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Where To Buy Aptos (APT): 5 Best Platforms for 2024

10 mins
Fact Checked
by Maria Petrova
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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

5 best platforms to buy Aptos in 2024

Key feature
Rewards program for earning crypto
Beginner-friendly
Fees
0.00% to 0.40% maker, 0.05% to 0.60% taker
Demo account
No
Key feature
Comprehensive security approach
Fees
0.00% to 0.40%
Demo account
Yes
Key feature
Up to 100x leverage on select assets
Fees
0.10%
Demo account
Yes
Key feature
Converts crypto into fiat and precious metals
Fees
No
Demo account
0.25-2.65%
Key feature
No-KYC
Fees
0.20%
Demo account
No
PlatformKey featureDemo accountFees
CoinbaseOffers a rewards program for earning crypto
No$0.99 to $4.19
KrakenComprehensive security approachYes0.00% to 0.40%
BybitUp to 100x leverage on select assets

Yes0.10%
UpholdConverts crypto into fiat and precious metalsNo0.25-2.65%
CoinExNo-KYC neededNo0.20%

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.

Aptos price trajectory since launch: CoinMarketCap
Aptos price trajectory since launch: CoinMarketCap

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.

  1. 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.
CoinEx buy page 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.

CoinEx buy page aptos

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

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Ish Bautista
With over six years of Journalism, content, and editing experience, Ish boasts a diverse background. Previously, she lived in one of the world's startup centers: Tel Aviv. Ish has navigated the realms of crypto, Business Intelligence, publishing, and even gaming. You'll find Ish exploring new AI tools when she's not immersed in editing cypto and web3 pieces. She previously worked with crypto startups and holds a deep appreciation for the sustainability aspect of blockchain technology.
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