The Bored Ape Yacht Club NFTs are among the highest rankings collections on OpenSea and have been trending in the media since their release in April 2021. Now, as of this year, NFTs are no longer the only way to have a stake in the Bored Ape Yacht Club ecosystem.
On March 17, 2022, the creators of this famed ecosystem released their own token called ApeCoin. Here’s a quick run-down on what you need to know…
ApeCoin is an ERC-20 utility and governance token from the creators of the Bored Ape Yacht Club NFT collections, Yuga Labs. It is considered the primary token of the APE ecosystem and it can be used for purchase of their exclusive products and services.
As BAYC’s native currency, ApeCoin exists as a decentralized protocol layer to support projects and initiatives led by its users. Owners of ApeCoin can propose and vote on changes in the ApeCoin DAO – a decentralized organization entitling users to a say on governance decisions about the token.
As an ERC-20 token, ApeCoin can be used as payment in many Web3 apps even outside of the Bored Ape Yacht Club ecosystem. APE holders are also granted the ability to unlock access to merchandise, events, games, and other services.
Eager to buy ApeCoin (APE) but not sure how? No worries! Bitbuy is the simplest and most secure platform to buy ApeCoin (APE). Bitbuy always ensures the lowest associated fees and highest security when buying, selling or trading cryptocurrency.
Investors can easily invest in ApeCoin (APE) by creating an account with Bitbuy, adding funds to their account directly through e-Transfer or bank wire and buying the ApeCoin (APE) directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is here. Our customer support team will ensure your investment journey is smooth sailing throughout.
Buying APE in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:
Where to buy ApeCoin (APE) in Canada
Bitbuy is one of the best and most secure places to buy ApeCoin (APE ) in Canada. Here is why:
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy, it is crucial users know that their digital assets are is safe with us.
Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy ApeCoin (APE).
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient.
We pride ourselves in our exceptional customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone.
Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy ApeCoin (APE) with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy ApeCoin (APE) in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.
Looking for a place to store your APE? Bitbuy is the perfect place to start. Bitbuy has a built in wallet in each user’s account that you can use to store your APE safe and securely.
Website (instructions for the mobile app below)
When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To facilitate the trade click the 'Sell' button which will appear in red.
Click the drop-down and search APE to begin the sale .
Enter the amount of APE that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.
Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.
Locate APE and click on the 'Sell' button.
Enter the amount of APE you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!
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