NANA has been on the rise lately. This situation brought many people’s attention to Apetools.
Unlike other major cryptocurrencies, NANA is listed on several crypto exchanges, it cannot be purchased directly from fiats. However, you can easily buy this currency by first buying Bitcoin on any major exchange and then transferring that currency to the exchange that offers to swap it. In this guide article, we will show you the steps for purchasing NANA in detail.
Step 1: Register with Coinbase
First, you will need to purchase one of the main cryptocurrencies, usually Bitcoin (BTC) or Ethereum (ETH). We will be using Coinbase here as it is one of the largest crypto exchanges accepting deposits. Thus, you will be able to make your NANA purchase.
If you purchased Ape Tools, we are not done with your transaction yet, since NANA is an altcoin, we need to transfer our coins to an exchange where NANA can be bought and sold. Below is a list of exchanges that offer NANA trading on various market pairs, visiting their website and signing up for an account.
After you finish, you will need to deposit a BTC / ETH / USDT in the cryptocurrency exchange, depending on the current market pairs. Once the deposit is confirmed, you can buy NANA in currency view. In addition to the above exchanges, there are some popular crypto exchanges where daily trading is in reasonable amounts and they have a large user base. This will ensure that you can sell your coins
If you plan to keep your NANA purchased through DEXs such as Pancakeswapover a long period (” hodl “, as some say), you may want to explore ways to keep your NANA safe for an extended time. One of the most secure cryptocurrency wallets in existence, there were hacker incidents and funds were lost. Due to the nature of wallets on exchanges, they will always be online (we call them “Hot Wallets”) so they expose certain aspects of their vulnerabilities. The safest way ever to keep your coins is to always put them in some kind of “Cold Wallet”; where the wallet can only access the blockchain (or simply go “online”) when you send money. reduces the likelihood of hacking incidents.
How ApeSwap Works?
ApeSwap offers the user base a variety of ways to interact, invest and profit from the various activities on the platform. Most of these events are based on the local $ BANANA token that acts as a utility token at ApeSwap, and most of these focus on rewarding users in $ BANANA.
Many ways users can interact with ApeSwap including trading, farming, pools, and Initial Ape Offers. Trading is a simple act of trading tokens. Farming involves creating the liquidity pool (to enable trading) and $ BANANA tokens as a reward for delivering liquidity to the platform. Pools are a way to further stimulate pool liquidity for other trading pairs and generate more BANANA on the $ held by $ BANANA users. Finally, First Monkey Offerings allow users to enter new and upcoming projects.