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ApeCoin (APE) is in the top 1,000 cryptocurrencies by market cap, valued at $849,889,286.
ApeCoin is a highly volatile asset capable of major price swings in a single day. Today APE is trading for $1.35, which is slightly up from yesterday's trading price of $1.43. ApeCoin's seen a decrease of -66% over the past year.
So before you buy ApeCoin, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy ApeCoin.
How to buy ApeCoin in 5 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.
Compare crypto exchanges
The easiest way to buy ApeCoin 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.
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.
Make a deposit
Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy ApeCoin
You can now exchange your funds for ApeCoin. On beginner-friendly exchanges, this is as simple as entering the USD or APE amount you want to purchase and clicking "buy".
Secure your ApeCoin
Consider transferring your APE to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy ApeCoin
Find an exchange to buy, sell and trade APE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this ApeCoin guide up-to-date
APE price data is regularly updated through data feeds so you always have the latest information.
ApeCoin performance data is regularly updated using automated comparisons.
How do I find the best places to buy ApeCoin?
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 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 ApeCoin?
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 ApeCoin.
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 APE 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.
Once you've created an account, you will need to deposit funds to buy APE 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 to buy APE:
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 APE by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for APE on the spot market to see what cryptocurrencies it can be traded for.
The easiest way to buy APE 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.
You can keep your APE 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 APE below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is ApeCoin a good investment?
Because ApeCoin is directly tied to the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT ecosystems, price swings in these NFTs could lead to similar price swings in ApeCoin. Yuga Labs endorsed ApeCoin but did not create it, instead it is controlled and created by the ApeCoin DAO. Before buying ApeCoin, take into account that:
Airdrop release: To release the token, ApeCoin was airdropped as a reward to holders of all Bored Ape Yacht Club NFTs. Those with NFTs held within their wallet were able to access a proportionate share of APE tokens for free. Within 24 hours, over 100 million APE had been claimed by NFT owners. The success of the airdrop mirrors the popularity of the Bored Ape NFT collection, which sold out within 10 hours in 2021.
Wide range of utility: The ApeCoin will initially be used for governance within the ApeDAO. However, the token will also be used as a basic payment system for Web3 projects built within the BAYC ecosystem and can be used by token holders to access unique Bored Ape ecosystem products without needing to buy an NFT from a secondary marketplace. The coin, therefore, may lower the barrier to entry for investors that have been interested in the BAYC NFT project. In addition to lowering the barrier to entry, APE will form the economic backbone of multiple play-to-earn games, including Animoca's Benji Bananas. Impressively, its utility has already translated across to the real world with a Florida-based brewery, SaltWater, confirming that the company will accept and offer discounts for those using the ApeCoin cryptocurrency to buy food and drinks.
Tokenomics. There is a maximum supply of 1 billion APE tokens. Of this, 15% has been allocated to Bored Ape NFT holders. The vast majority (47%) will be used to fund the DAO's treasury and operations, while the remaining tokens are split between Yuga Labs (13%), launch contributors (14%) and the Jane Goodall Legacy Foundation to protect wild apes (1%).
Compare today's price of ApeCoin ($1.35 USD) against its all-time high (ATH) price of $26.70 on April 28, 2022. The closer the bar is to 100%, the closer APE is to reaching its ATH again.
Current price: $1.35
All time high: $26.70
5%
94%
How do I trade, convert or sell ApeCoin?
You can convert or sell your APE with the same exchange you bought it through:
Sign in to the exchange you have APE on.
If you store your ApeCoin in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of APE you'd like to convert or sell.
Confirm the sell price and fees and close your sale of ApeCoin.
Complete your transaction and move your APE to a wallet for storage.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Learn how to buy Litecoin in the US with our simple step-by-step guide and tips on what to know before you get started.
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