# Funding a wallet

Before trading on Perpl, you must have an EVM wallet set up. If you already have a funded wallet, you can skip to the next document. If you’re new to the space and do not have an EVM-compatible wallet, it’s important that you make one. Wallets are how you interact with different protocols and are where you can store assets, confirm transactions, and trade. 

### Wallet Setup

Perpl is built on Monad and EVM EVM-compatible chain, meaning you will need an EVM wallet to start trading. There are many different wallets to choose from, including [Rabby](https://rabby.io/), [Phantom](https://phantom.com/), [Metamask](https://metamask.io/), [Uniswap](https://wallet.uniswap.org/) wallet, and more. Visit the sites of any of these wallets and follow the directions there to get started. We recommend setting up your wallet as a Chrome extension to make it easier to connect with Perpl.  

Important: Your wallet will generate a secret recovery phrase. Anyone with this phrase can access your funds. Never share it, and store it securely in a safe physical location.

Now that you have a wallet installed, you will need funds to start trading.

### Collateral Requirements

Collateral, AKA funds, are necessary to trade on Perpl. Perpl currently uses AUSD for all transactions. 

You can send AUSD to your wallet from a centralized exchange wallet or by using fiat onramps directly in the wallet. Depending on which wallet you have selected, your onramp options will be different and we suggest you follow the instructions from your specific wallet. 

You will need to have MON to create an account, AUSD for trade margin on Perpl and some sort of gas token (ETH for ETH/BASE/ARB or SOL for Solana wallets) to bridge your AUSD to Monad. Once you have these assets in your wallet, you’re ready to bridge to Monad and begin trading.

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