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How to Buy Aave (AAVE) in 4 Easy Steps

Quick Answer:

You can buy Aave and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Aave.
  2. Register a new account.
  3. Fund your account.
  4. Buy Aave.

These steps are simple if you know where to buy Aave cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Aave (AAVE) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Aave Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

90

Only 90 of these exchanges sell Aave.

We then filter down the entire set of possible marketplaces to only the ones that have active AAVE markets.

39

Only 39 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

7

Only 7 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we โ™ฅ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully createdโ€‹โ€‹.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy Aave cryptocurrency.

You can buy Aave on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy Aave (AAVE)

After registering and funding your account at Binance, you should be able to buy Aave after your deposit finishes processing. After you receive your AAVE, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Aave Exchanges

Aave is also available on these exchanges:


About Aave

How and Where to Buy AAVE?

The Aave project began in 2017 as ETHlend. Founded by Stani Kulechov, his goal was to develop a decentralized lending application built on the Ethereum blockchain. Kulechov, a serial entrepreneur and early adopter of blockchain technology, attended law school but has been fascinated with programming since he was a teenager.

At the end of 2020, Kulechov transferred ownership of the ETHland protocol to extend the network services beyond lending Ether and create a broader service with a “genesis governance” with community token holders involved in approving and building the protocol.

ETHland’s native governance token was $LEND, which changed to the new symbol of $AAVE, which is more compatible with the genesis governance protocol. As the transformation evolved, $LEND token holders could exchange for the new $AAVE tokens.

What Is Aave (AAVE)?

Aave is a DeFi (decentralized finance) lending protocol enabling users to borrow cryptocurrency and lend it for a yield. The process is simple. Users deposit their crypto in liquidity pools which borrowers can use to access a loan.

Aave is Finnish for “ghost,” which is why you’ll observe a few random ghost images on the Aave website.

$AAVE is the network’s native governance token used for discounted fees and giving token holders a vote on Aave protocol decisions.

The Aave network has $ 21,783,885,948.98 of liquidity locked across “7 networks and over 13 markets.”

Aave Markets include: –

  • Ethereum –  the biggest market on Aave by liquidity
  • Avalanche – fast, low-cost transactions
  • AMM – reduced volatility
  • Polygon – ideal for high-volume transactions
  • Arbitrum – high-level security combined with fast speeds
  • Aave Arc –  institutional-grade decentralized finance

Aave has a community-driven grants program where members can submit ideas. The Aave Grants DAO aims to empower a broad network of community developers.

What Makes Aave (AAVE) Unique?

Aave’s flagship product is “Flash loans” – a loan without collateral requirements, but the prerequisite is that borrowers must pay back the loan in the same transaction. Aave supports around 20+ cryptocurrencies, giving borrowers and lenders a better choice than most other similar platforms.

Borrowers can alternate between fixed and variable interest rates. So the savvy borrower can juggle between the two depending on crypto market prices.

If you’re concerned about the security of your crypto lending, it’s reassuring to know that the following global security leaders regularly audit the Aave protocol: –

  • Certora
  • OpenZeppelin
  • PeckShield
  • Trail of Bits
  • SigmaPrime
  • ABDK

The Aave protocol Safety Module has a safe backstop to protect against protocol insolvency, secured with millions of dollars worth of $AAVE tokens.

Aave commits to mitigating the risks of the protocol with the Aave Risk DAO, which monitors the market, checking new asset listings are safe, and enables protocol upgrades. The platform involves the Aave community to report vulnerabilities or system bugs via the Bug Bounty reporting page.

How and Where to Buy Aave (AAVE)?

Before considering buying Aave (AAVE), the first thing to do is to register with a recommended cryptocurrency exchange. For instance, Binance is the world’s leading crypto exchange by trading volume. It’s an excellent platform for beginners with its user-friendly interface, but also suitable for more advanced investors or traders: –

1. Visit the Binance website and click on “register” at the top right corner of the page

2. Fill in the details and submit the requested KYC documentation

3. Deposit by Mastercard or Visa, wire transfer, or, if you prefer, transfer supported cryptocurrency into your new account

4. The next step is to choose an available $AAVE pair: AAVE/USDT, AAVE/BTC, AAVE/BUSD, AAVE/BNB & AAVE/ETH

5. Next, send your $AAVE tokens to a secure wallet. You can download the Binance Trust wallet to your mobile or any crypto wallet supporting $AAVE tokens

How do I Sell Aave (AAVE)?

1. Open the Binance Trust wallet app or log in to the exchange

2. Find the “trade” button

3. Convert the $AAVE tokens to $USDT (a popular stablecoin available on most exchanges)

4. Send the $USDT to an off-ramp platform like Coinbase or Gemini, as both support a good selection of fiat currencies

5. Finally, convert the stablecoin to fiat currency and request a withdrawal to your bank

Should I Buy Aave (AAVE)?

We cannot give independent advice on buying cryptocurrencies. It has to be a personal choice. The cryptocurrency market is highly volatile, so your investment could turn out well, or you could make a loss. Still, if you decide to buy $AAVE tokens, the preferred route is to open an account with a reliable exchange like Binance, Coinbase, or Gate.io.

How do I invest in Aave (AAVE)? Safely?

Financial experts always say that investing is risky, especially if you buy in haste, have no knowledge or experience, and haven’t done your due diligence. Avoid buying cryptocurrency on a whim. Instead, always weigh up the growth potential for a project, assessing the functionality and scalability of the protocol as a measurement of future gain probability.

In conclusion, never leave your crypto holdings on an open exchange because they are at risk. After buying Aave (AAVE) with Binance, Coinbase or Gate.io, transfer them to a safe crypto wallet. Coinbase has a self-custody wallet, and Gate.io provides an exchange wallet or a more secure cold storage wallet.

Available pairs for $AAVE on Coinbase and Gate.io: –

  • Coinbase – AAVE/USD, AAVE/BTC, AAVE/EUR, AAVE/GBP
  • Gate.io – AAVE/USDT, AAVE/ETH, AAVE/USD
Aave (AAVE)
Price
$100.77567691199
24h Change
4.3
7d Change
3.2