How to buy Apecoin

How to buy Apecoin

The ERC-20 token, the native token of Bored Ape Yacht Club, Apecoin has been one of the best-performing cryptocurrencies this year. However, there have been many inquiries about how Apecoin can be purchased. Here is a complete guide to buying Apecoin:

  • Look for the Exchanges where Apecoin is listed for Trade

With the craze of cryptocurrency, the exchanges offering cryptocurrencies for trade have multiplied. However, every exchange has a limited number of cryptos listed on its platform for trade. Therefore, before investing the first task will be to list the number of exchanges offering Apecoin for trade. Once you have listed the exchanges, the second task will be to choose the right exchange. Every exchange has its own transaction fee, therefore, it will be advisable to study it before zeroing on one exchange.

  • Opening Account with the Exchange

Once you have decided which exchange to go with for trading, the second step will be to open an account with the exchange. As crypto trading involves finances, you will be required to provide your ID proof for verification purposes. Also, you will have to add a bank account or any mode of payment in order to have your account activated. Once done it will depend upon the exchange to activate your account. The exchange verifies your details if everything matches your account will be activated.

  • Adding Money for Trade

Once your account is verified and the bank account or any other mode of payment is linked with the exchange, the next step is to fund your account. The user will have to add money before making any trade. The direct fiat to crypto trade may not be possible therefore, the money is added to the exchange’s wallet and then you will be able to make the purchases.

  • Purchase APEcoin

After adding the money to the wallet, you will have to purchase Apecoin from the exchange. As every exchange has multiple cryptos listed, you will have to search for APE or Apecoin and then click on Trade. Once done you can specify the quantity or the number of Apecoins you want to purchase. After this, you can simply Click Buy and you will have your first Apecoin trade completed.

  • Storing of Apecoin

Once the purchase is done, the next step is to store the Apecoin. Storing depends on the user itself. A user can store the Apecoins purchased in the wallets of the exchange or for security purposes, they can transfer the purchased quantity to a secured external wallet.

Where to Buy Apecoin?

Apecoin is one of the fastest-growing cryptocurrencies and multiple platforms have listed Apecoin for trade. Some of the exchanges where you can purchase Apecoin are:

 Crypto.com: Crypto.com is one of the most popular crypto exchanges with Cronos as its native coin. The platform allows a $50,000 deposit per day through US Bank checking account. The preference of this method is advisable as the exchange does not charge any deposit fees when opting for this payment method. The exchange fee of Crypto.com is 0.4% per slide.

You can have a much lower exchange fee if you consider trading in CRONOS, the native token of crypto.com.

Binance: Binance is one of the most famous crypto exchanges and it has a large number of cryptos listed in it. The best part of the Binance exchange is that it allows you to trade not different currencies and not just USD. In Binance, Apecoin is traded with Bitcoin and BUSD.

Binance has a much lesser exchange fee as compared to crypto.com. The exchange fee of Binance per slide is $0.10. But this fee is applicable only if Apecoin is traded against the Bitcoin pair.

If you choose to buy ApeCoin instantly at Binance with your debit or credit card, a higher exchange fee, as well as a deposit fee, is charged. The exchange fee per slide is 4.5% and the commission is 0.5%.

Binance has slightly different steps to be followed to purchase Apecoin. Here are the steps to be followed to purchase or trade Apecoin on Binance:

  • Create a free account on the Binance website or the app: You can create a free Binance account by three steps:
    • Register via the Binance App
    • Register via the website using your email
    • Register via the website using your mobile number
  • Choose how you want to buy the ApeCoin (APE) asset: The mode of payment on Binance are:
    • Credit/Debit Card
    • Bank Deposit
    • P2P Trading
    • Third-Party Payment

Binance allows you to buy crypto at the selected price for 1 minute after that the price is refreshed to the spot price.

  • Store or use your ApeCoin (APE) in Binance: The last step is to store your purchased Apecoin or to use it as a crypto pair to purchase other cryptos if available.
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.