Summary: ApeCoin is one of the most popular NFT tokens in the space and is available to purchase on most major cryptocurrency exchanges. In saying that, some platforms charge very high fees to invest in APE, so it's important to find an exchange that has both low fees and high security.
The most secure and cost effective way to buy ApeCoin (APE) by Yuga Labs is through the Uphold trading platform. They offer free and instant deposits, plus a low 0.8% trading fee, which is significantly under the industry average of 1.5%. Furthermore, it is one of the only exchanges with audited proof-of-reserves that shows customer funds are backed 1:1.
- Trade 200+ Cryptos, 50+ Stocks, a variety of ETFs and metals with zero trading fees.
- Stake over 25 Crypto Assets and earn up to 25% APY on your deposits.
- Globally licensed multi-asset broker with millions of users across 120 different countries.
How to buy ApeCoin (APE)
ApeCoin is the official utility token for the Bored Ape Yacht Club NFT collection. It was airdropped to BAYC NFT holders and went live in March 2022, quickly gaining a $10 billion valuation. If you are looking to buy ApeCoin, we recommend Uphold for the easiest onboarding and lowest fees. Follow the guide below to get started:
- Sign Up: Create a free account on Uphold and complete the verification (process.
- Connect Account: Select the currency you want deposit on the Uphold platform.
- Deposit Funds: Connect your bank account or card to deposit your selected currency.
- Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
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What is ApeCoin by Bored Ape Yacht Club
ApeCoin is an ERC-20 token that was deployed on the Ethereum network that is designed to be the governance token for the Bored Ape Yacht Club community. The ApeCoin tokens will ultimately govern the ApeCoin DAO, which is responsible for managing the success of the Bored Ape ecosystem. The tokens will enable holders to vote on important proposals to try and drive more value to the community.
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APE Tokenomics
There were 150 Million ApeCoin tokens minted that are claimable by BAYC and MAYC NFT holders. This represents 15% of the total supply of all ApeCoins available on the market (1 Billion). There is another 24.2% of ApeCoin’s set aside as an ‘Ecosystem Fund’, which APE token holders can vote on to deploy on various ventures.
ApeCoin Price
With recent listings on Uphold, Bybit and Binance the price and marketcap of ApeCoin have soared. You can view the live price and chart of ApeCoin (APE) in USD below.
Final Thoughts
ApeCoin is quickly becoming a major player in the NFT space and if you are looking to buy ApeCoin (APE) then Uphold is your best bet. The onboarding process is simple and the fees are low, making it one of the most convenient options for investing in ApeCoin.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
