December 7, 2022
Austin, Texas, USA
Business

How to get involved with ApeCoin and the APE ecosystem

ApeCoin

ApeCoin (APE) launched in mid-March of 2022 and was designed to be used within an ecosystem of games, merchandise, events, and services that celebrate and protect the great apes and their natural habitat. 

ApeCoin (APE) is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO. It will also be used to access games, merchandise, events, and services. 

This article will help you get involved with APE and the greater APE ecosystem if you aren’t already involved.

Understanding the Cryptocurrency Space

There’s a lot of jargon, but it’s not hard to understand cryptocurrency. When we look at a currency like the USD, there are things like a central bank, accounting standards, taxes, etc. All of these pieces fall into place in order for us to trust that when we buy $100 worth of goods from Walmart (WMT), our money will be accepted there. 

However, in cryptocurrencies like Bitcoin (BTC), those pieces don’t exist, so you have to research everything on your own. Here are a few links that can help you out

  1. Where to buy APE coins? – Crypto Marketplace 
  2. Where Can I Spend APE Coins? – Trade or Sell 
  3. How Do I Store My APE coins? – Coinbase/wallet 

Getting Started With Crypto

Getting into crypto is pretty easy, but it’s important to remember that not all coins are created equal. In fact, some coins have been abandoned by their creators, leaving them in perpetual limbo-meaning no one is updating or improving them. Check out an asset’s website, slack channel, discord group (if there is one), and bitcointalk announcement thread before you buy. 

The most promising projects will have a committed team behind them. There should be clear development goals outlined on either a roadmap or white paper that explains how they plan to use funds raised in an ICO or pre-sale. If they don’t have either of these things…be careful. And if it sounds too good to be true? It probably is.

Buy/Sell Cryptocurrencies

To buy or sell cryptocurrencies like Ape coins, you’ll want to create a wallet. In case you’re interested in an exchange that allows you to trade fiat currency for cryptocurrencies, check out Coinbase Pro or Binance. These are two of our favorite exchanges because they offer a variety of digital assets and have extensive educational resources that make it easy for anyone to learn how cryptocurrency works. 

If you prefer trading between different coins, try Bitfinex (for more advanced traders) or Kraken (if you just want something simple). Choose whichever one feels more comfortable using. Once downloaded, select create an account. Then go through identity verification procedures in order to link your bank account and/or credit card so that when you need to deposit funds on these platforms, they will appear quickly.

Storing Cryptocurrencies

There are a number of exchanges out there where you can buy, sell, and trade cryptocurrencies. Because they store sensitive information, they have become an easy target for hackers. Coinbase (one of the world’s largest cryptocurrency exchanges) recently had to halt trading due to unauthorized access; their service was down for 12 hours. 

We recommend purchasing APE coins directly from your own wallet instead of buying it on an exchange. You can download a local wallet application (known as a desktop wallet) that will allow you to keep your coins in a safer environment outside of any online exchange or service provider.

ApeCoin Basics

Getting started with APE is easy. To begin, you’ll need an ERC-20 compatible wallet like My Ether Wallet (MEW) or MetaMask. Once you have a wallet, you can buy some APE tokens on one of two cryptocurrency exchanges that offer liquidity: LATOKEN and IDEX. 

You will also need a debit card to spend your money at physical locations, online retailers, and more. Once you’ve bought some tokens and downloaded your preferred digital wallet, all you have left to do is wait for things to take off. 

There are many opportunities for everyone in our community who wants to be a part of something bigger than themselves. Just check out our community forums on Telegram if you want more information.

Buying ApeCoins on Exchanges

The easiest way to acquire APE tokens is by purchasing them on a cryptocurrency exchange. At present, no exchanges are buying or selling ApeCoins, so buyers will need to first purchase another cryptocurrency using US dollars or Bitcoin. 

The most popular exchanges for acquiring cryptocurrencies like Bitcoin include Coinbase, Gemini, Bittrex, and Kraken. 

Once you have acquired some Bitcoins/US dollars, you can convert those funds into ApeCoins by signing up on a cryptocurrency exchange that lists them (see below) and then converting your fiat currency or BTC into APE tokens.

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