apecoin was officially released in March 2022. It is the primary cryptocurrency of the Bored Ape Yacht Club ecosystem, making it a popular choice for crypto holders to buy.
With the growing trend of staking in the cryptocurrency world, multiple exchanges have added the ability to stake crypto, including their own coins. Does APE accept staking? If so, how can you use it for passive profit?
Can you bet ApeCoin?
While ApeCoin Yuga Labs has yet to implement the coin staking, you can still stake the crypto on other sites that support it.
Binance offers staking periods of 30, 60 and 90 days, with different APYs by just staking APE. In addition, Twin also offers APE staking. Here’s how to bet both.
Betting APE on Binance
You can bet your Apecoin on Binance via “Earn Binance.” This is how you do it step by step:
- Register an account on Binance and verify your identity
- On the Binance dashboard, click Earn and select Stake
- Under your Lock Strike, look for APE.
- Choose the desired deployment time (flexible) and click Subscribe.
How to turn off APE with Gemini
On Gemini, up to 5.58% can be earned on Apecoin. Here’s how to use the platform to stake out APE:
- Open a Gemini account
- Transfer your purchased Apecoin to Gemini Earn
- Go to the Gemini Stake tab and choose APE to start staking.