Depending on the exchange you’re using, there should be multiple trading pairs available (a trading pair refers to two different assets that can be traded against each other; e.g., APE/USDT). With this information, you’ll be armed with the knowledge and confidence required to start investing in ApeCoin. Swap your fiat for a base cryptocurrency such as USDT, BTC (Bitcoin) or ETH (Ethereum). After swapping, search for ApeCoin, enter the amount of APE you’d like to purchase. After clicking the buy button, your tokens will appear in your trading account within a few seconds. Buying cryptocurrencies can seem daunting at first, especially for those who are new to the world of digital assets.
Frequently asked questions about buying ApeCoin
To use any of the payment methods, it’s necessary is to register an account on Binance. ApeCoin’s ApeCoin DAO invites holders to have their say in the future of the APE Foundation and the ApeCoin ecosystem by voting on proposals and new council members. The foundation is led by a ‘special council’ to help guide the ecosystem’s vision. Members of the council include Reddit co-founder Alexis Ohanian, Yat Siu of Amimoca Brands and Amy Wu, head of ventures & gaming at FTX exchange. Holders of either a BAYC or MAYC (Mutant Ape Yacht Club) NFTs were able to claim ApeCoin for free. BAKC (Bored Ape Kennel Club) owners were also eligible for the claim, but they had to have owned a MAYC or BAYC along with BAKC.
Step 2: Make a deposit or buy ApeCoin with a credit or debit card
Token allocation and distribution information regarding team tokens, NFT holders’ tokens and other amounts can be found on the ApeCoin website. Ledger is one of the most secure crypto hardware wallets for storing cryptocurrencies. Before buying ApeCoin, or any other crypto asset for that matter, there are some general things you should research. Usually, every reputable project has a whitepaper that outlines the project’s goals and provides insight into what the project is aiming to accomplish or what real-world problems it is trying to solve. In addition, you should investigate the team behind the project and search forums and social media for any reports on security concerns. One of the most important rules each investor should follow is to never invest beyond their means.
Find an exchange to buy, sell and trade APE by comparing deposit methods, supported fiat currencies and fees. Enjoy our special welcome offer and get up to $600 in trading free credit on Binance crypto exchange. When placing a limit order, the investor specifies the price they are willing to pay or receive for the particular cryptocurrency. The order remains open until the asset reaches the specified price, or until the order is canceled by the investor. For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide. Ethereum’s POW consensus mechanism employs a decentralized network of miners who compete to solve complex mathematical problems.
Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market. To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready.
How to buy APEcoin step by step guide
ApeCoin, or APE, is an Ethereum-based cryptocurrency token designed with the intention of bringing new utility to the popular Bored Ape Yacht Club (BAYC) NFT collection. Originally launched by Yuga Labs, the BAYC project has enjoyed incredible success and has now become one of the most sought-after NFT projects within the industry. Subsequent NFT collections, including Mutant Bored Ape Yacht Club, have enjoyed equal levels of success. The addition of a native APE token has been designed to decentralize the project’s decision-making and further expand the BAYC ecosystem. CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
The platform will prompt you to add a new card to process the transaction. In addition to making direct purchases of APE, you can also consider setting up limit orders to target your ideal price. Please note, the deposit occurs when the money is received by Uphold. How much APE you can buy will depend on your account limit, with higher purchases requiring increasing/different KYC levels.
Keep track of your ApeCoin investment performance
- To use any of the payment methods, it’s necessary is to register an account on Binance.
- If you’re ready to get started, read on for step-by-step instructions on how you can buy ApeCoin.
- This unique aspect grants the APE Ecosystem’s participants a shared and open currency that can be utilized without the need for centralized intermediaries.
Review the order summary in your MetaMask app, and confirm the transaction to get crypto in your wallet. Find out how to buy ApeCoin and other cryptocurrencies on MetaMask.
- Finder compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services.
- This decentralized approach ensures that the ApeCoin community can actively participate in crucial decision-making processes and collectively determine how the ApeCoin DAO Ecosystem Fund should be allocated.
- The table below shows all exchanges where you can buy APEcoin (APE) crypto, such as Binance, MEXC Global, Gate, etc.
- Meanwhile, the Fear & Greed Index, a popular measure of market sentiment, is 27 (Fear).
- ApeCoin (APE) is the 220th largest cryptocurrency by market cap, valued at US$333,066,965.
However, they may not be executed if the specified price is not reached, even if the price moves in the investor’s favor. Additionally, limit orders may take longer to execute than market orders, as the order will only be executed at the specified price or better. In some cases, limit orders can lead to missed investment opportunities, especially if the limit is poorly defined by the investor. Novice investors are recommended to use a simple but proven dollar-cost averaging (DCA) investment strategy, which alleviates the stress of when to buy ApeCoin and how much to spend. More experienced investors can try to time the market or engage in technical analysis to become more proficient at entering and exiting positions. Instead, you should try to diversify your investments and put yourself into a position where a single project failing doesn’t erase your entire portfolio.
You can also transfer cryptocurrency between exchanges, which can be beneficial if you’re looking for additional features or a more competitive fee structure. The process of transferring crypto between Binance and Kucoin, or any other combination of exchanges, is very straightforward. Every crypto hardware wallet comes with a seed phrase, which basically acts as a key that unlocks the wallet and allows users to transfer the contents of their wallets between different devices. Since it’s recommended to store the seed phrase in a physical form due to security concerns, it’s best to use metal seed phrase storage solutions to protect the seed phrase from being lost or destroyed. The best way to store your crypto securely is by using cryptocurrency wallets.
Best ApeCoin wallets to store your APE
In addition to governance rights, APE token holders can access exclusive passes to Bored Ape Yacht Club games and can also become eligible third-party developers within the wider ecosystem. Although ApeCoin functionally acts as part of the Bored Ape Yacht Club NFT world, it has officially been released by the separate ApeCoin DAO entity and not by Yuga Labs. The new ApeCoin DAO is backed by the APE Foundation board, which is set to act on behalf of all ApeCoin holders. Alongside implementing proposals and ecosystem changes, the APE Foundation is also charged with running daily operations for the DAO, including finances, project development and communication. Afraid of missing out on the next price rally or buying the dip? With crypto alerts, you can set price alerts that will automatically notify you when ApeCoin or any other asset reaches predetermined price limits.
Market orders are best suited for cryptos that have high trading volumes and high liquidity, where the difference in execution price is likely to be minimal. Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen. If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.Most widespead examples of this being the Ledger Nano and the Trezor. These updates indicate that ApeCoin is actively evolving and integrating into various aspects of the digital and crypto space, with a focus on community empowerment and broad utility within the ecosystem. For third-party developers, ApeCoin presents an opportunity to integrate their services, games, and projects into the APE Ecosystem.
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Some popular platforms for buying ApeCoin include KuCoin, Binance, CoinEx, Kraken, OKX, Bybit, Gate, How to buy ape coin and MEXC. It’s important to do research and compare fees, security features, and supported currencies before choosing an exchange, as there are considerable differences between each one. In addition, you should be mindful of your investment approach, crypto storage, and other aspects of buying and trading ApeCoin.
This decentralized approach ensures that the ApeCoin community can actively participate in crucial decision-making processes and collectively determine how the ApeCoin DAO Ecosystem Fund should be allocated. Most exchanges need a minimum $50 deposit to exchange it for crypto. The table below offers a detailed overview of different amounts and their respective costs. This will open the spot trade page, enter in the search box APE/Coin which you have bought or deposited. Once you’re logged in, you should be prompted to the main page. Hover over to “Buy Crypto” and select Credit Card if you want to buy crypto from your Credit Card.