ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower decentralized web3 community building.
As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes. ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO. It is also the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries. It provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services. Lastly, ApeCoin is alo a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store ApeCoin. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing ApeCoin and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store ApeCoin without any technical knowledge. Here is a brief overview of the existing wallet options to store your ApeCoin:
Hosted Wallet
Hosted wallets are wallets where the private keys to your ApeCoin are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your ApeCoin online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
Software wallet
A software wallet is a program installed on your computer or other device in order to use and manage your ApeCoin. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your ApeCoin, and if malicious parties have access to your device, your private keys (and therefore your ApeCoin) can be stolen.
Hardware wallet
A hardware wallet is a physical device on which you can store your ApeCoin offline. It is one of the safest ways to store your ApeCoin, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your ApeCoin is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive ApeCoin. Once you have purchased ApeCoin on Bitvavo, you can choose to send your ApeCoin from your Bitvavo wallet to your own software or hardware wallet.
