ApeCoin is quite a new cryptocurrency in the market that was launched less than a month ago. It is created by Bored Ape Yacht Club which is a very popular NFT collection built on the Ethereum project. ApeCoin has gained a lot of popularity due to the BAYC collection and is expected to become one of the most widely traded cryptocurrencies in the market.
Hence, we have prepared a detailed guide about the ApeCoin cryptocurrency that explains what it is, how it works, and how to trade it.
In this guide, you will also find the best platforms to buy ApeCoin in the UK and a step-by-step guide explaining the whole process of investing in ApeCoin.
How To Buy ApeCoin In The UK – Quick Guide
To help you invest in ApeCoin in the UK 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 two 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 APE or ApeCoin in the eToro crypto market.
- Step 5. Buy APE – Enter the amount of money to invest in ApeCoin, then click Open Trade.
That’s it! By following these easy steps, you can buy ApeCoin in the UK in less than 10 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Where To Buy ApeCoin (APE) Coin In The UK - Best Brokers And Exchanges
Are you researching where to invest in ApeCoin in the UK? You’re in the right place. In this section, we will inform you about the best exchanges and places to buy ApeCoin in the UK.
You can buy ApeCoin on an exchange or brokerage platform that supports the cryptocurrency and operates in the UK. As APE is quite a popular coin 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.
Here are the best exchanges to buy ApeCoin (APE) coins in the UK that we have chosen after doing a thorough analysis of several platforms.
- eToro - Best platform to buy ApeCoin (APE) in the UK
- Binance - Best exchange to buy APE in the UK for asset diversity
- Coinbase - Best place to buy ApeCoin (APE) for beginners
- OKEx - Best site to buy APE in the UK for low-cost
What Is ApeCoin (APE)?
The APE coin is the governance and utility token within the Ape ecosystem which was designed and launched by the Bored Ape Yacht Club. It’s an ERC-20 token based on the Ethereum blockchain and acts as the native token of the BAYC ecosystem. The latter is a very popular NFT collection that introduces 10,000 NFT drawings, some of which have been sold for a million dollars.
The fact that ApeCoin has become so much popular in the market in an ultra-short time is due to the popularity of the BAYC ecosystem. Bored Ape NFTs have attracted several investors so far including such celebrities as Snoop Dog, Justin Bieber, DJ Khaled, Paris Hilton, Eminem, and several others. That’s why APE is most likely to become one of the hottest cryptocurrencies in the market.
Read Also: Could ApeCoin Be A Millionaire-Maker Coin?
Should You Buy ApeCoin (APE)?
As the APE cryptocurrency is a new asset in the market it does not have a price history rich enough to give a clue about its future price movements. The cryptocurrency took a steep growth when it was first introduced into the market hitting its all-time high on March 18 and was trading at $17 during that time. But soon its value dropped almost two times, decreasing to $9. Though APE is not traded now as high as previously it has significantly recovered from that drastic drop and is traded almost 25% higher.
ApeCoin Price History Source: coinmarketcap.com
One of the main reasons to invest in APE coin is its connection with the Bored Ape collection which has already gained a good reputation in the NFT market. Plus, the cryptocurrency has a lot of use cases within the BAYC ecosystem and gives governance rights to the APE DAO users enabling them to vote on the decisions regarding the token.
On the other hand, we should note that there is a big controversy about the NFT world, with many people considering it to be hype. While Bored Ape has so far experienced greatly in the market, still there is some risk associated with the NFTs and as the ApeCoin is strongly related to this ecosystem, its value will be influenced too. What we want to say is that you should consider the risks of losing your capital in such investments and put in only what you can afford to lose.
How To Buy ApeCoin (APE) Online In The UK - A Step by Step Guide
Now, when you are already familiar with the ApeCoin cryptocurrency and want to buy it, follow this guide to learn the whole process of investing in the APE crypto. But first, you need to select a trading platform that will operate in the UK and support APE cryptocurrency. While there are several brokers listing this cryptocurrency, eToro is the best place to invest in APE in the UK, according to our detailed research. Here is a short review of why to select this broker.
eToro exchange is one of the leading platforms in the industry, offering an excellent trading experience for both beginners and advanced traders. It’s a brokerage platform that supports a wide selection of assets including almost 60 crypto coins and tokens.
You can buy and sell Bitcoin, Ethereum, Shiba and many other digital assets without paying commission fees and spending low spreads which differ depending on the asset. Plus, the platform is highly secure and regulated by 4 top-tier financial institutions which guarantee your safe trading experience.
Buying ApeCoin on eToro
To buy ApeCoin in the UK, follow the steps below:
1. Register for an Online Account
To buy APE coins, first, visit the broker of your choice and start creating an account. It does not require a lot of time and you just need to accomplish a combination of some simple steps. After providing the necessary details, start the verification process which is a must if you want to trade on the regulated platform.
2. Deposit Funds
After verifying the account, you can finally deposit some money into your account using a credit or debit card, e-wallet, or a wire transfer option. you can start with as little as $10.
3. Buy ApeCoin (APE)
With a verified and funded account, all you need to do is to find the ApeCoin cryptocurrency on the platform and click on the “Trade” or “Buy” button. On the appropriate window fill in the details about your order, including order type, the number of APE coins you want to buy, etc. When you are sure you have filled everything correctly, complete the order by clicking the appropriate button.
4. Transfer Your Funds to a Cold Storage Wallet
After purchasing ApeCoin, it’s time to decide how you will store them. To make a reasonable decision, what you need to consider is your investment goals. For short-term trading purposes, you can keep your assets on your exchange account or move them into a software wallet. The latter usually provides an in-built exchange where you can swap and convert between different tokens.
If you intend to make a long-term investment and buy a huge amount of coins you can buy a hardware wallet. It’s the safest way of sorting cryptocurrencies with almost no risks of being hacked or losing your coins. The only thing you must pay attention to is not losing your private keys or trusting them to anyone else.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
How To Trade ApeCoin (APE) Online In The UK - A Step by Step Guide
Due to its high volatility, ApeCoin is also an excellent crypto asset for short-term trading. So, in this part of the article, we will explain step by step how to trade ApeCoin in the UK.
1. Register for an Account and Verify It
If you want to trade ApeCoin first you will need an online brokerage account, which you can create by visiting the broker’s website and clicking on the “Register” button. Then you must undergo identity and address verifications, which is a crucial step if you want to keep your account safe and away from any malicious attacks.
2. Deposit Funds
After you provide the necessary details for opening and verifying an account, it’s time to charge it with some money. It’s possible to deposit funds into your brokerage account through a credit card, bank transfer, PayPal, and other methods which may differ depending on the platform.
3. Develop a Trading Strategy
Now, your account can be used to buy and sell assets, but still, you need to go through one more vital process - which is deciding how you will trade ApeCoin. It’s essential to develop a trading strategy, as during that process you will learn several things about the market and this crypto asset, which will help you better decide the best time to buy or sell assets.
4. Start Trading ApeCoin
Finally, when you already have a verified account, deposited money into it, and know-how to trade, you can start purchasing APE. But if you are not sure whether to trade it or not and want to learn a bit more about this cryptocurrency, read the guide to find more information about the APE token and ApeCoin ecosystem.
ApeCoin (APE) Pros And Cons
Investing in ApeCoin has its pluses and minuses which you need to consider before making an investment. Here are the most crucial pros and cons of the asset to pay attention to when investing in it.
Pros:
✅ APE belongs to one of the most popular NFT projects - Bored Ape Yacht Club.
✅ It is a utility token within the BAYC ecosystem and has several use cases.
✅ APE is also used as a governance token in APE DAO.
✅ The cryptocurrency has become quite popular in less than a month.
✅ APE is listed on several major cryptocurrency exchanges and brokerage platforms.
✅ It’s cheap and has the potential to grow if the BAYC continues developing.
✅ The APE token is among the first 50 cryptocurrencies by its market cap.
Cons:
❌ NFTs are widely accepted as hypes, so it’s a very risky investment.
❌ APE faces a lot of competition in the industry of coins created to facilitate NFT projects.
❌ As a cryptocurrency, it’s highly volatile and does not have enough price history to make the right predictions.
Check Out: Should You Invest In ApeCoin?
Is ApeCoin (APE) A Good Long-term Investment?
Considering the pros of the APE cryptocurrency we can consider ApeCoin a good long-term investment. APE token’s value is mainly associated with the popularity of the BAYC ecosystem and its success. So, if the project keeps developing and maintains its dominance in the market, APE is more likely to attract huge attention and demand for it.
But investing in APE also involves high risks, as cryptocurrencies and NFTs are still not well-established, which means you must invest reasonably.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
What will ApeCoin (APE) be Worth in 2025?
ApeCoin price predictions are quite bullish mainly indicating that the cryptocurrency will experience drastic growth in the next few years. According to the Digital Coin Price, it can recover its all-time high price this year and be traded at $16 on average. The platform predicts that ApeCoinw will reach $24.58 in 2025.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $15.35 | $16.08 | $17.37 |
| 2024 | $15.43 | $18.41 | $21.61 |
| 2025 | $21.67 | $24.58 | $27.50 |
Price Prediction shows more bullish predictions indicating that the cryptocurrency value will double this year, reaching $50 in 2025 and hitting $100 in 2027. In contrast, Wallet Investor is not so optimistic about the APE prices. Still, it shows that its value will rise and reach $20 in 5 years.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $18.16 | $18.85 | $21.75 |
| 2024 | $36.55 | $37.90 | $45.26 |
| 2025 | $55.18 | $56.70 | $63.16 |
| 2026 | $76.97 | $79.23 | $96.21 |
| 2027 | $112.29 | $116.25 | $133.00 |
Don't Miss: ApeCoin (APE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
What’s The Purpose Of The ApeCoin (APE)?
ApeCoin is a utility token that can be used for several purposes within the BAYC ecosystem. It provides users access to exclusive events, games, and merchandise within the Bored Ape ecosystem. Plus, the token is accepted by various games, and Benji Bananas is one example where you can buy access using 25 APE tokens. APE is also a governance token used with the ApeCoin DAO which is a decentralized organization and allows all the APE holders to vote on the changes.
Is ApeCoin (APE) Mining Profitable?
ApeCoin is an ERC-20 token based on the Ethereum blockchain, which means you can not mine it but you can earn rewards by staking your APE tokens in a staking pool. Recently, vEmpire, a GameFi and NFT investing company has announced the launching of a staking pool for ApeCoin, where APE investors can stake their coins and earn passive investments.
Buying Or Trading ApeCoin (APE) UK - Things To Take Into Consideration
You now know how to buy ApeCoin online in the UK. The process takes less than 5 minus from start to the end.
To conclude, the APE token is a newly launched cryptocurrency that has already ranked #46 by its market capitalization. The popularity of the cryptocurrency is directly connected with the Bored Ape Yacht Club - a very popular NFT collection ecosystem where APE serves as a utility token.
APE is an excellent cryptocurrency to invest in considering the reputation of the BAYC ecosystem and its initial success in the crypto market. The cryptocurrency is listed on several platforms, so to buy ApeCoin in the UK you should visit one of the platforms and start buying it. Still, you need to keep in mind that APE investments still involve great risks and not invest the money you can’t afford.
eToro — Top UK Exchange To Buy ApeCoin
Open an account with eToro, deposit some funds with USD, and finally – buy ApeCoin from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
FAQs On How to Buy ApeCoin in the UK
What is the market cap of ApeCoin?
ApeCoin is traded at $12.68 at the time of writing and with its current circulating supply has a market cap of almost $3.5 billion. This ranks ApeCoin #46 by its market cap on the Coin Market Cap charts.
Where can I buy ApeCoin in the UK?
ApeCoin is available on various trading platforms in the UK. To buy an APE token you need to create an account on your favorite brokerage platform and deposit funds into your account.
Who created ApeCoin?
ApeCoin was created on March 16, 2023, by Yuga Labs which is also the founder of one of the most popular NFT collections known as Bored Apes Yacht Club.
What is ApeCoin DAO?
ApeCoin DAO is a decentralized organization that is created for APE holders and where APE is a governance token. All the users holding APE can participate in the voting processes referring to the decisions and changes about the APE token.
How many ApeCoins exist?
ApeCoin has a maximum supply of 1 billion APE tokens, and more than 277 million APE tokens are already in circulation.
What are the best UK platforms to invest in ApeCoin?
The APE token is traded on several cryptocurrency exchanges in the UK, but we mostly recommend using the eToro brokerage platform to buy ApeCoin because eToro is fully regulated under the FCA.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Read More:
Best Methods On How To Earn ApeCoin (APE) Fast
Why ApeCoin (APE) Is Going To Explode
How Many ApeCoins (APE) Do You Need To Become A Millionaire?