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Buy ApeCoin (APE) in UK With GBP | CoinJar

ApeCoin

APE
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£0.000GBP
Figures shown refer to the past. Past performance is not a reliable indicator of future results. Pricing data is provided by CoinJar.
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Buy APE

Overview

#126
Popularity
Collectibles and NFTs
Asset type
2022
Active since
Official site

What is ApeCoin?

Buy ApeCoin: Why do investors buy ApeCoin (APE)? What is it? Apecoin is a governance token built on the Ethereum blockchain. It’s part of a vibrant ecosystem that aims to revolutionise art, gaming, entertainment, and digital experiences.

What does ApeCoin do?

ApeCoin isn’t just a fancy digital collectible; it has real-world applications.

Bored Ape Yacht Club (BAYC)

Ever heard of NFTs (Non-Fungible Tokens)? BAYC is a collection of unique digital apes. Owning an ape NFT grants you membership to an exclusive club. ApeCoin powers this ecosystem.

Otherside metaverse

Imagine stepping into a virtual world where you can explore, create, and interact with others. The Otherside metaverse is that place, and ApeCoin fuels its growth.

ApeSwap decentralised exchange (DEX)

ApeSwap is a DEX where you can trade tokens. ApeCoin plays a crucial role in its operation.

Benji Bananas gaming platform

Benji Bananas is a gaming platform within the Ape ecosystem. ApeCoin ensures that bananas (the in-game currency) flow smoothly.

Fungible governance token

ApeCoin is like a digital badge that gives you a say in how things work within the Ape ecosystem. Holders of the token can participate in decision-making processes related to the project.

Ethereum blockchain

Think of Ethereum as a giant digital playground where developers can build all sorts of cool stuff. ApeCoin lives here, and it’s based on a set of rules called smart contracts. These contracts ensure transparency and a level of protection.

Popular Culture

While ApeCoin might not be as famous as Bitcoin or Dogecoin, it’s gaining traction. You’ll find enthusiasts discussing it on social media, creating memes, and even incorporating it into their digital art. It’s like a secret handshake among those who believe in the power of apes and decentralised creativity.

Meme or Utility?

It isn’t just a memecoin. It’s a utility token with real-world applications. Memecoins often start as jokes and don’t serve any purpose beyond making people laugh. ApeCoin, on the other hand, empowers an entire ecosystem.

Buy ApeCoin

To buy APE on CoinJar, follow these user-friendly steps.

Sign Up to CoinJar: Download the CoinJar app on iOS or Android. Create an account and verify your ID.

UK residents are required (in accordance with local legislation) to complete an appropriateness assessment to show they understand the risks associated with what crypto/investment they are about to buy and enabling CoinJar to categorise them as an investor.

New customers are also required under local regulations to wait 24-hours as a “cooling off” period (from account creation), before their account is active (i.e. to deposit, trade, withdraw etc.).

Deposit Funds: Transfer funds from your bank account using bank transfer.

Buy ApeCoin: Once your funds are deposited, you can buy ApeCoin along with more than 60 other cryptocurrencies.

It's important to note that the Ape Token mentioned in the context of BAYC is different from the APE Coin associated with the ApeSwap decentralised exchange (DEX) on the Binance Smart Chain. Therefore, always double-check the project's official information and sources to ensure you interact with the correct token.

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Cash, credit or crypto?

Buy ApeCoin using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.

How to buy ApeCoin with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountCreate an account with CoinJar and verify your ID.
Step threeMake a purchaseBuy more than 60 cryptos using Faster Payments, SEPA, bank transfer, or a debit card.
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Dollar Cost Average (DCA) into individual cryptocurrencies or CoinJar Bundles. Choose your assets or Bundles with themed baskets of crypto in the CoinJar app. Use Recurring Buy to set up automated weekly, fortnightly, or monthly purchases at your chosen rate.DCA with Recurring Buy
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Standard Risk Warning: The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. The article is provided for general information and educational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits. CoinJar's digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767). In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.

The performance of most cryptocurrency can be highly volatile, with their value dropping as quickly as it can rise. Past performance is not an indication of future results. Remember: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at: https://www.coinjar.com/uk/risk-summary. UK residents are required to complete an assessment to show they understand the risks associated with what crypto/investment they are about to buy, in accordance with local legislation. Additionally, they must wait for a 24-hour "cooling off" period, before their account is active, due to local regulations. If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.

Specific risks associated with DeFi tokens Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology. DeFi tokens carry the following risks:Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens. Regulatory risk: DeFi operates in a decentralised manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens. Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols. Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

Specific risks associated with meme coins: 'Meme coins' (e.g. DOGE, SHIB, PEPE) are crypto-assets whose value is driven primarily by community interest and online trends. Meme coins carry the following risks: • Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid and unpredictable price fluctuations within short periods. The value of meme coins can be influenced by social media trends, celebrity endorsements, and other factors unrelated to traditional investment fundamentals. • Lack of utility: Meme coins often lack intrinsic value or utility, being primarily driven by community interest, online trends, and speculative trading. • Market manipulation: Meme coins may be susceptible to increased risk of market manipulation including 'pump-and-dump' schemes, where the price is artificially inflated followed by a sudden crash. • Lack of transparency: Meme coins may have limited available information about their development teams, goals, and financials. This lack of transparency can make it challenging to assess the credibility and potential of a meme coin accurately. • Emotional investing: Meme coins often garner strong emotional reactions from investors, leading to impulsive decisions. Emotional trading activity can amplify losses.

Specific risks associated with stablecoins: There is a risk that any particular stablecoin may not hold their value as against any fiat currency; or may not hold their value as against any other asset. Stablecoins carry the following risks: · Depegging events: Depegging events may occur with stablecoins that fail to maintain adequate controls and risk mitigants. A depegging event is when the value of the stablecoin no longer matches the value of the underlying asset. This could result in a loss of some or all of your investment. • Counterparty risk: Counterparty risk arises when an asset is backed by collateral, involving a third party maintaining the collateral, which introduces risk if the party becomes insolvent or fails to maintain it. • Redemption risk: Redemption risk refers to the possibility that an asset's ability to be redeemed for underlying collateral may not be as anticipated during market fluctuations or operational issues. • Collateral risk: Collateral risk refers to the possibility of the collateral's value declining or becoming volatile, potentially impacting the asset's stability, particularly when it is another crypto-asset. • Exchange rate fluctuations: Stablecoins, often denominated in US Dollars, expose investors to fluctuations in the USD:GBP exchange rate. • Algorithmic risk: Algorithm risk refers to the possibility of an asset's stability being compromised due to unexpected failure or behaviour of the underlying algorithm, potentially leading to loss of value.

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Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.

We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets.

We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.

CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).

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