Recently, the quite popular Bored Apes Yacht Club NFT collection members announced adopting a native cryptocurrency to power its ecosystem - ApeCoin. It’s an ERC-20 token that is used as a utility token within the APE ecosystem and a governance token within the ApeCoin DAO. The cryptocurrency became so popular that it got listed on several leading cryptocurrency exchanges a few days after its launch and raised a market cap of $ 2 billion in just one day of trading.
But what is the purpose of the ApeCoin token? Is it just another speculative asset or does it have a special feature to stand out? Should you buy APE right now? You will get the answers in this guide and learn everything you need to know before investing in APE. Read on to find out the best platforms to buy ApeCoin in Australia.
How To Buy ApeCoin In Australia – Quick Guide
To help you invest in ApeCoin in Australia as quickly as possible, we broke the process down into 5 easy steps:
- Step 1. Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2. Verification – Upload some 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 $50.
- Step 4. Search for ApeCoin on eToro – Search for APE or ApeCoin in the eToro crypto market.
- Step 5. Buy APE – Enter the amount of money you want to invest in ApeCoin, then click Open Trade.
That’s it! By following these easy steps, you can buy ApeCoin in Australia in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where To Buy ApeCoin (APE) Coin In Australia - Best Exchanges
Are you researching where to buy ApeCoin in Australia? You’re in the right place. In this section, we will inform you about the best exchanges and places to buy ApeCoin in Australia.
You can buy ApeCoin on an exchange or brokerage platform that supports the cryptocurrency and operates in Australia. As APE is quite a popular coin now it is listed on several cryptocurrency exchanges, so you have a good selection of platforms. Still, you need to find the best one that will meet your requirements regarding safety, trading fees, usability, functionality, etc.
The problem is that there are lots of scammers in the industry and to have a good trading experience you need to check the following features in all those exchanges - safety, trading fees, functionality, usability, payment methods available, coins listed on the platform, trading tools, and non-trading fees. To save your time, our experts already analyzed various platforms and picked the best one to buy ApeCoin APE in Australia.
Here are the best exchanges to buy ApeCoin (APE) coins in Australia that we have chosen after doing a thorough analysis of several platforms.
- eToro - Overall Best place to buy ApeCoin (APE) in Australia
- Binance - Best exchange to buy APE in Australia for asset diversity
- Coinbase - Best place to buy ApeCoin (APE) for beginners
- OKEx - Best site to buy APE in Australia for low-cost
It’s essential to deal with platforms that are regulated in Australia. You should also look at the best offering fees and accepted deposit methods, and buying other crypto assets. This means that you’ll be able to buy top cryptocurrencies like Bitcoin, Solana, Dogecoin, Ethereum, and more with low fees, securely of funds and easily processed.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What is ApeCoin (APE)?
The ApeCoin cryptocurrency project was founded to serve the APE ecosystem. It’s governed by a decentralized organization called ApeCoin DAO. The project is also supported by the APE foundation which is responsible for the growth of the project and the implementation of its visions. It has a Board consisting of 5 members including members from the tech and crypto community.
The decisions within the ApeCoin DAO are made by the APE holders. As APE is a governance token, all its holders can take part in the voting process regarding the token, including also electing the members of the APE Foundation. The APE Foundation is later responsible for ensuring that the decisions made by the ApeCoin DAO voters are implemented.
Source: boredapeyachtclub.com
The cryptocurrency is also adopted by the Bored Apes Yacht Club NFT collection as a utility token to power its ecosystem. The latter is one of the trendiest NFT collections in the market that was created by Yuga Labs in 2021. It represents 10,000 unique drawings of Bored Apes and also owns Mutant Apes Yacht Club and Bored Ape Kennel Club. The BAYC collection has become so viral in the market that its pieces are owned by several celebrities, including Eminem, Snoop Dog, Kevin Hart, Timbaland, etc.
Hence, apart from granting voting power to its holders, APE tokens have another power within the APE ecosystem. As APE is also a utility token of the BAYC ecosystem, its holders can also have access to exclusive parts of the BAYC project, including games, merchandise, services, events, etc. APE tokens can also be used as incentives to participate in other APE ecosystem projects, such as the Benji Bananas video game.
Read Also: Could ApeCoin Be A Millionaire-Maker Coin?
How To Buy ApeCoin (APE) With A Credit Card?
You can buy ApeCoin using a credit card on eToro or Binance through a combination of some simple steps. To do that, first, you need to visit the brokerage platform and create an online account. Then, you should link your bank card to your account and deposit funds on it. After your account is charged you can search the APE cryptocurrency and make a purchase.
Note that some brokerage platforms may charge extra fees for transactions with a credit card. For example, Binance charges a 4.5% fee when you make a deposit with a credit card. In contrast, eToro does not charge any deposit fees irrespective of which payment method you choose.
What’s The Best Platform In Australia To Trade ApeCoin (APE)?
If you want to trade ApeCoin, one of the first things you must consider is selecting an excellent brokerage platform that will make your trades more efficient and quick. Trading requires taking and leaving positions frequently, so you must find a quick and easy-to-operate platform. Moreover, as long as you must pay transaction fees for every opened and closed position, you had better select a platform that charges low prices.
Other key features to trade ApeCoin include the simplicity of the interface, trading tools, security system, and the number of assets available on it.
Considering all these factors, our analyses indicate that eToro is the best platform to trade ApeCoin in Australia, especially for beginners. Firstly, opening an account and verifying it on eToro is a straightforward and speedy process. Next, it allows you to deposit money through multiple options, including bank cards, bank transfers, and e-wallets. When it comes to trading fees, eToro offers one of the most competitive fees in the industry with zero commissions and low spreads.
eToro also stands out with its simple design that provides the best trading experience even for the newbies in the field. Plus, it offers educational content, a social trading platform, and a demo trading account to practice your skills before you start real trading. The broker supports almost 60 cryptocurrencies and updates its list with the new tokens continuously.
Trading APE on eToro
Here’s How You Can Instantly Buy ApeCoin (APE) In Australia
You have already learned the necessary details about the ApeCoin cryptocurrency and how to find the best platforms to buy ApeCoin in Australia.
In this section, we will provide a quick guide explaining how to buy ApeCoin tokens in Australia.
1. Open an Account with a Crypto Exchange
To sign up for an online account, visit the website of the selected broker and click on the “Register” button. A registration window will spring up where you must fill in some personal details, and create a password and username for your account. For the advanced registration, you still need to go through some more steps and 4 verification stages, including an email, a mobile phone, ID, and address verification.
2. Select a Payment Method and Make a Deposit
To buy ApeCoin, you need to have funds in your account which you can deposit through several payment methods. The fastest way is with a bank card which can also be less budget-friendly depending on the broker. The transactions with bank cards take 2-3 hours. In contrast, the wire transfer option may take up to 7 business days but is more cost-effective and mostly does not charge any deposit fees.
3. Buy ApeCoin (APE) and Store it on a Crypto Wallet.
Now, when you have a funded account, you can start purchasing ApeCoin cryptocurrency. You can find it under the symbol APE, after which you should click on the “Buy” button and request the amount you want to invest in. By completing the contract, you will see the coins added to your exchange wallet in a short time.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Here’s How You Can Start Trading ApeCoin (APE) In Australia
ApeCoin is a highly volatile asset, meaning that you can generate short-term interest trading this cryptocurrency. If you want to trade APE and don’t know how to get in, here is a complete guide explaining all the steps.
1. Register for a Trading Account
Definitely, you first need to have a trading account, which you can open by visiting one of the brokers included in our recommendation list. For this step, you are required to provide some mandatory details, including your name, date of birth, nationality, select a user for you and verify your account with some documents.
2. Deposit Funds
As soon as your account is verified, you can get to charging it with some funds. Consider that there can be deposit fees included and the brokers usually require a minimum deposit to enable you to trade. So, make sure you did these calculations right and complete the transaction to fund your account.
3. Develop a Trading Strategy
It’s also impossible to have an efficient trading experience if you don’t know how you will trade. That’s to say, you need to adopt a trading strategy according to which you will execute your trades. To develop a good trading strategy, you must carefully analyze the market and consider all the factors affecting APE value.
4. Start Trading ApeCoin
When you are sure you have learned enough about the market and have a strong trading strategy you can get to trading. You can also consider changing your strategy according to the needs of the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Best Digital Wallet For ApeCoin (APE)
As a cryptocurrency investor, you should also know how to store them safely especially when you invest in large amounts. There is always an option of keeping your assets on your exchange account, but the crypto industry offers more secure storage - digital wallets. Depending on your goals and budget you can choose between hardware and software wallets.
Software wallets are also known as hot storage wallets and as their name hints to us they are well-suited for active traders. Most of the leading cryptocurrency exchanges provide their decentralized wallets too, including Money designed by eToro, and Trust adopted by Binance.
As for the hardware wallets, they are pricey and are more suitable for long-term investments. These are known as the most secure devices to store your funds. ApeCoin is an ERC-20 token and it can be kept on all the hardware wallets compatible with ERC-20, including Trezor and Ledger wallets.
Should You Buy ApeCoin (APE) Right Now?
ApeCoin has entered the cryptocurrency industry with great confidence and become one of the leading assets by market cap in a short time. The cryptocurrency gained huge interest after being listed on major exchanges and hit its all-time high just two days after its launch ($17.75). Though its value is slightly down compared to its all-time high, it’s still traded above its initial price.
ApeCoin Price History. Source: coinmarketcap.com
The popularity of ApeCoin and its association with the BAYC ecosystem make it seem a good investment. Still, there are high risks of investing in APE as in the case of several other speculative crypto assets. So, you must be very careful putting your money into this project and avoid investing the capital you can not afford to lose.
Don't Miss: ApeCoin (APE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion
The purpose of this guide on how to buy ApeCoin in Australia was to explain the investment process in simple terms with a regulated and low-cost exchange.
In addition to reviewing the best platforms in Australia, we’ve also discussed the many factors to consider before you invest in ApeCoin.
If you have conducted your own research and you’re ready to buy ApeCoin now – it takes just five minutes to purchase the tokens at eToro when using a debit/credit card, bank wire, or supported e-wallet.
ApeCoin is also a great asset for trading and can generate good rewards if you understand how it works and what affects its price. The coin is listed on various cryptocurrency exchanges and you can find the best ones in our list of recommendations, visit the website and create an account to start buying ApeCoin in Australia.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQ
What is the purpose of ApeCoin?
ApeCoin is a governance token managed by the ApeCoin DAO which is an organization allowing APE holders to vote on the decision about the token. It’s also the native cryptocurrency of the BAYC NFT collection and is used as a utility token within its ecosystem.
What is the total supply of ApeCoin APE?
ApeCoin has a total supply of 1 billion APE tokens, of which 277,500,000 APE coins are already in circulation.
What is the market capitalization of the ApeCoin token?
The currency market cap of the ApeCoin cryptocurrency is over $3 billion, which gives it the #47 ranking among thousands of other cryptocurrencies.
How can I buy ApeCoin APE in Australia?
ApeCoin is listed on many reputable cryptocurrency exchanges in Australia and to buy it you must create an online account, transfer money into it and buy APE coins.
What is the best platform to trade ApeCoin in Australia?
To have a good experience in ApeCoin trading, you must choose a cost-effective, secure and functional cryptocurrency exchange or broker. eToro is one of the best platforms to trade ApeCoin in Australia. Another option is Binance which is a specialized cryptocurrency exchange.
How to Buy ApeCoin stock?
There is no such thing as ApeCoin stock. As the asset is a crypto, not a stock or equity. As such, if you want to invest in this project, you need to buy ApeCoin tokens.
Read More:
Best Methods On How To Earn ApeCoin (APE) Fast
Why ApeCoin (APE) Is Going To Explode
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