Key Takeaways
- The Pepe Coin (PEPE) is a popular meme cryptocurrency that has gained attention due to its viral nature and community support;
- You can buy the Pepe Coin crypto asset on major exchanges like Binance, Bybit, and Kraken, following simple steps to secure your investment;
- Understanding PEPE's market trends and investment potential is crucial before making any purchase decisions.
The Pepe Coin, inspired by the famous "Pepe the Frog" meme, has quickly become a sensation in the crypto world. If you’re curious about how to buy Pepe Coins, it’s important to understand why this meme-based cryptocurrency has gained such a strong following. Its value is driven by an enthusiastic community, making it an intriguing and unpredictable investment.
As more people get involved with the Pepe Coin, it’s clear that meme-based cryptocurrencies are influencing the market in new and unexpected ways. This unique blend of internet culture and finance shows how community-driven trends can create real economic impact.
If you’re ready to dive into the world of PEPE, choosing a reliable exchange is key. Platforms like Binance, Bybit, and Kraken offer some of the most secure, easy-to-use options for buying the PEPE crypto token. Let’s explore how you can get started on these top-tier exchanges and make your first purchase.
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How to Buy Pepe Coins
If you're looking to buy PEPE on crypto exchanges or wallets, several major platforms offer convenient options. Binance, Bybit, Kraken, and the Coinbase wallet each provide unique features for purchasing the token. To make an informed decision on how to buy Pepe Coins, let’s start with Binance.
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On Binance
The name "Binance" might be at the top of your mind when looking for exchanges that support PEPE. It's one of the most popular crypto trading platforms out there, known for its relatively low trading fees, curated (yet expansive) list of supported assets, and user-friendliness.
Notably, on Binance, you can purchase PEPE quickly and easily right through its "Buy Crypto" interface. For starters, you won't need to pre-fund your account or go through the hassle of selecting trading pairs (which may be especially confusing if you're a beginner). So, let's get into the details on how to buy PEPE on Binance, specifically via its desktop platform:
Step 1: To start buying the Pepe Coin crypto on Binance, you need to create a free account. Visit its website or download the Binance app. Register by providing your email address and setting a strong password. You will also need to pass KYC to use Binance’s features.
Step 2: Once your account is verified, go to the "Buy Crypto" section. Here, you can buy crypto using fiat, either with a debit or credit card.
Step 3: Make sure you're in the "Buy" tab. Before specifying how much you'd like to spend, search for PEPE by clicking the downward arrow.
Step 4: If you've selected the Pepe Coin crypto, the next step is to enter the amount you'd like to spend and select the fiat currency. Thankfully, Binance is one of the crypto exchanges that support the most fiat currencies (70+ of them, to be exact). So, you won't need to overthink whether your country's currency is supported. If you cannot find your home currency, let's go with the default option, USD.
Step 5: Review if your order checks out and select the available payment method, which may vary depending on where you live. Most of the time, you can either bind your payment card or use Binance's P2P service.
If you go with the latter, keep in mind that the process might not be as instant as card payment, as you'll need to bid an offer to an existing Pepe Coin advertisement. To make things simple, I'll choose a debit card as my method of payment.
Step 6: Confirm your payment, and once successful, Binance will deposit the purchased PEPE crypto asset into your Spot or Funding Wallet.
That said, the "Buy Crypto" feature is not the only way to purchase PEPE on Binance. You can also trade it with other crypto assets (like USDT or TRY) via the spot market. I'd suggest exploring the platform to find out more. Also, consider transferring PEPE to a cold wallet like Ledger Nano X or Trezor Safe 5 to securely protect your shiny and new meme coin investment.
Following these steps will guide you through the process of buying the Pepe Coin on Binance. However, in case the exchange is restricted in your country, let's explore the proccess on other platforms.
On Bybit
If you're still looking for a crypto trading platform with low trading fees, Bybit might be the answer, especially if you're a derivatives trader. On top of that, Bybit supports 1000+ crypto assets, so if you're interested in other meme coin flavors, you might find them there. But since we're focusing on the Pepe Coin crypto, let's see how you can get your hands on the viral frog coin on Bybit:
Step 1: Before you start trading, deposit some funds into your Bybit account. Hover over the "Assets" section in the top right corner of the Bybit homepage and click "Deposit". Thankfully, Bybit supports various deposit methods (crypto or fiat) and payment methods (credit/debit card, third-party, or Bybit P2P). For this example, I'll choose the classic crypto deposit method with USDT.
Step 2: Select the previously deposited cryptocurrency, then choose the chain type (I'd recommend the Ethereum network, where PEPE is built on). After acknowledging the information message, you’ll receive your Bybit deposit address. You can either scan the QR code or copy the deposit address to send your funds.
Step 3: Once your deposit is confirmed, visit the spot trading page for Pepe coin on Bybit.
Step 4: Select your trading pair by clicking the three-line icon at the top left. As I previously deposited USDT, I'll choose PEPE/USDT.
Step 5: Next, decide on the type of order you want to place.
There are many order types available on Bybit, but I'll go through the main ones. If you prefer a Limit Order, which allows you to control the price you pay, select “Limit". Enter the specific price at which you want to buy, and specify the amount you wish to purchase. Once you’ve set your parameters, click “Buy Pepe".
For those who want to buy PEPE instantly, the Market Order method might be more suitable. Select “Market” and simply enter the amount of USDT you want to spend. The transaction will be completed at the current market price, making it a faster, albeit potentially less precise, option. After entering the amount, click “Buy Pepe” to confirm your purchase.
Alternatively, if you want to purchase based on certain market conditions, opt for a Conditional Order. Select “Conditional”, then enter the trigger price that will activate the order. You can choose to execute the order at either the current market price or a limit price you set. After filling in the necessary details, click “Buy Pepe” to finalize the order.
Step 6: Confirm your order details. For Limit and Market Orders, you can check under “Active” or “Filled” on the web page or mobile app. For Conditional Orders, review them under “Conditional” or “All Orders → Current Orders.”
Overall, Bybit offers an interesting way to buy PEPE via its trading features. Specifically, what I've shown you is how to trade PEPE in Bybit's spot market. Aside from that, the option to buy PEPE perpetual contracts, which have no set expiration date, is available as well.
On Kraken
For meme coin aficionados in the US (where Pepe the Frog actually originates from), you might want to check out Kraken as an available platform to buy the PEPE crypto asset. Kraken is geographically compliant, so you can buy PEPE securely without trespassing legal boundaries (like using a VPN).
So, how to buy Pepe Coins on Kraken? Fortunately, the process is pretty streamlined. Just follow these steps:
Step 1: Begin by setting up your free Kraken account. Visit the Kraken website and click on "Sign Up". Enter your email address and select your country of residence. No worries, Kraken’s registration process is user-friendly, helping you quickly establish your profile. You will need to pass the KYC process, though, to be able to use any of Kraken’s features.
Step 2: After setting up your account, make sure to add some funds before buying the Pepe Coin. Kraken offers several ways to do this, including using a debit/credit card, bank transfer, Apple Pay, Google Pay, or depositing other cryptocurrencies. For this example, I'll explain how to fund your account with a debit or credit card.
Go to the “Deposit” section on the Kraken homepage. Select your currency, like USD, and choose the debit/credit card option. Enter the amount you want to deposit and your card details. After that, Kraken will guide you through a secure process to verify your card. Once the transaction is complete, the funds will be added to your account, and you’ll be ready to buy the Pepe Coin.
Step 3: With your account funded, you can now purchase the Pepe Coin. To do so, go to Kraken’s trading page, click “Explore”, look for PEPE using the search bar, and select it from the list of cryptocurrencies.
Step 4: Click the “(+) Buy” button, specify the amount of Pepe Coin you wish to purchase, and confirm the transaction. Kraken allows you to start investing in PEPE with a minimum amount of just $10, making this cryptocurrency accessible to both beginners and experienced investors alike.
Now, what if you want to buy PEPE futures (especially if you're a US trader)? Good news, you can do that on Kraken, too. With futures contracts, you can gain exposure to PEPE's market movements without actually having to buy or hold the token in your portfolio.
Moreover, Kraken offers a dedicated PEPE wallet for the fans of this meme coin. This wallet is self-custody in nature, meaning that the control of PEPE is fully in your hands. Optionally, if managing crypto assets yourself seems overwhelming, I'd suggest storing them in a custodial wallet like Ledger Nano X.
On Coinbase
So far, we've figured out how to buy PEPE via instant buy or the spot market. What if you want to do things differently, though? Well, you might want to hear about how to buy PEPE on the Coinbase wallet. The platform is a highly reputable alternative if you're looking to buy the PEPE crypto asset in the US.
Before going further, though, let me explain briefly. You can't actually buy PEPE via the Coinbase exchange itself, as the token is not tradeable there. But with the Coinbase wallet, which opens access to decentralized exchanges (DEXs), you can buy PEPE via token swapping.
With that in mind, let's learn how to buy PEPE on the Coinbase wallet mobile app. Seeing the most popular trading platforms for PEPE, I'll choose Uniswap as the intermediary for the token swap.
Step 1: Start by downloading the Coinbase wallet app on your smartphone or adding the Coinbase wallet browser extension.
Step 2: Once you have the wallet, set it up by choosing a username that you’ll use to access your funds and receive deposits from others. You can keep it private if you prefer, adding a layer of security as you move forward in buying the Pepe Coin.
Step 3: Next, secure your Coinbase wallet. In your profile, go to "Security", and you'll see the "Backups" tab. You’ll be given a recovery phrase—a series of 12 random words—that acts as your backup key. Store this in a safe place, and never share it with anyone.
Step 4: Now, you need to add some cryptocurrencies to facilitate your PEPE purchase on the Coinbase wallet. Click "Buy", then select "Add crypto with Coinbase onramp". Remember that PEPE is an ERC-20 token (built on the Ethereum blockchain), so for the transactions to be compatible, ETH is needed.
Step 5: Once you have sufficient ETH in your balance, it's time to buy PEPE. Go to the "Browser" section. You can find it in the bottom navigation bar.
Step 6: In the "Browser" section of the Coinbase wallet app, navigate to Uniswap. You can also bookmark it so you won't have to search for it next time. Once directed to Uniswap, click the pink "Launch App" button.
Step 7: Select Ethereum as the blockchain for the token swap and PEPE as the token you'd like to purchase. Afterward, type in the amount of ETH you'd like to swap for PEPE.
Step 8: Review your order, confirm your swap, and apply your gas fees. For the token swap to go through, Uniswap will require you to confirm with a face ID or other security measures.
Afterward, give it a bit of time. If you have followed the instructions on how to buy PEPE on the Coinbase wallet properly, your swap should be successful. To make sure, you can check if PEPE is already under your "Assets" tab.
So, yes, we've learned various ways to purchase PEPE. Turned out, you can buy the beloved frog meme coin not only via instant buy or the spot market. Looking into how to buy PEPE on the Coinbase wallet, swapping this token via dApps is also possible.
However, understanding how to buy Pepe Coins is just the first step. To truly appreciate its value, it's crucial to explore what is the Pepe Coin and why it's becoming a significant player in the crypto space. After all, having more insights will help you determine the answer to "Is Pepe Coin a good investment?". Let's untangle all these questions in the next section.
What is Pepe Coin?
The Pepe Coin is a meme-based cryptocurrency inspired by the titular Boys' Club comic book character by the famous American artist Matt Furie. It is a token built on the scalable and secure Ethereum blockchain. If you've read the steps above on how to buy Pepe Coins, you can probably guess that PEPE is pretty well-known in the crypto space, especially since the biggest trading platforms support it.
But, of course, the story of how PEPE got so well-appreciated goes deeper than that.
In the world of meme coins, you've probably heard of DOGE, SHIB, and the like. All of these tokens share something in common: they have dogs as their mascots. So, when PEPE breezed in, it was like a breath of fresh air with its one-of-a-kind frog character.
The PEPE crypto asset, much like other altcoins that thrive on internet culture and social media buzz rather than financial or technological foundations[1], is driven by community support and speculative trading. Evidently, its X account (which humorously reads "the most memeable memecoin in existence) has 600k+ followers.
When PEPE was a hot topic across social media channels, its price per token saw a 9.41% increase. Even without a specific utility, Pepe Coin's market cap has soared, peaking at over $4 billion.
Uniquely, PEPE is not only popular among meme coin enthusiasts but also whale traders or those who trade in large volumes. Some of them have made an exit, cashing out 170 billion Pepe Coins, which shook things up in the market.
As a result, people began questioning, "Is Pepe Coin a good investment or just another pump and dump scheme?" Furthermore, as with other meme-based cryptocurrencies, high popularity might very well mean high volatility.
That said, when tracking public sentiments on social media, PEPE seems to maintain a loyal following, receiving quite a steady stream of positive comments and support. If you want to stay in this fascinating yet unpredictable space, I highly suggest following PEPE crypto news from reputable sources. Doing so will give you a more solid understanding of what is the Pepe Coin overall.
Speaking of PEPE crypto news, the asset has established several key partnerships to enhance its functionality and market presence. Its community actively engages in cultural initiatives, such as the PepeFest 2024, organized by the NFT (non-fungible token) artist Beeple. This event celebrates Pepe the Frog's cultural impact with art showcases and live performances.
Along with Beeple's digital artworks, the Rare Pepe NFT project also highlights the token's role in digital art. They notably showcase different faces of the meme and can be traded on various NFT marketplaces.
Understanding what is Pepe Coin and its connections to the broader Web3 universe is just the beginning. To truly grasp why the Pepe Coin is gaining traction, it’s essential to explore the unique benefits it offers, especially if you’re considering how to buy Pepe Coins. So, let's examine how this meme asset blends digital finance with internet culture to create a unique and standout cryptocurrency.
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Is Pepe Coin a Good Investment?
Evaluating how to buy Pepe Coins and whether it’s a good investment is tricky due to the volatility and speculative nature of meme coins[2]. The price swings associated with this token make it hard to provide a clear answer to the question, "Is Pepe Coin a good investment?".
Although Pepe Coin has gained attention since its launch, predicting its future performance remains difficult and depends largely on market trends, investor sentiment, and the latest PEPE crypto news.
So, to help you get a better idea if you are wondering, "Is Pepe Coin a good investment?", consider these key factors:
- Price Trends and Speculation: The previous price spikes in PEPE hints at the potential for significant returns. However, high volatility often leads to speculative trading, making it difficult to reliably determine if Pepe Coin is a good investment.
- Tokenomics: The Pepe Coin features a deflationary model and lacks a buying tax, which could potentially enhance its value over time. As a deflationary token, it may become more valuable if the supply decreases while demand remains steady.
- Community and Market Sentiment: The Pepe Coin benefits from strong community support and cultural relevance, bolstered by events like PepeFest and its connection to Rare Pepe NFTs. This support can positively influence its market performance, but its value may also be affected by unpredictable trends within the crypto and meme communities.
Overall, make sure to weigh these factors carefully to see if Pepe Coin aligns with your investment goals and risk tolerance.
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Factors That Could Impact PEPE's Future
Building on our earlier discussion about how to buy Pepe Coins and its potential as an investment, it's essential to consider various factors that could shape its future. While current trends offer some perspective, several external elements may influence the trajectory of PEPE.
As such, there are a couple of things to keep on your radar so that you don't stumble along the way. The first signal is market condition, which plays a crucial role in determining PEPE’s future. As a meme coin, PEPE is highly influenced by social media trends.
For instance, platforms like X, Reddit, and TikTok can cause rapid price changes. Positive buzz can drive its value up, while negative sentiment might lead to declines. Additionally, growing interest in DeFi and NFTs could offer new opportunities for the Pepe Coin.
Be on the lookout for technological innovations, as well. Like with other crypto projects, advances in blockchain technology can benefit the Pepe Coin. Innovations like Layer-2 solutions and improved consensus mechanisms might make transactions faster and cheaper.
Similarly, legal and regulatory factors are unpredictable but important for PEPE’s future. As meme coins gain traction, they face closer scrutiny from regulators. Increased oversight could result in restrictions or delistings, affecting PEPE’s market presence and liquidity.
Keep in mind that different countries set different rules on cryptocurrencies. Strict regulations in major markets like the US or EU could limit Pepe Coin’s growth, while favorable rules might boost investor confidence and adoption. New legal decisions or regulations related to other cryptocurrencies could also influence the state of PEPE. So, keep an eye on these developments to understand their potential impact.
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Conclusion
Buying the Pepe Coin provides a way to enter the growing world of meme-based cryptocurrencies. Whether you're attracted to its community or potential returns, understanding how to buy Pepe Coins is key to a secure investment. Trusted platforms like Binance, Bybit, or Kraken offer the security and ease you need for your purchase.
As with any cryptocurrency, staying informed about market trends is essential. Meme coins like PEPE can be highly volatile, so making educated decisions and understanding the risks will help you navigate this dynamic space more confidently.
Ready to take the next step? Use the insights and steps outlined in this guide to start your Pepe Coin journey on the platform that best suits your needs.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. A. Nani: ‘The doge worth 88 billion dollars: A case study of Dogecoin’;
2. D. Krause: 'Beyond the Hype: A Meme Coin Reality Check for Retail Investors'.
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