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How to Buy Apecoin (APE) - Beginner's Guide 2024

By Rebecca Campbell - Updated 24 June 2024
ApeCoin Logo ApeCoin (APE)
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Apecoin is the newly-launched token of the APE ecosystem, a decentralised community that is based around the infamous Bored Ape Yacht Club and Mutant Ape Yacht Club NFT projects (also known as BAYC and MAYC).

Yuga Labs, the company behind BAYC and MAYC, recently acquired CryptoPunks, their main competitor in the NFT space. With the launch of the Apecoin token, APE holders will be empowered to feel a deeper connection with the NFT space’s hottest projects.

Continue reading our guide to learn where and how to buy Apecoin.

How to Buy Apecoin

The easiest way to buy Apecoin is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Apecoin and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Apecoin.

1. Choose a platform

The first step is to decide which platform you want to use to buy Apecoin. There are plenty to choose from, but if you want to keep your funds safe, make sure to select a regulated and reputable platform. Read more about how to choose the right platform in the next section or simply register immediately with one of our top recommendations below.

1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
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.

2. Fund your account

Once your account has been verified, make your first deposit. eToro supports a range of payment methods including PayPal, bank transfer, and credit/debit cards.

3. Buy Apecoin (APE)

Search for Apecoin in the “Markets” section, and select APE. Enter the amount of APE you would like to purchase, then complete the trade. Simple!

Table of Contents

Where to Buy Apecoin?

You can buy ApeCoin from a variety of crypto exchanges and brokerages. If you’re looking for a reliable trading platform to purchase ApeCoin then visit one of our preferred crypto exchanges or brokerages below to get started.

1
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
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.
2
Min Deposit
$ 10
Promotion
User Score
4.85
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Visit Site
Description:
Uphold is a global digital money platform that offers financial services. It deals with 250+ currencies (both traditional and crypto) and commodities, facilitating more than US$4 billion in transactions. Uphold’s vision is to create a future where everyone has access to safe, transparent, fair, and affordable financial services
Payment Methods:
Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay
Full Regulations:
FCA
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.
3
Min Deposit
$ 2
Promotion
User Score
4.8
Coinbase offers an extensive selection of cryptocurrencies, allowing users to diversify their portfolios.
Supports users from over 100 countries including the US and Canada
Employs robust security measures, including cold storage, to safeguard users’ crypto holdings.
Visit Site
Description:
Coinbase is a widely recognized platform for buying, selling, and managing cryptocurrencies. With support for over 200 digital currencies, including popular ones like Bitcoin (BTC) and Ethereum (ETH), Coinbase caters to both beginners and experienced traders.
Payment Methods:
Bank Transfer, Debit Card, Wire Transfer, Apple Pay, Google Pay, Bank Transfer: SEPA, Interac e-Transer
Full Regulations:
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

Payment methods you can use to buy APE

There is a wide range of payment methods that you can use to purchase ApeCoin. Below are some brief explanations about the most popular payment methods on crypto trading platforms.

  • PayPal

Paypal is one of the most used payment methods online. It’s a shame that most crypto exchanges and brokerages won’t accept Paypal.

  • Bank transfer

Bank transfers are widely accepted by crypto exchanges and brokerages. Bank transfers take a few days to resolve but are reliable.

  • Debit card/Credit card

A debit or credit card can be used to purchase crypto and are widely accepted. Your deposit or purchase can be resolved in a few minutes.

  • Crypto

If you already own some crypto you can easily swap your cryptocurrency for another on any trading platform that offers the ability to do so.

Buying vs Trading ApeCoin

Buying and holding ApeCoin is a great long-term strategy. Trading ApeCoin involves using derivatives or buying and selling ApeCoin over a certain period.

How to Trade ApeCoin

Trading ApeCoin can be done in a variety of different ways. Using derivatives such as leverage, and futures are some of the methods that traders use to trade crypto. Trading can be quite stressful and should only be done by those who have researched how to trade effectively and are prepared to lose against the market. It’s much safer to just buy ApeCoin and hold it.

Things to Consider When Buying Apecoin

ApeCoin DAO is a decentralised organisation that aims to grow the Ape ecosystem and manage partnerships, projects, and funding. Holding ApeCoin grants you entry into the DAO. The APE Foundation is led by a “special council” to help guide the DAO and the vision of the ecosystem. Members of the special council include Reddit co-founder, Alexis Ohanian, Yat Siu of Amimoca Brands and Amy Wu, head of ventures & gaming at FTX. The initial members of the DAO will serve for 6 months before new members are voted to replace them by members of the DAO.

With a fixed amount of 1 billion tokens, holders of either a BAYC or MAYC (Mutant Ape Yacht Club) NFT were able to claim ApeCoin for free. BAKC (Bored Ape Kennel Club) owners were also eligible, but they had to have owned a MAYC or BAYC as well. The token allocation and distribution information to the team, NFT holders and others can be found on the ApeCoin website.

On March 16th, WayPlay, supported by Aminoca Brands announced their aim to implement ApeCoin in a future play-to-earn game. As ApeCoin evolves, an increasing number of utilities will be associated with the project, potentially increasing its value. With the backing of big names and a loyal community, ApeCoin will be watched closely by the rest of the market.

You’ll want to weigh up the pros and cons of Apecoin before you decided to purchase APE. Here are a few points you should bear in mind.

  • Apecoin inherits BAYC’s clout. Bored Ape Yacht Club is the defining project in the NFT space. With major celebrity endorsements and increasing pop-cultural relevance, Apecoin is attached to one of the biggest names in the crypto space. There is a strong chance the attendant hype could send APE to very high prices. For more detailed predictions, read our Apecoin price prediction guide here.
  • Governance rights. APE holders will be able to influence decisions relating to the APE Ecosystem. The ecosystem is a DAO, a type of online community where decisions are made by the whole community, rather than just the leaders.
  • APE Foundation backing. Apecoin is supported by the APE Foundation, a group officially linked to and endorsed by Yuga Labs. Given this connection, the Foundation is likely to be a fair, responsible, and honest organisation, which should give investors confidence in the legitimacy of APE.

     

What Features Does ApeCoin Have?

  • DAO entry. Holding ApeCoin gives you automatic membership to ApeCoin DAO and voting rights.
  • Exclusivity. Holding ApeCoin grants you access to future merchandise, special events and upcoming games.

Will Buying ApeCoin Make Me Money?

There’s no guarantee that buying ApeCoin will make you any money. If you’d like to take part in the BAYC community but can’t afford to shell out the Ethereum to purchase an ape then holding ApeCoin is the best alternative. DAO membership and upcoming utilities are exciting things in crypto and many investors will be joining in on the ApeCoin ecosystem to see what it’s all about.

Pros & Cons of Buying Apecoin

It’s up to you whether you want to buy ApeCoin or not. Below are some pros and cons to ApeCoin:

Pros

  • Exclusivity
  • Relation to BAYC and Yuga Labs
  • DAO membership

Cons

  • Millions of tokens were given for free to NFT holders. This could suppress the price action for a while.
  • The Ape Foundation is in its very early stages, and nobody knows if it’ll be a success.
1
Min Deposit
$ 1
Promotion
User Score
4.9
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Visit Site
Description:
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
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.
2
Min Deposit
$ 10
Promotion
User Score
4.85
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Visit Site
Description:
Uphold is a global digital money platform that offers financial services. It deals with 250+ currencies (both traditional and crypto) and commodities, facilitating more than US$4 billion in transactions. Uphold’s vision is to create a future where everyone has access to safe, transparent, fair, and affordable financial services
Payment Methods:
Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay
Full Regulations:
FCA
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.
3
Min Deposit
$ 2
Promotion
User Score
4.8
Coinbase offers an extensive selection of cryptocurrencies, allowing users to diversify their portfolios.
Supports users from over 100 countries including the US and Canada
Employs robust security measures, including cold storage, to safeguard users’ crypto holdings.
Visit Site
Description:
Coinbase is a widely recognized platform for buying, selling, and managing cryptocurrencies. With support for over 200 digital currencies, including popular ones like Bitcoin (BTC) and Ethereum (ETH), Coinbase caters to both beginners and experienced traders.
Payment Methods:
Bank Transfer, Debit Card, Wire Transfer, Apple Pay, Google Pay, Bank Transfer: SEPA, Interac e-Transer
Full Regulations:
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

Frequently Asked Questions

Where can I purchase a Bored Ape Yacht Club NFT?
BAYC, MAYC and BAKC NFTs are available on OpenSea, one of the largest NFT marketplaces. 
How do I take part in the ApeCoin DAO?
You can view how governance works in the DAO by visiting the ApeCoin website. There you’ll find various articles and pages to read to help you delve into how the DAO will be operated and how proposals will work for ApeCoin holders. 
Can I store ApeCoin on Ledger?
You can store ApeCoin on a Ledger hardware wallet along with other wallets such as Trezor. 

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