesn't follow the traditional order books model for central exchanges. Instead, traders trade against virtual automated markets makers, whose initial liquidity is set by the operator.

Let's take, for example, the operator raises the liquidity of the VAMM from 100 to 40,000 DAI. Someone would deposit DAI to buy ETH. This would cause the price rise. If vETH is not at market price, it creates an incentive for traders to shorten vETH. Short sellers of vETH would use DAI as collateral. This would return the price to equilibrium. Liquidity swaps do not make sense as the vAMM acts like a tally and finds equilibrium over time. USDC is used to settle perpetual Protocol trades.

The vAMM model allows traders to have instant settlements and on-chain trades. Perpetual Protocol supports gas-free deposits up to 500 USDC. This allows traders to deposit with 0 ETH into wallets.

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