Pepecoin is the latest meme token to make waves in the crypto market. The meme token was inspired by the “Pepe the Frog” meme by artist Matt Furie in 2005. Launched in April 2023, PEPE is an ERC-20 token built on the Ethereum blockchain.
PEPE is currently trading on different top cryptocurrency exchanges including Binance, KuCoin, Bybit, Huobi Global, and OKX, etc. Memecoins are extremely volatile and vulnerable to rapid price fluctuations. Hence, accurate research must be made before you venture into buying memecoins such as PEPE. While the value of PEPE may skyrocket massively at any given time, it may also plummet fast if and when the community loses interest.
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Hence, it is advisable that you seek financial advice from experts before investing in PEPE or any other crypto as the performance of Pepecoin can be affected in diverse ways. Whether you are a newbie crypto investor or just getting started, this article will provide the necessary information you need to invest in Pepecoin.
How to Buy PEPE on Uniswap DEX
To successfully purchase Pepecoin on the decentralized exchange Uniswap, your digital wallet must first be connected to the platform. After this has been done, you can exchange Ether (ETH) for PEPE with the aid of the automated market maker system that depends on smart contracts to decide the price of assets based on demand and supply.
It must be noted that purchasing PEPE on Uniswap may attract higher transaction fees due to the nature of the platform. Irrespective of this, it’s the option of many users because of the level of security and transparency it offers. Below is a step-by-step guide to buying PEPE on Uniswap:
- Create a Wallet
The foremost thing you will need is a crypto wallet, you can choose to use a hardware wallet or a software wallet. Preferably, you can make use of Metamask. You can download Metamask or your preferred wallet from Google Play. Likewise, you can download the Metamask Google Chrome extension for desktop users and create an account on it.
- Get Some ETH
To purchase PEPE, investors must have Ethereum in their wallets. If you don’t have Ether in your wallet then you will need to purchase some and send it to your wallet. You can also buy ETH directly on Metamask.
- Go to Uniswap
The next thing to do is to connect your wallet to Uniswap DEX. You can access the site by visiting app.uniswap.org on your browser inside the Metamask app. After connecting your wallet, search for PEPE using its contract address (0x6982508145454Ce325dDbE47a25d4ec3d2311933).
- Swap ETH for PEPE
This can be achieved by entering the amount of ETH you want to swap, it will then show you the amount of PEPE you will get in return. Click on “swap” and you will be prompted to sign the transaction on your wallet.
- Approve Transaction
Lastly, you will need to approve your transaction and then wait for a few seconds for it to be processed and approved on the blockchain network. Your Pepecoin will appear in your wallet after the completion of this process.
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How to Buy PEPE on Centralized Exchanges
- Pick a platform and create an account
To make your PEPE purchase using a centralized exchange, investors must sign up for trusted exchanges that support Pepecoin trading. Many centralized exchanges are available in the crypto industry such as Coinbase, MEXC, Binance, etc. Notably, the trading of PEPE is not currently supported by all CEXs.
- Complete KYC Process:
After creating an account, users need to complete the Know Your Customer process. At this stage, information such as name, address, and government-issued ID are to be provided.
- Make a deposit
Once you have created your account and it has been verified, the next thing is to deposit fiats or cryptocurrencies into the account.
- Buy Pepe
Having funded your wallet, the next thing is to exchange your funds for PEPE. This is as simple as entering the amount of PepeCoin you want to buy and clicking on buy. If you like, you can now withdraw your Pepe to your wallet or store them on the exchange.
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