How to Buy ApeCoin (APE) in November 2024

ApeCoin is the native token of the APE ecosystem, which was launched in March 2022. It is an ERC-20 token developed on the renowned Ethereum blockchain. Behind ApeCoin is the company Yuga Labs, known as one of the leading players in the Web3 and NFT markets. The NFT CryptoPunks and Bored Ape Yacht Club collections are owned by Yuga Labs and represent two of the most recognized brands in the NFT industry. 

Through the ApeCoin DAO, token holders have the opportunity to get involved in the decision-making process of the APE ecosystem. ApeCoin also offers the benefit of access to exclusive events, games, services and merchandise, enabling token holders to use the token as currency across the ecosystem.

In this guide we will discuss more about ApeCoin, what the trends are for this year and what advantages it can bring to investors interested in this token. We will also introduce you to some of the best platforms where you can buy ApeCoin.

What is ApeCoin?

The cryptocurrency asset known as ApeCoin (APE) has been developed based on the Ethereum blockchain – so it is an ERC-20 token. It is important to note that this project is being developed by the same team that created the hugely popular Bored Ape Yacht Club NFT collection.

If you are unaware, this collection refers to 10,000 unique drawings by the National Film Theater, some of which have since sold for over a million dollars apiece.

It is also reported that many celebrities – such as Eminem, Jimmy Fallon, Justin Bieber, and Snoop Dogg have since acquired Bored Ape Yacht Club NFTs, which has increased the market value of these sorts of tokens. So it should come as no surprise that there has been so much hype and speculation surrounding ApeCoin.

ApeCoin tokens are fungible, unlike their NFT counterparts, which has to do with NFT tokens being non-fungible. Accordingly, as with the other cryptocurrencies like Bitcoin or Ethereum, each APE token is worth the same amount as the previous token. It should be noted, however, that according to CoinMarketCap, some 1 billion APE tokens have been created, and only around 368.59M of them are in circulation at the time of writing.

The most controversial aspect of ApeCoin is that those holding a Bored Ape Yacht Club NFT are eligible to receive 10,000 tokens for free without paying a fee. As part of their NFT metaverse project ‘powered by ApeCoin,’ the makers of the bored ape NFT, Yuga Labs, released a new teaser trailer.

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Why Buy ApeCoin?

The cryptocurrency market is notoriously volatile. Smaller cryptocurrencies such as APE are subject to major price fluctuations every day. Before investing, it is therefore imperative to monitor the market each morning. According to the source, APE price today is trading at $1.44 USD at the time of writing, with a 24-hour trading volume of $57825675.77 USD.

Although there are much larger cryptocurrencies on the market, ApeCoin is an equally competitive investment. ApeCoin offers users access to certain premium ecosystem services such as exclusive games, merchandise, events and services. The token is also a tool for third party developers to participate in the ecosystem through APE. You can also take advantage of ApeCoin staking. This is where you can stake your tokens.

How to buy ApeCoin on eToro

eToro is one of the most popular platforms where any investor can buy ApeCoin. All you need to do to get access to the platform’s features is to follow the steps below to register on eToro.

Step 1: Open an account

You will need to register for an account with eToro since using an FCA-regulated exchange that supports USD payments. It only takes a few minutes, and you will need to provide a few personal details. For verification purposes, eToro will send you a code via SMS. The first step of the registration process requires you to enter the code.

• Name
• Nationality
• Date of Birth
• Email Address
• Phone Number

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Step 2: Upload ID

A government-issued ID copy and a proof of address document are required to verify your account immediately. It could be a tax bill or bank statement, for example.

Step 3: Deposit funds

You can buy ApeCoin by depositing into your account using one of the methods available on the platform or any other supported payment method. You must deposit at least $10, and there are no fees for USD payments.

Step 4: Buy ApeCoin

Enter the amount you want to invest, and you’re done. Any amount up to $10 is acceptable. You can invest in ApeCoin by clicking on the ‘Open Trade’ button. eToro will then execute your order in real-time.

How to buy ApeCoin with PayPal

At this time, PayPal does not offer APE trading. However, you can still purchase APE with PayPal if you use a crypto broker that accepts PayPal payments. You can buy Bitcoin or ETH through the crypto exchange that offers this service and trade it for APE using your PayPal balance.

How to buy ApeCoin with Bitcoin

On some cryptocurrency exchanges, APE can be purchased using Bitcoin. So, instead of a bank account or credit card, you can fund your trading account with Bitcoin. You will need to link your Bitcoin wallet with your exchange account to fund your APE trade.

Buying ApeCoin Safely

The first step in buying APE is to open an account with a brokerage that supports the purchase and sale of APE. Unfortunately, if you live in the US, there are few options to purchase APE directly with fiat currency.

When you decide where and how to buy APE, creating an off-chain wallet to hold your tokens is good. You can store your tokens in a cryptocurrency wallet or a physical device. There are two types of cryptocurrency wallets:

• Hardware wallets, also known as cold storage wallets, are physical devices that work the same way a flash drive does. However, you must connect your hardware wallet via Bluetooth or USB to your computer to transfer tokens to an offline wallet. Hardware wallets tend to store tokens more securely, but they hold fewer types of coins and tokens.
• Software wallets, known as “hot storage” wallets, software wallets store tokens and coins on an online account. Software wallets aren’t as secure as hardware wallets, but they’re free and can typically store more types of assets than hardware wallets. Therefore, new investors or those who only need to store a small amount of crypto can benefit from software wallets.

After selecting your wallet and opening your account, make your purchase. Next, discover what orders you can use to purchase APE on your broker’s trading platform. You might have access to dozens of order types with your broker, which will affect the ApeCoin price prediction at which you execute your order.

Your broker will fulfil your order at an ApeCoin price or under your specific conditions when you submit your order. Most brokers will send you an email or in-app message when your order is completed.

Where to buy ApeCoin in 2024?

Today, ApeCoin is listed on some of the most popular platforms and can be purchased directly, without intermediaries. Next, we will show you where you can buy ApeCoin safely and with low commissions. In our review we have selected platforms that offer robust security measures and are valid in the US. Currently, Binance, Coinbase, and Kraken are among the largest exchanges supporting APE.

1. eToro – Overall best place to buy ApeCoin

If you are looking for a safe, low-cost, and budget-friendly method of buying ApeCoin, there is nothing better than eToro. ApeCoin is a cryptocurrency that can be purchased using this popular online broker that also offers thousands of commission-free stocks and ETFs. Starting at just $10 per trade, you can buy ApeCoins.

As a result, you do not have to invest large amounts of capital into speculative projects like ApeCoin. In this way, you can gain exposure to this crypto asset risk-averse manner. However, as far as fees are concerned, eToro charges a commission of 1% in addition to the spread.

Additionally, if you are a resident of the United States, you will not have to pay any fees for depositing funds into your account. It is also nice to know that you only need to deposit $10 to open a new eToro account.

A risky strategy would be to invest only in ApeCoin, as you would be overexposed to an asset that is still in its infancy. As a result, you will be pleased to know that eToro lists over 40 other leading digital currencies. The list includes high-cap projects such as Bitcoin and Ethereum as well as up-and-coming decentralised coins such as AAVE, UniSwap and Decentraland.

Furthermore, eToro offers copy trading which is another reason why it has attracted more than 20 million clients since its launch in 2007. This gives you access to thousands of verified eToro investors – who you can choose to copy like for like.

This promotes a passive day trading strategy. eToro also offers smart portfolios that are managed by the team. It also tracks markets and sectors such as cryptocurrencies or renewable energy stocks. As part of FINRA, eToro is registered with several tier one regulatory bodies, including the SEC.

eToro fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Note: Only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash, and Ethereum.

2. Crypto.com – Buy ApeCoin after making an instant and free USD deposit

A second popular broker that lets you buy ApeCoin in the US is Crypto.com. Your ApeCoin investment can be funded through US bank transfers at this platform. Using Crypto.com, you can instantly deposit up to $50,000 per day after linking your US checking account.

Moreover, Crypto.com does not charge any deposit fees when utilizing this method of payment, which is a bonus. In contrast, the platform charges a 2.99% fee on debit and credit card purchases. Again, however, this is often waivered for new customers within 30 days of opening an account.

As long as you have funded your Crypto.com account with US dollars, you will be able to purchase ApeCoin at a commission rate of 0.4% per slide, either way. For example, if you purchase $1,000 worth of ApeCoin, your commission will only amount to $4. If you wish to have even lower fees, consider holding CRO tokens native to the Crypto.com website.

The fees for those who trade larger amounts are also more competitive. You might then consider diversifying into other digital currencies after buying ApeCoin on the Crypto.com platform. You will be able to choose from over 250 tokens from a wide range of projects and market capitalizations.

Their crypto lending service is another reason why we like this exchange, as it works similarly to a CD account, where you are paid interest once you deposit some crypto tokens. Similarly, the lock-up period you choose will determine the APY you receive.

While flexible crypto savings accounts pay the lowest interest rate, the best APYs are offered on a 3-month term, for instance. As well as offering interest-bearing accounts, Crypto.com also offers instant crypto loans without the need to undergo any credit checks or the need to file a credit report. That offers an opportunity to increase your crypto holdings - with a maximum LTV of 50%.

Crypto.com fees

Your money is at risk.

3. Binance – Top platform for experienced traders to buy ApeCoin

Binance is another one of the top crypto exchanges globally that decided to add ApeCoin to its list of crypto exchanges. With this platform, you will be able to trade ApeCoin against several crypto and fiat currencies. This includes the USD and the GBP, EUR, and TRY. In addition, you can also trade ApeCoin against Bitcoin and BUSD.

Whatever the trading pair you decide to speculate on, Binance will only charge you a 0.10% commission per slide, which amounts to $1 per $1,000 staked, regardless of whether it's ApeCoin or any other cryptocurrency. Also, just like Crypto.com, you can obtain lower fees if you hold BNB tokens or if you stake a larger amount of BNB.

However, if you wish to buy ApeCoin instantly at Binance with a credit or debit card, you will have to pay additional fees. This costs you 4.5% in terms of transaction processing fees and a 0.5% commission on instant buys. The other option might be to deposit using a fee-free ACH deposit, but this can take a few days to arrive in your Binance account as available equity in your account.

However, once you have purchased ApeCoin at Binance, you will have access to over 600 alternative crypto assets across 1,000 markets after purchasing ApeCoin at Binance.

Diversification becomes a breeze when you consider no minimum trade requirement with this platform. Binance is also well known for its cryptocurrency lending services and interest-bearing accounts. There are very competitive yields on the latter side - although it will depend on the specific token and length of the lock-up period.

Binance offers traders a variety of high-level tools that make it one of the best exchanges. Several features include customizable charts, technical indicators, advanced order types, and integration with TradingView. It will be interesting to those who have experience with short-term trading and charting analysis.

Binance fees

Your money is at risk.

4. Coinbase – The largest crypto exchange in the US to buy ApeCoin

Coinbase has been operating as one of the biggest cryptocurrency exchanges in the United States since 2012. Through Coinbase, both traders and investors have the opportunity to trade and invest in the most popular cryptocurrencies with ease and convenience.

There is no doubt that Coinbase is one of the easiest places to trade cryptocurrencies because it's user-friendly and offers an easy-to-use interface. Additionally, the website's easy sign-up and investment process was specially designed for beginners to make the whole process as easy as possible.

There is no minimum deposit required to start trading with Coinbase. However, the minimum amount you will have to spend on a single cryptocurrency purchase order is $2, and of course you could find the cryptocurrency ApeCoin listed.

Coinbase fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

5. Kraken – The oldest cryptocurrency exchange to trade ApeCoin

Kraken is the oldest and first cryptocurrency exchange and offers over 50 different cryptocurrencies for you to choose from. In the past ten years, Kraken has become one of the world's biggest and most popular cryptocurrency exchanges and is used by several investors for storing their crypto assets.

In addition to letting you invest in cryptocurrencies and pairs, Kraken also allows you to stake your cryptocurrency and earn interest from it. Also, with Kraken, you will be able to deposit as little as $10, and Kraken's customer service team is always ready to answer any questions and help you with any issues you may encounter.

On Kraken investors can easily purchase ApeCoin, starting with a $10 deposit. All they need to do is create an account on the platform and purchase the token. For instance, after you buy ApeCoin, you can trade it for fiat currencies and other cryptocurrencies. Kraken offers deep liquidity and instant trades on over 200 ApeCoin trading pairs.

Kraken fees

Your money is at risk.

Where to buy ApeCoin (APE) – Fee comparison

Risks of buying ApeCoin

Before purchasing ApeCoin, you should consider the risks, as there is a lot of hype surrounding this digital currency that may not be sustainable. Here are some of the main risks associated with ApeCoin investments:

It is a speculative investment

In terms of intrinsic value, Bitcoin and ApeCoin differ from each other. However, despite its subjective nature, Bitcoin has earned its reputation as the de-facto cryptocurrency and has a proven track record that spans over 13 years. Furthermore, Bitcoin has been legitimized by many corporations and financial institutions (think Tesla and Paypal) - and the digital asset even has a regulated futures market on the Chicago Mercantile Exchange (CME).

On the other hand, ApeCoin is a brand new cryptocurrency with no track record, except that the same team backs it as the Bored Ape Yacht Club collection. Therefore, its value at this point is heavily influenced by hype and speculation.

Another risk worth considering before you buy ApeCoin is that only 368.59M of the tokens are in circulation at the time of writing. As the team releases new tokens into circulation, ApeCoin will lose its value on the open market.

Selling ApeCoin

Your tokens will appear in your wallet on the exchange if your broker can fill your order according to your specifications. There are two options here:

Store your tokens in your wallet: You should move them immediately from the exchange to your private wallet if you plan to hold them for a longer period. That increases your level of security and allows you to monitor your investment's value over time. In addition, your tokens can be converted to an intermediary currency or stablecoin once you decide to cash out.

Actively trade your tokens: You can take advantage of short-term price changes by trading daily or weekly if you become an active investor. Because of APE's volatility, you might be able to profit from day-to-day price movements with this strategy.

ApeCoin price prediction

Like most cryptocurrencies, the ApeCoin price has seen an increase after days of declines. APE is also gearing up for a token unlock event, which could influence the price of tokens. The bear market had a significant impact on the ApeCoin price last week, causing it to drop by over 19%.

However, despite this drop, the token has managed to bounce back. According to CoinMarketCap, APE has seen an increase of over 5% in the last 24 hours. The token is trading at $1.44 - 1.45, with a market value of over $530 million.

According to an ApeCoin price prediction dated January 8, the network is preparing for the next set of unlocks, which will release 15.6 million tokens valued at over $22 million at the time of writing. However, this might be less favorable ApeCoin news for investors, as in its history, APE has typically seen price declines after such unlocking events.

Even though the market has seen an increase, some data shows that the BAYC price continues to fall, which could influence the ApeCoin price prediction in the coming days. Also, confidence among cryptocurrency whales is declining.

This dynamic could be attributed to the fact that the top addresses holding ApeCoin saw a drop last week. However, demand for APE continues to persist, with supply on exchanges declining, while supply off-exchange is seeing an increase.

Also, several market indicators point to an upward trend for the ApeCoin price prediction. APE's Money Flow Index (MFI) and Chaikin Money Flow (CMF) have seen increases, suggesting the possibility of a continuation of the upward trend.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Factors that influence the price of ApeCoin

As with any cryptocurrency on the market, the price of ApeCoin is affected by several factors. One of them is the general market and investor sentiment. Last week, Ape Coin saw a 19% drop, which also affected the tendency of investors to invest in the coin.

However, several market analyses show that an uptrend for the token is coming, especially as the token unlocking event will follow. Such ApeCoin news also influences the price and demand of the token. Another important factor to consider is the use cases that ApeCoin offers.

ApeCoin serves various purposes within the ecosystem, functioning both as a utility token and a governance token. Its applications involve providing holders with entry to exclusive features such as games, events, products, and services. Additionally, it enables them to participate in the governance of the DAO.

The APE coin stands out as an easy-to-use cryptocurrency, designed similarly to other Web3 coins. As a widely used ERC-20 token, it is generally recognised as acceptable by most retailers. In addition, the coin is actively used as an NFT reward, allowing Bored Ape Yacht Club (BAYC) holders to immediately redeem their free APE tokens.

Also, ApeCoin staking is available. ApeCoin staking was introduced shortly after the token's launch in 2022. 17.5% of the total APE supply has been staked over three years. This amount is 175,000,000 ApeCoin staking. The tokens can be claimed and unstaked at any time, and staked $APE will continue to have utility such as voting in the ApeCoin DAO.

ApeCoin News

Below we present some of the latest ApeCoin news:

• APE registered negative momentum this week, forcing it to drop lower as it faced stiff resistance at $1.7. Its 14-day Relative Strength Index (RSI) is at 41.85 at the neutral level.
• In 2024, APE will trade at an average price of $1.735 in June and $2.231 in December. In 2025, APE will sell at an average price of $2.306 in January and $3.000 in December.
• One of the ApeCoin news released on X announced the ApeCoin DAO Treasury Dashboard is live. AIP-267 has created a "Treasury" tab on http://apecoin.com that provides transparency on the size of the DAO treasury and the rate of DAO spending.
• As per a tweet by Token Unlocks on the 8th of January, the network was awaiting its next set of unlocks at press time, which would unlock 15.6 million tokens, worth over $22 million.
• According AMBCrypto, APE rises 5% in 24 hours on 10 January, but fears of unlocking loom large.

Conclusion

ApeCoin is a speculative crypto-asset largely driven by the hype in its current form. It appears ApeCoin could have an attractive upside potential if it can replicate the success of its Bored Ape Yacht Club NFT collection. However, there is no guarantee that this will be the case, so do your own research.

ApeCoin can be purchased on eToro, a secure and regulated space. The account opening fee is $10, and you can fund your ApeCoin investment with a debit/credit card or e-wallet instantly.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

FAQs

References

• https://twitter.com/apecoin/status/1745563229798219941?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
• https://coinmarketcap.com/currencies/apecoin-ape/
• https://twitter.com/Token_Unlocks/status/1744068685407682772?t=MPJTAXXYUiqo5rNYnOL_-Q&s=19
• https://ambcrypto.com/ape-rises-5-in-24-hours-of-token-unlocks-and-history-repeating-itself/