Missed the Bored Ape Yacht Club’s NFTs but want to surf the craze surrounding this noisy community? In this case, buying the ApeCoin cryptocurrency is a topic that will surely interest you. Below you can see where (on which site) and how you can trade ApeCoin in a simple and fast way.
Where do you buy ApeCoin (APE), on which platform?
It is worth noting that not all platforms that offer crypto currencies allow investing in the ApeCoin token (ticker: APE).
To help you in your search, we have taken the time to test and compare the online brokers that offer this crypto. The conclusion of our experts is as follows: eToro is the preferred platform†
eToro has quite a few advantages to claim, including the fact that it supports the ApeCoin cryptocurrency.
It is worth noting that by creating an account on the platform, you can take advantage of an interface that is easy to understand and use. Whether you are a beginner or already have experience in investing/trading, you will find your account here. This note applies to both the site and the mobile application. The latter is also compatible with iOS and Android.
Another advantage of the eToro broker is that it offers a lot of features. There are many tools available to buy and sell crypto (leverage, different types of buy/sell orders, ability to sell assets once the unit price you set is reached, etc.).
The platform also offers what it calls “social trading”. Thanks to this feature, you will have no trouble chatting and debating with other investors. It is even possible to do Copy Trading if you are interested. This is an option to track the trades of a reputable investor on the platform. However, be aware of the potential risks associated with this feature.
In addition to the ability to trade ApeCoin (APE), eToro gives you access to dozens of other cryptocurrencies. In fact, from one account you can easily diversify by buying stocks, ETFs, commodities or by trading currencies (Forex).
Finally, we would like to point out that unlike many other platforms, eToro is a regulated broker in Europe† The company is indeed based in Cyprus. What advantage does this offer you as an investor? Better protection in the event of a failure, something that does not apply to platforms such as Binance, Coinbase, FTX,…
Want to know more about this platform? Read our eToro review.
Trade ApeCoin Crypto: Full Tutorial to Get Started
Time for serious business: the purchase of ApeCoin tokens (ticker: APE).
Logically, we will base the following tutorial on using the online broker eToro. Now know that if you prefer to go through another platform, the approach described will not be much different.
That said, we also want to reassure you if you’ve never had the opportunity to trade cryptocurrencies before. Even without the slightest experience you will achieve your goals. Simply follow the three steps to the letter.
Memory : eToro does not allow the purchase of the underlying asset i.e. the ApeCoin cryptocurrency. By trading on eToro, you enter into a contract with the broker (CFD – contract for difference) that exposes you to variations in the price of the asset, as if you actually own it. The advantage of this practice is that the process will be greatly simplified. You also don’t have to worry about storing and securing your assets, which is a good thing considering the many hacks taking place in the crypto ecosystem.
1 – Open an account on eToro
To get started, of course, you need to create an account with the broker eToro.
How do you do that quickly and easily? It is best to click on the button below:
Open an eToro account
This will automatically redirect you to the official eToro website. Once there, click on the “Buy Cryptocurrencies” or “Sign Up Now” button (at the top right corner of your screen).
So the broker will direct you to the account creation form. All you have to do is enter:
- A username (which is visible to all eToro users)
- An email address
- A password
Finally, accept the terms and conditions and then click on “Create account”.
Once your account has been created, eToro will ask you a series of questions to determine your investor profile in order to provide you with a personalized experience.
You should also remember to verify your identity. Without it you will not be able to enjoy the platform 100%. The process takes a few minutes and your account is finally validated within 24 hours (according to our past experience).
2 – Deposit money
The second step before you can buy ApeCoin (APE) is to make a deposit.
This process is made easy by eToro. How ? By offering a large number of methods for depositing money.
It is possible to deposit money via: credit card, bank transfer, PayPal, Neteller or Skrill. Suffice it to say, the options are not lacking. It is worth noting that eToro is one of the few brokers that supports deposits via PayPal. For example, you will have no trouble trading Bitcoin with your PayPal money.
After choosing the deposit method, you still need to enter the amount you wish to deposit and the information needed to complete the transaction.
Please note that depending on the deposit method, the time it takes for the funds to appear in your eToro account may vary.
3 – Trade the ApeCoin crypto
Are your credits visible on your account? Time to buy ApeCoin crypto from Bored Ape Yacht Club.
Trade ApeCoin (APE) here
To do this, first log in to your account. Then search here for the cryptocurrency that interests us: ApeCoin. The APE cryptocurrency will then appear and you just need to click the “Invest” button:
eToro gives you a window to place a buy order.
You have two options for buying CFDs on the ApeCoin cryptocurrency: buy at market price (Invest option) or buy at a limit (Order option).
Which option to choose? Placing a limit order seems more appropriate to us. Indeed, the latter will provide you with some protection against the volatility of this cryptocurrency. By giving you the option to define a “maximum” unit price, the limit order will prevent you from buying APE tokens at a higher price than expected (if the price were ever to suddenly rise).
Once the type of order has been chosen, all you need to do is indicate the amount you want to invest. Finally, click on the “Place Order” button to confirm your purchase.
Once your order is filled, eToro will send you a notification (see screenshot below). Please note that you can track the status of your buy order in real time by going to the “Portfolio” section.
Trade ApeCoin on eToro
One last thing: this tutorial explaining how to buy ApeCoin (APE) applies to other cryptocurrencies available on eToro. You can replicate the listed steps to buy crypto from the Ethereum (ETH) blockchain, Bitcoin,…
ApeCoin: The Crypto of the Bored Ape Yacht Club (BAYC) NFT Project
To conclude this article about buying ApeCoin (APE), we thought it would be good to tell you a little more about the project behind this cryptocurrency.
ApeCoin is a decentralized project spearheaded by the Yuga Labs studio to which we owe the creation of the NFT Bored Ape Yacht Club (BAYC) collection.
What is the purpose of this cryptocurrency? First of all, it is worth noting that a large number of APE tokens (about 15% of the total stock) have been “dropped” to holders of a Bored Ape Yacht Club NFT.
Its purpose is simple: to strengthen and encourage the building of a decentralized community at the forefront of the phenomenon commonly referred to as Web3. By owning ApeCoin, it is possible to participate in the decisions and votes of the ApeCoin DAO (DAO, which in French denotes a decentralized autonomous organization).
What should we know about the economics of this token? In total, there are 1 billion APE tokens. At the moment, only a part of the offer is still in circulation. New tokens will be put into circulation in the coming months, until the threshold of 1 billion tokens in circulation is reached.
That being said, we hope this article has provided you with answers on where and how to buy ApeCoin crypto.
Trade cryptos on eToro