Apecoin is a fun and functional token that supports the Bored Ape NFTs. Since Apecoin and Bored Apes are pretty popular nowadays, crypto beginners have started asking questions like “how to buy Apecoin” and “where to buy Apecoin.”
If you want to be a part of the cool APE ecosystem, you can start by reading this article. We will cover the basic steps of buying Apecoin, as well as the essential topics related to the fast-growing APE ecosystem.
Apecoin (APE) Buying Guide
Step 1: Find An Exchange That Supports APE
To start buying APE, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support APE.
Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.
- 500+ Cryptocurrencies Available for Trade
- Fees (Maker/Taker) : 0.075%*-0.1%*
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- 300+ Cryptocurrencies Available for Trade
- Fees (Maker/Taker) : 0.020%*-0.070%*
- Sign-up bonus: 5% reduced trading fees*
- Available in Europe, Asia, Oceania, Africa
- 150+ Cryptocurrencies Available for Trade
- Fees (Maker/Taker) : 1.49%*-3.99%*
- 10$ Sign up bonus
- Available in North America, South America, Europe, Asia, Oceania, Africa
Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification.
You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.
Step 2: Deposit Funds to Your Exchange Account
Before buying an APE token, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.
Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.
Step 3: How to Buy APE Officially?
Learning how to buy APE is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the UNI ticker. You can also look directly for APE trading pairs to save time. Afterwards, just enter the amount of the APE tokens that you want to buy.
You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.
Everything You Have to Know About Apecoin (APE)
When the Bored Ape NFTs hit the global crypto market, they won over the hearts of many collectors and enthusiasts. For a digital collector, owning a Bored Ape NFT is like getting part of something unique and exclusive. Now, the Ape community has become even better with the help of the Apecoin token.
Powered by the Ethereum blockchain, the Apecoin is designed for full utility and governance. Apecoin holders can use the token for voting on active proposals on the Apecoin DAO. Plus, Apecoin holders can access numerous rewards, games, and services. All of these things are available in the exciting APE ecosystem.
If you are a member of the BAYC (Bored Ape Yacht Club), MAKC (Mutant Ape Yacht Club), or BACK (Bored Ape Kennel Club), you’re entitled to some claimable APE tokens. The claimable tokens depend on the current allocation set by the APE ecosystem. Unfortunately, BACC (Bored Ape Chemistry Club) members don’t get claimable APE rewards. Still, this consequence can be a trade-off of BACC’s stable floor price.
How Does APE Work?
It’s easy to get started with Apecoin. First, you must buy an APE token from any available exchange. Second, you may keep the token in your wallet for future trading or staking purposes. Once you have an APE token, you’re now an official member of the Apecoin DAO (Decentralized Autonomous Organization).
You don’t need to be a member of the Bored Ape Yacht Club to gain the benefits of Apecoin. Think of Apecoin as a separate asset that you can use anytime. However, if you’re already a Bored Ape collector, owning an APE token will give you additional incentives over time.
Aside from governance and other utilities, you can use APE to play a game called Benji Bananas. This game requires a Membership Pass that costs 25 APE tokens. As you play the game, you can collect Benji tokens which can be converted to APE.
What Makes Apecoin (APE) Unique?
Apecoin is unique because of its synergy with other Ape-like ecosystems like the BAYC and MAYC. Additionally, the long-term rewards offered by the Apecoin DAO are higher than the incentive options of some blockchain platforms.
Apecoin is also not overwhelming or confusing. It has a strong enjoyable vibe that can be relaxing or fulfilling for thousands of crypto enthusiasts.
Who Are the Founders of Apecoin?
The Founders of Apecoin are the brilliant minds behind a company called Yuga Labs. This company is also responsible for the creation of the popular Bored Ape NFTs. Apecoin’s growing popularity led to the formation of the Ape Foundation.
The Ape Foundation consists of skilled crypto professionals and dedicated investors. They organize the decisions set by the Apecoin DAO and ensure that everything is running perfectly fine. The Ape Foundation board members are also determined to give out rewards to Apecoin DAO members and APE holders.
What Are the Use Cases of APE?
Apecoin has multiple use cases related to the thriving Ape ecosystem. Understanding APE’s use cases will help you determine if the coin deserves to be in your portfolio.
These are the common use cases of APE:
- Apecoin staking
- Payments for services
Who Builds on Apecoin (APE)?
The Apecoin platform is a great place for collectors, traders, and everyone who wants to have a relaxed environment while acquiring crypto rewards. Project builders can use APE tokens for growing or scaling their ideas.
Official website: https://apecoin.com/
Essential Points of the Apecoin (APE) Whitepaper
The Apecoin (APE) Whitepaper emphasized the operating mechanisms of the Apecoin platform. Additionally, the paper highlighted the coin allocation plans of the Apecoin DAO.
These are the strong points of the Apecoin (APE) Whitepaper:
- Governance through APE
- Ease of spending and unification
- Services and utilities for all APE holders
- Incentives for developers and project builders
The Best Cryptocurrency Wallet for APE
After knowing how to buy APE, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.
You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.
On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.
What Factors Affect My Choice of Crypto Wallet for APE?
At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.
Check out the important factors affecting your choice of APE wallet:
- Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade APE right away.
- Not all wallets support a wide range of cryptocurrencies. The best crypto wallets are those that will let you trade hundreds of cryptocurrencies without limitations.
- When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
- Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
- Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.
Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors
Now that you already know how to buy APE, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.
When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.
Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.
If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes.
General Market Overview for Apecoin (APE)
Do you want to learn more about Apecoin (APE) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!
Additionally, here are some important topics in our blog:
- Trading speculation about Apecoin (APE)
- The current market prices of cryptos
- Detailed price charts with comprehensive histories
- Whitepaper summaries of cryptos
- Founder profiles and their related works
- Up-to-date cryptocurrency news and developments