How to buy Perpetual Protocol (PERP) in Australia

A beginner's guide to buying and selling PERP in Australia.

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How to buy Perpetual Protocol

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Perpetual Protocol.

  1. Open an account on an exchange that supports PERP.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Perpetual Protocol.
  3. Buy Perpetual Protocol.
    Complete your Perpetual Protocol purchase and then find the best wallet to store PERP.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Perpetual Protocol?

Perpetual Protocol is a decentralised derivatives exchange where you can trade with up to 10 times leverage. On Perpetual Protocol you can go long and short on crypto assets such as BTC, ETH and DOT and pay zero gas fees. In the future it will also aim to list traditional assets such as gold and oil. PERP is Perpetual Protocol’s native token. It is designed to facilitate and encourage the governance of the protocol and gives PERP holders proportionate voting rights. PERP token holders are also eligible to stake their tokens and earn rewards, in the form of excess fees earned from operating the exchange.

Perpetual Protocol (PERP) is the 205th largest cryptocurrency in the world by market cap, valued at $136,170,339. The current price of Perpetual Protocol is $5.01, which is 9.720% higher than yesterday. Prices have ranged between $5.46 and $3.69 over the past 24 hours. All prices are listed in US dollars and accurate as of June 23, 2021 08:06 UTC.

Where to buy Perpetual Protocol

Find an exchange to buy, sell and trade PERP by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

270
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

297
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

169
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 150+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

266
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
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Perpetual Protocol at a glance

Information last updated June 23, 2021 08:06 UTC.
Coin symbolPERP
Total PERP supply150,000,000
Circulating PERP27,174,187
Current priceUS$5.01
All time highUS$16.14
Notable team membersYenwen Feng, Shao-Kang Lee
PartnershipsMulticoin Capital, Zee Prime Capital, Three Arrows Capital, CMS Holdings, LLC., and Alameda Research
IndustryDecentralised perpetual contract protocol
Token usesGovernance, staking
NetworkEthereum

Perpetual Protocol price performance over time

Historical prices compared with the price of US$5.01.

1 hourN/A
24 hours 9.72%
7 days -47.33%
14 days -43.46%
30 days -51.27%
60 days -16.21%
200 days 231.08%
1 yearN/A

How to sell Perpetual Protocol

You can cash out your PERP with the same exchange you bought it through:

  1. Sign in to the exchange you have PERP on.
    If you store your Perpetual Protocol in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of PERP you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Perpetual Protocol.

What to consider when buying Perpetual Protocol

As a cryptocurrency investor here are some of the important factors to consider before buying PERP:
  • Supply. The total supply of PERP tokens is capped at 150 million. The total supply can be inflated if token holders vote to mint more tokens or if the insurance fund is depleted forcing PERP to be minted in order to make up for the shortfall. According to the Perpetual Protocol website, there is a low chance of either event occurring.
  • Governance. Once the tokens are more broadly held by the community, it is envisaged that Perpetual Protocol will transition to a community governance model where token holders can use their staked PERP tokens to vote on or propose new ideas.
  • Staking. As a PERP token holder you can lock up or “stake” your PERP for a fixed amount of time. In return, you will be rewarded with part of the transaction fees collected by the Perpetual Protocol exchange. With PERP you can stake for as short or as long as you wish but unstaking will require a cool down period of 14 days.
  • Release schedule. PERK tokens allocated to seed and strategic investors were unlocked in December 2020. The PERK tokens allocated to team and advisors are due to be unlocked in June 2021.

Disclaimer: Cryptocurrencies, including Perpetual Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PERP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Perpetual Protocol or any other cryptocurrency discussed.

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