The Aptos crypto (APT) facilitates transactions and supports governance of the Aptos network. APT holders can participate by voting on network proposals, leveraging the proof-of-stake consensus mechanism. This article explores the top five platforms for users looking to buy APT, with insights into the unique features and advantages of each.
Methodology
BeInCrypto conducted a six-month evaluation to select the top five platforms where Aptos can be purchased. This assessment considered various factors specific to the platforms offering Aptos and other general criteria. Here are the factors evaluated for the chosen exchanges:
Coinbase:
- Smart Wallet support
- Offers insurance on user funds stored online
- Learning rewards program that pays users in crypto for watching educational videos
- Features a recurring buy option to automate investments
Kraken:
- Execute large trades with the Kraken Trade Desk
- Global 24/7 support
- Strong security measures with full reserves and rigorous proof-of-reserves audits
- Detailed and comprehensive trading dashboard with customizable options
Bybit:
- Has an educational platform with various crypto articles and highlights
- An integrated spot market allows direct cryptocurrency purchases
- No KYC is required for withdrawals under certain limits
Uphold:
- Has Uphold Vault, the first multi-sig, “Assisted” Self-Custody solution
- There are no withdrawal or deposit fees in most regions
- There is no commission on trades, earning revenue instead from the spread
- Provides a ‘Anything-to-Anything’ trading experience, enabling direct trades between any supported assets
CoinEx
- Competitive trading fees with discounts are available through the use of their native token
- No mandatory KYC checks for basic account functionalities
- Strong security protocols, including SSL encryption and cold storage of assets
- Provides a mobile app for trading on the go
To learn more about BeInCrypto’s Verification Methodilogy, follow this link.
5 best platforms to buy Aptos in 2024
1. Coinbase
Beginner-friendly
Coinbase has established itself as a leading platform in the crypto exchange market. Its extensive range of services is tailored to meet the needs of a global clientele. The platform is beginner-friendly, making it the perfect option for less-experienced users looking to buy APT with ease and without complexity. The U.S.-based platform is notably one of the most liquid regulated crypto spot exchanges in the world.
Furthermore, Coinbase offers over-the-counter (OTC) trading desks in the U.S. and Europe, available to approved Coinbase Prime customers worldwide, providing a specialized service for high-volume traders. The platform also features Coinbase Custody, enhancing security for institutional clients needing to safely store large volumes of cryptocurrencies.
- Vast educational resources
- Provides access to 200+ cryptocurrencies
- A low minimum deposit is required to fund accounts
- Quick cryptocurrency withdrawals
- Higher fees compared to other exchanges
2. Kraken
Kraken is one of our top choices for buying and selling APT thanks to its long-standing industry reputation and wide global presence. Founded in 2011 by Jesse Powell, Kraken is among the oldest and most established crypto exchanges and operates across Africa, Asia, Europe, North America, Oceania, and South America.
Kraken provides a straightforward interface and caters to all user levels. It also facilitates both margin and futures trading, catering to sophisticated traders looking to leverage their positions. Notably, the exchange is renowned for its strong focus on security. The CEX implements rigorous measures to protect user funds and provide a safe trading environment. As of 2024, the exchange has never suffered a large-scale hack, making it one of the safest choices for users looking to buy APT.
- Spot, margin, and futures trading
- Customizable interfaces and detailed chart analysis
- Multi-factor authentication
- Stores funds in cold storage
- Earn product is unavailable to U.S. customers
Bybit is an ideal platform for users looking to buy APT, offering low spot fees (0.1% maker-taker) and high liquidity. The user-friendly CEX is well-suited for traders looking for a platform for all the bells and whistles due to its extensive leverage options and risk management tools.
The exchange uniquely allows users to trade with up to 100x leverage on select assets, offering significant potential for profit amplification. It further supports trading safety with tools such as Bybit’s insurance fund, auto deleveraging, and the choice between cross and isolated margin accounts. These features collectively help manage and contain trading risks effectively.
Bybit’s accessibility in over 200+ countries makes it a highly attractive option for global audiences.
- Allows users to leverage up to 100x on select assets
- 24/7 live chat and email support
- Supports spot and derivatives trading, margin trading, and copy trading
- Not available in the U.S. and Canada
- May be complex for beginners
4. Uphold
Uphold is an ideal platform for users looking to buy APT. The platform maintains a high level of transparency regarding its fee structure, ensuring users are fully informed about any fees and charges. Uphold’s comprehensive pricing model typically features a modest spread ranging from 0.4% to 1.0%.
As well as supporting a diverse array of crypto, the platform offers users the opportunity to trade in precious metals such as gold, silver, platinum, and palladium. Furthermore, Uphold enhances the liquidity of these investments by allowing instant conversion into 27 national currencies and imposes zero custody costs. All assets, including precious metals and currencies, are spendable directly through the Uphold debit card.
This combination of flexibility, low costs, and range of tradable assets makes Uphold a compelling choice for users looking to buy APT and explore other types of investment opportunities.
- Enables trading of fiat currencies and precious metals
- Quick account setup with a low minimum deposit requirement
- Offers a rewards debit card
- Lacks withdrawal or deposit fees in most areas
- Does not offer volume discounts for larger transactions
- Equity trading is unavailable for customers in the U.S. and Europe
- Customer support is limited
5. CoinEx
CoinEx is an excellent platform for users looking to buy Aptos (APT) due to its user-friendly features and diverse trading options. CoinEx offers the advantage of no-KYC (Know Your Customer) requirements, allowing for quicker and more private trading.
Users can effortlessly swap one cryptocurrency for another with a single click. The platform is equipped with a detailed interface for spot trading, making it accessible for both novice and advanced traders. Additionally, CoinEx supports margin trading, providing leverage ranging from three to 10x depending on the asset, which can enhance potential returns. This combination of privacy, ease of use, and flexible trading options makes CoinEx a standout choice for purchasing Aptos and other cryptocurrencies.
- Crypto swap capability
- Comprehensive range of trading tools and features,
- Caters to both new and experienced traders
- Automated Market Maker (AMM) technology facilitates better liquidity and trading volumes
- Limited fiat options
| Platform | Key feature | Demo account | Fees |
| Coinbase | Offers a rewards program for earning crypto | No | $0.99 to $4.19 |
| Kraken | Comprehensive security approach | Yes | 0.00% to 0.40% |
| Bybit | Up to 100x leverage on select assets | Yes | 0.10% |
| Uphold | Converts crypto into fiat and precious metals | No | 0.25-2.65% |
| CoinEx | No-KYC needed | No | 0.20% |
What is Aptos (APT)?
The Aptos blockchain is an innovative layer-1 network developed by a number of the original creators of Meta’s abandoned crypto payment project, Diem. The blockchain’s stated aim is to become the safest and most scalable blockchain in the world.
The blockchain employs a proof-of-stake (PoS) algorithm to validate and secure transactions across its network. PoS allows participants, known as validators or stakers, to verify transactions and create new blocks based on the amount of cryptocurrency they hold and are willing to “stake” as collateral. This system enhances network security while also incentivizing stakeholders to participate in the ecosystem.
The web3-ready network supports both DApps and smart contracts, fostering trustless interactions and automating various processes. Additionally, Aptos employs innovative scaling solutions to ensure high throughput and low latency, making it suitable for a wide range of applications, from decentralized finance (DeFi) to supply chain management. Overall, the Aptos blockchain’s architecture and functionalities contribute to its efficiency, security, and scalability, positioning it as a leading force in the decentralized economy.
The layer-1 blockchain implements unique technology design choices, including leveraging the Move programming language to bolster its code security and a unique Block-STM parallel execution engine to expedite transaction throughput potential. The use of Move as its native programming language ensures swift and secure transaction processing within its ecosystem. The Move prover, a formal verification tool tailored for smart contracts written in Move, enhances security measures by validating contract invariants and behaviors. This emphasis on security empowers developers with robust tools to safeguard their software against potential malicious threats, bolstering the overall integrity of the platform.
A look at the Aptos crypto (APT)
Aptos launched on Oct. 18, 2022. Initially trading at 1 USDT, its value quickly soared by 10,000% after it was listed on the Binance exchange. This rapid growth ensured the coin quickly grabbed the attention of investors.
The initial supply of APT at mainnet was 1 billion. The allocation was as follows:
- 51.02% to the community
- 16.5% to the Aptos Foundation
- 19% to core contributors
- 13.48% to investors
A majority of these tokens (410,217,359.767) are held by the Aptos Foundation, with a smaller portion (100,000,000) held by Aptos Labs. It is anticipated that these tokens will be distributed over a ten-year period:
Do note that APT token distribution, as outlined above, is highly centralized, with staking reward unlocks that have no vesting schedule. This heightens the likeliness of venture capitalists dumping rewards on the open market, leaving unsuspecting retail investors caught short. As such, it is crucial to employ a comprehensive DYOR policy before choosing to invest in Aptos.
How to buy Aptos (APT)
Several crypto exchanges offer APT for purchase. This example will illustrate how to buy on CoinEx, a popular non-KYC exchange.
- Sign up: New users start by registering for a CoinEx account. It’s important to note that KYC verification is not required to purchase Aptos.
2. Fund your account: If your balance is zero, you’ll need to buy a cryptocurrency that can be exchanged for APT, such as USDT.
3. Find APT: Enter “APT” in the search bar at the top of the page. Click on it, and choose the “Swap” Option.
4. Enter the amount of USDT you plan to convert and click “Swap.” The system will automatically calculate the amount of APT you will receive based on the current market rate. Review all the transaction details carefully, confirm your information, and proceed to finalize the trade.
Which is the best Aptos (APT) platform?
The best platform for buying APT depends on individual needs and preferences. These factors include security, user interface, trading options, and geographical availability. Coinbase is celebrated for its strong regulatory compliance and beginner-friendly interface. Kraken provides extensive trading options and advanced security. Bybit is favored for high-leverage trading opportunities, whereas Uphold allows trading in cryptocurrencies and precious metals. Finally, CoinEx is preferred by those seeking privacy with its no-KYC policy.
Note that each platform has its strengths and potential drawbacks. Remember to conduct due diligence and do your own research (DYOR) before investing in Aptos (APT).
Frequently asked questions
To buy Aptos (APT), you must create an account on a cryptocurrency exchange that lists APT, such as Coinbase, Kraken, Bybit, CoinEx, or Uphold. Once your account is set up and verified, you can deposit funds using bank transfer, credit card, or e-wallets.
Aptos is listed on several major cryptocurrency exchanges, including Coinbase, Kraken, Bybit, CoinEx, and Uphold. These platforms provide various trading pairs for Aptos, allowing you to trade them against cryptocurrencies, stablecoins, and sometimes fiat currencies.
The APT coin, the native cryptocurrency of the Aptos blockchain, was launched in October 2022. The launch followed significant interest and backing from various stakeholders in the cryptocurrency community, marking it as a notable event in the crypto calendar.
Whether Aptos is better than Solana depends on specific criteria such as transaction speed, scalability, security, and developer community. Aptos claims high transaction throughput and scalability, but Solana is also renowned for its speed and efficiency.
Aptos Labs, a team composed of former Meta (Facebook) employees who worked on the Diem blockchain project, is behind Aptos crypto. This team aims to create a highly scalable and usable blockchain, leveraging their experience developing blockchain solutions at a large scale.
You can stake Aptos on exchanges that support staking functionalities, such as Kraken. This platform allows users to participate in staking directly through their trading accounts, providing a smooth way to earn rewards on holdings. However, offerings can change for other platforms, so it’s always a good idea to check the latest updates directly on each platform’s website or through customer support.
The staking rate for Aptos can vary depending on the platform and market conditions. Generally, staking rewards are influenced by factors such as the total amount of APT staked on the network and the inflation rate set by the Aptos protocol. It’s important to check current rates on the platform where you intend to stake your APT.
Comparing Aptos to Ethereum involves looking at transaction capacity, smart contract capabilities, and overall ecosystem. While Ethereum has a much larger and more established ecosystem with extensive developer support, Aptos offers promising technological advancements that could lead to higher throughput and efficiency. Each has its strengths, making them suitable for different use cases.
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