In page navigation
- 1. How & where to buy ApeCoin (APE) online
- 2. How to buy ApeCoin instantly in 3 simple steps
- 3. Where to buy APE easily
- 4. Best exchanges to buy ApeCoin (APE), reviewed
- 5. How to trade APE
- 6. What is the best way to pay for ApeCoin (APE)?
- 7. How do I store ApeCoin (APE)?
- 8. Is ApeCoin (APE) a good investment?
- 9. Is now a good time to buy ApeCoin?
- 10. FAQs
How & where to buy ApeCoin (APE) online
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
Get started in minutes with our preferred broker, .
10/1077% of retail CFD accounts lose money.
ApeCoin tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy ApeCoin this way. Follow our quick step guide below.
How to buy ApeCoin instantly in 3 simple steps
To buy ApeCoin you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy ApeCoin token
Type APE into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own ApeCoin tokens! It’s as simple as that.
Where to buy APE easily
The overall best exchange to buy ApeCoin token for beginners is eToro . ApeCoin is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy ApeCoin, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy ApeCoin (APE), reviewed
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Nexo. Best for earning interest & rewards
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.
You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.
The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.
How to trade APE
You can trade ApeCoin on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how APE crypto trading works:
- Monitor the price: Let’s say the price of APE/USDT is $1. You read the price charts and decide that now is a good time to start purchasing APE.
- Open a trade: You trade one USDT for one APE ($1 for 1 APE).
- Continue to monitor the price: The next day, one APE token is now worth $2, a 100% increase.
- Close your trade: You trade your APE token back to USDT for $2.
In this example, you buy and sell ApeCoin, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for ApeCoin (APE)?
The simplest way to buy ApeCoin cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for APE.
- Buy ApeCoin with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy ApeCoin with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy ApeCoin with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store ApeCoin (APE)?
Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of ApeCoin then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best ApeCoin wallets to use are MetaMask and the Ledger Nano S.
Is ApeCoin (APE) a good investment?
Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of ApeCoin and its token to help you decide whether to invest in APE.
- APE is best suited for people interested in NFTs or the metaverse. ApeCoin is a cryptocurrency designed to be used in the NFT ecosystem, specifically for buying, selling and trading NFTs. If you are interested in the growing world of NFTs or investing in the metaverse, ApeCoin may be a good option.
- ApeCoin has been created by Yuga Labs. Yuga Labs is a well-known company in the NFT space, having created the Bored Ape Yacht Club, a popular NFT collection, and owning the Cryptopunk NFT project, one of the first and most valuable NFT collections. The fact that ApeCoin is created by a reputable and experienced company in the NFT space gives it credibility and bodes well for its future success.
- It is a meme cryptocurrency and may be volatile. As a new cryptocurrency, ApeCoin has not yet established a track record and may be more volatile than more established cryptocurrencies. This means that its value can fluctuate widely in the short term, which can be risky for investors.
- Yuga Labs wants to expand into gaming. Yuga Labs has stated that it wants to expand its activities into the gaming and metaverse space, and ApeCoin is an important part of that plan. ApeCoin will be used as a form of currency for buying, selling and trading virtual goods and assets in this space.
- Any future project from Yuga Labs will likely require users to own ApeCoin to participate. As ApeCoin is an important part of Yuga Labs’s plan to expand into the gaming and metaverse space, any future projects created by the company will likely require users to own ApeCoin to participate. This will drive demand for ApeCoin and increase its value over time.
- ApeCoin will eventually allow access to exclusive features such as merchandise, events, and games, similar to BAYC NFT. The company behind ApeCoin, Yuga Labs, has stated that the coin will eventually be used to access exclusive features, such as merchandise, events, and games. This is similar to how owners of BAYC NFTs can currently access special events. This means that ApeCoin will have real-world utility, making it more valuable as a cryptocurrency.
- Difficult to assess long-term prospects without more concrete uses. As ApeCoin currently does not have many concrete uses, it is difficult to assess its long-term prospects. The coin’s success will depend on the success of the projects and ecosystem that Yuga Labs will create in the future.
Use this quick summary of pros and cons to compare ApeCoin with other, similar projects.
Pros
- Part of the Bored Ape Yacht Club project
- Backed by a big name in the crypto space
- Will almost certainly be required to play any game or project created by Yuga Labs in the future
- Existing BAYC NFT holders get priority access to ApeCoin
Cons
Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has ApeCoin (APE) performed this year?
The current ApeCoin price today is $5.01, which is 82.01% below its all time high of $27.78], which it reached on 28 April, 2022. APE is up 37.02% this year, with a 52 week high of $28.75 and a 52 week low of $2.60.
Is now a good time to buy ApeCoin?
The answer depends on the current price and your own investment goals. Put simply, buying ApeCoin, selling ApeCoin, and trading APE are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy ApeCoin.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of ApeCoin and its decentralised aggregator platform, then a good time to purchase ApeCoin is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying ApeCoin and selling it the next day probably isn’t why you’re here either.
Regardless, closely following APE price news & analysis will help you decide when to pull the trigger:
FAQs
More altcoins to buy
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >