To purchase from these exchanges you will need to hook up a Metamask or some other similar wallet. There are also a couple of decentralized exchanges that you can buy ApeCoin from. Instead, I would recommend sticking around on this website to learn more about alt coins before buying anything. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the ApeCoin. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
How to Buy ApeCoin (APE) in 2023: A Simple Guide
- Still though, with the project’s momentous start, APE is already one of the largest cryptos in the world with a market capitalization of nearly $4 billion.
- Alternatively, you could purchase ApeCoin on a decentralized exchange by swapping another cryptocurrency for it.
- First, we provide paid placements to advertisers to present their offers.
- If, however, you are interested in making your purchase on a centralized exchange then here are step by step instructions on purchasing Ape Coin on coinbase.
- It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders. We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. There is a growing number of charities that accept donations in APE (ApeCoin) and other cryptocurrency. Gain access to the ApeCoin DAO, where you can vote on the DAO’s governance and use of its Ecosystem Fund.
Who owns ApeCoin?
While its market capitalization is still considered small, the price of APE can be quite volatile when compared to those with a larger market cap during strong market changes. The cheapest way to do it is to buy BTC with your bank and exchange BTC for APE. Cryptocurrency is decentralized by default, and because of this, users are completely responsible for securing their assets. If you want to buy APE at the latest price, click on the Market tab, then enter the amount of APE you wish to purchase. The order should be done almost instantly, and the coins will be added to your Gate.io balance soon. To transfer your Bitcoin from Coinbase to your Gate.io wallet, copy your address.
Purchase your ApeCoin, select a buy order type
The Bored Ape Yacht Club (BAYC) is a highly popular NFT collection composed of 10,000 unique images of cartoon apes. During the height of the NFT boom in 2021, Bored Ape emerged as one of the most popular NFTs, with rare Apes selling for hundreds of millions of dollars. Swap your ApeCoin for another cryptocurrency directly in your wallet or by using a DeFi application. Use your ApeCoin (APE) to purchase goods and services from any participating merchant that accepts ApeCoin.
What Is ApeCoin?
It seems plenty of investors aren’t shaken by this volatility, likely due to the reputation of a project endorsed by one of the largest NFT collections in the world. With this in mind, there are many places to buy the ApeCoin (APE) crypto to get in on the action. Still though, with the project’s momentous start, APE is already one of the largest cryptos in the world with a market capitalization of nearly $4 billion.
The UK regulator, the Financial Conduct Authority, has repeatedly warned investors that they risk losing all their money if they buy cryptocurrency, with no possibility of compensation. ApeCoin’s value has gone up and down since it was introduced earlier this year. This kind of volatility in the crypto market has concerned the UK’s financial watchdog, the Financial Conduct Authority (FCA). The FCA has warned investors that anyone who invests in crypto should be prepared to lose everything.
When purchasing ApeCoin, there are several factors to consider, including choosing an exchange to purchase it from and transaction method. Fortunately, we’ve compiled a bunch of reputable exchanges to help you with the process. After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases. The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. Don’t leave your APE on an exchange, they may be at risk if the exchange platform or your account get hacked.
For example, pancake swap allows you to trade Ape Coin with other coins. However keep on mind that on such exchanges it is the wrapped version of Ape Coin that you will be trading here (See what is wrapping in crypto for more). You can basically use debit card, credit card, or even PayPal to buy the ApeCoin (or any other cryptocurrencies). It’s not like you pay with cash and you get the ApeCoin as the exchange.
With the recent talent that’s been added to Yuga Lab’s team, many investors are confident in the project’s ability to deliver on its roadmap. However, the easiest way to fund your Binance is by using your credit/debit card. Before you trade cryptocurrencies, you need to buy them first.
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. The price of ApeCoin (APE) is calculated in real-time by aggregating the latest data across 100 exchanges and 158 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. ApeCoin price has risen 3.86% in the last 24 hours, thanks to an increase in trading volume and market cap. Find a good platform to exchange your APE to other cryptocurrencies.
Yuga Labs is fully backing the currency, and says it will be using APE to underlie all of its future products. A bet on ApeCoin is a bet on Yuga Labs, as well as NFTs and Ethereum’s blockchain as a whole. That being said, Bored Ape Yacht Club set the standard in the NFT industry and is clearly the top dog. The project continues to innovate and add utility to its ecosystem.
After depositing funds into your Coinbase account, you need to click on “Withdraw,” input the amount you want to buy ApeCoin, and go to “Trade” to select your market. ApeCoin(APE) is the APE ecosystem’s ERC-20 governance and utility token. It allows the ApeCoin holders to become members of the ApeCoin DAO and participate in decision-making. A Decentralized Autonomous Organization (DAO) in crypto is like a venture capital fund comprised of crypto enthusiasts and investors. It differs from a conventional venture fund in that it’s governed by computer codes or smart contracts to protect user autonomy and prevent centralization of power and control.
Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. It’s intended to serve as a decentralized token for various community-led initiatives. Since ApeCoin is an ERC-20 token, it runs on the Ethereum network. The BAYC and MAYC collections distributed over $800 million in assets to their owners as part of the available 150 million tokens.
Gate.io is available in both English and Chinese versions, the latter has been key in attracting Chinese investors. The transfer might take a little while to get into your MEXC account. The transfer might take a little while to get into your BitMart account. Search for “Bitcoin” and click on “Deposit” to find your Bitmart Bitcoin address. This Cryptocurrency exchange was established in the Cayman Islands and became publicly accessible in March 2018. The transfer might take a little while to get into your Huobi account.
The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse. Yuga Labs is a web3 company best known for the creation of the Bored Ape NFT. It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects. Please keep in mind that this analysis is only based on ApeCoin historical price movements and is not intended to be financial advice.
The NFT community knew the token was coming eventually, but most didn’t have a clue it was coming so soon. Its release was only announced a day before the launch, and the token is available on several top-tier exchanges as of March 17, 2022. Exciting token launches like this almost always breed volatility in the token itself and the market in general and ApeCoin is a prime example.
Originally, Huobi was a Chinese exchange, but it moved base to Seychelles. Huobi is one of the six crypto exchanges registered and based in Seychelles. Its liquidity, ever-present and responsive customer service, and strong security are its main attractions. Cryptocurrency experts typically advise investors against why invest in fidelity index funds leaving funds on a centralized exchange because exchange bankruptcies can lead to a complete loss of assets held with the company. While purchasing ApeCoin on a crypto exchange is arguably the simplest option, you could also purchase APE on a peer-to-peer (P2P) exchange or a decentralized exchange (DEX).
If you are new to cryptocurrencies and don’t have an account already, get started by creating an account on Binance using the Binance app on your mobile devices or the website on your desktop. You’ll only need to provide a valid email address and phone number to create an account on Binance, but you can only trade once you complete your KYC verification. To complete your KYC, you need to provide a government-issued identity document and a selfie. The verification process usually takes between a few minutes to hours. After you get verified, you need to deposit funds for purchasing ApeCoin.
The Mutant Ape Yacht Club (MAYC) is a group of 20,000 apes that have undergone mutations since the original BAYC apes were created. 10,000 mutant serums have been airdropped to first BAYC NFT holders, having three levels of serums increasing the uniqueness of traits. As the serum is used up, each BAYC can only make one mutant using a single variety of it.
However, investing only what you can afford to lose is crucial as profits are not guaranteed in the volatile cryptocurrency market. Head to the trading page on your chosen exchange, locate the APE token and place an order for the desired amount. Double-check the transaction details before confirming to ensure https://forexbitcoin.info/ accuracy. The third companion collection made by Yuga Labs, Bored Ape Kennel Club, earns holders an extra 856 ApeCoin but only when they also have a Bored Ape or Mutant Ape. YugaLabs decided on this allocation by taking a snapshot of each collection’s floor price and using the ratio between them.
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3. ApeCoin can be staked to earn additional APE tokens, making ApeCoin a yield-generating crypto asset. All you need to do is connect your crypto wallet and start earning staking rewards.
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the ApeCoin right away. The fastest way is to use a credit card but you will then be charged higher fees. Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange.
So, if you own ApeCoin or any other crypto, including NFTs, it’s a good idea to store them in your private wallet to retain complete control over your assets. Binance is a leading cryptocurrency exchange with a strong track record of security and reliability. Offering a vast selection of supported cryptocurrencies including ApeCoin, it provides an intuitive and seamless trading experience for both seasoned and novice traders.
The ten most popular trading pairs on the platform responsible for most of the platform’s trading volume have USDT as one-half of the pair. According to Coingecko, they are ranked in 7th position on the list of exchanges with the largest number of supported crypto assets compared to other spot trading exchanges. However, American investors should decide if their country imposed any regulation against trading cryptocurrency on foreign exchanges.