ApeCoin (APE) is an ERC-20 token that works within the APE ecosystem. ApeCoin was created by Yuga Labs, the same minds behind the massively popular Bored Ape Yacht Club (BAYC) NFT collection. APE is now the primary token for all products and services within the APE ecosystem and has generated a great deal of hype. APE is managed by the ApeCoin DAO. Token holders can vote on various proposals for the direction of the DAO while also gaining access to exclusive games, events, and services within the ecosystem. If you’re an APE holder, you’re going to want a solid ApeCoine wallet to keep your stash. That’s what this guide is for.
Key talking points:
An ApeCoin wallet is a wallet that organizes your ApeCoin holdings. Just like other crypto wallets, an ApeCoin wallet comes with a private key that allows you to access the wallet’s contents -- which in this case is ApeCoin. Many people think a wallet is just for storing crypto but that’s far from the case. Wallets enable you to send and receive cryptocurrencies around the world in addition to offering other advanced features like lending, savings accounts, trading, and exchange. Not every ApeCoin wallet is created equal so hopefully, by the end of this article, you’ll have a good idea of which wallet is best for you.
In layman’s terms, ApeCoin wallets come in different forms like software and hardware formats. Each wallet behaves a bit differently depending on what you choose but in general, every wallet allows you to access the cryptocurrency you own in a safe, secure manner. Contrary to popular belief, crypto wallets don’t physically hold cryptocurrency. It holds the private and public key information needed to complete crypto transactions. The cryptocurrency itself is stored on the blockchain. To send cryptocurrency to another wallet requires the knowledge of a recipient's wallet address. When you open your wallet, you just need to select which crypto you want to send, and the amount, and then paste the receiving address in your wallet to send the funds. To receive, you repeat the same process but send your deposit address to the sender.
When researching your ApeCoin wallet, make sure it comes with the following features:
Yes, you need an ApeCoin wallet to buy, trade, or do anything at all with APE. Whether you decide to choose a hardware wallet, software wallet, hosted wallet or non-custodial wallet is up to you. That’s the beauty of cryptocurrency. There are so many options for you to try out. However, the point remains the same. You will always need a wallet to participate in the digital economy.
We wish we could say all ApeCoin wallets are secure but that’s not the case. YouHodler however prides itself on security. We offer 2FA and 3FA security features in addition to running routine security audits on the platform to ensure no breaches can occur. Our platform is only as good as our security which is why we put security at the top of our priority list. If you choose other wallets, be sure to check their security features before making any deposits.
Crypto should be for everyone! At least that’s what YouHodler thinks. We’ll never charge you to download our wallet app on iOS, Android,, or any device. Simply sign up and enjoy the experience. Keep in mind though that while the app is free to download, there are costs associated with transaction fees and some of our financial services. We are very transparent about all fees and list them on the app. Please take note of said fees before using any features.
The APE wallets on YouHodler are extremely easy to use. Whether you want to deposit APE or withdraw APE, we have the instructions laid out for you. So just follow them step by step and there should be no problems. If there are, however, please contact our support team and we’ll walk you through the process.
ApeCoin wallets come in all sorts of lovely shapes and sizes. So finding the best one for you should be a relatively easy task. Here are a few different types you can explore.
As its name suggests, a desktop APE wallet is one that’s installed on a desktop computer or a laptop. Users get complete control over the wallet just as they would with a mobile wallet, just in a desktop environment. The main difference is that some desktop wallets have more advanced functionality like the ability to operate a complete node or full crypto exchange integration.
More or less, a mobile APE wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile APE wallets are often more convenient due to their portable nature and the ability to scan QR codes for quick crypto transactions in stores or between peers. There are APE wallets for all types of operating systems like Android or iOS.
Web APE wallets are wallets that exist on a website or online service that allow users to send and receive cryptocurrency in addition to storing it. These wallets can be accessed anytime, and anywhere as long as there is the internet. Some of the most popular crypto services in the world are web wallets such as Coinbase, Kraken, Binance, and YouHodler. Security is a concern for web wallets but that can be managed with due diligence to make sure the web wallet you choose has a good history of high-level security and insurance. It’s also wise to use web wallets in tandem with the more secure hardware wallets.
There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best ApeCoin wallet.” To be honest, there is no “best APE wallet” for us as a collective whole. However, there is an ApeCoin wallet that is best for you and that depends on your wants and needs. At YouHodler, we tried our best to create a diverse, multi-faceted wallet that appeals to all sectors of the crypto industry. Is our wallet the best ApeCoin wallet? Give it a try and find out!
When asking what the best ApeCoin wallet for beginners is, it’s important to first dissect what a beginner demands from an ApeCoin wallet. Most importantly, is a user-friendly interface. Beginners who are new to crypto are taking in tons of information every day and they don’t need a complicated app on top of that to learn. Clean, simple interfaces are best for beginners with minimal navigation required. That’s why we designed YouHodler’s interface to appease beginner users with simple designs, clear buttons, and plenty of information databases to dig into.
Advanced ApeCoin users and investors also appreciate clean simple interfaces on their ApeCoin wallet; however, they also want something flexible enough that meets their high demands. Advanced crypto traders want a wallet with low transaction fees, built-in crypto exchange capabilities, advanced security, staking features, and advanced financial services like loans and crypto trading. Advanced users are busy people and they can’t be bothered using multiple apps for different activities. That’s why we designed YouHodler to be the true one-stop-shop solution for advanced users with a wide array of FinTech services to fit their every need.
We live in a mobile world and that’s only going to increase. Hence, mobile ApeCoin wallets are perhaps the most important wallets in development. There are thousands to choose from and the key is to find one with maximum efficiency and security. YouHodler’s mobile wallet has 2FA, 3FA, and the ability to lock your funds from withdrawal--requiring ID verification to unlock it. On top of that, the team runs regular security audits to ensure all wallets are secure from malicious actors. People ``on the go” in a mobile economy, want to make sure their digital wallets are present, protected, and easy to use. Not all ApeCoin wallets match this quality but YouHodler tries its best to.
As mentioned earlier, it’s a smart idea to buy an ApeCoin hardware wallet to use in cooperation with your mobile or web wallets. ApeCoin hardware wallets are ideal for the long-term storage of crypto assets. Ideally, you want to keep some on a mobile or web wallet for payments, trading, and staking while keeping the rest safely in a secure hardware wallet. The Ledger series of hardware wallets are extremely popular and recommended by most advanced crypto users. Trezor is another brand worth mentioning.
Once again, this comes down to the idea of “not your keys, not your crypto.” The best ApeCoin wallet for long-term software storage are wallets where you fully own the private keys. It’s best to use this in combination with more diverse web wallets to enjoy the benefits of both worlds.
The best ApeCoin wallets for security are the ones that prioritize security. Stay away from wallets that don’t have PIN options, 2FA, or basic security features. YouHodler has a PIN or thumbprint required to enter the app in addition to 2FA and 3FA upon request. We also run regular security audits to ensure our walls are strong and impenetrable. Lastly, we are backed by Ledger Vault and Fire Blocks for insurance and secure crypto transaction management solutions.
While the battle between iPhones and Android phones wages on, it’s nice to know that crypto doesn’t pick sides. Most--if not all--of the most popular ApeCoin wallets can be found on both Android and iOS operating systems.
Click here to download YouHodler for Android.
We’re also at the Apple store too! Click here to download YouHodler for iOS and ready all about our ApeCoin wallet functionalities for your iPhone.