How to Buy ApeCoin (APE)

Beginner’s Guide

What Is ApeCoin?

ApeCoin is a cryptocurrency that aims to bring together the worlds of blockchain technology and animal conservation. It is a unique digital currency that focuses on primate conservation, with the goal of raising awareness and funding to protect endangered primate species.

One of the key features of ApeCoin is its commitment to environmental sustainability. The cryptocurrency is designed to be carbon neutral, and a portion of the transaction fees are donated to primate conservation organizations.

ApeCoin has a number of use cases, including:

Purchasing primate-related merchandise
Donating to primate conservation organizations
Investing in primate conservation projects
Trading on cryptocurrency exchanges

Overall, ApeCoin offers a unique way for individuals to contribute to primate conservation efforts and raise awareness about the importance of protecting endangered species.

ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.

ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.

How to Buy ApeCoin Summary

Get a ApeCoin wallet (e.g. Ledger, Trezor , Exodus, Guarda, AtomicWallet)
Find an exchange that sells ApeCoin (e.g. Crypto.com, Binance , Coinbase , Bitfinex , Kucoin)
Deposit money and make the trade
Withdraw the ApeCoin to your wallet

Buying ApeCoin in 3 Simple Steps

Desctop & Mobile

ApeCoin Hardware Wallets

ApeCoin is built on the Binance Smart Chain, which means that it is compatible with hardware wallets that support the Binance Smart Chain. Some popular hardware wallets that can be used to store ApeCoin include:

Ledger Nano S: The Ledger Nano S is a popular hardware wallet that supports the Binance Smart Chain. It is a small, portable device that can be used to store ApeCoin and other cryptocurrencies.
Ledger Nano X: The Ledger Nano X is an upgraded version of the Nano S, with more storage capacity and additional features. It also supports the Binance Smart Chain and is a good option for storing ApeCoin.
Trezor Model T: The Trezor Model T is another popular hardware wallet that can be used to store ApeCoin. It features a touch screen and supports a wide range of cryptocurrencies.
KeepKey: KeepKey is a hardware wallet that supports the Binance Smart Chain and can be used to store ApeCoin. It features a large, easy-to-read display and is designed to be user-friendly.

It is important to ensure that any hardware wallet you use to store ApeCoin is from a reputable manufacturer and that you follow best practices for keeping your funds safe, such as using a strong password and keeping your recovery phrase secure.

The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.

Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.

If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.

ApeCoin Software Wallets

ApeCoin is built on the Binance Smart Chain, which means that it is compatible with software wallets that support the Binance Smart Chain. Here are some popular software wallets that can be used to store ApeCoin:

Trust Wallet: Trust Wallet is a mobile wallet that is compatible with both Android and iOS devices. It supports the Binance Smart Chain and is a good option for storing ApeCoin on your phone.
MetaMask: MetaMask is a popular browser extension wallet that can be used to store ApeCoin. It supports the Binance Smart Chain and is available for Google Chrome, Firefox, and other browsers.
Binance Chain Wallet: The Binance Chain Wallet is a browser extension wallet that is designed specifically for the Binance Smart Chain. It is easy to use and offers a high level of security.
Atomic Wallet: Atomic Wallet is a multi-currency software wallet that supports the Binance Smart Chain. It is available for desktop and mobile devices and offers a user-friendly interface.

When using a software wallet to store ApeCoin, it is important to follow best practices for securing your funds, such as using a strong password, enabling two-factor authentication, and keeping your recovery phrase in a secure location. Additionally, you should only download software wallets from reputable sources to ensure that you are not installing malware on your device.

Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.

Payment methods:

Credit/debit card

Buy ApeCoin through Crypto.com

Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos. The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.

Buy ApeCoin through Binance

Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Buy ApeCoin through Coinbase

Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”

Buy ApeCoin through Bitfinex

Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships. Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.

Buy ApeCoin through Kucoin

Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

Step 3 – Withdraw Your ApeCoin (APE)

To withdraw your ApeCoin (APE) from an exchange, you’ll typically need to follow these steps:

Log in to your account on the exchange where your APE is held.
Navigate to the “Withdraw” or “Send” section of the exchange.
Select APE as the cryptocurrency you want to withdraw.
Enter the wallet address where you want to send your APE. Make sure to double-check the address to ensure that it is correct, as sending APE to the wrong address can result in a loss of funds.
Enter the amount of APE you want to withdraw. Be sure to check the withdrawal fee, as this will be subtracted from your total withdrawal amount.
Review and confirm the transaction details, including the withdrawal address and the amount of APE being withdrawn.
Complete any two-factor authentication or other security steps required by the exchange.
Submit the withdrawal request.

The time it takes for your APE to arrive in your wallet can vary depending on network congestion and other factors. Once your APE has been sent to your wallet, you should see the transaction appear in your wallet’s transaction history.

OVERVIEW

Who Are the Founders of ApeCoin?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.

An administrative council within the APE Foundation (the “Board”), will carry out the decisions of ApeCoin DAO members. The Board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members vote on Board members.

What Makes ApeCoin Unique?

ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.

How Many ApeCoin Are There in Circulation?

The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once.

On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period.

The amount of ApeCoin in circulation is a dynamic number that will constantly change both due to the aforementioned schedule and a myriad of market factors.

How Is the ApeCoin Network Secured?

ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-stake (POS) consensus mechanism.

Where Can You Buy ApeCoin?

ApeCoin (APE) can be bought and traded on a few different cryptocurrency exchanges. Some popular exchanges that support APE trading include:

PancakeSwap
BitMart
Hotbit
DODO
ApeSwap

These exchanges typically allow you to buy APE with other cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), or with fiat currencies such as USD, EUR, or GBP.

It’s important to note that cryptocurrency exchanges often have different fees, deposit and withdrawal methods, and verification requirements, so it’s a good idea to compare options and choose an exchange that meets your needs. Additionally, be sure to exercise caution and do your own research before buying any cryptocurrency, as the cryptocurrency market can be volatile and unpredictable.