How to Buy ApeCoin (APE) in Australia
The best way to buy ApeCoin in Australia is by going through the most secure and trusted Australian cryptocurrency exchange, CoinSpot. The whole process from signing up to buying the token will take a total of 5 minutes to complete. On CoinSpot, you can deposit AUD via PayID, POLi, BPAY, Osko, Bank Transfer, Credit/Debit Card & Cash. Follow the below steps to get started.
- Sign Up: Create a free account on CoinSpot and complete verification.
- Deposit AUD: Click 'Deposit Funds', select a method and deposit AUD.
- Find Token: Go to the ‘Buy/Sell’ tab, search for APE and click 'Buy APE'.
- Buy ApeCoin: Enter the amount of AUD you want to invest and tap 'Buy'.
.webp)
Should I invest in ApeCoin?
As with any investment, there are both potential benefits and risks to buying ApeCoin. One potential benefit is that APE has a strong community backing. The team behind the coin is constantly working on updates and improvements, and the active community helps to drive the adoption and usage of the coin. APE is also backed by many mainstream celebrities like Eminem.
However, it is important to note that while APE may have a strong community at present, cryptocurrency is a highly volatile market and there are no guarantees for future success or stability. It is also crucial to consider your own investment strategy and risk tolerance before deciding whether or not to buy APE.
.webp)
What can I use APE for?
In addition to holding the ApeCoin crypto on CoinSpot, you can also use it for a variety of different things including purchasing Bored Ape Yacht Club NFTs directly on CoinSpots NFT marketplace. In addition to investing in NFTs with your APE, you can also use it to pay for real-life purchases.
CoinSpot has recently launched its very own cryptocurrency card, which allows users to spend any of the exchanges supported tokens at millions of merchants worldwide. This includes the APE token, which means you can use it to pay for rent, bills, online shopping etc. The CoinSpot crypto card can be used at any merchant that accepts Mastercard payments.
About ApeCoin
Apecoin or APE, is a decentralised cryptocurrency designed to facilitate secure and efficient transactions for the BAYC community. It is essentially the governance token for the Bored Ape Yacht Club (BAYC) NFT community. The APE cryptocurrency currently allows holders to stake to earn up to 20% APY and also vote on important governance proposals that affect the future of the community.
One unique aspect of ApeCoin is its use of "ApeNests," which are clusters of nodes that work together to process transactions and contribute to the overall network security. This allows for faster transaction times and improved scalability compared to traditional blockchain architectures. ApeCoin offers near-instant payments through its Lightning Network implementation.
