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How to buy APENFT (NFT) in Canada

Learn how to buy APENFT (NFT) in our step-by-step guide.

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APENFT (NFT) is the 175th largest cryptocurrency by market cap, valued at US$554,360,130.

APENFT is a highly volatile asset capable of major price swings in a single day. Today NFT is trading for $5.59584e-7 USD, which is higher than yesterday's trading price of $0.0000005583 USD. Over the past year, APENFT's price has seen an increase of 43%.

So before you buy APENFT, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy APENFT.

How to buy APENFT in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy APENFT is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy APENFT
    You can now exchange your funds for APENFT. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your APENFT to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy APENFT in Canada

Find an exchange to buy, sell and trade NFT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

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How do I find the best places to buy APENFT?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy APENFT?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading APENFT.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing NFT with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy APENFT?

Once you've created an account, you will need to deposit funds to buy NFT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy NFT:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase NFT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for NFT on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy APENFT?

The easiest way to buy NFT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying NFT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of APENFT has been performing recently.

Best APENFT wallets to store your NFT

You can keep your NFT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your NFT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is APENFT a good investment?

NFT, like many other cryptocurrencies available in the market today, is subject to a high degree of financial turbulence and volatility. In this regard, here are a few points to consider before investing in the asset:

  • Unique operational setup: The project helps bridge the technological gap currently dividing many artists across the globe from the blockchain ecosystem. APENFT allows users to harness the true power of the NFT market, which can help to maximise earning potential.
  • Built atop the TRON network: According to APENFT's blog, the platform was developed on top of TRON - a blockchain known to offer a virtually fee-less transaction environment. In comparison, popular networks such as Ethereum levy significant gas fees, often exceeding $40. This makes blockchain like Ethereum quite unusable for smaller, independent NFT enthusiasts.
  • Established backing team:The project is helmed by many industry veterans including Steve Liu, who has previously held high ranking executive positions for mainstream firms, such as Fidelity, Nomura, and other top financial institutions. APENFT also hosts officials from Christie's and Sotheby's on its board of advisors.
  • Governance:Governance of the APENFT platform is controlled by NFT cryptocurrency token holders. A user must hold 4.9 trillion NFT tokens to submit a new proposal to the platform's community. New proposals will be passed after receiving approximately 20 trillion NFT token votes.
    • Today's APENFT price versus ATH

      Compare today's price of APENFT ($5.59584e-7 USD) against its all-time-high price of $0.00000753 USD on 05 September 2021. The closer the bar is to 100%, the closer NFT is to reaching its ATH again.

      APENFT's price: $5.59584e-7
      ATH date: September 05, 2021
      7.43%

      APENFT ATH: $0.00000753


      How to trade, convert or sell APENFT

      You can convert or sell your NFT with the same exchange you bought it through:
  1. Sign in to the exchange you have NFT on.
  2. If you store your APENFT in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of NFT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of APENFT.
  6. Complete your transaction and move your NFT to a wallet for storage.

Disclaimer: Cryptocurrencies, including APENFT, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of NFT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the APENFT or any other cryptocurrency discussed.

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