Skip to main content

Buy ApeCoin in Canada

ApeCoin made simple

Everything you need to know about ApeCoin and how to start investing in it.

Current Price

This one’s easy: the price the coin or token is trading at right now.

$1.14 CAD

-$0.036070 (-3.07%) past 24 hours

Market Cap
The value of the entire supply of a specific cryptocurrency or token. It’s calculated by taking the price of a coin/token and multiplying it by the total number of that coin/token in circulation.
$1,145,000,187.90
Circulating Supply
The amount of coins that have already been created and are available in the market.
$674,644,886
Total Supply
The total amount of coins currently in existence minus any coins that have been burned or removed from circulation.
$1,000,000,000
24h low - high range
Low-high range over the past 24 hours.
$1.09 - $1.20
7 day low - high range
Low-high range over the past 7 days.
0.9595971 - $1.20
52 week low - high range
Low-high range over the past 52 weeks.
0.8391138 - $3.64

ApeCoin 101

Launched on March 17, 2022, ApeCoin, also known as APE, is the ERC-20 utility and governance token of the ApeCoin DAO. Although it’s owned by the DAO, APE is associated with the Bored Ape Yacht Club (BAYC), a collection of 10,000 NFTs created by Yuga Labs. BAYC are considered one of the top NFT projects in the crypto space, consistently ranking near the top of NFT marketplaces such as Opensea (rank #1 as of March 2022).

ApeCoin is a governance token, meaning APE holders can vote to alter the protocol that determines the token’s parameters. Each APE token holder therefore has a stake in the development of ApeCoin, voting on decisions in the DAO regarding governance rules, partnerships, projects, ecosystem fund allocation, and beyond. After these decisions are made, an organization called the APE Foundation is tasked to administer them.

As ApeCoin is an open-source ERC-20 associated with the Yuga Labs’ BAYC ecosystem, its main goal is to empower the creation and expansion of web3 communities via four participatory mechanisms: governance (which we covered above), access (APE token holders get access to exclusive events, merchandise, games, and more), incentivization (third-party developers who own ApeCoin can include APE avatars in their games, apps, and services), and as a unit of account (token holders can use ApeCoin as a cryptocurrency without any centralized intermediaries).

Why Wealthsimple Crypto?

Wealthsimple Crypto lets you buy and sell cryptocurrencies all in one easy-to-use app. And as Canada’s first regulated crypto platform, you can trust that your coins are in good hands. How simple is it?

  • Sign up in minutes right from your phone or laptop
  • Start trading crypto with as little as $1
  • No account minimums
  • No clunky dashboards — just one super simple app
  • Best of all: you don’t need to be an expert in crypto or blockchain to get started
Get started with Crypto

What can you do with ApeCoin?

Because it’s an ERC-20 token, APE can be used for payments within participating Web3 apps of all sorts, including those created by third-parties that have no relation to Yuga Labs or BAYC. Developers can use APE within their services, products, and games, and thereby take part in the BAYC ecosystem.

Yuga Labs is also working on developing its own play-to-earn game in partnership with the development studio nWay, and ApeCoin is anticipated to be used for in-game transactions. APE holders get an open and shared currency that they can use without any centralized intermediaries. As we mentioned above, APE owners also get exclusive access and merch, and they can vote on proposed changes to the protocols that govern the token’s parameters.

And of course, as with other digital currencies, you can use APE to speculate, trading or holding it on many crypto platforms and brokerages, including Wealthsimple.

Is ApeCoin a smart investment?

Crypto carries risks — but generally speaking, our advice (regardless of whether you’re investing in ApeCoin or stocks) is: never invest what you can’t afford to lose. The smartest way to grow your money long term is with a diversified, low-cost portfolio that tracks the market.

How we keep your ApeCoin safe

As Canada’s first regulated crypto trading platform, we’re required to meet certain requirements — like using only qualified custodians (like Coinbase Custody) for cold storage.

FYI: Wealthsimple Crypto is not an exchange itself. Instead, we work with multiple exchanges to give you the best ApeCoin prices.

And to make sure your coins are extra protected, we’ve partnered with Coincover for an extra layer of security.

If you’re holding crypto outside of Wealthsimple, that’s no problem. You can safely transfer your ApeCoin to your Wealthsimple account in just a few taps.

Ready to get started?

Download the Wealthsimple Trade app, create your account, and start trading ApeCoin with just $1. It’s that simple.