bitcoinBTC/USD
$ 20,099.00
ethereumETH/USD
$ 1,131.50
tetherUSDT/USD
$ 0.999846
cardanoADA/USD
$ 0.455306
xrpXRP/USD
$ 0.32365
usd-coinUSDC/USD
$ 1.00

How to Buy ApeCoin (APE)? – A Step-by-Step Guide

How to Buy APE Guide

The cryptocurrency market has lately emerged as one of the most popular investment opportunities for financial enthusiasts. Several fascinating cryptocurrencies have joined the market recently. At the time of writing, non-fungible tokens (NFTs) have the attention of hundreds of investors. The Bored Ape Yacht Club and its related collections are the most popular NFTs. 

This collection consists of apes that express boredom. As a result, these ordinary-looking works of art attracted several investors. Moreover, the Apecoin (APE) is the cryptocurrency of the Bored Ape Yacht Club, which has exploded in terms of popularity recently. 

What is ApeCoin (APE)?

The BAYC, a Yuga Labs NFT project with 10,000 unique Bored Apes, uses ApeCoin as its governance and utility currency. The ApeCoin DAO oversees and manages the Ape Foundation, which runs ApeCoin. Its goal is to ensure governance as the community grows. As a result, ApeCoin holders became DAO voters, with the Foundation serving as a facilitator.

ApeCoin is an open-source initiative that serves the Web 3.0 economy, in which the creators of online-based material are also the owners. Digital artwork, music, videos, GIFs, in-game items, and so on are all included. 

The potential for blockchain’s cultural effect is so wide that it. APE is a built-on, community-controlled token meant to support whatever will be next. Furthermore, ApeCoin will function as a decentralized protocol layer for community-led activities in the Metaverse, focused on developing culture. 

Objectives

The ApeCoin Project aims to encourage the formation and growth of a web-based, decentralized Web 3.0 community by enabling the following:

  1. Governance: As members of the ApeCoin DAO, ApeCoin users are responsible for voting on proposed protocol notifications and ensuring that the project’s long-term goal is maintained.
  2. Access: Certain aspects of the APE ecosystem, such as exclusive merchandise, games, services, and even events, are restricted to day-to-day users. Ownership of ApeCoins grants access to these resources.
  3. Incentivization:  Ape avatars can be used in games. However, they can also be used in services and other applications.
  4. Spending: As a utility token, ApeCoin also functions as a cryptocurrency. Thus, it unites the whole community and allows them to deal amongst themselves on a decentralized platform. 

How To Buy ApeCoin (APE)?

The top exchanges for trading in ApeCoin stock are Binance, OKX, Bybit, Kraken, and Coinbase. Additionally, its market pairs include BUSD, USDT, BTC, and ETH. Below, we will show you how to buy ApeCoin.

Step 1: Create an Exchange Account

The first step towards purchasing an ApeCoin token is creating an account on a centralized exchange. For this step, we suggest using Binance since it offers the most liquidity for BTC and BUSD. However, if you want to create an account on Binance, you need to provide a considerable amount of information. 

To begin trading in Binance, you need to provide an email address, phone number, and a strong password. After opening your account, you will need to verify your account. Account verification is done by providing your ID document, passport, driving license, or residence permit.

Creating Binance Account to Buy ApeCoin
First Step of How to Buy ApeCoin Guide. Source: Binance

Step 2: Fund Your Account

The next step you will need to take is to fund your Binance account. Funding a centralized exchange account is very easy and you can do it in various ways. Some of the ways you can fund your account on Binance are using credit/debit cards and bank transfers. Thus, Binance allows you to deposit fiat money into your account and purchase crypto directly. 

Before you trade cryptocurrencies, you need to buy them first. Binance offers Peer-to-Peer (P2P) services where you can buy USDT, BUSD, ETH, or BTC using fiat currencies. 

If you want to buy from the P2P platform, follow these steps:

  1. Click Buy Crypto – P2P Trading
  2. Choose your market pair 
  3. Buy directly from other users

However, the easiest way to fund your Binance is by using your credit/debit card.

Funding Your Binance to Buy ApeCoin
Second Step on How to Buy ApeCoin Guide. Source: Binance

Step 3: Buy APE

After creating and funding your Binance account, all you need to do is purchase APE. If you want to purchase with a credit/debit card, simply put the amount you want to spend in your chosen currency.

You can also deposit fiat money and directly purchase APE. The deposit may take up to 2 business days. However, it has no transaction fee and it often executes within minutes.

Now that you have finished the process of purchasing APE, you are officially an ApeCoin holder (HODLer). Before investing, however, please do your own research. One “How to Buy ApeCoin” guide should not be the only material you read before investing.

Purchasing ApeCoin in Binance
Third Step on How to Buy ApeCoin Guide. Source: Binance

Takeaways

  • The BAYC uses ApeCoin as its governance and utility currency.
  • The ApeCoin DAO oversees the Ape Foundation to ensure governance as the community grows.
  • ApeCoin is an open-source initiative that serves the Web3.0 economy.
  • ApeCoin Project enables governance, access, incentivization, and spending as a form to encourage the formation of a decentralized Web3.0 community.
  • The top exchanges that support APE are Binance, OKX, Bybit, Coin Tiger, and Coinbase. 
  • APE’s market pairs include BUSD, BTC, and USDT.
  • You can buy ApeCoin using your credit/debit card, depositing fiat money (bank transfer), or purchasing directly from users by P2P platform.

Also read:

Related News

Central Bank Digital Currencies (CBDCs) – Definition

People are becoming more familiar with the technology behind digital currencies as the cryptocurrency industry continues its rapid expansion. There is a constant emergence of innovative forms of digital currency, and a number of important financial institutions are actively exploring these new forms. Large corporations and even financial institutions are gradually becoming more accustomed to using digital forms of currency. What factors have contributed to the development of central bank

Read More »

Is KuCoin Token a Good Investment – Should You Invest in KuCoin?

The cryptocurrency market saw one of the biggest bull runs in its history back in 2021. During this time, several tokens and cryptocurrencies made millionaires overnight. However, as the market grew, people began taking profits, leading to a market correction. In early 2022, the market was attempting to recover, but with everything that was happening around the world, it failed to do so.  One token that is performing well even during these

Read More »

How to Use Pacoca  – A Step-by-Step Guide

  Pacoca is a comprehensive DeFi hub where investors may monitor and invest in several initiatives. Since its inception, the platform has seen tremendous success, drawing a large number of daily investors who use it daily. Decentralized finance (DeFi) is the most profound change to ever occur in the financial markets, and it is expanding rapidly, with almost new protocols being released each day.  Although, there is still a severe

Read More »

My Coins

bitcoinBitcoin
$ 20,099.003.15%
ethereumEthereum
$ 1,131.503.92%
cardanoCardano
$ 0.4553061.45%
tetherTether
$ 0.9998460.13%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org