How Do I Buy ApeCoin (APE) in the USA?
ApeCoin (APE) has become one of the hottest coins of last year. In this article, we give you a comprehensive guide on how to invest in ApeCoin from the USA (2023).
ApeCoin (APE) has given relevance to the non-fungible token (NFT) space after the altcoin impressed in the saturated market of cryptocurrencies in March.
Ape coin has brought more than 1,000% gains to early investors. Since Bored Ape Yacht Club (BAYC) has been the highest-selling digital collectible in 2023, the popularity of the NFT has transcended positively into ApeCoin.
This has made APE one of the largest cryptocurrencies by market capitalization.
In a highly competitive market of more than 18,600 coins, traders and investors are always on the lookout for digital coins that can transform their investment portfolios.
Since ApeCoin (APE) is the first real cryptocurrency born out of an NFT project, it is gradually introducing millions to a space where indivisible, indestructible, non-interoperable, and verifiable tokens operate.
As of April 2023, there is a great chance that ApeCoin will appear in trendy articles such as what crypto should I buy for 2023, what cryptos will explode in 2023, and cryptocurrencies to watch out for in 2023.
This is because APE continues to see a minimum of $600 million in trading volume daily.
If you are unsure of how to get started investing in ApeCoin or whether you should or should not consider investing in ApeCoin, we havewe several articles on ApeCoin that would guide your decisions.
This guide will take you through investing in ApeCoin in the USA and the best exchange to buy ApeCoin from the USA in 2023.
Some of the questions that will be answered include the following:
- How can I buy ApeCoin (APE) in the USA?
- What are the different strategies for trading ApeCoin (APE) in the USA?
- How much would I have made if I invested $1,000 in ApeCoin (APE) in March?
By following this resourceful material in its entirety, you will realize that it is easy to start your investment journey with ApeCoin.
As of writing, APE ranks as the 46th largest cryptocurrency by market capitalization.
The market value of ApeCoin stands at approximately $3.52 billion and this categorizes the entire ApeCoin project under large-cap digital assets.
APE opened strongly in March 2023 by trading for $1. It rallied to a new milestone of around $39 and has dwindled to around $15 in April.
The price recovery of APE has made it one of the must-have cryptocurrencies in 2023.
You can invest in ApeCoins by buying APE tokens from several cryptocurrency exchanges.
If you do not have enough funds to spare but believe in the potential of investing in ApeCoin for gains, you can start with just $100.
Where Can I Buy ApeCoin (APE) In The USA?
ApeCoin (APE) is supported by approximately 40 exchanges, as of writing. Some of these exchanges allow residents of the United States to use their services.
Unfortunately, many of them restrict U.S. citizens from patronizing their platforms due to regulations.
Therefore if you are a resident of the United States, you cannot jump onto any exchange just because a particular platform has all the essential features that meet your needs.
Let us examine how to invest in ApeCoin through the steps below.
1. Register for a trading account
Like creating a social media account, you need to input your name, home address, phone number, and email address. You should ensure that your full legal names as it appears in all your official records are entered into the system. Aside from this, other information provided should be verifiable.
2. Verification of your account
All centralized exchanges will request proof of identity and proof of residence. Therefore, you will be asked to upload scanned copies of a government-issued identification card that has your signature embossed.
In addition to this, you will be asked for scanned copies of your bank or credit card statement. Per Know Your Customer (KYC) which prevents money laundering and helps counter-terrorism financing, this helps in linking you to the home address earlier input.
3. Deposit fiat into your account
Without fiat, you cannot buy APE coins. Choose one and deposit an amount of money that meets your investment goals for ApeCoins.
4. Buy ApeCoin
Aside from centralized exchanges, residents of the USA who are blockchain technology enthusiasts and decentralized finance fans can buy APE on decentralized exchanges.
The most popular and largest decentralized exchange by volume that supports ApeCoin is Uniswap.
You can only use DEXs if you have a crypto wallet. Although several wallets support APE, we would like to suggest TrustWallet for your decentralized activities.
After downloading the TrustWallet application on your phone, you can then buy Ethereum’s native asset Ether.
With Ether, it becomes easy to access APE on Uniswap since your wallet will be connected to the decentralized exchange.
In a matter of seconds, you can use funds in your wallet to buy any amount of APE coins.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
What Are The Different Strategies For Trading ApeCoin In The USA?
Now that you have been informed about where to buy ApeCoin and how to buy it, you need to learn the different trading strategies available that can help you get more gains.
You can trade ApeCoin in the following ways:
1. Long Term Investing
To novices or beginner traders, it would be in your interest to consider investing in ApeCoin with an eye on the long term.
Many years ago, the price of Bitcoin was below $1,000. In November 2021, Bitcoin was a few dollars shy of testing $70,000. Long-term investing comes about when you buy ApeCoins and store them in your preferred exchanges.
You can also buy APE and store the tokens on your preferred crypto wallet such as TrustWallet. You can forget about the tokens for the foreseeable future and sell them during a rally.
In addition to this, you can set a price target for APE. A great example can be attributed to taking advantage of conditional alerts on exchanges.
APE is trading for $12, as of April 3, 2023. Suppose you invest $100 in APE, you can buy around 8.33333333 APEs.
With an eye on forecasts by several credible crypto news and prediction portals, you can set a conditional alert.
You can issue a command such as “Sell APE when the price reaches $100.”
Because of the setting of the alert, you can go about your daily activities without monitoring the trading patterns of the token behind the largest NFT collectibles of 2023.
As soon as the $100 price milestone is tested, your APE portfolio is going to close.
Automatically, the highly sophisticated algorithms of your preferred exchange will calculate tokens held (8.33333333) multiplied by price ($100) and you will arrive at $833.
But before you throw any sum of money behind APE or other cryptocurrencies for the long term, ensure you understand the entirety of the ApeCoin ecosystem and the team behind the project.
Don't Miss: ApeCoin (APE) Price Prediction
2. Day Trading
Day trading is one of the best ways to make short-term gains which is used by expert traders who take advantage of the highly volatile asset class of cryptocurrencies.
Due to cryptos being unregulated by any centralized finance body, speculation determines the price patterns of coins.
As a result, the prices of tokens such as APE changes several times in 24 hours.
Therefore, you can choose several strategies that could help you see gains from price rallies and recessions.
In day trading, there are four strategies that you need to learn from.
One of them is high-frequency trading. Although it is mostly reserved for institutions with sophisticated algorithm infrastructure, you can do an individual analysis of daily trading volumes, and make trading decisions. Always remember that high volume is a bullish signal and low volume is a bearish signal.
Experts were beginners so you should cultivate the habit of reading technical analysis in addition to fundamental analysis. This way, you will understand the support level of APE as well as the resistance levels the token aims to cross. This will be invaluable in helping you make decent returns and this process is called range trading.
You cannot risk your hard-earned money on a token without following the essential online portals that report about them.
Once you are privy to news content on a particular crypto project, you can take advantage of the information being reported online and make trading decisions. This strategy is called news-based trading.
The last strategy to use in day trading is scalping. With this, you make small profits from small price changes within the trading day.
Be aware of the high percentage fees charged by numerous exchanges.
Read Also: Cryptocurrency Day Trading Strategies
How Much Would I Have Made If I Invested $1,000 In ApeCoin (APE) In March?
APE was one of the best performing coins in March and the token has been recommended in several articles by credible analysts as one of the cryptocurrencies to watch in 2023.
Therefore, if you had invested $1,000 in Ape coin right from March 17, you could have seen a spike in your investment capital.
At an opening price of $1, you could have bought 1,000 APEs.
If you sold your ApeCoins at the right time when it reached an all-time high of $39.40 on the same day, you would have seen your $1,000 investment increase to $39,400.
If you could not sell your tokens and held them for the long term, at a current price of around $12, your $1,000 investment would have soared to $12,000.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Bottom Line ― Is It Worth Investing In ApeCoin?
ApeCoin, and cryptocurrencies as a whole can be lucrative investments due to the chance of making huge gains within a short period. Investing in APE and others can also be risky since most tokens reach an all-time high and trade for less than 70% of that milestone for a very long time.
Therefore, before buying and investing in ApeCoin (APE) in the USA, do whatever you can to assess the pros and cons of ApeCoin and whether or not it is a good investment.
More importantly, only invest an amount of money you can afford to lose because only gains are reported by the media not losses.
Read More:
Best Methods On How To Earn ApeCoin (APE) Fast
How Many ApeCoins (APE) Do You Need To Become A Millionaire?
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