How To Buy Pepe — Quick Guide
Here’s an overview of the preferred crypto exchanges that have the Pepe coin listed. If you know how to buy cryptocurrencies, you can simply select your preferred exchange. In case you are just getting started, you can scroll down to where we share all details about how to buy Pepe.
Binance is the biggest cryptocurrency exchange offering many features and advantages.
MEXC is an industry-leading exchange that offers the lowest fees to buy and sell cryptocurrencies.
BYBIT is a leading crypto exchange that offers many features regarding leverage trading.
KuCoin is a leading exchange that offers more than 750 cryptocurrencies — more than any other.
OKX is the all-rounder that offers a good mix of tradable crypto tokens, usability, and trading fees.
Before we dive into the details about how to buy the Pepe coin, we want to provide you with some essentials about Pepe. Remember, it is essential to understand the asset you’re planning to buy before you invest!
What is Pepe?
PEPE is a cryptocurrency meme coin inspired by the Pepe the Frog meme. Pepe has swiftly risen to prominence within the blockchain and crypto community.
The meme, which has its roots on the internet, has evolved into a notable symbol in the digital era. Despite its growing enthusiasm, many have cautioned that the token is subject to extreme fluctuations and remains a risky investment venture.
Since its launch, PEPE has shown a remarkable surge of 456% at the time of writing, although its value still lingers well below 1 cent per token. The token’s value is characterized by a string of zeros (a trait common to many meme tokens). It is believed to be an intentional move to increase the chances of individuals overpaying for it unwittingly.
The Pepe coin reached its peak at $0.0000044 last on the 5th of May, but it has experienced a steep drop since. Despite the decline, it doesn’t appear to deter large-scale investors from investing in the token – a single transaction involving the purchase of Pepe tokens worth $864k from Binance was recorded on 9th May.
Nevertheless, many big-ticket investors are facing challenges in capitalizing on their profits due to inadequate liquidity to offload their stakes.
Analyzing the current price movement is an important step before investing. Therefore, you should pay close attention to the chart below before discovering how to buy Pepe.
A Step-By-Step Guide Buying Guide
How To Buy The Pepe Coin — Step 1: Sign Up For An Account
The first step in buying a cryptocurrency token is to sign up for an account on a cryptocurrency exchange.
There are dozens of changes available, but it’s important to research and choose one that meets your needs in terms of security, features, and trading possibilities.
However, more importantly, you have to check if the cryptocurrency has the Pepe coin listed. Bear in mind that not every exchange has listed every coin. In terms of Pepe, you can select one of the exchanges we listed at the beginning of the post, such as Binance, MEXC, or KuCoin.
How To Buy The Pepe Coin — Step 2: Secure Your Account
After you’ve created your account, it’s crucial to secure it. This generally involves setting up two-factor authentication (2FA). 2FA requires a second form of identification beyond just your password, such as a code sent to your phone. This greatly enhances the security of your account. It’s also important to choose a strong, unique password.
How To Buy The Pepe Coin — Step 3: Verify Your Account (Partially Optional)
Before you can start trading, you’ll usually need to verify your account. This process varies by exchange but typically involves submitting some form of identification like a driver’s license or passport. This is part of the Know Your Customer (KYC) regulations that exchanges must comply with.
However, there are also crypto exchanges where you don’t have to verify your account. This usually comes with some limitations in terms of payouts and features. Nevertheless, if you want to stay anonymous or give it a first try, this might be the better option. We put together a list of exchanges that don’t require verification. You can check this here: 4 Best Crypto Exchanges Without KYC (2023)
How To Buy The Pepe Coin — Step 4: Add A Payment Method And Funds
Once your account is verified, you can add a payment method. Depending on the exchange, this could be a bank account, a debit card, or a credit card. Some exchanges also support PayPal and other online payment services.
After adding a payment method, you can add funds to your account. Make sure to deposit enough to cover the cost of the token you want to buy and any associated fees.
How To Buy The Pepe Coin — Step 5: Buy Pepe
Finally, we made it. You are now ready to buy the Pepe coin. Depending on the exchange you’ve chosen, you have to navigate to the “Market” or “Trade” area.
You can typically choose between a market order (buy at the current market price) or a limit order (buy at a specific price or better). Once your order is executed, the tokens will be added to your account and you can call yourself a proud owner of the Pepe coin.