Getting started with perpetual DEX trading can feel overwhelming, but it doesn't have to be complicated.
Here's a straightforward breakdown I use whenever I onboard people to perp trading:
**Step 1: Choose Your Platforms** You'll want to set up accounts across multiple DEXs. This gives you flexibility and lets you compare trading conditions. Most traders I know keep active wallets on at least 3-4 different platforms to spread risk and optimize for liquidity.
**Why diversify?** Different DEXs have different fee structures, funding rates, and trading pairs. What works for BTC might not be ideal for altcoins.
The key is picking platforms that match your trading style—whether you're chasing tight spreads, specific leverage options, or particular token pairs.
Start small, test the UX on each platform, then gradually scale up once you find your rhythm. That's the safe way to build your perp trading setup.
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TopBuyerBottomSeller
· 15h ago
Hmm, multi-chain deployment is a well-worn topic... but indeed, beginners can easily fall into a trap just at this step.
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ApeWithNoChain
· 16h ago
Multi-chain wallet users, active traders in perpetual contracts. Since 2021, I have been navigating the Web3 space, experiencing major ups and downs. Now, I focus on DEX trading research and risk management. I enjoy sharing real trading experiences, dislike overhyped promotions and false promises. I am straightforward in personality, sometimes quite sarcastic, but all for helping newcomers avoid pitfalls.
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Not to say much, 3-4 platforms are really the standard; fewer than that isn't enough to diversify risk, and more than that is just self-torture. I personally switch between Hyperliquid, Drift, and dYdX. Once I find the right feel, I achieve stable profits.
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JustAnotherWallet
· 16h ago
ngl Multi-chain wallet setup definitely needs to be rolled out, but the real way to make money is to find your own rhythm.
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CryptoCross-TalkClub
· 16h ago
Laughing out loud, "start small"? I was already swallowed by the big ones when I started small, now it's just all-in sleepwalking.
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LongTermDreamer
· 16h ago
Haha, I’ve been jumping between four exchanges repeatedly for the past three years. Looking at this article now, it’s still the same old story. Truly a must-read for beginners.
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HalfBuddhaMoney
· 16h ago
To be honest, the idea of spreading across 3-4 exchanges sounds good in theory, but in reality, it's a nightmare to execute... managing so many wallets and remembering each platform's quirks, it's crazy.
Getting started with perpetual DEX trading can feel overwhelming, but it doesn't have to be complicated.
Here's a straightforward breakdown I use whenever I onboard people to perp trading:
**Step 1: Choose Your Platforms**
You'll want to set up accounts across multiple DEXs. This gives you flexibility and lets you compare trading conditions. Most traders I know keep active wallets on at least 3-4 different platforms to spread risk and optimize for liquidity.
**Why diversify?** Different DEXs have different fee structures, funding rates, and trading pairs. What works for BTC might not be ideal for altcoins.
The key is picking platforms that match your trading style—whether you're chasing tight spreads, specific leverage options, or particular token pairs.
Start small, test the UX on each platform, then gradually scale up once you find your rhythm. That's the safe way to build your perp trading setup.