Buy ApeCoin Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy ApeCoin (ETH) in Australia, simply:
1 - Get an Ethereum wallet:
Since ApeCoin is an ERC20 token you need an Ethereum wallet to purchase it. This is where you will store your purchased Silver Standard. You can get a free online wallet or purchase a hardware wallet. Elbaite is a non-custodial exchange. We do not hold your Silver Standard in a centralised wallet, meaning you are free to use any crypto wallet of your choosing.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3 - Pay for your ApeCoin purchase:
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your ApeCoin in your wallet. The seller will never know your banking details, keeping your data private.
ApeCoin, also known by its ticker APE, was launched in March 2022. Created by YugaLabs, the company behind the famous Bored Ape Yacht Club (BAYC) NFTs, APE is designed to be the cryptocurrency at the centre of the ecosystem they are currently developing. Although YugaLabs is most known for its NFT projects, the company is also branching out in the metaverse, in which APE is expected to play a key role in its economy. ApeCoin is an ERC-20 token built on the Ethereum blockchain, which means the network uses a Proof-of-Stake consensus mechanism to verify its transactions. Consequently, this means APE does not run its own blockchain but instead utilises the more established Ethereum network to host its network. In addition to being a general utility token, ApeCoin also serves as the governance token of the ApeCoin ecosystem. This means those holding APE vote on how the network is governed. There are one billion APE coins in circulation, and it is well distributed, with the largest private wallet holding only 1% of the total APE supply.
Why buy ApeCoin (APE) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your ApeCoin is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
How do I store my ApeCoin (APE)? There are many Ethereum-based wallet options you can explore when it comes to safely storing your ApeCoin, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your ApeCoin safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding ApeCoin as a long term investment.
More ApeCoin information