How to Buy ApeCoin

ApeCoin is a unique token that has sparked the curiosity of many people interested in cryptocurrency.

There are three places to buy it – at either a crypto, P2P or decentralised exchange. Here you’ll take a closer look at these options, along with how to use them.

In the ever-changing world of cryptocurrencies, ApeCoin has emerged as a unique and popular digital asset that is a part of the APE ecosystem.

It has become no surprise that an increasing number of people are interested in this distinctive token.

From traditional exchanges to peer-to-peer platforms and decentralised exchanges, here you’ll explore the various avenues available to acquire ApeCoin and become a part of an innovative ecosystem.

Read on to find out more.

Where to Buy ApeCoin in 2024

1. eToro
2. Binance
3. Kraken
4. Gemini

eToro is a social trading and multi-asset brokerage company that offers trading in cryptocurrencies, stocks, and other financial assets.

To begin trading on eToro, you first need to create an account. The platform requires users to complete a verification process, which usually involves providing personal information and documents in compliance with Know Your Customer (KYC) and anti-money laundering (AML) regulations.

Once your account is set up and verified, you can deposit funds. eToro offers various funding methods, including bank transfers, debit cards, and e-wallets. The available funding options may vary depending on your location.

You can purchase ApeCoin directly on eToro. The platform is known for its user-friendly interface, making it straightforward to buy and sell cryptocurrencies.

One of eToro's unique features is its social trading aspect. This allows users to follow and copy the trades of experienced investors, which can be particularly useful for beginners or those looking to learn from more experienced traders.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

Binance, one of the world's leading cryptocurrency exchanges, offers a platform for buying, selling, and trading various cryptocurrencies, including APEcoin.

Binance typically lists popular cryptocurrencies with various trading pairs. APEcoin, being associated with the Bored Ape Yacht Club (BAYC) and having gained significant popularity, is likely to be listed with several trading pairs.

This means you can trade APEcoin against other cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and possibly fiat currencies, depending on Binance's offerings.

As a major exchange, Binance generally offers high liquidity, which is crucial for trading any cryptocurrency, including APEcoin. This means that you can buy and sell APEcoin with minimal slippage (the difference between the expected price of a trade and the price at which the trade is executed).

Binance is known for its robust security measures. However, as with any online platform, it's crucial to follow best practices for security, like using two-factor authentication (2FA) and being cautious of phishing attempts. This is particularly important when trading or holding assets like APEcoin.

Binance's fee structure is an important consideration. They typically charge per transaction, and these fees can vary based on factors like your trading volume, whether you're a maker or a taker, and your Binance Coin (BNB) holdings. It's advisable to understand these fees before trading APEcoin on the platform.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two mins to learn more.

Kraken is a well-established and reputable cryptocurrency exchange that offers a variety of features for buying and selling ApeCoin (APE).

Kraken is a reliable option for purchasing ApeCoin with its user-friendly interface, advanced trading tools, and robust security measures. It supports fiat deposits and withdrawals, making it accessible to a wider range of investors.

Kraken's interface is straightforward, making it easy to navigate and execute trades for beginners and experienced traders alike.

Kraken allows you to deposit and withdraw fiat currencies like USD, EUR, and CAD, making it convenient for buying ApeCoin with traditional currencies.

Kraken provides advanced trading tools like limit orders, stop-loss orders, and trailing stop orders, allowing you to manage your risk and maximize your trading opportunities.

Kraken offers margin trading on ApeCoin, enabling you to amplify your trading position and potentially increase your profits (or losses).

Kraken prioritizes security, with features like two-factor authentication, cold storage for majority of reserves, and regular security audits to protect user funds.

Kraken's trading fees are relatively competitive, with tiered maker and taker fees based on your 30-day trading volume. For ApeCoin, the maker fee ranges from 0% to 0.16%, and the taker fee ranges from 0.26% to 0.16%.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.

Gemini is a highly regarded cryptocurrency exchange that offers a comprehensive platform for buying, selling, and trading ApeCoin (APE).

It is known for its user-friendly interface, advanced security features, and competitive trading fees.

Gemini's platform is designed with simplicity in mind, making it easy to navigate and execute trades. Even novice traders can easily grasp the interface and manage their ApeCoin holdings effectively.

Gemini prioritizes security by employing industry-standard measures like two-factor authentication, cold storage for majority of assets, and regular security audits. This ensures that your ApeCoin investments are protected from potential cyber threats.

Gemini provides advanced trading tools like limit orders, stop-loss orders, and trailing stop orders, allowing you to effectively manage your risk and optimize your trading strategies.

Gemini's trading fees are relatively low, with maker and taker fees starting from 0.4% and 0.5%, respectively. This makes it an attractive option for traders seeking to maximize their returns on investment.

Gemini supports fiat currencies like USD, EUR, and GBP, making it convenient for purchasing ApeCoin with traditional currencies. This eliminates the need for exchanging fiat into cryptocurrencies before buying ApeCoin.

For experienced traders seeking more advanced features, Gemini offers an ActiveTrader platform with advanced charting tools, customizable order types, and real-time market data.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

What Is ApeCoin?

You may be asking yourself, ‘Should I buy ApeCoin?’ If so, it’s best to learn a little more about it.

ApeCoin can be described as a distinctive utility and governance token which holds a prominent role within the dynamic of the APE ecosystem.

This is an ecosystem which comes from the infamous Bored Ape Yacht Club (BAYC) which is a sought-after collection of non-fungible tokens (NFTs).

The BAYC rose to prominence as an NFL collection featuring 10,000 cartoon ape images which soon gained widespread appeal.

It boomed in popularity during the NFT frenzy, with many of these apes being sold for an incredible sum of money.

For a while, the popularity of the Bored Apes wasn’t limited to just the NFT community.

There were many prominent people who adopted these NFTs as profile pictures on various social media platforms, further enhancing its cult-like status.

Birth of the ApeCoin

To help cement the community around the APE ecosystem, the APE foundation thought it would be a good idea to introduce ApeCoin in March 2022.

The coin was actually built on the Ethereum blockchain and follows the ERC-20 standard to ensure that it has high compatibility and usability across the crypto landscape.

However, the ApeCoin has proved to be much more than just a regular crypto coin.

ApeCoin can serve many different purposes within the APE ecosystem. This allows it to be much more of a community than just a coin.

The largest benefit is that ApeCoin allows holders to take part in decisions that affect the APE ecosystem through its decentralised autonomous organisation called ApeCoin DAO.

This allows users to have a say in various aspects of the ecosystem's development.

There is also a more fun aspect to being an ApeCoin holder than just decision-making.

Users have access to a wide range of events, engaging games, specialised services and distinctive merchandise within the APE ecosystem.

Finally, ApeCoin also plays an important role in incentivizing third-party developers to actively contribute to the growth and enhancement of the APE ecosystem.

It allows developers to build applications and services that integrate and harness the potential of ApeCoin.

It’s clear to see why so many are interested in ApeCoin, as it’s much more than just a token.

It helps bind together an ecosystem that brings together a community that is interested in both art and technology.

Now that you know what ApeCoin is, let’s look at where to buy it.

Learn How to Buy ApeCoin

Now that you know all about ApeCoin, you’ll be interested to know where to buy ApeCoin from.

While not available in the wide range of exchanges as the likes of Bitcoin are, the process is similar to purchasing many other types of digital assets.

This means that while ApeCoin is not too difficult to acquire, there are a few unique aspects to consider.

Let’s have a closer look at how and where to buy ApeCoin.

Choose an Exchange

Unlike widely recognised cryptocurrencies like Bitcoin and Ethereum, ApeCoin is not available on every exchange.

Your first step needs to be researching exchanges that accept the coin and compare their various features.

It has become available on an increasing number of exchanges, so you’re not going to be short of options. Examples of some of the biggest exchanges that support it are Binance, eToro, Kraken and Gemini, but there are at least 20 others you can choose from.

Researching available exchanges is important, especially if you’re a beginner.

You’ll want to compare various factors such as fees, user interface and security. Once you do, you can research the one that most closely matches your needs.

Sign Up

After you’ve found the perfect exchange, the next part is to simply sign up and create your account.

The exact process will change from one exchange to another, but usually you need to complete the Know Your Customer (KYC) process.

The KYC process is one where you have to verify your identity and your risk profile will be assessed.

The reason this is used is to protect against financial crimes such as terrorism financing and money laundering.

Deposit Funds

Once you’ve set up your account, then it’s time to deposit your funds.

It’s worth noting that an exchange may not accept every type of payment method. For example, if your preferred method is to deposit via PayPal, not every exchange will support this.

Due to this, you should ensure that any exchange you want to use accepts your preferred payment.

It’s also worth noting that certain credit/debit cards might block cryptocurrency-related payments, so you’ll want to check this too.

Buy ApeCoin

Once you have chosen your cryptocurrency and deposited funds, you can move on to purchasing ApeCoin.

This is usually a simple process, as you can click on ApeCoin from the list of tradeable assets or search for it.

Once you have found it, then you can place your order for however many ApeCoin you want to buy.

Your APE tokens will then be on your account, and you’ll now be a proud owner of ApeCoin.

Store the Coin

The final part of the process is to store your ApeCoin.

This is required to keep your tokens secure, and you’ll have two options of either using a hot wallet or cold wallet.

Let’s look at the difference between the two.

Hot Wallets

A hot wallet is a digital wallet that is connected to the internet. This gives them a high level of convenience if you want to make regular transactions.

There are a few different varieties including mobile apps and desktop software.

The biggest advantage of these wallets is their huge convenience. While they are easier to use, they are more susceptible to hacking and security breaches.

Cold Wallets

Cold wallets are also called hardware wallets, as these are devices, such as a portable hard drive, that allow you to store coins offline.

The big advantage here is clear your cold wallet can't be hacked when offline, minimising the risk.

While they offer security, they are less convenient for those who want to make regular transactions. Due to this, many like the idea of using both hot and cold wallets to get a mix of both security and convenience.

There are other ways to buy ApeCoin, which you’ll learn more about later, but many see using an exchange as by far the easiest way to do it.

In light of that, it’s worth looking at how to choose the best exchange for ApeCoin.

How to Buy ApeCoin – Other Options

A cryptocurrency exchange isn’t the only option when it comes to buying ApeCoin.

There are two other options, which are peer-to-peer exchanges and a decentralised exchange. These may be more suitable for you, depending on your needs.

Peer-to-Peer (P2P) Exchanges

P2P exchanges allow a more direct way for buyers and sellers to interact without the middleman of a cryptocurrency exchange. This can be an ideal way to lower your fees and allow for a quicker transaction.

Here’s how it works:

• Marketplace selection – First, you need to choose a P2P exchange that supports ApeCoin trading. There are a number of different options out there, such as LocalBitcoins and Paxful.

• Account setup – Next, you need to sign up and complete any required verification steps. This ensures that you’ll be trading in a secure environment with traders you can trust.

• Search and select – You’ll then be able to browse through available offers for ApeCoin on the platform. Sellers will list their offerings, specifying the price and payment methods they accept.

• Negotiation and purchase – After finding a suitable offer, you can initiate a trade with the seller. Communication features within the platform allow for negotiation and agreement on the terms of the trade.

• Escrow and transaction – Escrow is whereby the funds will be held by a third party until both parties meet their end of the bargain. This avoids theft or any disagreements. Once the payment is confirmed, the ApeCoins are released to the buyer.

Decentralised Exchanges (DEXs)

The final option is to use a decentralised exchange. These provide a decentralised and often more private way to trade cryptocurrencies.

Here's how you can buy ApeCoin on a DEX:

• Select a DEX – Choose a decentralised exchange that supports ApeCoin trading. DEXs like Uniswap, SushiSwap and PancakeSwap are popular options.

• Wallet connection – Once you’re all set up, you’ll need to connect your cryptocurrency wallet that holds the assets you intend to trade. DEXs interact directly with your wallet, ensuring that you remain in control of your funds.

• Choose trading pair – On the DEX platform, select the trading pair that involves ApeCoin. This might involve trading ApeCoin for other Ethereum-based stablecoins (like USDC or DAI) or Ethereum itself.

• Initiate trade – Specify the amount of ApeCoin you want to purchase and confirm the trade. The DEX will execute the trade based on the current market conditions and prices.

If you’re new to the world of cryptocurrency, crypto exchanges are generally seen as the simpler and more secure method of trading. However, P2P and decentralised exchanges offer more privacy and flexibility.

Another factor to consider is that the availability of ApeCoin on P2P and DEX platforms can be inconsistent. Always research and understand the process before initiating any transactions.

Should I Buy ApeCoin? Is ApeCoin a Good Investment?

All crypto coins are volatile, which makes the question of, ‘Is ApeCoin a good investment?’ a very difficult one to answer. Whether or not to buy ApeCoin crypto should depend on your own judgement, the ApeCoin price history and your prediction about its future trends.

The price of crypto is often unstable. All investments are a gamble, but that is even truer with cryptocurrency. Due to this, it’s important not to invest more than you can afford to lose, just in case the ApeCoin price plummets.

Frequently Asked Questions

Final Thoughts

ApeCoin is one of the most unique digital assets on the market today.

As an owner, you'll be part of the APE community that was born out of the Bored Ape Yacht Club, which aims to fuse art, innovation and collaboration.

For those looking at how to buy ApeCoin, there are three options – a crypto, P2P or decentralised exchange.

Crypto exchanges are seen as the easiest option, but it's best to do your own research to see which one is right for you.