It has a circulating supply of 604,895,833 APE coins and a max. While purchasing ApeCoin on a crypto exchange is arguably the simplest option, you could also purchase APE on a peer-to-peer (P2P) exchange or a decentralized exchange (DEX). Once you have funded your account, you click on ApeCoin in the list of tradable assets and place an order to buy the amount of APE you would like to purchase.
ApeCoin Guides
In addition to crypto trading, Coinbase also offers crypto staking, debit cards, and an NFT marketplace to trade digital collectibles. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with https://cryptolisting.org/ cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. A crypto wallet is custodial when a third party, like an exchange, has full access to a user’s private keys. With these keys, they can execute transactions on users’ behalf and review balances.
Search for Apecoin
- Once your cryptocurrency has been deposited, you can proceed to buy APE.
- Ensure you enter the correct address, as transactions on the blockchain are irreversible.
- ApeCoin can be staked to earn additional APE tokens, making ApeCoin a yield-generating crypto asset.
- Although security is a major plus for cold wallets, they lag in ease of use.
ApeCoin is a cryptocurrency on the Ethereum blockchain, born as a spin-off of the Bored Ape Yacht Club NFT phenomenon of digital art collectibles. The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The trading volume of ApeCoin (APE) is $59,721,919.84 in the last 24 hours, representing a -35.10% decrease from one day ago and signalling a recent fall in market activity.
Step 1: Register for a Binance account
Digital storage facilities called crypto wallets are used in safekeeping digital assets. It grants the user access to their digital asset book value of equity per share bvps and stores them securely. The cryptocurrency trading exchange employs industry-leading practices for the security of its platform.
What Is ApeCoin?
Custodial wallets are more suited to crypto newbies or those not interested in retaining full responsibility for their digital funds. A custodial wallet is just like a conventional bank account where a financial institution executes orders on a user’s behalf when given permission. Deposits on Kraken are available via bank transfers, digital wallets, cards, and direct crypto transfers.
It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects. 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.
After buying APE on Binance, withdraw it to a hard or soft wallet you control. To do this, click the “Withdraw” button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your APE. Ensure you enter the correct address, as transactions on the blockchain are irreversible.
Moreover, ApeCoin incentivizes third-party developers to participate in the Ape ecosystem by incorporating APE tokens in their games, apps, services, etc. The major advantage of using a hot wallet is the convenience it offers. However, hot wallets can be easily hacked, especially web-based ones. Launched in March 2022, Apecoin is the native token that powers the APE ecosystem. Kraken secures user funds with two-factor authentication, Secure Socket Layer (SSL) encryption, and email verification for all transactions.
The FCA has warned investors that anyone who invests in crypto should be prepared to lose everything. Select your preferred method of payment, review your trade details, and swipe to confirm your order. ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3. ApeCoin can be staked to earn additional APE tokens, making ApeCoin a yield-generating crypto asset. All you need to do is connect your crypto wallet and start earning staking rewards.
As of 2022, Bored Ape Yacht Club has totaled more than USD 1 billion in sales. Many prominent celebrities such as Justin Beiber, Snoop Dogg, Madonna, Neymar, Paris Hilton, Jimmy Fallon, etc., have become proud members of the Bored Ape Yacht Club by purchasing these NFTs. The purchased NFTs also act as the Bored Ape Yacht Club membership card. The Bored Ape Yacht Club NFTs were listed for 0.08 ETH each and were sold out within a day of listing for around USD 190. Our goal is to simplify and explain in clear language, what can be a confusing jumble of terms and concepts.
