How To Buy Pepe Coin (PEPE) in May 2024 for Beginner’s

The Pepe Coin is the latest in the list of meme coins to create a buzz in 2024. This relatively new project is about reviving the declining trend of cryptocurrencies and primarily revolves around making meme coins great again.

Despite being a meme coin, this new project has gathered the interest of several investors due to its unique appeal and fundamentals. Moreover, the coin’s entry into the top 100 cryptocurrencies just weeks after its launch has made it an investor’s favorite meme coin in a defined span.

Read on to learn more about how to buy Pepe coin in the following sections of our blog. But first, let’s quickly review how to buy Pepe coins in this short overview.

What is Pepe Coin (PEPE)?

Pepe Coin is a meme coin that was inspired by the PePe the Frog meme that went viral on social media in the 2000’s . It shares its roots with other meme coin projects without intrinsic value, fundamental utility, or specific utility.

According to its official website, the PEPE meme coin is designed to be the most popular project in the industry. The token retains the concepts of existing tokens, making it equivalent to the likes of other popular tokens such as Floki Inu (FLOKI), Shiba Inu (SHIB), Dogecoin (DOGE), and so forth.

Interestingly, however, this lucrative frog-themed token is regarded as one of the most ‘memeable’ meme coins to be built on the Ethereum Blockchain. Pepe coin does not have a formal roadmap or a distinguished team. It is based on a joke created as a tribute to the popular “PEPE the Frog” internet meme character that gained popularity during the early 2000s.

This ERC20 token leverages a deflationary mechanism where a small portion of the tokens burn with every transaction. This way, the project creates scarcity while increasing the value of remaining tokens over time.

The token currently ranks at #83 (as per data from CoinMarketCap) and first started trading around $0.000000001 on April 15, 2023.

PEPE tokenomics

Before you decide to buy a Pepe coin, it’s crucial to understand the tokenomics that define the crypto. As per its whitepaper, the total supply of the PEPE token is 420,690,000,000,000. Interestingly, the amount of PEPE here is an homage to the popular meme numbers 69 and 4:20.

According to the website, a total supply of 93.1% is dedicated to the liquidity pool. The remaining 6.9% of the total PEPE supply is held in a multi-signature wallet that would be used for future listings on liquidity bridges, centralized exchanges, and pools (according to the official website).

However, if you’re a keen investor who wants to make informed investments, you can track the multi-sig wallet with the ENS name “pepecexwallet.eth.” Lastly, the remainder of the tokens were burned, and their contract was renounced.

Pepe Coin use cases

While there’s no specific use case for the Pepe coin, recent developments and the hype over the token have renewed its usability across different sectors. As per the latest updates on the project, Pepe coin is more than a joke with no specific use case.

Investors today can easily leverage functionalities like:

✔️Earn returns on investment

Investors who invest in Pepe coin at a low price may be able to earn a return on their investment. Meme coins have a history of exploding due to shifts in sentiment and investor interest. By purchasing when prices are low, investors could take advantage of potential spikes. However, it is difficult to predict when exactly these will be.

It is also possible to earn crypto interest on PePe coins. To receive interest on PEPE tokens, you can provide the coin as liquidity on a DEX like Uniswap. This provides investors with a way to maximize returns over time.

✔️Access to the Pepe discord server

The PePe Coin project has built a thriving community that can be accessed through Discord. After acquiring the token, you receive access to the gated PEPE Discord server, Pepe Palace.

Once you’ve made it to the group, you also become a part of the thriving PEPE community. The Discord channel works as an excellent medium for new investors who want to know more about the potential and future developments of the project.

✔️Pepe academy

The Pepe Academy is another unique use case for project investors. As per the roadmap, the Pepe Academy is a work in progress. It is a unique place where investors can access educational tools around the project, along with Pepe merch and Pepe Tools.

Users will likely pay for these goods and services as a form of payment in PEPE within the ecosystem. This will bring utility to the PEPE token.

✔️Access to governance

The concept of the Pepe coin revolves around having no fixed team to work on its operations. Instead, the project’s operations, governance, and decision-making are managed via its investors. Token holders can take part in governing the ecosystem. This creates a transparent and fair network with no centralized authority.

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.

A Complete Guide on How to Buy Pepe Coin (PEPE) in 2024

If you’re still unsure about how to invest in PEPE, the following is a comprehensive guide that will walk you through the exact steps of buying the token.

PePe coin is available to buy through decentralized exchanges including Gate.io and OKX. TO purchase PEPE tokens, you will need to own a hot crypto wallet that can be connected to your chosen DEX. After setting up a wallet, follow the steps below to buy PEPE.

Step 1: Buy ETH from eToro

To start your investment journey in PEPE, you must first invest in ETH. You can buy ETH from a number of platforms but we will use eToro for this guide. Sign up and create an account on the platform by providing your details, email, and phone number.

Once your account is active, you must verify it using reliable proof of ID and complete the KYC process to purchase cryptos from the marketplace. After verifying your account, fund your eToro trading account to purchase ETH from the online marketplace.

Step 2: Move ETH to the eToro Money wallet

After buying ETH, you must transfer the cryptos from your eToro trading account to the eToro Money wallet. This will enable you to send the tokens to an external wallet that can be connect to a DEX.

To transfer your cryptos, simply head to your eToro account and navigate to your portfolio. Then, click ETH and choose ‘send’. Here, send the tokens to your eToro Money wallet. Before doing so, make sure that you have the eToro Money app downloaded on your phone.

Step 3: Transfer ETH to MetaMask

For the next step, you need to transfer your ETH tokens to MetaMask or any wallet that can be connected to a DEX.

Transferring your digital assets from eToro to Metamask is fairly straight forward but you must double check every step of the process and use a reliable internet connection.

Go to your eToro Money wallet, select your ETH tokens and then press ‘export’. Here, enter the address of the Metamask wallet that you wish to send the tokens to. Double check this address before confirming the action. Once you send the tokens, you cannot reverse the process.

After a few minutes, you should see the tokens appear in your Metamask wallet.

Step 4: Connect MetaMask to DEX

In this stage, you need to connect your MetaMask wallet to the DEX that you would like to use to buy PEPE.

Open your DEX brokerage and go to the right-hand side of the platform. Once there, choose MetaMask among the list of wallet options and enter your password to connect the wallet.

Once logged in, verify the connection by clicking on the three bars on the right-hand side. After this step, MetaMask would have given you a green status and highlighted your account.

Step 5: Swap ETH for PEPE

Now that your MetaMask is connected to the DEX brokerage, it’s time to swap your ETH for PEPE through the live marketplace.

Search for the token using the ticker symbol and then enter the amount of PEPE that you would like to buy. Confirm the transaction and wait a few minutes for the coins to appear in your wallet.

You can check the transaction on Etherscan to confirm that the exchange has been a success.

Step 6: Move tokens to a secure crypto wallet

For the final step of how to buy Pepe coin in the US, you’ll need to move your tokens to a secure crypto wallet. Doing so will protect your tokens against internet hackers. The best wallets to consider are hardware wallets that are not connected to the internet.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Pros & Cons of Buying Pepe Coin in 2024

As with any investment, it’s essential to understand the pros and cons that define a new cryptocurrency. Similarly, the Pepe Coin project has several aspects and some downsides, which we will look closely into in this section.

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.

Conclusion

PEPE is a popular meme token that saw significant growth earlier this year. Since its catastrophic launch onto the markets, the project has attracted the interest of investors who are hoping to catch the next price surge.

In this guide, we have taken a look at how to buy PePecoin in 2024 using a DEX. PePe coin is currently available on OKX and Gate.io. Before buying PEPE, you will need to purchase ETH tokens that can be swapped for the meme coin.

Before investing in PePe coin, it is wise to conduct thorough fundamental and technical anaylsis. Meme coins are very volatile and the price of PEPE could change at any time.

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.

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