If you want to buy PEPE with a credit card, you’re in the right place. We’ve compiled this step-by-step guide demonstrating how to get started on a centralized exchange. In addition, we’ll also discuss what PEPE is and cover some of the most commonly asked questions when it comes to buying this popular meme coin in 2024.
KEY TAKEAWAYS
• PEPE is a meme coin inspired by the Pepe the Frog meme, it has no intrinsic value or utility outside of speculation.
• To buy PEPE with a credit card, you must purchase crypto on an exchange and convert it to PEPE.
• PEPE is highly volatile, so investors should exercise caution and only invest what they can afford to lose.
• It is recommended to transfer PEPE from an exchange to a secure non-custodial wallet after you purchase it.
How to buy Pepe with a credit card
There are various online payment methods that you can opt for when it comes to purchasing PEPE. You can buy PEPE using Apple Pay, Google Pay, bank transfer, credit or debit card, or by swapping another cryptocurrency for the token. However, for this guide’s purposes, we’ll look at how to buy PEPE with a credit card using Binance.
Below is a step-by-step guide demonstrating how to buy PEPE with a credit card.
1. Before you can purchase PEPE with a credit card, you’ll need to create an account on Binance (or any other exchange that supports PEPE) and verify your identity. If you already have an account with Binance, proceed to log in.
2. Once logged in, click on the “Buy Crypto” option on the dashboard. You will be redirected to the page below. Pepe is available on Binance for direct purchase, and you can use other cryptocurrencies, such as ETH, and swap them for PEPE.
3. Next, select your preferred spending currency. We will use USD and change the tokens you want to receive to ETH. Enter the amount of USD you wish to spend, and Binance will automatically calculate the total amount of ETH you will receive. You will have 60 seconds to confirm the order at the current price. Then, the exchange recalculates the amount. Click on “Buy ETH’ to proceed.
4. Next, select your payment method. Click on “Pay with Card” and add your credit card details.
Important note:
Remember, you have one minute to do this before Binance recalculates your order. Binance also allows you to add up to five different cards.
5. Once you’ve entered your card details, click on ‘Confirm.’ Then, tick the T&Cs checkbox before proceeding to click ‘Confirm’ on the order transaction page.
7. Binance will redirect you to your bank’s transaction page, where you will enter the one-time password (OTP) that your bank will send to verify the transaction. Once you have done this, click on “Submit.” A pop-up page will appear, showing you that your purchase has been successful and ETH has been deposited to your Binance Spot Wallet.
8. Next, click on “Trade” from the dashboard and select ‘Convert & Block Trade’ to convert the ETH to PEPE. Set the “from” as ETH and “to” as PEPE. Enter the amount of ETH and click on “Preview Conversion.” Follow the prompts to complete the conversion of your ETH tokens to PEPE tokens.
And you’re done — that’s how to buy PEPE tokens with a credit card using Binance. Remember, your Binance exchange account wallet should only be used to store assets for trading purposes. Thus, we’d advise that you withdraw your purchased PEPE tokens to a non-custodial crypto wallet of your choice. Alternatively, you can also consider using an air-gapped wallet for maximum security.
What is PEPE?
PEPE is a meme coin inspired by Pepe the Frog and was launched on April 14, 2023. A meme coin is a cryptocurrency that draws its inspiration from online memes designed to attract the attention of social media users and meme lovers.
Most meme coins are created as a joke and, thus, don’t have any real-life value or utility. In addition, they are usually marketed by celebrities and influencers on social media. As such, meme coins are highly speculative bets on a crypto asset with little to no actual value.
Nonetheless, many members of the crypto community believe in meme coins. For example, David Gokhshtein, founder of the media company Gokhshtein and the G3 G3NESIS NFT collection, tweeted, “$PEPE will flip a ton of your favorite projects.”
Inspiration behind PEPE
Pepe trades under the ticker symbol PEPE and, as already mentioned, draws inspiration from Pepe the Frog. Pepe the Frog is a cartoon character and frog internet meme that was created by Matt Furie in 2005 as part of the “Boys Club” comic series. However, the PEPE token has no association with Matt Furie. Instead, the meme coin was created to revere a well-recognized and loved meme.
PEPE under the hood and price action
According to data on CoinMarketCap, PEPE has a maximum supply of 420,690,000,000 tokens with a fully diluted market cap of over $3.3 billion as of Aug. 22, 2024. Since its launch, Pepe has focused on building a dedicated community. Notably, the token does not pretend or aim to be anything more than a meme coin.
This contrasts with projects like Shiba Inu, which has developed an entire ecosystem around its original SHIB offering. Pepe’s website states that the token has ‘no intrinsic value or expectation of financial return.’
93.1% of Pepe coins are in a liquidity pool (LP) where the LP tokens are burnt and ownership of the same is renounced. The remaining tokens — 6.9%, to be precise — are reportedly currently held in a multi-sig wallet for future listings, centralized bridges, and liquidity pools.
Remember, you’ll need a cryptocurrency wallet to buy, manage, and store your PEPE tokens should you choose to invest in them.
The PEPE token was launched to “make meme coins great again” — one of the many on-the-nose jokes littered on the official website.
DYOR before you buy PEPE
Shortly after its launch, PEPE briefly outperformed Dogecoin (DOGE) and Shiba Inu (SHIB). But PEPE, like all meme coins, is highly volatile and has no real utility. Therefore, investors need to do their own research before investing in PEPE.
If you decide to buy PEPE tokens, ensure you prioritize crypto wallet security — don’t leave your tokens sitting on an exchange. As a rule of thumb, invest only what you can afford to lose.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
Frequently asked questions
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