Where to Buy ApeCoin ?

Where to Buy ApeCoin ?

ApeCoin is one of the hottest crypto assets in 2022. This ERC-20 token is backed by the same team behind the hugely successful Bored Ape Yacht Club NFT collection.


How to Buy ApeCoin – Quick Steps

Looking for a quickfire guide on how to buy APE tokens right now? If so, follow the simple 4-step walkthrough below to invest in ApeCoin at eToro from just $10.

Step 1: Open an eToro Account

You will first need to register with eToro, which can be achieved by entering some basic personal information, alongside your email address and cell phone number. You’ll also need to upload some ID.

💳 Step 2: Deposit Funds

You can deposit from just $10 at eToro if you’re from the US. And, US clients pay no deposit fees. Choose from a debit or credit card, e-wallet, or bank transfer.

🔎 Step 3: Search for ApeCoin

In the search bar at the top of the screen, start typing ‘ApeCoin’. When you see the crypto asset appear, click on the ‘Trade’ button.

🛒 Step 4: Buy ApeCoin 

In the ‘Amount’ box you need to let eToro know how much money you wish to invest in ApeCoin – from $10. Click on the ‘Open Trade’ button to complete your purchase.

Where to Buy ApeCoin ?

Although ApeCoin is a brand new digital currency, some of the largest crypto exchanges in this industry decided to list the token as soon as it was launched.

Binance – Top Platform for Experienced Traders to Buy ApeCoin 

Binance is another tier-one crypto exchange that has decided to list ApeCoin. At this platform, you can trade ApeCoin against a number of crypto and fiat pairs. The latter includes USD, as well as GBP, EUR, and TRY. ApeCoin can also be traded against Bitcoin and BUSD.

Regardless of the ApeCoin trading pair that you decide to speculate on, Binance will only charge you a commission of 0.10% per slide – which amounts to $1 for every $1,000 staked. And, in a similar nature to the previously discussed Crypto.com – lower fees are offered when you hold BNB tokens or stake larger amounts.

With that said, if you wish to buy ApeCoin instantly at Binance with a debit or credit card, additional fees will apply. This stands at a 4.5% processing charge alongside an instant buy commission of 0.5%. As such, if you wish to use a Visa or MasterCard to buy ApeCoin, you’ll be better off with eToro – which charges nothing in fees to US clients.

Alternatively, you might consider making a fee-free deposit via ACH, but this can take several days to arrive in your Binance account as available equity. Nevertheless, once you have purchased ApeCoin at Binance, you will then have access to over 600 alternative crypto assets across 1,000 markets.

This makes diversification an absolute breeze – especially when you consider that there is no minimum trade requirement at this platform. We also like Binance for its crypto lending services and interest-bearing accounts. In terms of the latter, yields are very competitive here – although this will depend on the respective token and lock-up term. You can earn interest on ApeCoin on Binance at 5% APY.

Another reason why we like Binance is that it offers high-level trading tools. This includes the likes of customizable charts and technical indicators, alongside advanced order types and integration with TradingView. This will appeal to those of you that have experience in short-term trading and charting analysis.

What is ApeCoin?

ApeCoin is a crypto asset that is built on top of the Ethereum blockchain – which makes it an ERC-20 token. Crucially, this project was created by the same team behind the hugely popular Bored Ape Yacht Club NFT collection. For those unaware, this collection refers to 10,000 unique NFT drawings – some of which have since sold for over $1 million apiece.

Not only that, but many celebrities – such as Eminem, Jimmy Fallon, Justin Bieber, and Snoop Dogg have since bought Bored Ape Yacht Club NFTs, which has further increased their market value. And as such, this is why there is so huge hype and speculation surrounding the ApeCoin launch.

It is important to note that, unlike its NFT counterpart, ApeCoin tokens are fungible. This means that in a similar nature to other cryptocurrencies like Bitcoin or Ethereum – each APE token is worth the same as the next. Nonetheless, according to CoinMarketCap, a total of 1 billion APE tokens were created, with just under 28% in circulation as of writing.

Perhaps the most controversial aspect of ApeCoin is that those holding a Bored Ape Yacht Club NFT are able to claim 10,000 tokens without charge. Based on a price of just over $10 per ApeCoin as of writing, this amounts to a value of $100,000. With that said, this is still below the amount of money it would cost you to purchase a Bored Ape Yacht Club NFT in the open marketplace.

Bored Ape NFT makers Yuga Labs recently released a teaser trailer of their NFT metaverse project ‘powered by ApeCoin’.

Is ApeCoin a Good Investment?

Like all crypto assets, ApeCoin is a speculative investment – meaning that motivation to buy this digital currency is focused on price fluctuations rather than long-term intrinsic value.

And as such, it’s important to consider both the potential upside and risk of loss before you buy ApeCoin for your portfolio.

In terms of the benefits, you might consider investing in ApeCoin for the reasons discussed below:

The Success of Ape NFTs

Perhaps the main reason why ApeCoin is expected to perform well in terms of market pricing is linked to the success of its Bored Ape Yacht Club NFT series.

For instance, when the 10,000 Ape NFTs were launched in 2021, each collectible was priced at just 0.08 ETH – which amounted to around $200 at the time.

Since then, a number of ApeNFTs have sold for over a million dollars.

And, as noted earlier, a wave of A-list celebrities have since jumped on the Ape NFT bandwagon, which has further amplified its market value.

Although prices have somewhat cooled off in recent months, the cheapest Ape NFT available still sells for hundreds of thousands of dollars.

Ultimately, if ApeCoin is able to replicate the success of its NFT counterpart, the upside potential on this digital asset could be huge.

New in the Market

When newly launched crypto assets first enter the market, this is often the best time to gain exposure. This is because early investments often offer the most favorable entry point in many cases.

As a recent example, the Lucky Block token – which launched in late January 2022, was initially priced at just $0.00015 before hitting highs of over $0.009 just a few weeks later.

In the case of ApeCoin, this crypto asset was only launched on March 18th, 2022. And as such, the earlier you make a purchase, the best chance you have of obtaining a low price.

Instant Listings on Tier-1 Exchanges

When new cryptocurrencies are launched, it often takes several months for the project to be accepted onto tier-one exchanges – if at all.

With that said, ApeCoin stands out in this regard, not least because the project was listed on a large number of popular exchanges the very minute the token was launched.

where to buy apecoin

In addition to the previously discussed eToro, Crypto.com, and Binance – this also includes the likes of Coinbase, Huobi, Kraken, Gate.io, and FTX.

These exchanges are home to millions of clients and attract billions of dollars in daily trading volume. And as such, the fact ApeCoin was listed so quickly in many ways provides the project with instant credibility.

ApeCoin is Trending

The secret sauce of a crypto asset performing well is often down to the amount of hype that the project can generate in the market.

And, in the case of ApeCoin, this project is already trending in the crypto space – even though, as of writing, it’s less than a week old.

In addition to its tier-one exchange listings and association with the Bored Ape Yacht Club NFT series, ApeCoin is also being talked about in leading newspapers and investment journals.

Crucially, for as long as ApeCoin continues to receive widespread media attention, this can only be a good thing for its market value.

Relatively Small Market Capitalization

According to CoinMarketCap, ApeCoin is carrying a total valuation of just over $3 billion at the time of writing. This means that in terms of capitalization, ApeCoin is already a top-50 crypto asset.

However, it should be noted that at $3 billion, this is still somewhat low – especially when you consider that the likes of Dogecoin and Shiba Inu have since hit market capitalizations of over $80 billion and $40 billion respectively.

As such, for as long as you can buy ApeCoin at its relatively small market capitalization, this offers an attractive upside potential that you won’t get with other meme coins that have already flourished.

Risks of Buying ApeCoin?

It is crucial that you consider the risks before you buy ApeCoin, as there is a lot of hype surrounding this digital currency that is potentially unsustainable.

The main risks of investing in ApeCoin are discussed below:

ApeCoin is a Speculative Investment 

There is a clear disparity between the likes of Bitcoin and ApeCoin in terms of intrinsic value. Although subjective, Bitcoin has established itself as the de-facto cryptocurrency of choice and has a verifiable track record that spans over 13 years.

Moreover, Bitcoin has been legitimatized by many corporations (think Tesla and Paypal) and financial institutions – and the digital asset even has a regulated futures market on the Chicago Mercantile Exchange (CME).

ApeCoin, on the other hand, is a brand new digital currency with no track record whatsoever – other than being backed by the team behind the Bored Ape Yacht Club NFT collection. As such, its future value at this stage is largely dictated by hype and speculation.

ApeCoin is a Speculative Investment 

We mentioned earlier that each and every Bored Ape Yacht Club NFT holder is entitled to 10,000 free ApeCoin tokens. If the entirety of this entitlement is claimed – this would amount to 100 million tokens – or 10% of the total ApeCoin supply.

And, based on a price at the time of writing of just over $10 per token, this equates to $1 billion in realizable value.

Should token holders begin to cash out their free ApeCoin allocation in their droves – this will have a significant impact on the value of this project.

Almost 70% of ApeCoin Tokens Yet to Circulate 

Another risk to consider before you buy ApeCoin is that the project only has 28% of its tokens in circulation as of writing.

As and when the team begins to release additional tokens into circulation, this will dilute the value of ApeCoin in the open market.

And, when you consider 72% still remain outstanding, this is something to keep a close eye on.

ApeCoin Price?

When learning about how to invest in ApeCoin, it’s important that you have a firm grasp of how this speculative crypto asset is valued. Put simply, like any other tradable asset – the price of ApeCoin is determined by demand and supply.

For instance:

For as long as ApeCoin is trending, more buyers will enter the market, and thus – its value will increase

If this hype begins to wane and token holders begin to cash out in their droves, the value of ApeCoin will decline

In terms of ApeCoin price performance, this digital currency is just a week old at the time of writing. And as such, the future direction that this digital currency takes remains to be seen.

To keep an eye on the value of ApeCoin, you can view real-time pricing on the CoinMarketCap website.

ApeCoin Price Prediction

As noted above, it is still far too early to make any reliable ApeCoin price predictions.

On the one hand, if ApeCoin is able to replicate the success of its NFT collection, then this digital currency could experience a huge upswing in a very short period of time.

This will be amplified if celebrities holding Ape NFTs decide to claim their 10,000 free token allocation. On the other hand, the value of both ApeCoin and its NFT counterpart is subjective.

Disclaimer: this content for informational purposes only. This should not be taken as financial advice to buy, trade, or sell cryptocurrency or use any specific exchange.