ApeCoin (APE) is the APE ecosystem’s ERC-20 utility and governance token. It supports the development of a decentralized APE community at the forefront of Web 3.0.
The ApeCoin DAO governs APE, which is funded by the APE Foundation. Token holders that possess APE can vote on DAO governance proposals and gain access to special APE ecosystem features such as games, events, and services.
Yuga Labs, the company behind the well-known Bored Ape Yacht Club (BAYC) NFT collections, has made APE the principal token for all future products and services.
How to buy ApeCoin online – a step-by-step guide
Find a cryptocurrency exchange
An exchange is an online marketplace where you may purchase and sell cryptocurrency with other individuals. It usually has the greatest prices and allows you to switch between coins effortlessly. To buy APE, choose from one of the best exchanges listed below:
- Binance: Binance is the most popular and largest cryptocurrency exchange platform. It has a vast selection of coins and coin exchanges, as well as a useful academy part to teach you the ropes.
- FTX: FTX is a crypto investment platform with more complex capabilities. It provides derivative trading, as well as other services such as leverage and futures markets.
Create an account and fund ApeCoin
Creating an account is straightforward, requiring only some contact information and a form of identification. Additional evidence, such as a utility bill as proof of address, may be required to validate your account, however, this varies by platform.
You can fund your account using a bank transfer or a credit or debit card. Other payment options, such as PayPal, may be offered as well, however, this varies between platforms.
Purchase the ApeCoin
Use the APE symbol to look for ApeCoin. Choose the pair that corresponds to how you wish to pay for your coins from the results list, such as APE/USD if you want to buy with US Dollars.
Choose between a market order (buying now at the current market pricing) and a limit order after deciding how much you wish to buy (fixing your purchase price and waiting until the market price reaches that figure). A market order is preferable for speed, whereas a limit order is preferable for price.
Get a suitable wallet (Optional)
The new coins will appear in your account’s wallet section once your purchase has been completed. You can then transfer them out of the exchange and into a specialized crypto wallet, which gives you additional protection and control over your funds. The following are some of the greatest wallet providers:
Coolwallet: Coolwallet is a web-based or mobile-based online wallet that allows you to store and manage your coins. It’s completely free to join and use, and you can get started right now.
Ledger Nano S: The Ledger Nano S is a hardware wallet, which means it’s a little USB-like device that stores your funds entirely offline. You keep track of your money using an app on your phone or PC.
Should I invest in ApeCoin?
It’s great for folks who wish to learn more about NFTs or invest in the metaverse. Yuga Labs, which also established the Bored Ape Yacht Club and also owns the Cryptopunk NFT project, is the business behind ApeCoin.
It’s important to remember that ApeCoin is a brand-new cryptocurrency, and coins in their early phases of development are notoriously volatile. The fact that it is backed by such a well-known corporation, on the other hand, speaks well for its future success.
Yuga Labs hopes to grow into gaming and metaverse content creation in addition to its role in the NFT realm. ApeCoin is a component of it, and any project Yuga Labs develops is likely to require people to possess ApeCoin to participate.
