To begin trading Perpetual Futures, you first need to create and fund your Perps account within the Blockchain.com app.
Step 1: Open the Perps tab
Navigate to the Perps tab in the Blockchain.com app.
Step 2: Complete onboarding
You will be guided through a short onboarding that explains leverage, liquidation, risk management, and funding rates.
Step 3: Confirm your seed phrase backup
Your Perps account is connected to your wallet seed phrase, similar to the DeFi Wallet.
Make sure your seed phrase is securely backed up before trading.
Step 4: Deposit funds
Before placing a trade, you must deposit funds into your Perps account.
Funds deposited are converted into USDC, the settlement asset used for trading.
Step 5: Choose a market
Browse available markets and select the asset you want to trade.
Step 6: Open your first trade
Once funded, you can open a long or short position.