Can I Buy ApeCoin With $100?
ApeCoin (APE) digital asset can be found on more than 40 centralized and decentralized cryptocurrency exchanges.
You can buy and sell any number of APEs daily. With more than 700 million ApeCoins still available for purchase, there is a huge chance that investing $100 in APE could bring you enormous returns in the short, medium, and long term.
The level of sophistication that comes with present-day cryptocurrency exchanges has made it relatively easier to trade ApeCoin and other cryptocurrencies.
Moreover, exchanges are not open to not only investors with huge sums of money.
As of April 2022, anyone so long as you are open to going through Know Your Customer (KYC) can become a client at an exchange that supports the trading of ApeCoins.
While most exchanges have a minimum of $50, there is a huge chance that you can come across exchanges that have a minimum deposit below $50.
Therefore for as little as $100, you can trade ApeCoin, and with time become an expert who can turn a little budget into a fortune.
Why Should I Invest $100 In ApeCoin (APE) Trading?
.jpg)
Many analysts, experts, and trading gurus would tell you that the multiple percentage changes in ApeCoin make the token one of the best money makers in the crypto finance space.
With as little as $100, you can use different trading strategies to increase your capital.
Although the cryptocurrency space has been mired in hacking and scamming controversies over the years, millions of people continue to make legitimate passive income from this space. One of these legitimate areas is trading.
Therefore, you can invest $100 in ApeCoin, and steadily grow your capital as others have done.
To many traders, APE has been one of the best cryptocurrencies used to diversify their portfolios.
Most traders had to endure a bearish market from January to mid-March 2022 until ApeCoin came along.
By returning more than 1,000% gains within two weeks, ApeCoin helped erase multiple percentage losses that were sinking millions of portfolios.
ApeCoin can revolutionize the gaming sector (video games and gambling with cryptocurrency) in addition to drawing millions of people into the non-fungible token (NFTs) space.
As of writing, APE has been listed by crypto casino BC.GAME as a payment method, and this confers value on the token through its attribute of utility.
Aside from BC.GAME, APE is playing an instrumental role in the video game Benji Bananas where it is being used for in-app purchases.
As of writing, the primary payment method for buying one of the 10,000 unique collectibles of the Bored Ape Yacht Club (BAYC) is through Ethereum’s native asset, Ether (ETH).
It would not be surprising to see APE being accepted to buy BAYC and other NFT collectibles in the future.
Because of these possibilities, trading APE with $100 could be one of the best investment decisions you have taken in years.
You should invest $100 in ApeCoin because the ApeCoin ecosystem is still considered a novelty by blockchain technology enthusiasts and decentralized finance fans.
Once the ApeCoin foundation liaisons with developers who can add more innovative protocols and applications to the market, investing in APE could see your investment increase by 5, 10, 15, or 100 times in the future.
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.
Can I Start Trading APE With $100?
Yes! You can start trading ApeCoin with $100. One of the most important factors you should consider which is mostly ignored by many novices or beginner traders is fees.
On some exchanges, you may need to deposit $110 before you can trade APE with $100.
In such a situation, depositing fees will take $5 and transaction fees will take another $5.
Once you make provision for fees, you can carry on and start trading APE with $100.
Many ask the question, what are the different ways of trading ApeCoins?
You can day trade Ape by buying and holding for a foreseeable future. You can also hustle your $100 capital by day trading APE through trading strategies such as news-based trading, range trading, scalping, and high-frequency trading.
With regards to trading APE with a $100 where you have an eye on the long term, you must choose where to hold your coins.
If you buy APE on cryptocurrency exchanges such as eToro, Binance, Coinbase, OKX, and Crypto.com among others, you should know that your APE holdings would be held in the private vault of these exchanges.
On the other hand, if you do not trust exchanges to hold your APEs due to news of hacking, you can hold your APEs in cold wallets. These are offline wallets.
So in the case of a malware attack on exchanges, there is little to zero chance of you losing your ApeCoins.
If you are lucky and find an exchange that lists APE in the binary options side of trading, you can guess how an asset’s cost will end when a particular trade closes.
This way, you can buy and sell ApeCoins without owning them. Once you get your predictions right, depending on the percentage profits, you will see your account credited with gains.
A great example can be attributed to trading $100 with APE on 80% potential profit with an eye on the coin going up in the next 2 hours, as of the time of buying.
Once APE trades for a price above your executed order within that time frame, $80 would be added to your $100 which results in a new total of $180.
Should I Trade ApeCoin With $100?
It is not advisable to trade ApeCoin with $100 if this is the total amount of money you have to risk.
In such a scenario, you should consider starting with $5 to $10. Once you gain experience, you can then increase this amount to $15 or $20.
To tell you the truth, it would not be easy making enormous profits with $100 in today’s market.
A capital of $100 would only result in huge profits if it is being used to buy coins whose prices are below $1.
If you do not take risks, you are not going to get great rewards.
Suppose you want to buy APE with $100, you can buy around 8 ApeCoins at $12.18.
Should APE retest $20 in the short term, your 8 APEs multiplied by the new price of $20 would result in $160 ($60 profit).
Therefore, you have the liberty to trade ApeCoin with $100. But it would be in your interest to save more funds towards investing in ApeCoin and cryptocurrencies in general.
Always invest in ApeCoin and all digital assets with an amount of money you can afford to lose.
You can make profits but you can also lose your entire capital within days if not hours.
Check Out: How To Make (Or Lose) Money With ApeCoin
How To Trade ApeCoin With $100
You can trade ApeCoin with $100 on cryptocurrency exchanges that support the coin.
As of April 2022, there are approximately 43 exchanges that support the trading of ApeCoin.
As a novice or beginner trader, we would like to draw your attention to certain factors that are mostly ignored by millions when choosing an exchange.
Some of these factors are fees, ease of use, payment methods, regulatory compliance, security, limits, liquidity, speed, insurance, reputation, customer service, and geographical restrictions.
After doing an individual study of the 43 platforms that support the trading of APE, we settled on eToro.
eToro is a multi-asset exchange that began providing cryptocurrency services in 2014.
As of writing, eToro supports more than 50 digital tokens, is regulated, highly secure, highly accessible, and supports several payment methods.
Kindly follow the steps below and you would be on your way toward trading ApeCoin with $100 on eToro.
1. Register for an account on eToro
Input details of your full legal name, a provable home address, an active email address, and phone number. We would like to advise you to provide provable information since eToro will verify your identity extensively.
2. Verify your account
Provide scanned images of a government-issued identification card. ID cards that have your signature embossed are mostly preferred. This way, eToro verifies the person behind the personal computer or smart device (phone, tablets, and pads).
Aside from this, eToro will ask you to provide a bank statement, utility bill, or credit card statement that confirms your home address. This way, eToro links you to the home address earlier input. This helps in combating terrorism financing and money laundering.
3. Deposit funds
Without fiat (USD, EUR, and GBP), you cannot buy ApeCoin or cryptocurrencies on eToro. The platform supports bank transfers, bank cards, and e-wallets such as Skrill, PayPal, and Neteller. You can enjoy free deposits using any one of these methods.
4. Navigate to the ApeCoin page and buy APE
On this page, you can buy several APEs, and they will be processed and added to your portfolio.
Aside from buying and holding, you can also swap your APEs for other tokens, and vice versa.
Open an account with eToro, deposit some funds with USD, and finally – trade ApeCoin from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
Is ApeCoin A Good Investment And Should I Invest in APE?
Why We Think ApeCoin (APE) Could Be The Next Big Thing
Should You Buy ApeCoin (APE)? 5 Pros, 5 Cons
Why ApeCoin (APE) Is Going To Explode