With Zengo, it’s easy to access vital data about your coins, view APE’s performance, and execute trades with ease. Zengo is a simple and secure non-custodial wallet that utilizes biometrics to keep your cryptocurrencies safe anywhere you go. It doesn’t matter if you are buying your first tokens or trading your portfolio. After Bored Ape NFTs became popular, Yuga Labs hired artists, social media managers, Discord community https://www.xcritical.com/ managers, and a CFO.

Step 2: Complete KYC and deposit funds in your exchange account

A Zengo wallet gives you access to better interest everything you need to know about apecoin rates than most fiat banks through its savings service! Not every currency is supported, but keep checking in because new assets are being added often. Zengo is one of the safest and most user-friendly wallets on the market. The Zengo wallet is flexible, intuitive and prioritizes security and guaranteed recovery, making it a trusted choice for crypto traders around the world. If you’d like to become an ApeCoin holder or incorporate APE into your investment portfolio you can do so easily with the Tap mobile app. Through your account, you can gain access to the APE market using a range of supported crypto and fiat currencies.

How Many ApeCoin (APE) Tokens Are There?

Supported by the Ape Foundation, ApeCoin is governed by the ApeCoin DAO which creates a framework for permissionless governance processes. These decentralized authoritative frameworks are designed to create a fair and inclusive ecosystem in which the coin can flourish. Enjoying viral success and arguably one of the most successful NFT collections to date, the 10,000 unique BAYC cartoon drawings earned cult status when their prices soared and big celebrities started buying them.

APE: basic information and price

They attract a specific audience of collectors or buyers because they are much more specific than cryptocurrencies. If you find yourself holding an NFT you no longer want, it might be difficult to find a buyer if that type is no longer popular. The token represents ownership via hashed metadata and matching key pairs generated by your wallet. The image, video, music, or other digitized item can be copied and circulated without your permission using various techniques.

What Can ApeCoin & Similar Altcoins Be Used For?

But if a hacker gains access to someone’s private key, they can transfer out any cryptocurrency or NFTs, including Apes. Incidents involving Bored Apes have gained extra attention given their high value compared with other NFTs collections. These days, the glow has faded from the Bored Ape phenomenon, and the NFT market has cooled significantly. A few years ago, non-fungible tokens (NFTs) took the crypto market by storm. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers.

Understanding NZDD’s Minting Process

Buy, trade, view, or send Ethereum to friends and family on the go, whenever you need to. Unlike other wallets, there are no minimums, no maximums, and no expensive transaction fees. The wallet has several unique features that make trading a breeze, whether you are highly experienced or a complete beginner.

$APE is Not Just for The Yuga Labs Ecosystem

Currently, Binance, Coinbase, and Kraken are among the largest exchanges supporting APE. Whether it’s seeking independence of your assets, exiting the governmental economy, or wanting to invest in this very promising phenomenon, purchasing ApeCoin (APE) is taking a step into the future. Go to the checkout & fill in your billing details - make sure it’s done correctly. A tip to keep in mind on how to buy ApeCoin - always double-check your info. Buying ApeCoin with credit card instantly is the most simple and effective way to purchase new generation alternative assets.

• As tokens are minted, they are assigned a unique identifier directly linked to one blockchain address.
• It’s affiliated with a non-fungible token (NFT) project known as the Bored Ape Yacht Club (BAYC), a massively successful and valuable collection launched by Web3 company Yuga Labs.
• ApeCoin DAO members vote as a community on issues impacting the direction of the ecosystem’s growth, from how funds are allocated, how rules are enforced, what partnerships to pursue and which projects to undertake.
• For investors, ApeCoin provides investment exposure to the Web3 ecosystem built on the Bored Ape brand.

ApeCoin: The Yuga Labs ERC-20 Token Explained

Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Non-fungible tokens are an evolution of the cryptocurrency concept.

Are Bored Ape NFTs Still A Good Investment?

This “low IQ” strategy of choosing tokens to invest in gave apeing its nickname. Shilling is when someone with a vested interest promotes a particular cryptocurrency in order to create excitement and entice potential investors to buy. Individuals who are paid to promote a certain coin or token may also be considered shillers. Cryptojacking is a type of cybercrime whereby a hacker co-opts an unsuspecting victim’s computing power to secretly mine cryptocurrency on the hacker’s behalf. Also referred to as ‘malicious cryptomining’, cryptojacking became a widespread problem during the 2017 crypto boom when Bitcoin and other cryptocurrencies’ prices skyrocketed.

Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. As stories of these substantial gains leaked onto social media, subsequent traders tried to emulate them by buying the tokens of any freshly launched project without conducting thorough research. This ‘low IQ’ approach to selecting tokens to buy is what gives apeing its name. Bitcoin is the cryptocurrency that started it all - the “flagship” of the cryptocurrency industry. It is undoubtedly the best-known crypto on the planet - even if you were to buy APE, you probably know perfectly well what Bitcoin is!

In addition to governance, ApeCoin has also been designed for utility where the token can be used for transactions and payments within Web3 applications. It’s a decentralised token that can be used for payments and transaction within Web3 apps. Simply put, ApeCoin is the native cryptocurrency of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) ecosystem. FOMO-prone traders typically don’t approach trading with a long-term mindset.

The first thing you need to do is click the “Buy ApeCoin Now” button featured below. While there are numerous benefits for creators, owners, investors, and other interested parties, there are several issues that should concern you if you're considering investing or minting NFTs. For example, consulting firm Ernst & Young developed an NFT solution for one of its fine wine investors—by storing wine in a secure environment and using NFTs to protect provenance. Within a few short weeks of their launch, cryptokitties racked up a fan base that spent millions in ether to purchase, feed, and nurture them. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

But it’s not just the metaverse, ApeCoin has many other uses within the blockchain gaming ecosystem. With all eyes on them, the demand for its own crypto token rose – and so it was delivered. You may have heard about the Bored Ape Yacht Club – the most successful NFT project to date. In fact, for many, it’s the first NFT collection they learn about. The BAYC pioneered its way into the NFT space and served as an influence for many other projects.