In the current memecoin trend in the crypto sphere, everyone has heard of PePe Coin and wants to invest in this lucrative frog themed token. Based on the iconic Pepe the Frog meme by Matt Furie, $Pepe Coin has quickly gained popularity among cryptocurrency enthusiasts for its unique brand identity and potential for growth. It really ‘feels good man’ to say that Pepe Coin now has over $500 million invested in it.
But if you’re new to the world of cryptocurrency, buying a relatively new token like Pepe Coin can seem daunting. We have curated this beginner’s guide that shows you how to buy Pepe Coin. So whether you’re a seasoned investor or just getting started, read on to discover everything you need to know about buying Pepe Coin.
One can either choose CEX or DEX to purchase Pepe Coin according to their convenience. There are a lot of CEX available, but, in DEX, you may have very few choices as Pepe Coin is only available on limited DEXs.
5 Easy Steps to Buy Pepe Coin on Uniswap
Follow these five easy-peasy steps to fill your wallet with Pepe Coin.
1. Create a Wallet
The very first thing you need is a crypto wallet, preferably one like Metamask. Download free versions of Metamask or your preferred wallet from Google Play or App Store. Go to metamask.io to download the Google Chrome extension for desktop users and create an account on it.
2. Get Some ETH
To buy $PEPE, you must have ETH in your wallet. You can transfer Ethereum from another wallet, purchase directly on Metamask, or purchase on another exchange and have them sent to your wallet if you don’t have any.
3. Go to Uniswap.
Now you have to connect your wallet to Uniswap. Go to app.uniswap.org in Google Chrome or on the browser inside your Metamask app. Connect your wallet. Copy and paste the $PEPE token address given below into Uniswap.
Verify and select the Pepe coin. When Metamask prompts you for a wallet signature, sign. Note that there are various tokens with similar denotations such as Baby Pepe. So, check twice before initiating transactions.
4. Swap ETH for $PEPE
Now all you have to do is swap the token, and with just a few clicks, you will be able to buy your Pepe coins. Once you enter the amount of ETH, it will show the amount of pepe you get. Click on “Swap” and it will prompt you to sign the transaction on your wallet.
5. Approve Transaction
Finally, approve the transaction and wait for a few seconds for it to be approved on the blockchain network. Your Pepe Coin will then appear in your wallet!
Remember to check the transaction details, as Pepe Coin devs have not imposed any tax from their side, but you will be paying gas fees as it is ERC 20 token.
Now let’s take a look at how you can buy Pepe on Centralized Exchanges.
How to Buy Pepe Coin on Centralized Exchanges
With its growing popularity and increasing market cap, Pepe Coin has joined the list of the top 100 cryptocurrencies, and various crypto exchanges such as Huobi, Mexc, Poloniex, OKX, and many others have listed Pepe Coin on their exchanges.
However, despite different user interfaces and APIs followed by these CEXs, the process of buying Pepe Tokens is almost the same. Here is how to buy Pepe coin on any CEX.
1. Create an Account
Sign up to create an account on a centralized exchange that supports PepeCoin. Some popular options include OKX, Huobi, and so on.
First, these exchanges will require you to create an account by providing your personal details. You will have to verify your account using valid ID proofs. Also, complete the KYC process if asked.
2. Fund Your Account
Once you sign into your account, you will need to fund your exchange account with the cryptocurrency or fiat money of your choice. Most exchanges support a variety of payment methods, such as credit/debit cards, bank transfers, or crypto deposits from other wallets.
3. Select Trading Pair
Locate the PepeCoin trading pair. This will typically be listed as “PEPE/USDT”, a stablecoin pegged with USD. However, you can choose your preferable trading pair with crypto in your account.
4. Buy Pepe Coin
Once you have deposited funds into your account, you can now purchase Pepe Coin by placing an order at the current market price or using a limit order feature.
A market order will execute immediately at the current market price, while a limit order will only execute if the price reaches a specific level that you set.
5. Store Pepe Coin
Once your order is filled, your PepeCoin will be credited to your account on the exchange. It’s a good idea to transfer your PepeCoin to a Hardware wallet that you control, rather than leaving them on the exchange.
Now that you know how to buy Pepe Coin you can hop onto the $Pepe gains and watch your gags turn into cash! You can use any above-mentioned method to know how to buy Pepe Coin. With these steps, you can confidently invest in Pepe Coin and enjoy all that this exciting cryptocurrency has to offer! However, as the price of Pepe Coin is skyrocketing, it is advisable to consider risk management before investing in a memecoin.
This piece is for educational purposes and not financial advice. Investors should be careful when dealing with this project and do their own research before investing.