How To Buy ApeCoin (APE) In Australia: Complete Guide
Do you want to buy Apecoin (APE) in Australia? Then, First of all, you should know enough about this. Apecoin(APE) is a type of digital token like an ERC- 20 token, which means it is based on the Ethereum blockchain-based network.
It is a decentralized project launched by Apecoin DAO and governed by ApeCoin (APE)Foundation. In this, the ApeCoin (APE)token holders are members and they can vote on governance proposals on the DAO. This coin was launched for working under the ApeCoin (APE)Ecosystem.
Apecoin was adopted as the primary token by the YUGA LABS, the creators of the BoredApeCoinYacht Club( BAYC). Apecoin’s initial board consists of five high-profile crypto investors of which one was the co-founder of the Reddit group. So, now we will tell you how can you buy this coin in Australia and also tell you about the benefits and risks involved in this process.
How To Buy ApeCoin (APE) In Australia – Quick Guide
Before we jump right into the details of the process of buying ApeCoin (APE)
in Australia, let’s take a quick glimpse at the steps that are involved in the process of buying ApeCoin (APE) in Australia. For the convenience of most Australian users, we are choosing Binance for example.
◾ Go to Binance
◾ Sign-up for an account on Binance
◾ Complete the KYC verification
◾ Login to your Binance account
◾ Search for ApeCoin (APE)in the search bar of the platform
◾ Select Buy Now and enter the amount of ApeCoin (APE)you want to buy
◾ Complete the transaction by paying in AUD
These are some of the simple steps which are involved in the process of buying ApeCoin (APE)in Australia. Stay tuned to the article till the end to make sure that you know everything regarding the ApeCoin (APE) purchase in Australia.
Where To Buy ApeCoin (APE) In Australia
Before buying ApeCoin (APE) in Australia, you will need to choose a trading exchange that will suit your needs as a trader and fits in perfectly. Choosing the right exchange can make a lot of difference as it can either enhance or deteriorate your entire trading experience. That is why we are discussing three of the most popular crypto exchanges in Australia.
Buy ApeCoin (APE) Token On CoinSpot
CoinSpot is a market-leading crypto exchange in Australia and has created a brand image of trust and reliability amongst Australian traders. CoinSpot could be a perfect choice to buy your ApeCoin (APE) because of its advanced security features and interactive UI that will allow you to have a pleasant and safe experience while trading.
CoinSpot supports more than 310 crypto coins that are present in the market and account for a majority of the crypto transactions which happen in Australia. Hence, if you are looking for an exchange that is made in Australia and accepts all the Australian payment methods then CoinSpot is going to be a perfect fit for your needs.
Buy ApeCoin (APE) Token On eToro
In the world of social trading, eToro is a leading name and has a massive user base in Australia as well. eToro is a crypto trading exchange that allows users to copy some of the most profitable portfolios in the market and thus implement the right strategy without going through excessive research.
eToro offers insurance for all the assets that you are going to store in its wallet which makes sure that all of your assets are safe and secure. With the support of over 2000 different digital assets in its basket eToro provides all the diversity a trader might need in its portfolio.
Buy ApeCoin (APE) Token On Binance
Binance is the undisputed leader in the segment while being the crypto market leader of the world. Binance crypto exchange supports over 600 crypto coins in the market along with ApeCoin (APE) coin and can make your transactions easier than ever before with its interactive UI.
The smart trading tools allow the users to automate their trade and earn sizeable profits without waiting for the market to react as per their will. Binance accepts AUD as the payment method to fund its online wallet and that makes it a suitable choice for Australians.
Hence if you are looking to invest through the world’s most trusted crypto exchange then Binance is going to be a great choice for you.
Ways Of Buying ApeCoin (APE) Token In Australia
There are many ways by which you can buy ApeCoin (APE) in Australia but in this segment of the article, we are going to discuss two of those methods which are not only universally accepted but also very convenient to use for the traders.
Buy ApeCoin (APE) With Bank Transfer
Contrary to the popular belief that Banks are evil in the blockchain scene, bank transfers are still one of the most widely used ways of funding crypto wallets around the world. Bank transfers are not only one of the fastest methods of transferring money but also ensure that all the transactions are happening in a secure environment.
Almost all the trading exchanges in the world provide bank transfer options for their users due to their universal appeal. For making a transaction using a bank transfer all you need is a simple bank account and funds in the account and your transaction will be possible.
Buy ApeCoin (APE) With Credit A Card/Debit Card
A credit card or debit card is one of the most convenient ways of transacting money across the world. Credit cards and debit cards give you the flexibility to use them without the need to worry about the multiple gatekeeping restrictions as in the case of other methods.
Credit cards or Debit cards can be used to buy ApeCoin (APE) token on many exchanges in the world as most of the exchanges are offering support for credit cards and debit cards. Credit cards offer the customer to increase their risk-taking abilities and earn more profits during market fluctuations.
ApeCoin (APE) Price And Prediction
ApeCoin is one such crypto coin that is used for the governance of a decentralized autonomous organization or DAO. DAOs are said to be the future of organizations that not only supports the work-based economy but also promotes transparency in the organizational structure.
ApeCoin is a utility-based token that ensures that it has some real-world use cases and thus has real value instead of presumed one. ApeCoin is supposed to reach new heights by 2025 and could be a great investment for those who trust in its background.
But before you start investing in the protocol, make sure to do your own research about the project and then make a decision.
Benefits Of Buying ApeCoin (APE) Token
One of the biggest benefits of buying an ApeCoin (APE) coin could be the membership of the ApeDAO and your participation in the project. ApeCoin (APE) is a utility token and you can use it to conduct different activities in the DAO project along with buying different services and products using the same token on that platform.
ApeCoin (APE) coin is expected to reach its best when the DAOs will become more prevalent and especially when ApeDAO will grow in its size. Hence, ApeCoin (APE) is a project for the future and could be an ideal choice for those who trust in the decentralization of organizations will change the way they traditionally operate.
Risks Of Buying ApeCoin (APE) Coin
With a low-risk rating on different online forums, ApeCoin (APE) coin is one of those tokens which do not account for its value from the hype created in the market but from the utility that it offers to its holders and that is why considered a low-risk token on ERC-20.
ApeCoin(APE) has a market capitalization of $4,383,559,902.01 (at the time of writing) and an overall traded volume that is more than promising. One of the major risks which could be mentioned about the risk of ApeDAO failure in the future.
Even though it is highly unlikely but nothing is impossible when it comes to crypto markets.
How To Buy ApeCoin (APE) In Australia – Detailed Step by Step Process
This section is going to give a clear step-by-step detailed guide to those readers who are willing to buy ApeCoin (APE) in Australia with the right crypto exchange. Follow all the steps mentioned below chronologically and you will be able to complete the transaction with ease.
Choose An Exchange That Sells ApeCoin (APE)
Choosing an exchange for transacting your crypto assets is one of the most critical decisions of a trader’s journey as that is the place where it spends most of its time. The trader’s experience with the exchange should not only be pleasant but also profitable and that is why we are choosing Binance as an example for this guide.
Binance offers the lowest possible transaction fee to its users and provides best-in-class trading tools to facilitate their trade. Binance offers everything a trader might need while buying ApeCoin(APE).
Create And Verify Account
Before you buy your first ApeCoin(APE), you will need to have a trading account on Binance, and to do that you need is to follow the instructions mentioned below:
- Visit the official website of the Binance crypto trading exchange
- Sign-upon the website
- Fill in all the necessary details
- Enter all the information asked for KYC verification
- After the KYC is done, you will be able to proceed further
Fund Your Account
Now is the time to add funds to your Binance wallet with which you will be able to buy your ApeCoin(APE). Follow the steps below to add funds to your Binance wallet.
- Go to the Binance wallet section and click on Deposit
- Now enter the AUDs that you want to add to your Binance wallet.
- Once that is done choose a payment method and pay for the wallet
- Once AUD has been added to your wallet you will be able to buy your ApeCoin(APE)
BuyApeCoin (APE) Coin
Finally, we are at the stage where you can buy your ApeCoin(APE). Buying your ApeCoin(APE) will ensure that you have a long-term investment in a coin that is going nowhere and backed up by its utilities in a blockchain project. Follow the steps mentioned below to buy your ApeCoin(APE) with ease.
- Search for ApeCoin(APE) in Binance
- Check the prices and click on the buy now option
- Fill in the details regarding the purchase
- Choose the Binance wallet as the payment method.
- Once that will be done your ApeCoin(APE) coin will be added to your wallet.
Best Wallet To Keep Your ApeCoin (APE) Coins
Now when you have your crypto wallet filled with ApeCoin (APE) coin it is better to look out for a better third-party crypto wallet solution as using the exchange wallet can be risky at times.
When it comes to storing your private keys then there is no better alternative than storing them on a hardware wallet that ensures complete safety. In this section, we are discussing Ledger Nano X to store your ApeCoin (APE) token.
Ledger Nano X
Being the market leader in the hardware wallet, Ledger Nano X is considered almost unbeatable in the features it offers to its users. The advanced security protocols ensure all your crypto assets stay offline even while signing transactions.
All the private keys are stored in the local storage of the user and encrypted with military standard encryption protocols. The quality of the built Ledger Nano X is not only stylish and sleek but also compact and sleek.
Ledger Nano X provides Bluetooth connectivity features for its users to connect with their devices wirelessly and make all the transactions without the need to connect a USB cable. With wide range support of for over 1800+ different blockchain assets, Ledger Nano X is the most convenient wallet out there for those who are going to buy ApeCoin (APE) in Australia.
How To Sell ApeCoin (APE)
One of the sole purposes of investing in crypto is to make profits at the right time and sell them at per own convenience but some exchanges present in the market do not have a clear roadmap for users to withdraw or sell their digital assets. Hence these are some of the steps which you need to follow to sell your digital assets on the Binance platform.
- Go to your Binance account where you bought your ApeCoin (APE)
- Open the investment tab in the exchange
- Select ApeCoin (APE) that you have bought
- Click on Sell ApeCoin (APE)
- Now enter the amount of ApeCoin (APE) that you want to sell and convert ApeCoin (APE) to AUD
- Proceed with the transaction and once done your conversion of ApeCoin APE to AUD will be successful.
How To Buy ApeCoin (APE) In Australia: Conclusion
ApeCoin (APE) coin is a utility token and has a lot of features in ApeDAO. It offers the membership and ownership of the ApeDAO to the holders of this cryptocurrency. It is one of those coins that is yet to reach its potential value and will see a surge in its prices once the DAOs will become more prevalent.
Buying ApeCoin (APE) in Australia is a simple process of investing in long-term crypto projects and can yield good results. Buying ApeCoin (APE) from Binance could be the right choice for many it is one of the most popular exchanges in the world and provides traders with all the features that they need to buy ApeCoin (APE) in Australia.