Where to Buy ApeCoin UK — Beginner’s Guide

Pretty much everyone with a passing interest in the cryptocurrency market will have heard of Bored Ape Yacht Club, the NFT collection that sprung to prominence in 2021, thanks to demand from celebrities and other high-profile names.

Fast forward to 2022, and the release of ApeCoin looks to build on this success – offering an exciting opportunity for investors.

This guide will discuss how to buy ApeCoin in the UK, reviewing the best crypto trading platforms and presenting our thoughts on APE’s value potential for the weeks and months ahead.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Where to Buy ApeCoin in the UK

Before we dive in and cover how to buy ApeCoin in the UK, it’s vital to understand the various trading platforms that can facilitate your APE purchase. With that in mind, presented below are three of the best crypto exchanges, all of which ensure a safe and cost-effective way to buy cryptocurrency.

1. eToro — Overall Best Broker to Buy ApeCoin in the UK

Our top pick if you’re looking to invest in ApeCoin in the UK is eToro. eToro is widely regarded as one of the best Bitcoin brokers, thanks to its vast range of tradeable assets and low fees.

eToro now offers over 50 cryptocurrencies to trade (including APE), with fractional investing and excellent copy trading features.

In terms of fees, eToro charges a flat 1% transaction fee on all buy and sell orders, plus the market spread. This structure contrasts with eToro’s previous pricing structure and often works out much cheaper for crypto traders.

The deposit process with eToro is also straightforward, with users able to fund their accounts via bank transfer or other payment methods. In addition to this, eToro also offers a free demo account feature with $10,000 in virtual money.

eToro even provides one of the best crypto wallets, supporting a wide range of crypto assets and enabling users to swap one coin for another directly within the wallet’s interface.

The wallet, called eToro Money, can be downloaded for free via the App Store or Google Play and incorporates a whole host of security features to protect your crypto holdings.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

2. Crypto.com — Respected Crypto Trading Platform with a Huge Range of Features

Another option if you’re wondering how to buy ApeCoin in the UK is Crypto.com. Crypto.com is one of the fastest-growing trading platforms globally, now boasting over 10 million registered users. The platform offers over 250 cryptocurrencies to trade and recently listed ApeCoin as a tradeable asset on the Crypto.com app.

Crypto.com is one of the cheapest places to buy cryptocurrency, and users can opt for the exchange platform or the mobile app. If using the former, Crypto.com charges a maker/taker fee of 0.4% on either side of the trade. In terms of the latter, users can instantly purchase crypto using a credit or debit card. This approach usually costs up to 2.99% per transaction, although these fees are waived for users’ first 30 days of trading.

The Crypto.com app is highly regarded in the trading space, featuring a sleek design that makes it easy to buy and sell cryptos in just a few taps. The app also has a ‘Crypto Earn’ feature that provides interest on specific coins. Finally, there’s even the option to obtain a Crypto.com Visa card, which allows you to pay for goods and services using digital currencies.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance — Low Fee Crypto Exchange to Invest in ApeCoin

The final platform we’d recommend if you’re looking to buy ApeCoin in the UK is Binance. Binance needs no introduction, as it is currently the largest cryptocurrency exchange globally, as measured by trading volume. Users can trade over 500 different crypto assets, including various stablecoins, DeFi tokens, and crypto-to-crypto trading pairs.

Binance’s trading fees are some of the lowest on the market since users only have to pay 0.1% on either side of the trade. This can be reduced even further by paying fees in Binance Coin (BNB), which results in a 25% discount. There’s even the option to purchase crypto instantly using a credit or debit card, although a 3% transaction fee accompanies this approach.

Binance excels when it comes to the trading experience, as users can benefit from advanced price charts with a variety of technical indicators. There’s even market depth information and detailed pricing stats, which will appeal to experienced investors. Finally, Binance also offers one of the best crypto cards, allowing users to spend their crypto holdings at over 60 million merchants worldwide.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What Is ApeCoin?

Now that you know where to buy ApeCoin crypto, let’s dive in and analyse the coin itself. Much like when you buy Ethereum, it’s vital to understand what APE is and how it works to ensure any investment fits your trading strategy.

ApeCoin is a recently-launched ERC-20 token that acts as the native currency of the Bored Ape Yacht Club (BAYC) ecosystem. There are a total of 1 billion APE tokens, with this supply remaining fixed since there are no mining or burning mechanisms. The coin itself was created by ApeCoin DAO, a decentralised autonomous organisation closely related to the BAYC collection.

This is important to note as many people believed that ApeCoin was launched by Yuga Labs (the creators of BAYC), which isn’t the case. After launching in March 2022, APE tokens were airdropped to BAYC and Mutant Ape Yacht Club NFT holders for free. The developers also gave a portion of the tokens to Yuga Labs and other launch contributors.

In terms of utility, ApeCoin has been designed to enable payments within a Web 3.0 setting – although it’s unclear exactly how it will be used going forward. The token has already been integrated into a blockchain-based game, with the ApeCoin community having the final say over the potential use cases of the APE token.

Overall, ApeCoin is still in its infancy as a project, so the coin will only really benefit BAYC/MAYC holders at present. However, due to the immense popularity of these NFT collections, many market commentators believe APE could have great speculative potential – making it ideal for investors with high risk tolerance. 

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Is ApeCoin a Good Investment?

Now that you know where to buy ApeCoin crypto and what APE is, let’s discuss whether the token can be considered a good investment opportunity. Presented below are five essential factors to keep in mind when deciding whether to add ApeCoin to your portfolio:

Huge Price Potential

One of the main reasons to consider investing in ApeCoin is the tremendous price potential that the coin has. At the time of writing, ApeCoin has a market cap of only $3.1bn, making it the 39^th largest cryptocurrency globally. Although this is impressive, considering the token only launched in March 2022, it also highlights how far it must go to be regarded as a top 25 crypto.

This coincides with the incredible price potential that APE could have. An increase from today’s price to the highs of March 2022 would result in a 246% return – far higher than what you could expect from the equity market. Given that ApeCoin has intense community backing, an increase like this is not out of the question. 

Extensive Community Backing

The community backing mentioned in the previous section is also one of the main reasons to consider adding APE to your portfolio. This is also relevant to investors who buy Dogecoin and other ‘meme coins’, which tend not to have much in the way of utility, yet still experience huge value increases.

Ultimately, the reason for this is based on hype more than anything else. Retail traders will notice the price increase slightly and jump on the bandwagon, which causes a snowball effect and pushes the price even higher. As you can imagine, this environment is excellent for a coin’s value – but it often leads to sharp declines since the price increases are not based on fundamentals or utility. 

Metaverse Integration

Fortune.com reported in March 2022 that Yuga Labs, the creators of BAYC, had teased a metaverse platform called ‘The Otherside’. There aren’t any further details on this platform, although there are rumours that it could incorporate ApeCoin as a sort of ‘native token’. There’s also talk of virtual land and RPG elements, which could increase the demand and utility of APE tokens.

Integration with Crypto Gaming Platforms

ApeCoin has already been integrated into a crypto-based game called Benji Bananas from Animoca Brands. A press release from the developer announced that players would be able to collect APE tokens through skilled gameplay, essentially providing a pathway to generating recurring income. Although the APE token has only been included in this game at present, it does pave the way for further integration into other platforms in the future.

Importance of the DAO

Finally, since ApeCoin is structured as a DAO, the token holders are in charge of the direction that the project takes. The ApeCoin forums already note various proposals by community members, with staking being high on the agenda. This structure makes APE tokens an exciting investment prospect since additional use cases will undoubtedly be added soon, boosting the token’s value.

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

ApeCoin Price

Given that ApeCoin was only listed on major exchanges in March 2022, there hasn’t been much movement at the time of writing. ApeCoin opened at $5 on March 17^th and raced to an all-time high of $39.40 on the same day, according to CoinMarketCap. This amounted to a remarkable 693% increase, which prompted many token holders to sell their holdings.

This selling pressure forced APE downwards, and the coin has been ranging between $10 and $18 over the past few weeks. ApeCoin seems to be struggling to find a clear trajectory, with price rises being immediately followed by a retracement. However, considering there’s been less than a month of trading history, this is not unexpected.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

ApeCoin Price Prediction

So, where could ApeCoin go next? It’s challenging to make an accurate price prediction due to the lack of price data which makes technical analysis difficult. However, those who buy Shiba Inu will know that smaller altcoins can experience tremendous price increases seemingly out of nowhere – which is certainly a consideration when it comes to ApeCoin.

ApeCoin has sustained itself above the $10 level over the past few days, which could provide a base for upwards momentum. The resistance level around $15.50 will be worth noting, as the APE price fell by over 30% when this area was reached in late March. However, if it is broken cleanly, we could see ApeCoin return to all-time highs – with a price target of $50 not out of the question over the next few months.

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Ways of Buying ApeCoin

When researching how to invest in ApeCoin in the UK, it’s essential to consider how you will facilitate your purchase.

Due to the popularity of crypto trading, it’s easier than ever to buy digital currencies.

With that in mind, let’s take a closer look at each of these methods so that you can gain an understanding of which suits you best:

Buy ApeCoin with PayPal

Whether you’re looking to buy Bitcoin or invest in APE, PayPal is one of the most popular payment methods. Although PayPal now offers cryptocurrency investing directly through its platform, most investors will opt to create an account with a broker or exchange and fund their balance using PayPal.

Buy ApeCoin with a Credit or Debit Card

Another option is to buy APE using your debit card. You can do this in one of two ways – by funding your trading balance using your card or by purchasing APE instantly.

In terms of the latter, only a few exchanges (like Crypto.com and Binance) allow instant crypto purchases using a card. This removes the need to make a FIAT deposit and enables you to buy APE in seconds – although high transaction fees often accompany instant card purchases. 

Best ApeCoin Wallet

If you regularly invest in crypto, you’ll understand the importance of crypto wallets. These wallets are crucial for storing digital currencies safely since holding these currencies presents a real risk of hacking or cyberattacks. Crypto wallets often incorporate advanced security features to protect against these risks, with many offering additional features to provide an ‘all-in-one’ trading service.

There are two main types of crypto wallets to be aware of:

• Hot Wallets – Hot wallets are crypto wallets that remain connected to the internet at all times. These wallets are often offered by brokers and crypto exchanges and provide a simple way to protect your holdings. However, since they are always online, hot wallets are considered more vulnerable to hacking attempts than other types.
• Cold Wallets – Cold wallets are the opposite of hot wallets – they are not connected to the internet. Instead, cold wallets are physical devices that store crypto holdings offline and are considered the safest option for protecting from cyberattacks. However, although there are incredibly safe, they aren’t as user-friendly as hot wallets.

Although there is a wide array of crypto wallets to choose from, our top pick for investors researching how to buy APE is eToro Money. eToro Money is eToro’s free crypto wallet app, available to download from the App Store or Google Play. The wallet supports many crypto assets (including APE) and features advanced standardisation protocols to protect users’ holdings.

Regulated by the GFSC, the eToro Money wallet is very user-friendly and includes an unlosable private key, making it easy to recover access if you forget your credentials. Finally, users can even swap one crypto for another within the wallet’s interface – making the trading process incredibly streamlined.

How to Buy ApeCoin Crypto in the UK – Tutorial

Now that you have a thorough understanding of what ApeCoin is and the coin’s prospects for the future, let’s turn our attention to how to invest in ApeCoin in the UK. As you’ll know by now, you’ll need to create an account with a respected broker or exchange that offers APE as a tradeable asset – although you’ll also want to partner with a platform that enables cost-effective trading.

eToro ticks all of these boxes, offering a safe and low-cost way to buy ApeCoin in the UK. With that in mind, the four quick steps below will show you how to invest in APE using eToro – all in a matter of minutes.

Step 1 – Open an eToro Account

Head over to eToro’s homepage and click the ‘Start Investing’ button. You’ll then be asked to enter your email address and choose a username and a password for your account. Alternatively, you can complete the signup process using the eToro app, available on iOS and Android.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Step 2 – Verify your Account

To verify, click ‘Complete Profile’ and provide the personal information needed for eToro’s KYC checks. You’ll also be asked to upload photo ID (e.g. passport), and proof of address (e.g. bank statement) – eToro will then verify these documents and email you once everything is complete.

Step 3 – Make a Deposit

eToro’s minimum deposit threshold is $10 since the eToro platform operates using USD.

In terms of payment methods, eToro accepts the following:

• Bank transfer
• Klarna
• Trustly
• eToro Money

Step 4 – Buy ApeCoin

Type ‘ApeCoin’ or ‘APE’ into the search bar and click ‘Trade’ when the coin appears. Enter your desired investment amount (minimum $10) in the order box, check everything is correct, and click ‘Open Trade’.

How to Sell ApeCoin

Most investors will buy ApeCoin in the UK with a view to selling their holdings once the ApeCoin price rises significantly. If this is the approach you wish to take, it’s simple to sell your APE tokens using eToro. You can complete this process through the eToro web-based platform or the mobile app.

Head over to the ‘Portfolio’ section of your eToro account and click on ApeCoin. You will now see a list of your open positions (if there is more than one) – click the red ‘X’ next to the position you’d like to close. Finally, click ‘Close Trade’ in the order box that appears, and the proceeds from your ApeCoin position will automatically be placed into your trading balance. 

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Where to Buy ApeCoin UK – Conclusion

This article has discussed how to buy ApeCoin in the UK, covering everything you need to know about the investment process and the coin’s prospects. Although APE doesn’t appear to have much utility, the currency still has exceptional price potential due to its vast community backing.

If you’re wondering how to buy APE today, we recommend partnering with eToro. eToro offers low trading fees on over 50 cryptocurrencies (including ApeCoin) and offers excellent copy trading features.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

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