Bitvavo makes Perpetual Protocol as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Perpetual Protocol?
Perpetual Protocol is a decentralized exchange that offers perputual contract trading on the asset offered on the platform. The exchange uses vAMM, which makes it different than other DEXs like Uniswap. WIth vAMMs, no swap is occurring. Unlike Uniswap, for example, where traders arrive with asset A and leave with asset B, on Perpetual Protocol traders always arrive with USDC, and leave with USDC. This allows the protocol to operate without ever having held the underlying asset. The PERP token is used to participate in the protocol's governance, and users can stake PERP to receive a share of the protocol's transaction fees.
How to buy Perpetual Protocol?
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Perpetual Protocol. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
How to store Perpetual Protocol?
Storing Perpetual Protocol and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Perpetual Protocol without any technical knowledge. Here is a brief overview of the existing wallet options to store your Perpetual Protocol:
Hosted wallets are wallets where the private keys to your Perpetual Protocol are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Perpetual Protocol online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Perpetual Protocol. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Perpetual Protocol, and if malicious parties have access to your device, your private keys (and therefore your Perpetual Protocol) can be stolen.
A hardware wallet is a physical device on which you can store your Perpetual Protocol offline. It is one of the safest ways to store your Perpetual Protocol, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Perpetual Protocol is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Perpetual Protocol. Once you have purchased Perpetual Protocol on Bitvavo, you can choose to send your Perpetual Protocol from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.