How to Buy Pepe Coin in 2024 – The Complete Guide
Meme coins are emerging as high-return contenders, among which Pepe Coin (PEPE) has rapidly risen to the spotlight. Known for its volatility and rewarding potential, the coin is up by over 12,220% since its April 2023 lows to become the third-largest meme coin on the market.
Pepe’s playful disguise, inspired by the popular internet meme Pepe the Frog, hasn’t stopped it from being taken seriously by thousands of investors. This article offers a step-by-step guide to buying Pepe Coin, showing the meme coin’s unique trajectory and explaining why it recently captured such significant interest.
How to Buy Pepe Meme Coin – Quick Step-by-Step Guide
Here’s a simplified guide to purchasing Pepe on MEXC:
- Step 1 – Create an Account: Visit MEXC exchange and sign up with your MetaMask wallet, email, Google or Telegram account.
- Step 2 – Choose a Purchase Method: Use a SEPA bank transfer, if available for your country, credit card or debit card to buy $USDT.
- Step 3 – Find $PEPE: Search for the PEPE/USDT pair in the “Markets” tab.
- Step 4 – Buy $PEPE: Enter the amount of USDT you wish to spend or the number of $PEPE coins you wish to buy and click “Buy PEPE”.
What is Pepe?
Pepe Coin is a fast-growing and well-known meme coin built on Ethereum’s blockchain. Since its April 2023 launch, the coin has swiftly climbed the ranks to join the top 40 cryptos, as per CoinMarketCap.
$PEPE is taking the crypto world by storm with its exponential returns. It’s worth watching – both for the humor and the potential gains.
However, $PEPE is more than just a meme-inspired currency, like Dogecoin or Shiba Inu. The world of meme coins might be full of fun and humor, but they’ve also shown real potential for high returns, attracting crypto enthusiasts and skeptics alike.
Pepe’s official website humorously suggests $PEPE is just for fun, insisting it has no real value and isn’t meant for investment.
Yet nearly 155,000 investors have been attracted to this meme coin, and it has gained a spot on major exchanges like MEXC, Binance, Uniswap, Bybit, and Gemini.
$PEPE takes its name from the Pepe the Frog meme. Despite its various associations with Pepe the Frog, the coin has no official ties with Matt Furie, the meme’s original creator.
Unlike Dogecoin, which took nearly four years to reach a $1 billion market cap, $PEPE hit this milestone in just three weeks. Although its value swings dramatically, the number of $PEPE holders has risen over the past months.
A crypto investor turned a mere 0.125 ETH investment (around $250) into $1 million by acquiring 5.9 trillion PEPE tokens. But it’s important to note that selling many such tokens at their peak value could be difficult due to $PEPE’s relatively low liquidity.
As always in crypto, moving carefully is essential because the reality of cashing out might be harder than it seems. A fine line exists between asset valuation “on paper” and actual realizable cash.
Where to Buy Pepe Coin
Now that you know how to buy $PEPE coin, you may be wondering where you can buy it. You can buy, sell, and trade $PEPE on the following crypto exchanges:
- Uniswap
- Gemini
- Binance
- KuCoin
- MEXC
- Huobi
- Bybit
- Crypto.com
- Coinbase (using Coinbase wallet)
- Bitget
- OKX
- BingX Japan
- HTX
- ByBit
- Gate.io
How Pepe Price Has Surged & The Reasons Behind It
Since Pepe Coin entered the market, it has consistently risen to provide huge returns to early investors.
At press time, it stands at a staggering market cap of almost $3.4 billion, making it the third-largest meme coin on the market.
As you are now doubt aware, Pepe, like many other meme coins, are setting new records and printing new all time highs.
Almost $18 billion is flowing through the meme coin market every day and with the Bitcoin halving still to come many market experts believe we still have some way to go.
However, with any investment, especially that of crypto, it is essential you conduct your own research before making any decisions.
As the above chart shows, Pepe can also decline in value. That being said, there is too much momentum in the crypto space to expect a drawback anytime soon.
Over the past year, Pepe Coin’s value has soared by a whopping 13,400%, hitting a record high of $0.000007714. Binance remains the number one place to trade Pepe with $1.3 billion worth of Pepe traded in the last 24 hours alone.
Many who missed the Dogecoin or Shiba Inu booms view Pepe as a ‘second chance.’ It is perceived as an enticing opportunity for those who missed the initial meme coin wave.
Moreover, the recent success of meme coins has significantly amplified Pepe’s charm. According to CoinGecko, meme coins collectively have a market cap exceeding $50 billion.
This achievement has led investors to hunt for the next meme coin set to take off. Many saw Pepe as a promising prospect, believing it could be their ticket to crypto wealth.
As more people invested, the predicted high returns for Pepe Coin materialized, proving the initial expectations correct.
While Pepe’s history has been volatile, recent trends show that this coin is capable of providing enormous returns for investors willing to embrace the risk associated with meme tokens.
Why Buy Pepe? Is it Too Late, or is it Still a Good Investment
Pepe Coin has provided investors with a staggering four-digit return in just a few weeks in 2023. While 2024 got off to a slow start, prices have rocketed sky-ward since February 15th. The question on everyone’s mind is, is Pepe Coin a profitable option?
Like meme-driven coins Dogecoin and Shiba Inu, Pepe Coin’s appeal comes from viral social media chatter.
While it lacks specific functionality, such as staking or unlocking features, it has gained a broad investor base. Longevity will depend on the community’s ability to develop practical uses that sustain demand over time.
Looking at DOGE and SHIB, both coins capitalized on their initial buzz by offering functional uses, creating sustainable growth. If Pepe Coin follows this path, the future may continue to shine bright.
Moreover, Pepe Coin has an enormous circulation of 420 trillion tokens. Remarkably, over 93% of these tokens are already committed to the liquidity pool, their corresponding tokens burned, and contracts renounced, meaning they can’t be retrieved or created again.
This leaves just under 7% of tokens in a multi-signature wallet. These are reserved for centralized exchanges, bridges, and other liquidity pool listings. This careful allocation strategy aims to use the tokens effectively, creating stability and growth for Pepe Coin in the long run.
Also, macroeconomic factors like interest rates influence cryptocurrency demand. Lower interest rates generally make high-risk assets, like cryptos, more attractive.
If the Federal Reserve stops or decreases rate hikes, the demand for Pepe Coin might grow, increasing its price.
The coin’s long-term value will depend on its availability on major centralized and decentralized exchanges (CEXs and DEXs).
Currently listed on virtually all major exchanges such as MEXC, Binance, Gate.io, Huobi, and Uniswap, Pepe Coin would benefit enormously from being on another major platform like Coinbase, which will expose the coin to a wider user base.
To sustain its growth, Pepe Coin needs value beyond just speculation. Its compatibility with the Ethereum blockchain, thanks to the ERC-20 token standard, offers hope.
It allows interaction with decentralized applications (dApps), smart contracts, and other ERC-20 tokens. If the Pepe Coin community can develop functionalities like a staking mechanism or a play-to-earn game, it could significantly support the coin’s price.
Investors must evaluate their risk tolerance and investment goals when considering whether to invest in meme coins like Pepe Coin.
Meme coins are inherently volatile, and their price is often driven more by social media trends than intrinsic value. Therefore, detailed research and market understanding are crucial before investing in these coins.
In short, investing in Pepe Coin carries risks and uncertainties, like any other investment. However, if its community can create practical uses and expand its exchange presence, its future could be bright. But remember, only invest what you’re willing to lose.
As the broader market shows signs of recovery, the meme coin space has also seen an uptick over the past few months. Coins like Evil Pepe Coin have emerged and captured investor attention due to strong community support.
How to Buy Pepe Tutorial
Investing in cryptos like Pepe Coin can be simple if you’re mindful of your chosen platform and ensure your chosen exchange aligns with your investment strategy.
You can buy $PEPE on various platforms, including MEXC, Binance, KuCoin, CoinEx, and Kraken. Remember that these exchanges differ, so compare their fees, security features, and the range of cryptos they support before choosing.
First, you must ensure your chosen platform supports users from your region. The platform’s structure should align with your investment goals – some cater to long-term holders, while others are designed for frequent traders.
Let’s break down the process of buying Pepe Coin on MEXC into easy steps:
Step 1: Sign up on MEXC
Visit MEXC and click the “Sign up” button to start the process. Enter either your email, mobile phone, Google account, Telegram account or use your MetaMask wallet.
Know Your Customer (KYC) process is required with MEXC only if you use a bank transfer or a card purchase directly with MEXC. If you deposit crypto via MetaMask, this is not needed. Also, if you use third-party services like Mercuryo and Moonpay, you will likely have to do the KYC process with them.
Step 2: Buy USDT
Go to “Buy Crypto” and choose your preferred method. You can’t directly buy $PEPE with a bank transfer or a card. Instead, you have to buy USDT first. Minimum purchase amount is $50.
Alternatively, you can deposit USDT via MetaMask if you already have in your crypto wallet.
Step 3: Find PEPE/USDT Pair
Now that you have USDT on MEXC, go to the “Markets” tab and search for PEPE. Select PEPE/USDT pair to open the terminal.
Enter the amount of USDT you wish to spend or the number of $PEPE tokens you want and click “Buy PEPE”.
Step 4: Store Your Pepe Coin
Once you’ve purchased Pepe Coin, decide whether to keep it in your private crypto wallet or on MEXC. You can trade it for other cryptos or use it as a collateral to borrow funds against it.
How to Buy Pepe Coins – Conclusion
Pepe Coin has carved a niche within the volatile meme coin space, offering potentially high gains driven by social media buzz.
However, investing in $PEPE carries the usual crypto risks, mainly price swings and speculative behavior. The Pepe Coin community’s efforts to create practical uses could brighten this token’s prospects.
Knowing your risk appetite and staying up-to-date with market shifts are key to all investments. But to navigate the crypto landscape with over 26,000 cryptos, staying ahead of the curve requires staying informed about new high-potential cryptos.
Want to learn more? Our ‘New Cryptos’ page has in-depth insights on other emerging tokens. Check out the page today to know more.
How to Buy Pepe Crypto FAQs
Where can I buy Pepe tokens?
Pepe tokens are available on several different crypto exchanges. Some of the most notable ones include MEXC, Binance, Uniswap, KuCoin, CoinEx, and Kraken. Please note that availability might vary depending on your location and the platform’s supported regions.
How to purchase Pepe?
To purchase Pepe, you must have an account on a crypto exchange that lists Pepe. You can buy it directly with a credit or debit card or purchase a stablecoin like USDT/BUSD first to exchange it for Pepe. Once the purchase is made, you can decide whether to keep it in your private crypto wallet or on the exchange for trading or staking.
Can you buy Pepe Coin on Coinbase?
As of the time this article was written, Pepe Coin is not listed on Coinbase. However, the availability of coins on Coinbase can change, so it’s best to check the current listings on the Coinbase platform or website. Alternatively, Pepe Coin can be purchased on other major exchanges like MEXC, Binance, KuCoin, CoinEx, and Kraken.
Can I buy Pepe on Binance?
Yes, Pepe Coin can be bought on Binance. To do so, you must create an account, complete KYC, and choose your purchase method. You can buy Pepe directly with a credit or debit card or purchase a stablecoin first to exchange it for Pepe.
Should I buy Pepe coin?
This largely depends on your risk tolerance and your financial goals. If you’re okay risking a certain amount of money with the chance to have it 10x or 100x, then the answer could be “yes”. But if you’re looking for a lower risk crypto investment, then buying Bitcoin is probably the better bet.
References
- Pepe Price Today – CoinMarketCap.com
- Top Meme Coins by Market Cap – CoinGecko.com
- PEPE – pepe.vip
- Federal Reserve holds key rate at 5% as it evaluates state of the economy following lower inflation reading – NBCNews.com
- PEPEUSDT Charts and Quotes – TradingView.com
About the Author
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