How to Buy ApeCoin UK – Beginner’s Guide

Interest in learning how to buy ApeCoin in the UK has increased exponentially after the founders of the third-most valuable collection of NFTs – the Bored Apes Yacht Club – announced the launch of the coin. 

Since its launch on 17 March 2022, the ApeCoin price has rocketed higher to become the 46th largest cryptocurrency with a market cap of nearly $3 billion – all on the very first day! If you want to capitalise on this growth as well, then you are in the right place. 

In this How to Invest in ApeCoin in the UK guide, we go through where to buy the coin with the best fees possible, how to store them safely in one of the most secure crypto wallets available and more!

Key Takeaways when Buying ApeCoin in the UK

1. ApeCoin is now the most-traded coin among Ethereum whales and was also the fourth most purchased token in the last 24-hour trading volume.
2. In only a few days since its launch, the ApeCoin price became the 46th largest cryptocurrency available with a market cap of nearly $3 billion. 
3. Times magazine has announced they will start accepting ApeCoin as a form of digital payment and which is now listed on most of the top cryptocurrency exchanges. 

Best Place to Buy ApeCoin in the UK

For crypto newbies who want to capitalise on the growth of ApeCoin, it can be a challenge in knowing where to buy ApeCoin in the UK. You want the platform to be easy to use with low fees and good deposit and withdrawal options but most importantly safe and secure.

From our research, we have found a few cryptocurrency brokers that fit the billion. Below is a list of these to help you know where to buy ApeCoin in the UK safely.  

1. Coinbase – Top-Rated Cryptocurrency Broker to Invest in ApeCoin UK

If you’re looking for an easy place on how to buy APE in the UK, then Coinbase should also be on your list. Coinbase Inc is a publicly-traded company whose shares are listed on the New York Stock Exchange and is arguably the best-known cryptocurrency exchange in the world. 

As Coinbase is a publicly listed company, it offers a high level of security and safety of your funds. This is because its dealings will be scrutinised by auditors and everything needs to be transparent in its public filings. From the Coinbase review, you will also find it goes one step further for its UK customers as it offers a reimbursement value of up to £150,000 if your crypto is stolen through a hack. 

Coinbase’s trading fees are higher than most other cryptocurrency exchanges. The fees are included in the spread of the coin you are trading and a Coinbase commission which is a minimum of $2 to buy and sell. 

You can deposit funds in GBP through a UK wire transfer 100% commission-free. However, depositing funds to purchase cryptos via debit card will incur a 3.99% fee. Depositing and withdrawing funds and buying and selling cryptos is easy through the Coinbase web platform and crypto app. 

Pros

• Publicly traded company on NYSE
• Great additional safeguards for UK users
• Web platform is simple to use and navigate
• Tons of educational materials regarding cryptos

Cons

• 2% withdrawal fee to debit card

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

2. Crypto.com – Top Rated Broker to Buy ApeCoin UK

Crypto.com is one of the top 10 largest cryptocurrency exchanges in the world and provides access to a simple to use, yet feature-rich, cryptocurrency trading app. From the Crypto.com app, you can buy and sell more than 250+ cryptocurrencies and stablecoins including ApeCoin (APE), Ether (ETH), Cronos (CRO), USD Coin (USDC) and many others. 

On top of the Crypto.com app, you can also access Crypo.com Visa cards where you can receive up to 8% cashback on all of your spending on the card. Furthermore, you can access instant crypto loans and get paid up to 14.5% interest on your holdings. 

Trading fees are also very competitive with Crypto.com. Most users may end up only paying a commission of 0.4% per transaction to buy and sell ApeCoin. This can go down to 0.1% but only if your trading volume is very high. 

To buy ApeCoin with Crypto.com, you will need to deposit funds. Fortunately, Crypto.com does not charge any fees to deposit GBP through the UK’s Faster Payment Service (FPS) and it has a low minimum deposit of £20. However, purchasing crypto from a debit card will incur a 2.99% fee. 

Pros

• 250+ cryptocurrencies and stablecoins available including APE
• Access Crypto.com Visa card for up to 8% cashback
• Apply for instant crypto loans
• Zero deposit fees for GBP when using Faster Payments Service
• Easy to use and feature-rich crypto app

Cons

• 2.99% fee when purchasing crypto using debit card

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

3. Binance – Top-Rated Crypto Broker to Trade ApeCoin Price

Binance is another top rate cryptocurrency exchange to trade ApeCoin. While the exchange only launched in 2017, it is in the top five of the world’s biggest exchanges by transaction volume. Most people use Binance for short-term trading of crypto as they provide access to trade spot and derivative cryptos such as futures and options. 

With Binance you can trade ApeCoin (APE) from a variety of different pairs which include APE/BTC, APE/USDT, APE/BUSD, APE/EUR, APE/GBP and more. This means you can easily trade APE against stablecoins, fiat currency and Binance Coin, among others. 

Binance has a detailed fee structure when it comes to trading cryptos such as APE. For most users, you will pay a commission of 0.1% per side. This means you will pay 0.1% to open a trade and another 0.1% when you close a trade. 

To purchase APE through the Binance platform you will need to deposit GBP into your fiat wallet. You can deposit GBP using the UK’s Faster Payments Service with a commission of 2 GBP per transaction. This is also the same for withdrawals. Credit/debit cards fees are variable at 2% per transaction. 

Pros

• Wide range of cryptos available including APE
• Supports spot, futures and options crypto trading
• Great for advanced crypto day traders
• Competitive trading fees

Cons

• Learning curve in using the Binance platform

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

What is ApeCoin?

ApeCoin (APE) is the brainchild of Yuga Labs which is the company behind the third most valuable NFT collection valued at more than $1.5 billion, the Bored Ape Yacht Club (BAYC). ApeCoin is the primary token for the Bored Ape Yacht Club ecosystem and can also be used in future Yuga Labs products and services. 

APE was built on the Ethereum ecosystem and is an ERC-20 governance and utility token. ApeCoin holders will gain access to voting rights, events, games, merchandise and services that are within the APE ecosystem. 

ApeCoin is unique in that its creators, Yuga Labs, want it to run independently of them. Instead, the token will be controlled by ApeCoin DAO (decentralized autonomous organization) and the APE Foundation which is an organisation created to implement the community’s decisions. 

Currently, there is a circulating supply of 277,500,000.00 APE. The total supply for APE is 1,000,000,000.00.

Should I Buy ApeCoin?

ApeCoin hasn’t become the hottest cryptocurrency right now randomly. There are a variety of reasons why learning how to buy ApeCoin in the UK has massively increased in interest. Let’s have a look at some of these. 

ApeCoin is the Most-Traded Coin Among Ethereum Whales

Among the top 1,000 Ethereum (ETH) wallets, ApeCoin became the most traded digital asset in the past week. This not only highlights the demand for the coin but also the positive outlook that the bigger crypto players have regarding APE.

Time Magazine Announced Plans to Accept Payments in ApeCoin 

Time magazine launched a web3 community initiative called TIMEPieces. On the TIMEPieces Twitter feed, the magazine announced plans to start accepting ApeCoin as a form of payment for its digital subscriptions 

The adoption of the coin as a form of payment from a large organisation is a huge boost to the credibility and utility of ApeCoin which should help to underpin the demand for APE. 

The Sandbox Developer Plans to Use ApeCoin for a Secret Project

Animoca, the blockchain metaverse developer most famous for The Sandbox, announced plans that it will be adopting ApeCoin for a secret project they have developed with Bored Ape Yacht Club. 

The Sandbox is one of the world’s largest and most popular metaverse, allowing users to build, develop, buy and sell digital assets in a game. If the company is also planning to use APE then there is a ready-made client base of millions of users ready to use the token, driving demand even higher. 

Highly Successful Yuga Labs Plans to Adopt ApeCoin as its Primary Token

Yuga Labs is the brainchild behind the third most valuable NFT collection the Bored Ape Yach Club NFTs. These are valued at more than $1.5 billion with holders including celebrities such as Mark Cuban and Eminem. 

The company also owns many of the most popular NFTs available in the market such as Mutant Ape Yacht Club, Cool Cats, CryptoPunks, Nouns, Meebits and more. There are also plans for Yuga Labs to launch a 3D Bored Ape Yacht Club gaming experience. 

As APE is the primary token for the collection and for future Yuga Labs products and services, it is likely to drive the demand for the coin much higher in the future. 

ApeCoin Price

On 17 March 2022, the ApeCoin token launched at a price of 8.15912. Only 12 hours later, APE was up more than 123% to an all-time high of 18.20788. This launched the coin to become the 46th largest cryptocurrency in the world with a market cap of nearly $3 billion. On the first day alone, ApeCoin’s trading volumes exceeded $4 billion. Now that ApeCoin is available on some of the world’s biggest crypto exchanges such as Coinbase, an increase in volume is likely. 

However, since reaching a record high on 18 March 2022, the APE price has declined around 40% trading around the 10.00000 price level. Currently, the ApeCoin price is up more than 35% from the price it first launched at still representing good value for long term investors. 

ApeCoin Price Prediction

ApeCoin is currently the 46th largest cryptocurrency in the world with a market cap of nearly $3 billion. It has some distance to go to rival major coins such as Bitcoin which has a market cap of $812 billion or Ethereum with a market cap of $360 billion. 

However, the 20th largest coin right now is Litecoin with a market cap of $8.5 billion. Considering, that the brains behind ApeCoin have created the third-largest NFT collection and plan to enter the metaverse, it’s likely APE could get into at least the top 20 and possibly the top 10 list of largest cryptocurrencies in the world. 

That would represent some significant upside price potential for ApeCoin. The first target for most investors would be for APE to move back towards the all-time high price level of around 18.20000. This would represent a 70% push higher from current levels. 

Beyond this, investors are likely to target the next major round numbers as milestones. These price levels include 50.00000 and 100.00000 which could be reached in the next few years.  

Best Ways to Buy ApeCoin

If you’re looking at where to buy ApeCoin in the UK and the best ways to do so then read below. 

Buy ApeCoin with Debit Card

While many cryptocurrency platforms provide the ability to buy ApeCoin with a debit card, there are fees to do so. Here is a list from the highest to the lowest:

• Coinbase – 3.99% fee
• Crypto.com – 2.99% fee
• Binance – 2.00% fee

The Verdict

It’s quite clear that the creators of ApeCoin – Yuga Labs – have another winner in their portfolio. The company not only created the world’s third-largest $1.5 billion Bored Ape NFT collection but are now teaming up with major organisations to accept ApeCoin as a form of payment and key players in the metaverse which is predicted to be the next $1 trillion industry. 

There is a reason why ApeCoin became the most actively traded token among Ethereum whales. But to capitalise on this growth, purchasing ApeCoin needs to be done properly and safely using top-notch brokers and platforms to help you. 

Frequently Asked Questions when Buying ApeCoin