How To Buy ApeCoin (APE) On eToro ― Beginners Guide

Last Updated April 5th 2022
10 Min Read

According to fans of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) who have become ApeCoin supporters, this coin is destined to reach new milestones.

But if you have not bought digital assets before, it may be unclear how you purchase ApeCoin. In this guide, we will show you how to buy ApeCoin (APE) on eToro.

Our guide will cover everything about ApeCoin investing, from how to register an account to how to set up a crypto wallet, and finally, how to buy ApeCoin.

Ready to embark on this journey? Read on to learn how to purchase ApeCoin on eToro.

How To Buy ApeCoin On eToro ― Simple Guide

To help you buy ApeCoin as quickly as possible, we have broken down the process into a few simple steps.

  • Step 1 – Open an account with eToro. Head to eToro’s website to sign up for a new account.
  • Step 2 – Verification. By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time. 
  • Step 3 – Deposit. Fund your new eToro account with a minimum of $10. 
  • Step 4 – Search for Apecoin on eToro. Search for the ticker symbol “APE” or ApeCoin in the eToro dashboard and click Trade.
  • Step 5 – Buy APE. Enter the amount of stake to buy ApeCoin, then click Open Trade. 

That’s it, if you follow these steps, you can buy ApeCoin on eToro within minutes.

 

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulatory framework. Investments are subject to market risk, including the loss of principal.

How To Buy ApeCoin With eToro ― Tutorial 

The aforementioned guide covered the basics of how to purchase ApeCoin on eToro and will be good for experienced traders who know their way around exchanges.

As a novice or beginner trader, you would need more details.

This is why we have broken down each step so that you can invest in ApeCoin with low fees starting from today.

Step 1: Open an eToro Account 

To get started, you must search for eToro’s website online. Once again, it can be found here. You have to sign up for a new account. Then you need to enter an active email address. After that, you will have to input a unique username that is not in use by another account holder. Create a password for your new trading account of which we recommend using a combination of words, numbers, and symbols.

On the next page, eToro will ask for your full legal name, active phone number, date of birth, zip code, and provable home address.

open trading account

Step 2: Verification 

Per compliance with Know Your Customer (KYC) which helps eToro adheres to anti-money laundering (AML) regulations which helps combat terrorism financing (CFT), eToro will require documents. These documents will help verify your identity. 

eToro normally requests government-issued identification cards (passports, national IDs, and driver’s licenses) to confirm the details earlier input in step one. 

In addition to this, eToro requests bank statements, utility bills, or credit card statements not more than six months old. This helps prove your home address.

etoro account verification

Step 3: Deposit Funds 

eToro has a minimum deposit requirement for new accounts in the United States, the UK and abroad. 

For residents of the US and the UK, eToro requires a minimum deposit of $10. Residents outside of the United States, especially, from so-called remote countries are subjected to a minimum deposit of $50. 

eToro accepts many payment methods such as bank cards (VISA, MasterCard, and Maestro), bank transfers, and online financial services wallets such as Skrill, PayPal, Neteller, and others. 

You should know that bank transfers on eToro come with a $500 minimum deposit. 

This means that as a beginner investor, you can find a range of payment methods that suits your preferences which allows you to buy the best cryptocurrencies such as ApeCoin. 

fund account

Step 4: Set up a Crypto Wallet (Optional)     

You do not need an eToro ApeCoin wallet to buy an Ape coin. With that said, if you want to enjoy all the benefits of crypto, it would be helpful to have a crypto wallet that can see you send and receive digital tokens. 

Android and iOS-powered smart device users of phones, tablets, and pads can get their hands on eToro’s free crypto wallet. All you have to do is to download the app from the Apple and Google Play Stores. After the app is installed on your smart device, you can log in using your eToro username and password. 

etoro wallet

Step 5: Search for ApeCoin 

Locate the eToro dashboard. Navigate to the search box at the top of the page. Enter APE or ApeCoin, and click on Trade when ApeCoin appears in the search results. This will automatically open a new order form. 

Step 6: Buy ApeCoin

Enter the amount of the worth of ApeCoin you want to buy in US dollars. There are several options to choose from which can impact your trading positively. 

Some of them are the use of stop loss or take profit price. This is typically used for ApeCoin trading rather than long-term investing. When you are fully set, click Open Trade to complete your ApeCoin purchase.

buy apecoin, trading order

 

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulatory framework. Investments are subject to market risk, including the loss of principal.

How To Sell ApeCoin On eToro 

To sell ApeCoin on eToro, you need to follow the same process used to buy it. The sole difference is that you will need to click SELL at the top of the page after you open a new order form. Then enter the total number of ApeCoin (APE) you want to sell and click Open Trade.

Did you know that many traders have started HODLing ApeCoin? This is because of the possibilities of the ApeCoin ecosystem and the new milestones the token could reach in the long term.

If you bought $1,000 worth of APE on March 17, 2022, when it became a tradable token, your capital would have matured to around $12,000. This is a 1,100% increase in less than one month.

How Much Does It Cost To Buy ApeCoin On eToro? 

Buying and selling ApeCoin on eToro is relatively cheaper than on competing cryptocurrency exchanges. eToro charges a fixed 1% transaction fee when you buy ApeCoin and another 1% when you sell APE.

This means that if you buy $1,000 worth of ApeCoin on eToro, you will pay a transaction fee of $10.

You are not going to incur any extra charges on eToro if you buy crypto with a debit card, credit card, or e-wallets such as PayPal, Skrill, and Neteller. 

You should also note that eToro charges less than a 1% transfer fee if you choose to send tokens from your trading account to your eToro ApeCoin wallet.

Lastly, you are going to incur $5 transaction fees for cash withdrawals.

eToro ApeCoin Review 

Why should you buy ApeCoin on eToro? As one of the biggest gaining cryptocurrencies on the market today, eToro makes ApeCoin trading accessible to all beginners. First and foremost, eToro is among the exchanges that come with some of the lowest trading fees.

You will only fork out 1% of your total purchase when you buy ApeCoin. Additionally, you are not going to incur extra fees when using a credit card to buy ApeCoin.

Most mainstream exchanges have transaction fees that range between 2% to 5% of the total amount invested.

Another benefit of eToro is that the platform supports and offers over 55 popular mem coins and DeFi coins, so you can also buy Shiba Inu or Ethereum or Dogecoin.

If you hold APE in eToro’s Money crypto wallet, you can swap APE for any of the aforementioned tokens.

eToro provides a demo account filled with $100,000 in virtual funds to help beginners learn more about crypto trading. The platform also provides customizable technical charts that come with close to 100 popular indicators.

eToro features the sentiment gauge indicators on their platform. This helps traders gauge investor behavior as well as access beliefs that may impact the market.

Another feature is trading news and analysis on eToro. This helps you stay attuned to the latest news on ApeCoin and the crypto finance space as a whole.

etoro cryptocurrency trading

What’s more, eToro offers copy trading for beginners. Through this, you can follow the patterns of expert ApeCoin traders. This way, you learn the basics of trading and make enormous returns as well.

Lastly, eToro has a great reputation and is trusted by millions of traders. This exchange is regulated in the US, the UK, Australia and in the EU. The website has a great customer support system. Representatives of the exchange can be reached by phone and email.

Pros of eToro 

✅ Supports around 57 cryptocurrencies (as of April 4, 2022). 

✅ 24/7 customer support. 

✅ Charges low transaction fee. 

✅ Offers copy trading services to help beginners. 

✅ Offers several easy-to-understand technical charts and indicators. 

Cons of eToro 

Wallet transfers are subjected to fees. 

 

Conclusion 

Buying ApeCoin with eToro is fast, inexpensive, and simple. You can buy ApeCoin within a short period with as little as $10 while paying just 1% as a transaction fee. 

On top of that, advanced trading tools, and cryptocurrency wallets are offered by eToro for actively trading cryptocurrencies. 

Because all ApeCoin investors on eToro have BUY positions, you may be looking for ApeCoin Price Prediction from some of the most reputable crypto news and forecasting portals. 

Ready to buy ApeCoin on eToro? You must think of starting today and find out if this token can help you reach your investment goals. 

eToro — Top Platform To Buy ApeCoin

Open an account with eToro, deposit some funds with USD, and finally – buy ApeCoin from just $10.

etoro Apecoin

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulatory framework. Investments are subject to market risk, including the loss of principal.

FAQs

Does eToro have ApeCoin? 

Yes, eToro supports the trading of ApeCoin and 56 other digital tokens. If you choose to buy ApeCoin through eToro, you will pay only a 1% transaction fee.

How can I buy ApeCoin on eToro? 

All you have to do to buy ApeCoin on eToro is to register for an account, make a deposit of at least $10, and buy APE within minutes. 

Is eToro a good place to buy ApeCoin? 

eToro is one of the best places to buy ApeCoin. The exchange is regulated, highly secured with the necessary security encryptions, has low rates for transactions, and allows you to buy APE with e-wallets (PayPal, Skrill, Neteller), bank cards (debit and credit cards), and through bank transfer.

Read More:

Best Methods On How To Earn ApeCoin (APE) Fast

How Soon Do You Think ApeCoin (APE) Can Reach $100?

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How Many ApeCoins (APE) Do You Need To Become A Millionaire In 2022?