Last update: Jun 6, 2022

How to Buy Aave (AAVE)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Aave. Depending on where you’re located, you’ll have various crypto trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Aave

How to Buy Aave – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Aave of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Aave

Now that you have what you need to buy Aave, head over to the market or buy section of the cryptocurrency trading platform and buy some AAVE.

If the crypto exchange doesn’t have any Aave on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Aave first), and trade your Ethereum for Aave.

Where to Buy Aave (AAVE)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Aave

  1. Sign into the cryptocurrency exchange where you bought Aave.
  2. Move your Aave to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Aave.

 

Crypto trading

How to Buy Aave (AAVE) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Aave in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Aave if it’s available. If the exchange doesn’t have Aave. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Aave), and trade your ETH for Aave.

Alternatively, if you want to know more about which exchanges we like, check our list of the best crypto platforms in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Aave (AAVE) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Aave in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Aave if it’s available. If the exchange doesn’t have Aave. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Aave), and trade your ETH for Aave.

Also, check out our comparison of the best places to buy bitcoin in Canada if you’re curious to know more about which exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Aave (AAVE) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Aave in the UK, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Aave if it’s available. If the exchange doesn’t have Aave. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Aave), and trade your ETH for Aave.

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the best bitcoin brokers in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Aave? AAVE Rundown

Aave, a decentralized finance protocol, allows people to borrow and lend crypto.

By depositing digital assets in specially-created liquidity pools, lenders earn interest. This liquidity allows borrowers to use their crypto as collateral for a loan.

Aave, which means "ghost" or "evil" in Finnish, was launched as ETHLend in November 2017. However, the rebranding to Aave took place in September 2018. This helps to explain why the ticker of this token is so different than its name!

AAVE holders get discounted fees on the platform and serves as a governance token, giving owners the opportunity to participate in the development of the protocol's future.

Aave offers several distinct selling points in a market that is becoming increasingly competitive. It was the largest project in terms of total crypto-locking value during the DeFi craze of 2020.

This project lets people borrow and lend in approximately 20 cryptocurrencies. Users have more options. Flash loans, one of Aave’s most popular products, are billed as the DeFi's first uncollateralized loan option. But there's a catch. They must be repaid within the same transaction.

Aave's flexibility to allow users to choose between fixed or variable interest rates is another selling point. Fixed rates may provide some assurance about costs in volatile crypto markets but variable rates are useful if the borrower believes that prices will fall soon.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.