Do you want to buy Aptos or want to know more about its development prospects in 2023 before you decide? See our guide to buying APT on Binance, as well as insights into the potential of this cryptocurrency.
Which platform to choose to buy Aptos?
If you want buy APT, it is important to carefully select the exchange platform you are going to use. In order to make the best choice, we advise you to take into account criteria such as the costs of purchasing and withdrawing the APT, the services offered by the platform or its ergonomics.
It may be better to choose an easy-to-use platform if you have little or no investment experience, so you can easily buy Aptos.
Thus, for novices, the Binance platform is recommended to buy Aptosbecause of its ease of use since in just a few clicks you will be the holder of APT tokens.
In addition, here is a comparison of 3 platforms offering the purchase of APT, based on several criteria, to help you make your choice.
Buy Aptos with Binance
Here are the steps to buy Aptos with Binancea platform registered in France with the Financial Markets Authority (AMF), which makes it a trusted platform for investing.
Start by creating an account on Binance by clicking on the link below to benefit from a lifetime reduction of 10% on your trading fees:
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Once on the account creation page, click on “Register by phone or email”, fill in the required information and click on ” Create an account “.
Then proceed to verify your account by bringing an identity document and following the instructions displayed.
Your request will be reviewed within a few days at most. Once your account is verified, you can proceed with the purchase of the Aptos by clicking on ” Buy cryptos in the upper left corner of the Binance interface.
Select the deposit method here to deposit money into your Binance account, either by credit card (with 1.8% fee) or bank transfer (with 1 euro fee). In this tutorial, we opt for “ Bank deposit because it is the most economical way:
Make sure you have selected the currency ” Euro then continue:
Here, select the currency you wish to spend, “ USD », and the cryptocurrency you wish to receive, « APT “. Indicate the amount you wish to invest in euros (100 euros in our example), and the conversion into APT will be done automatically.
To finalize your purchase of APT tokens, make the transfer to the bank account indicated or, if you have chosen the bank card as the method of payment, enter your bank details and make the payment.
Congratulation ! You are at the end of this guide to buying Aptos, it was simple, right? You can now use them as you wish, including through the platform’s Binance Earn service.
👉 Need more detailed explanations? Here is our opinion and complete tutorial on Binance
Different platforms to buy Aptos
Aptos is a very new and popular cryptocurrency in the market, and can also be purchased on exchanges like KuCoin and Coinbase.
These platforms also have their own advantages and disadvantages, as well as their own interface. Some may offer additional services, such as staking, which allows investors to generate passive returns with Aptos.
Other platforms will likely offer the Aptos crypto in the coming months given its strong popularity.
Also note that even if you bought Aptos on Binance, you can stake them on another platform by transferring them.
Aptos explained in a minute
Aptos is a first layer blockchain (layer 1), or smart contracts platform, which has been the subject of much discussion in the cryptocurrency industry since its deployment in October 2022.
It’s about a next generation blockchain often compared to a competing L1 blockchain, Sui, since both were born from the ashes of the failure of Meta (Facebook)’s Diem (Libra) project.
Aptos poses as competitor to blockchains like Ethereum, Solana and BNB Chainand stands out for its technical characteristics: the Move programming language, parallel execution of transactions and an advanced consensus method, the AptosBFT V4.
The developers of the Aptos project claim a theoretical processing capacity of 160,000 transactions per second as well as a finality of less than 1 second. So, in theory, this makes Aptos the most scalable and fastest L1 blockchain in the industry.
Move, the programming language originally developed within Meta for the Diem project, is a pillar of the Aptos blockchain. Move notably makes life easier for developers of smart contracts in terms of security and ergonomics.
Finally, APT is the native cryptocurrency of the Aptos network.
👉 Want to go further ? Find our in-depth analysis on Aptos
Buying APT in 2023, an interesting opportunity?
Aptos is a very young project that quickly made a name for itself in the cryptocurrency industry, as evidenced by major players supporting the project such as a16z, Coinbase Ventures, Paypal, and many others.
Besides, Aptos capitalization is $2.1 billionranking the project as the 31st most valuable cryptocurrency in the world (mid-February 2023).
Moreover, if we observe the total diluted market capitalization of Aptos, which adds the value of the undistributed APT tokens to the capitalization, the project is in the top 10 at the time of writing these lines.
The Aptos price was particularly talked about in January 2023 going from 3.5 dollars to almost 20 dollars. This impressive rise in its price is partly explained by the NFT scene of the Aptos blockchain, which has seen its activity soar on the Topaz platform, as well as by investor speculation.
However, there are still uncertainties regarding the sustainability of such growth, can the APT trend continue?
The Aptos project is still in its infancy and its DeFi ecosystem is poor : only 60 million dollars are locked there, for a project valued at 2.1 billion dollars.
On average in January 2023, 40 transactions per second were processedwith a single peak at 1,500, thus indicating low adoption of the Aptos blockchain.
Finally, the last uncertainty lies within the APT tokenomics, since only 16% of the total token supply is in circulation at the time of writing these lines. This is an extremely low ratio.
Among the undistributed APT tokens, a very large part is owned by venture capital fundswhich raises fears of potential massive sales of tokens on the markets when investors can recover them.
It is then clear that in the future, the Aptos project must be able to grow its DeFi ecosystem, attract developers and increase its adoption at the same time as the circulating supply of APT tokens increases.
We recommend that you perform a rigorous evaluation of the Aptos project before making a decision whether or not to purchase APT tokens.
FAQ: frequently asked questions about Aptos
How long has Aptos been around?
Aptos has deployed its mainnet titled “Aptos Autumn” October 17, 2022. It is therefore a very recent project, part of the new generation of L1 blockchains.
What are the roles of the APT token?
The APT token has very classic roles in the context of a layer 1 blockchain, namely THE transaction payment, staking to secure the blockchain and a way to participate in the governance of Aptos.
As the Aptos ecosystem grows, there is no doubt that the use cases for the APT token will become more diversified.
How to follow the course and price of Aptos?
Our dedicated Aptos crypto price tracking page was built for those interested in live tracking of the course of the Aptos. You will find there the most important data concerning the APT, such as the graph of its course and its capitalization.
How to secure your APT tokens?
To secure your APT tokens, you can use a digital wallet that supports the Aptos network like Petra or Rise.
Note that to date, physical wallets like those of Ledger and Trezor do not yet support the Aptos networkso it is not possible to store your APT tokens there.
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