Best Brokers to Buy ApeCoin

The creator behind breakout NFT project Bored Ape Yacht Club, Yuga Labs, announced that they are finally launching its cryptocurrency token called ApeCoin ($APE). Which are the best platforms to buy it?

Top 3 Apps to Buy ApeCoin

Binance

Starting on March 18th, ApeCoin (APE) was officially listed on the Binance exchange. Supported trading pairs include APE/BTC, APE/BUSD and APE/USDT.

The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong by Changpeng Zhao, a developer who had previously created high-frequency trading software. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).

Coinbase

Coinbase is an American company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work, and the company lacks a physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume.

Coinbase offers products for both retail and institutional cryptocurrency investors, as well as other related cryptocurrency products, including Coinbase, an app used to buy, store and trade different cryptocurrencies,
Coinbase Pro, a professional asset trading platform for trading digital assets, Coinbase Wallet, an app that allows customers to access decentralised crypto apps (dapps) using a dapp browser, Coinbase Prime, a trading platform for institutional customers, Coinbase Custody, specialist level services for institutions that hold bitcoin and other cryptocurrencies with Coinbase. Other cryptocurrency-related products include: USD Coin, a digital stablecoin that lets customers put up U.S. dollars in exchange for a cryptocurrency that has the same value but can be traded more quickly, Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency, Coinbase Commerce, a payment service for merchants, Coinbase Earn, a cryptocurrency learning platform that rewards users with small amounts of altcoins for watching videos and taking quizzes to learn about them.

eToro

eToro made APE available to trade on their platform soon after APE’s public launch. eToro is not a launch partner.

eToro is a multi regulated online trading services provider with over 15 years of market experience, offering a range of tradable crypto assets, including mainstream ones like Bitcoin, Ethereum, and Dogecoin but also new DeFi projects.

APE can be used for transactions across all BAYC products and services, including an upcoming play-to-earn game developed by nWay. They have stated that “APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralised protocol layer for community-led initiatives that drive culture into the metaverse.”


To get more technical on it, $APE is an ERC-20 utility and governance token that serves as the open-source protocol layer for the APE ecosystem, providing control to its holders and enhancing member engagement. $APE acts as a functional shared currency, operating without the need for a third-party, centralised body. The $APE token is designed to facilitate the creation of a decentralised autonomous organisation (DAO) that will eventually be run entirely by $APE token holders using proposal and voting mechanisms commonplace within the crypto space. $APE holders will be able to support the ecosystem and decide how the APE Foundation – the legal entity that facilitates governance and implements DAO decisions – spends the Ecosystem Fund, including for marketing, moderator, and development purposes. The APE ecosystem will also be enhanced with play-to-earn blockchain games, physical merchandise, events, and more. Third-party developers can also incorporate $APE into their projects, allowing them to participate in the APE ecosystem. There is a total supply of 1 billion $APE, which is allocated to the Ecosystem Fund.


As for the original non-fungible tokens (NFTs), the BAYC floor price sits at an astonishing 93 ETH (around $260,000), slightly lower than its peak of 107 ETH (around $300,000) following the token announcement on Wednesday.


Now, where can you buy the more accessible APE token? Below is a list of our top 3 choices:

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