What is ApeCoin (APE)?
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem that aims to empower a decentralized community to build products and services related to the Bored Ape Yacht Club brand. The ApeCoin token is used by participants to vote on project proposals through the APE Ecosystem DAO, a governance mechanism.You can buy and sell APE for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade APE for BTC the same way you trade CAD for USD. You can also trade APE to CAD based on the APE price. To learn how to buy ApeCoin, scroll down to see how to buy ApeCoin.
How to buy ApeCoin (APE)?
Here's how to buy ApeCoin on Coinsquare
To buy ApeCoin, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying APE. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select APE from the list on the trade section
Coinsquare lets you trade APE without leaving the app. You can also check the ApeCoin price and convert APE to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the APE price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy ApeCoin (APE)
Congratulations! You’re now the proud owner of APE. You can either HODL or use it to exchange APE to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my ApeCoin (APE)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add ApeCoin (APE) to your portfolio?
Create your account, fund it with spare change and get a little bit of APE.
