Crypto investors this morning have been unable to take their eyes off of ApeCoin (APE-USD). The currency is set to change the way users interact with the Bored Ape Yacht Club non-fungible token (NFT) brand. And with its immediate surge in market capitalization, it could be one of the hottest altcoins right now. As such, investors are seeking out where to buy the ApeCoin (APE) crypto. While deposit fees on Binance vary, the platform’s trading fees are fixed. However, the broker allows users to enjoy a 25% discount on trades if they pay using its Binance Coin (BNB) native token.
ApeCoin Tokenomics
Once done, click the ‘Create Account’ button to proceed to the next stage. As a governance and utility token, Apecoin can be used for several purposes within the APE ecosystem. For instance, the asset holders can participate in the DAO’s governance, making their https://cryptolisting.org/ opinions about several proposed developments known by voting with the coin. APE holders can also access several exclusive ecosystem features – such as merchandise, events, and games. In terms of fees, eToro offers one of the lowest fees in the market.
Coinbase: Best Exchange For Crypto Beginners
As a beginner, investors will find that there’s a bit of a learning curve when using Binance. The Binance mobile app can also be clunky and difficult to use. However, with more practice and consistency, they should get through this challenge with time. 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 accuracy.
Where can you buy ApeCoin?
When Satoshi Nakamoto came up with the idea of Bitcoin in 2009, no one imagined the economic, societal, and cultural shift it would bring in a short period. While only the “geeks” and “nerds” were initially interested in it, it has since become the go-to place for the new generation across the globe. Cryptocurrencies have also attracted many significant institutions, governments, influential people, celebrities, etc. The technology has found a new vigor with the advent of NFTs (Non-Fungible Tokens), with the Bored Ape Yacht Club among the most popular ones. The Bored Ape Yacht Club has launched ApeCoin (APE), its own cryptocurrency, and if you’re looking to get your hands on these tokens with immense potential, then this guide is for you.
ApeCoin news
- The currency is set to change the way users interact with the Bored Ape Yacht Club non-fungible token (NFT) brand.
- 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 first thing you need to do if you are looking to buy ApeCoin is to sign up for an exchange that supports the cryptocurrency.
- With spot and margin trading, futures trading, staking, and a mobile app, it provides a range of options for trading ApeCoin.
- APE holders can also access several exclusive ecosystem features – such as merchandise, events, and games.
- Another thing is that hot wallets are usually generated for free by the issuing exchange, but cold wallets cost between $50 to $250, depending on the number of assets they support.
Crypto can be stored in an online ‘hot’ wallet, or an offline ‘cold’ storage device like a flash drive. If the exchange doesn’t offer an integrated wallet or an investor prefers to store their ApeCoin elsewhere, they’ll need to invest in storage. Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
You can click on the bars icon next to the limit button to display the price chart of your selected crypto convert pair. Click on Confirm order to get 210 APE tokens into your account. The rise of NFTs has created a cultural phenomenon, and Bored Ape Yacht Club (BAYC) is one of the projects that caught the wave. Following the success, the team behind BAYC debuted its cryptocurrency – Apecoin (APE) – in 2022. If you want to learn understanding the cash flow statement (APE), our step-by-step guide is here to assist you.
This airdrop is fairly distributing the crypto to active community members, but not without tumult. The crypto itself is not a Yuga Labs product; rather, it is the product of a decentralized autonomous organization (DAO) calling itself ApeCoin DAO. This community is looking to decentralize the Bored Apes brand by implementing a currency controlled by community members. Yuga Labs is fully backing the currency, and says it will be using APE to underlie all of its future products. You have now bought APE by funding your Binance account with fiat currency and using a Binance Cash balance. ApeCoin tokens also give access to the ApeCoin ecosystem features, such as exclusive merchandise, games, services, events, etc.
