Welcome to Mastering Perp – the ultimate guide for understanding and trading with Perpie! Whether you’re a beginner looking to dip your toes into trading perpetual markets, or an experienced trader looking for new and innovative ways to manage your positions, this guide is for you.
Perpie is a Telegram bot that leverages the power of account abstraction to provide users with a trustless and decentralized trading experience. By utilizing social logins, 2FA mechanisms, batched transactions, and the ability to pay fees with ERC20 tokens, Perpie ensures that your funds are secure and easily accessible.
In this guide, we will cover all of Perpie’s features and functionalities, from managing funds and executing trades to setting take profit and stop loss orders. By the end of this guide, you will have a comprehensive understanding of Perpie and be able to trade with confidence using our platform. Let’s get started!
What is Perpie
Perpie is a Telegram bot that allows for trustless and decentralized trading in perpetual markets. It utilizes the concept of account abstraction, where users do not need to hold native ETH to pay fees or manage balances.
With Perpie, you can execute multiple operations in a single transaction, saving time and reducing gas fees. You can also pay fees with ERC20 tokens, eliminating the need to hold native ETH.
Perpie is intent-centric, meaning that it takes care of all the necessary approvals and actions, allowing you to focus on executing trades. It also aggregates positions and orders from multiple platforms to find the best prices for you.
Also, with Perpie, you can set take profit and stop loss orders on your positions, edit or cancel existing orders, view all your active orders and positions in one place, and easily transfer funds out of your wallet.
Now that you have a basic understanding of what Perpie is let’s dive into its features in more detail. So, buckle up and get ready to master Perpie!
How to trade with perpie
Trading with Perpie is simple and user-friendly. First, you need to have a Telegram account and join the Perpie channel. You can then start using Perpie by following these steps:
- Connect your wallet: To get started, you’ll need to connect your wallet to Perpie. This allows you to manage your balances and execute trades.
- Manage funds: Once your wallet is connected, you can transfer funds in and out of your Perpie account. You can also pay fees with ERC20 tokens, making trading more efficient.
- Set take profit and stop loss orders: With Perpie, you can easily set take profit and stop loss orders on your positions. This allows you to manage your risk and maximize profits.
- View positions and orders: Perpie provides a comprehensive view of all your active positions and orders, giving you all the information you need to make informed trading decisions.
- Execute trades: With your funds in place and orders set, you can now execute trades with Perpie. Our platform aggregates positions and orders from multiple platforms to find the best prices for you.
- Edit or cancel orders: If needed, you can easily edit or cancel your existing orders through Perpie. This gives you more control over your trading strategies.
- Transfer funds: Finally, once you’re done trading, you can easily transfer your funds out of your wallet using Perpie’s withdrawal feature.
It’s that simple! With Perpie, you can trade with ease and confidence knowing that your funds are secure and your trades are executed at the best prices.
Features of Perpie
Perpie offers a variety of features to make trading seamless and efficient for its users. These features include:
- Intent-centric trading: Perpie takes care of all necessary approvals and actions, allowing users to focus on executing trades.
- Account abstraction: Users do not need to hold native ETH to manage balances or pay fees on Perpie. This reduces gas fees and makes trading more efficient.
- Batched transactions: Perpie allows users to execute multiple operations in a single transaction, saving time and reducing gas fees.
- Aggregating Perp DEXs: Perpie aggregates positions and orders from multiple platforms to find the best prices for its users.
- Take profit and stop loss orders: Users can easily set take profit and stop loss orders on their positions, allowing for risk management and maximizing profits.
- Edit or cancel orders: If needed, users have the ability to edit or cancel their existing orders through Perpie, giving them more control over their trading strategies.
- View all positions and orders in one place: Perpie provides a comprehensive view of all active positions and orders, making it easier for users to track their trades.
With these features, Perpie offers a user-friendly and efficient trading experience for its users.
What is Gas Fees
Gas fees are the transaction fees required to execute transactions on the Ethereum blockchain. These fees are paid in ETH and vary depending on network congestion and the complexity of the transaction.
With Perpie, users have the option to pay gas fees with ERC20 tokens instead of native ETH. This reduces gas fees and makes trading more efficient for users.
Additionally, Perpie utilizes batched transactions, allowing users to execute multiple operations in a single transaction, further reducing gas fees. This is made possible through Perpie’s use of account abstraction, where users do not need to hold native ETH to manage balances or pay fees on the platform.
How Canceling Orders Works
Through Perpie, users have the ability to easily cancel their existing orders if needed. This gives users more control over their trading strategies and allows for quick adjustments based on market conditions.
To cancel an order on Perpie, a user can simply go to the “Orders” tab on their account and click on the order they wish to cancel. They will then be prompted to confirm the cancellation, and once confirmed, the order will be canceled.
If a user wishes to edit an existing order, they can do so by clicking on the order and adjusting the price or quantity accordingly. Once these changes are made, the user can click “Confirm” and their updated order will be submitted.
These features make it easy for users to manage their orders and adapt to changing market conditions, enhancing their trading experience with Perpie. So, why wait? Start using Perpie today and take your trading to the next level!
With its user-friendly interface and powerful features, Perpie is the ultimate platform for traders of all levels. Join the Perpie community now and experience a seamless trading experience!
FAQs
Is Perpie safe to use?
Yes, Perpie is a secure platform that utilizes advanced security measures such as multi-signature wallets and cold storage for funds.
Can I trade with any cryptocurrency on Perpie?
Currently, Perpie supports trading with ERC20 tokens and will soon support trading with other cryptocurrencies. Stay tuned for updates!
Do I need any prior trading experience to use Perpie?
No, Perpie’s user-friendly interface and intuitive features make it suitable for traders of all levels. However, it is always recommended to do your own research and understand the risks involved in trading before using any platform.
How can I contact Perpie’s customer support?
Perpie has a dedicated customer support team that can be reached through email or social media channels. You can also check out our comprehensive help center for any queries or concerns.
Conclusion
In conclusion, Perpie offers a seamless and efficient trading experience for its users with advanced features such as account abstraction, intent-centric trading, and batching transactions. With its focus on user-friendliness and security, Perpie is the go-to platform for traders looking to maximize their profits while managing risk.
Join the Perpie community now and take your trading game to the next level! Happy trading with Perpie! So, why wait? Join now and start your trading journey with Perpie. With its powerful features and user-friendly interface, Perpie is the perfect platform for traders of all levels. Don’t miss out on the opportunity to trade efficiently and securely with Perpie – join the community today!
