ApeCoin brought huge gains to millions of UK investors in March. In this guide, we’ll show you how to invest in ApeCoin in the UK
Our Guide will cover everything you need to know, from how to open an account to how to set up a crypto wallet to how to invest in ApeCoin in the UK. Ready to get started? Read on to learn how to buy ApeCoin in the United Kingdom.
How To Invest In ApeCoin In The UK – Quick Guide
To help you buy ApeCoin as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for ApeCoin on eToro – Search for APE or ApeCoin in the eToro crypto market.
- Step 5: Buy APE Tokens – Enter the amount of investment of ApeCoin you want to purchase, then click Open Trade.
That’s it! By following these easy steps, you can invest in ApeCoin in the UK in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
ApeCoin (APE) was one of the cryptocurrencies that made gains during the recovery of the market in the last days of March.
ApeCoin (APE) continues to trade below 70% of its all-time high price of $39.40 (in the region of £30.40) recorded on its first day as a crypto trading asset on March 17, 2023.
This has made the token a low barrier of entry for traders who would want to venture into the non-fungible token (NFT) space due to APE’s association with the Bored Ape Yacht Club (BAYC) collectibles.
In less than one month, ApeCoin has risen among thousands of cryptocurrencies to become a large-cap digital asset. This is in reference to APE’s $3.25 billion (around £2.47 billion) in market capitalization which also makes ApeCoin a top 100 crypto project.
ApeCoin is increasing the popularity of digital collectibles in the form of NFTs and aims to draw more attention to the possibilities of the modern form of artistic creation.
If you are not sure how to get started in investing in ApeCoin or whether or not you should invest in ApeCoin, we have resourceful information to guide your decision.
This guide will take you through buying ApeCoin in the United Kingdom.
Some of the questions we will tackle in this guide include but are not limited to:
- How to invest in ApeCoin?
- The different strategies to invest in ApeCoin in the UK
- How much would I have made if I invested £1,000 in ApeCoin in March?
How to Invest in ApeCoin In the UK – Tutorial
The guide above covers the basics of how to invest in ApeCoin in the UK. But if you want more details, we’ve broken down each steps so you can invest in the new hottest crypto coin with low fees today,
To buy ApeCoin cryptocurrency in the UK, follow the steps below.
1. Open an account On eToro
First and foremost, you have to open an exchange account on eToro. You can sign up for an account here. On the platform, you have to input details of your full legal name, active email address, verifiable home address, and active phone number.
Per regulations, eToro will have to verify the person behind the computer or smartphone. As a result, your email address, and phone number will be verified first.
2. Verify your Account
Secondly, you must verify your eToro account. Representatives of the exchange will request a government-issued identification (ID) card such as a passport, national ID card, or driver’s license among others.
In addition to this, the exchange will demand a scanned copy of a bank or credit card statement that confirms your home address. Depending on how cooperative you are as a client, verifying your account can take a few minutes.
3. Fund your account
Thirdly, you have to deposit funds. Without funds, you cannot invest in ApeCoin. You can choose from a range of payment methods (bank cards, bank transfers, and online services wallets such as PayPal, Neteller, Skrill, and co.). Deposit an amount of money that meets your risk appetite.
4. Buy ApeCoin
Lastly, you have to navigate to the ApeCoin (APE) page On this page, you can order several amounts of APE. Within seconds, eToro will process your order, and APEs will appear in your crypto portfolio.
5. Set up a Crypto Wallet
You do not need an etoro ApeCoin wallet to buy ApeCoin, However, it can be super helpful to have a cryptocurrency wallet if you want to receive or send crypto.
Aside from centralized exchanges such as eToro, Binance, and Coinbase Pro, decentralized exchanges such as Uniswap also support the trading of ApeCoin.
Once it’s downloaded, you have to create a password. After that, TrustWallet will automatically generate private keys (passcodes) which come in a minimum of 12 and a maximum of 24.
Since ApeCoin is housed in the Ethereum ecosystem, you will need to buy Ether (ETH). After you are done buying ETH, you can swap your ETH for UNI tokens. You can then connect your wallet to Uniswap, and buy any amount of ApeCoins that meet your investment goals.
Now that you know how to buy APE from centralized and decentralized exchanges, you should know the different ways of trading the token.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Different Strategies For Investing In ApeCoin In The UK
.jpg)
It is one thing having APE tokens in your account and another knowing the other ways of making money through ApeCoins. You can trade APE tokens in the following ways:
Day Trading ApeCoin
Day trading comprises active traders who execute intraday strategies to profit from the price changes in a given asset.
If someone practices buying and selling an asset within a single trading day, the person is day trading.
Day traders are highly sophisticated and rely on technical analysis in addition to fundamental analysis to make trading decisions.
More importantly, traders are alert to sensitive information about their assets of interest, and this helps them make short-term market moves.
This has become one of the popular ways from which millions of people make huge gains from the volatile nature of cryptocurrencies.
A great example can be attributed to the price history of ApeCoin. APE opened on March 17, 2023, at $1 (around £0.76) and increased by 3,840% to an intraday high of $39.40 (around £30.04).
Within a few hours, APE decreased by 78% to close the day with a new price of $8.52 (around £6.50).
With this, you could have chosen to buy APE when it was low and sold it off when trading activity closed for the day to make decent gains.
On the other hand, you could have chosen to sell APE when it reached a new high, and still profited from your decision when the price of the token crashed by the end of the day.
As a novice, you should know that you can make numerous small profits on small price changes within the day through a strategy called scalping.
You can also employ technical analysis which will show you the price support and resistance levels for APE to make decisions through a strategy called range trading.
Since ApeCoin is linked indirectly to the creators of Bored Ape Yacht Club and Mutant Ape Yacht Club (MAYC), Yuga Labs, you can follow the team's activities on social media. Once the team makes new acquisitions or launch new digital collectibles, you can seize this trading opportunity and make profits through a strategy called news-based trading.
Since its inception as a tradable token on March 17, APE has recorded at least $600 million (around £457 million) in daily trading volume. Therefore, you can use the amount of liquidity being poured into the token to make decisions. Normally when trading volume goes up, the price of an asset goes up and vice versa. Using this strategy is called high-frequency trading.
Read Also: Cryptocurrency Day Trading Strategies
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Long Term ApeCoin Investing
This is where you invest in APE with an eye on future gains.
As a result, you buy ApeCoins, and leave them in your custodial account (centralized exchanges such as eToro, Binance, and Coinbase Pro) or your non-custodial account (crypto wallet such as TrustWallet).
This is what has brought about the popular term HODLing.
HODLing denotes a long-term approach to investing in ApeCoin and cryptocurrencies as a whole.
Once your order is processed on eToro or Uniswap, you can leave your digital tokens in your accounts for months or years and only attend to them when your investment goals have been reached.
For novice or beginner traders, this is one of the best ways of investing in APE or any cryptocurrency of your choice.
Although it is risky due to the volatile nature of cryptocurrencies where one month can be bullish and the next four months turn bearish, this is a way of believing in a token for the foreseeable future.
As of writing, APE was trading below £15. This means that with £100, you could buy around 6 APEs. With an eye on the forecast made by analysts at Price Prediction who believe APE could reach an average price of $116.25 (around £88.64) in 2027, your £100 investment could turn to £590.
Don't Miss: ApeCoin (APE) Price Prediction
How Much Would I Have Made If I Invested £1,000 In ApeCoin In March?
ApeCoin sold for $1 (0.76) pence on March 17. On the last day of March, ApeCoin traded for $12.69 (approximately £9.68). Therefore, if you had invested £1,000 in APE on March 17, you could have purchased around 1,315 APE coins. With a new price of £9.68, you could have made approximately £12,736.
Several early investors of APE have made enormous gains.
For instance, suppose a crypto whale bought £100,000 of APE on March 17, he would have gotten 131,578 APE coins. With a new price of around £10, that investment could have increased to £1.3 million in less than 30 days.
Should You Invest In ApeCoin (APE)?
To many gainers, cryptocurrency investments can be lucrative. To those who have fallen victims to scams, investing in cryptocurrency is very risky.
Therefore, before buying ApeCoin in the UK, you should understand the entirety of the ApeCoin ecosystem.
Aside from this, you must choose one of the four aforementioned strategies in day trading or settle for long-term investing with an amount of money you can write off as bad debt.
Investing in ApeCoin has brought decent returns to several investors and could be the missing digital asset on your crypto portfolio.
Read more: Could ApeCoin Be A Millionaire-Maker Coin?
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Conclusion
You now know how to invest in ApeCoin in the UK via eToro, the FCA- regulated broker. The process takes less than 5 minus from start to the end.
In choosing eToro, you will only need to invest $10, about £7, into ApeCoin. Just make sure you search ApeCoin thoroughly before investing.
eToro — Top UK Platform To Buy ApeCoin
Open an account with eToro, deposit some funds with USD, and finally – buy ApeCoin from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Frequently Asked Questions on How to Invest in ApeCoin UK
Where is the best place to buy ApeCoin in the UK?
If you’re wondering where to buy ApeCoin in the UK, several brokers and exchanges support this crypto asset. However, eToro offers the safest way to invest in ApeCoin as the platform is fully regulated in the UK by the FCA.
Will ApeCoin ever get to $100?
In order for ApeCoin to get to $100, it would only need to increase by a further 75% from its previous peak. ApeCoin is still trading at a price significantly below $50, so the coin requires a much higher upside to get to the $100 level. Whether or not ApeCoin can achieve this mark remains to be seen.
How can I buy ApeCoin in the UK?
To buy ApeCoin in the UK right now, open an account with the FCA-regulated broker eToro and deposit some funds. Next, search for ApeCoin and enter the amount you want to invest. Finally, confirm the order.
Read More:
Best Methods On How To Earn ApeCoin (APE) Fast
How Many ApeCoins (APE) Do You Need To Become A Millionaire?
Top 10 NFT Cryptos To Explode In 2023