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How to Buy Aave – Invest with Low Fees Today

If you're wondering how to invest in Aave online - this guide will walk you through the process step-by-step.

Although leading Defi coin Aave first hit public exchanges as recently as October 2020 – the crypto-asset is already experiencing significant gains. In fact, in its first seven months of trading, the price of Aave has increased by over 800%. In this guide, we show you how to buy Aave with a regulated and commission-free broker.

How to Buy Aave – Quick Guide

Looking at how to buy Aave right now without reading our comprehensive guide? If so, follow the steps outlined below to invest in Aave in less than 10 minutes!

  1. Open an account: You’ll need to open an account with a low-cost and trusted broker if you wish to buy Aave online. We like eToro, as the broker allows you to invest in cryptocurrencies from just $25 upwards.
  2. Upload ID: eToro is regulated by the FCA, ASIC, and CySEC – so naturally, it is legally required to follow KYC rules. As such, you’ll need to upload a copy of your government-issued ID.
  3. Deposit: You can deposit funds into your eToro account with a debit/credit card, bank transfer, or e-wallet.
  4. Buy Aave: Enter ‘Aave’ into the search bar and click on ‘Trade’. Finally, enter the amount of Aave you wish to buy and confirm the order.

Once your Aave investment is complete, eToro will add the tokens to your portfolio. At any time, you can sell your coins back to US dollars.

Where to Buy Aave

Wondering where to buy Aave? In this section of our How to Buy Aave Guide, we are going to discuss the best trading platforms to gain exposure to this crypto asset.

1. eToro – Overall Best Way to Buy Aave 

etoro logo

eToro is the best place to buy Aave. The online broker is heavily regulated and offers a huge number of financial markets. This includes stocks, indices, commodities, forex, and of course –  you can buy cryptocurrency. The minimum stake required to buy Aave is just $25 – even though the digital currency is currently trading well above the $500 level.

This is because eToro supports fractional cryptocurrencies – meaning you can own just a small portion of one coin. Other popular digital currencies supported by eToro include Bitcoin, Uniswap, LINK, Litecoin, Ethereum, and more.

buy Aave

When it comes to fees, you can buy Aave at eToro without paying any trading commissions. This is also the case when you decide to cash out. Instead, eToro makes its money by charging a spread – much like all online brokers do. This is simply the gap between the buy and sell price of Aave. In a similar nature to Coinbase, eToro is often the go-to cryptocurrency broker for newbies.

This is because the platform is super easy to use, signing up takes minutes, and you can easily fund your account with a debit/credit card or e-wallet.  But, unlike Coinbase – which will charge you 3,99% to buy crypto with a debit card, eToro costs just 0.5%. In fact, if you’re a US citizen depositing funds in USD, this 0.5% fee is scrapped.

eToro copy trading

Past performance is not an indication of future results.

Back to regulation, eToro is registered with FINRA and the SEC and holds licenses with the FCA, ASIC, and CySEC. eToro is also home to social trading tools – where you can copy successful investors that are using the platform. There are also ready-made portfolios available – one of which focuses exclusively on digital currencies.

Pros

  • No stamp duty tax on UK shares
  • Over 2,400 global shares and 250 ETFs
  • CFD markets also offered
  • Social network with copy trading
  • Regulated by the FCA
  • FSCS partnered

Cons

  • Withdrawal and inactivity fees

67% of retail investor accounts lose money when trading CFDs with this provider.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

2. Capital.com – Trade Aave CFDs Commission-Free

new capital.com logo

We briefly mentioned Capital.com earlier when we discussed trading Aave via a CFD instrument. This top-rated CFD trading platform not only offers Aave, but hundreds of other cryptocurrency pairs. In fact, Capital.com offers heaps of other Defi coins too – so this could your go-to platform if you want to diversify across several decentralized finance projects.

As noted earlier, Capital.com gives you the option of going long or short – so you’ll benefit from enhanced trading flexibility. You can also apply leverage when trading Aave CFDs, albeit, your eligibility and limits will depend on where you live.

trade aave cfds

Either way, Capital.com does not charge any commission when you trade on its platform – and in most cases, you’ll benefit from industry-leading spreads. Much like eToro, Capital.com is very simple to use – not only in terms of getting started, but the trading platform itself. We also like the fact that you’ll have access to a free paper trading facility. This will give you the opportunity to trade Aave in real market conditions – but without having to risk any money.

If you do want to go straight to real trading conditions, you only need to meet a minimum deposit of $20. Supported deposit types at Capital.com include e-wallets, debit/credit cards, and a bank transfer. The platform is regulated by two reputable financial bodies – the FCA and CySEC.

Pros:

  • Educational app for new traders
  • Commission-free trading
  • Tight spreads
  • Leverage offered
  • AI assistant identifies your weak points
  • Excellent charting and analysis interface
  • £20 minimum deposit

Cons:

  • Cannot build custom investment strategies
  • CFDs only

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

 

3. Binance – Top-Rated Cryptocurrency Exchange to Buy Aave

Binance Logo

If you want to buy Aave without providing any personal information or ID documents, the only way you can do this is to use a cryptocurrency exchange. Binance is arguably the best option in this respect, as the exchange has a great reputation in the wider cryptocurrency trading industry.

Plus, it’s often home to the largest trading volume and it hosts hundreds of markets. In the case of Aave, you can buy this Defi coin in exchange for Bitcoin, Binance Coin, Ethereum, and Tether. As you can see, the platform doesn’t offer an Aave pair that contains a fiat currency like the US dollar.

buy aave at binance

As such, you will need to deposit a digital currency into Binance and then trade it for Aave. On the other hand, Binance does allow you to deposit funds with a debit or credit card.

But, you won’t benefit from an anonymous account – as you will be required to upload a copy of your government-issued ID. Debit/credit card deposits are typically expensive anyway, with the platform charging in the region of 3-4%. On the flip side, Binance charges a trading commission of just 0.1% per slide.

Pros

  • Largest cryptocurrency exchange UK in terms of trading volume
  • Hundreds of cryptocurrency pairs supported
  • Trading commission of just 0.1%
  • Supports UK debit/credit cards and bank transfers
  • Great reputation in the cryptocurrency scene
  • Ideal for advanced traders that seek sophisticated tools and features

Cons

  • Not great for newbie investors
  • A standard charge of 1.8% on debit/credit card deposits

Your Capital is at risk.

How to Buy Aave – eToro Tutorial

Now that you know where to buy Aave, let’s walk through the process using the regulated broker eToro.

Step 1: Open an Account and Upload ID

Head over to the eToro homepage and open an account. You will need to provide personal details such as your full name, nationality, home address, date birth, email, and telephone number.

eToro sign up

In the next stage of the account opening process, eToro will ask you to upload a copy of your:

  • Passport, driver’s license, or national ID card
  • Utility bill or bank account statement (issued within the last 3 months)

Unlike a lot of cryptocurrency brokers in this space, eToro is often able to verify your documents instantly.   

Step 2: Deposit Funds

You will, of course, need to deposit funds if you wish to buy Aave at eToro. You can do this instantly by choosing from a debit/credit card (Visa, MasterCard, Maestro) or an e-wallet (Paypal, Skrill, Neteller).

The minimum deposit is $200 in most countries, although this is reduced to just $50 for US-based traders. You can also deposit funds via bank transfer. But, in most cases, this will delay your deposit by a few days.

Step 3: How to Buy Aave 

Now that your eToro account is loaded with trading capital – you can proceed to buy Aave. The easiest way to do this is to search for the digital currency and then click on the ‘Trade’ button when the result loads up.

You then need to fill in an order box. Unless you are planning to deploy stop-loss and take-profit orders, all you need to do is enter your stake in USD.

As we covered earlier, the minimum crypto investment at eToro is just $25 – irrespective of how much the coin is currently being traded at.

Step 4: How to Sell Aave 

Assuming you have bought your Aave tokens at eToro, they will now appear in your investment portfolio. eToro supports cryptocurrency trading markets 24/7 – so you have the option of cashing out whenever you see fit.

how to sell aave

Simply elect to ‘Sell’ Aave via your eToro portfolio to convert the tokens back to cash. You can then withdraw the money out of eToro or use it to invest in other financial products.

What is Aave?

Aave is a decentralized finance (Defi) platform with its own native digital currency of the same name. The project itself was first launched in 2017 with its respective ICO generating a modest $16 million. Fast forward to 2021 and Aave is a multi-billion dollar cryptocurrency.

what is aave token?

  • In terms of what the project offers, Aave specializes in decentralized lending.
  • That is to say, the platform allows users from all over the world to borrow funds without needing a centralized third party.
  • This is achieved through a conventional peer-to-peer lending structure where capital is provided by those wishing to invest their digital currency holdings.
  • In turn, those proving funds for the Aave lending protocol will earn interest.

Unlike more traditional peer-to-peer loan platforms, Aave does not hold or store any client funds. Instead, the platform operates via a non-custodial- protocol, meaning that both lenders and borrowers are connected in a truly P2P manner.

Why Buy Aave? Aave Analysis

On the one hand, the wider cryptocurrency industry has enjoyed a prolonged upward trajectory since the pandemic came to fruition in 2020. Not only in the case of Bitcoin, but thousands of other digital currencies.

  • With that said, the Defi coin niche appears to be growing at an even faster rate – not least because the phenomenon is still in its infancy.
  • As such, you stand the chance to buy Defi coins like Aave before they really take off.

Although we cover the price history of Aave in the next section, we should note that by holding this digital currency you can generate growth in more than one way. On top of an increased token price in the open market, you can also earn interest.

This will be achieved by lending your Aave tokens to other users of the provider’s decentralized platform. As such, you can earn regular income on your holdings while still benefiting from long-term appreciation.

Aave Price

In order to buy Aave, you’ll like be doing so through a crypto-to-fiat pair like Aave/USD. This means that when the markets analyze the price of Aave, this is assessed in terms of its value against the US dollar. Nevertheless, when Aave first hit third-party cryptocurrency exchanges in October 2020 – you would have paid just over $54 per token.

Apart from a brief market correction in February 2021, Aave has been on a rapid upward trajectory ever since. In fact, at the time of writing in May 2021, Aave is trading at just over $520 per token. This means that in the space of just seven months, the Defi coin has increased by 862%.

what is aave token?

In turn, Aave is behind a market valuation of over $6 billion based on current prices. Although this is an incredible feat to achieve in such a short amount of time, there is still a significant amount of upside potential on the table.

This is especially the case when you consider that speculative cryptocurrencies like Dogecoin have since surpassed a market capitalization in excess of $92 billion. Of course, some would also argue that Aave is speculative and highly volatile, so you do need to consider the risks of buying this growing Defi coin.

Aave Price Prediction

It’s impossible to make an Aave price prediction with any conviction, as the digital currency is still in its infancy. In fact, this is the case with the wider Defi space, so nobody quite knows how to value Aave in an effective manner. The general consensus within the blockchain technology arena is that Defi coins will be the ‘next big thing’.

But, Aave is just one of 300+ such Defi projects – so knowing which one will stand out from the crowd remains to be seen.

Plus, there are several other Defi-based lending platforms in the space alongside Aave – so competition is likely to be fierce. The best thing you can do – as opposed to making an Aave price prediction, is to diversify your holdings by picking a variety of Defi coins. This way, you are not overexposing yourself to a single concept.

Ways of Buying Aave

With a market valuation of over $6 billion, there are dozens of online providers that now allow you to gain access to Aave. To ensure you know where to buy Aave in the safest and most cost-effective manner, below we discuss some of the best ways to buy Aave online.

Buy Aave through a Regulated Online Broker

We find that the best way to buy Aave is through a trusted online broker that is regulated by a reputable financial body. After all, you’re going to be depositing your hard-earned funds in order to buy Aave, so trust should be your main priority.

When you use a regulated broker, you will likely benefit from a number of investor protections that are in place to keep you and your fellow traders safe. As a prime example, eToro is regulated by the FCA, ASIC, and CySEC – and registered with the SEC and FINRA.

where to buy aave coin

In turn, this means that the broker must submit regular audits and more importantly – keep client funds in segregated bank accounts. This means that you can be 100% sure that your Aave investment is safe. By using a regulated broker to buy Aave, you will also benefit from fiat currency facilities.

This is something that unregulated platforms are able to offer as they do not hold the required banking license. In the case of eToro, this regulated broker allows you to buy cryptocurrencies with a debit/credit card, bank account, or an e-wallet like Paypal.

Trade Aave CFDs

Traditional CFD (Contracts-for-Difference) platforms have recognized the growing demand for Defi coins from trades. As such, the likes of Capital.com now allow you to trade Aave in the form of leveraged CFDs. This is a great option to consider if you are looking to speculate on the future value of Aave in the short term.

As the CFD will simply track the current market value of Aave in real-time, the underlying coins do not exist. This means that you don’t need to worry about storing your Aave coins in a private wallet. If opting to trade Aave CFDs, you’ll likely be able to do so with leverage – this boosting your stake.

where to trade aave coin

Your access to leverage, alongside your limits, will be dependent on your country of residence.  Another benefit of trading Aave CFDs is that you can go long or short. This means that you can profit from both rising and falling markets – which is especially useful in the volatile world of Defi coins.

Buy Aave through a Crypto Exchange

There are well over 100+ cryptocurrency exchanges that allow you to buy Aave. In most cases, exchanges will operate without a regulatory license – which is why you are rarely asked to provide any information or KYC documents.

  • But, a major drawback of using an unregulated cryptocurrency exchange to buy Aave, is that you will likely need to fund your account with a digital currency.
  • Then, you’ll need to exchange this digital currency into Aave, before withdrawing the tokens out to a private wallet.
  • If, however, you want to buy Aave with a debit/credit card or e-wallet, you will need to go through a regulated online broker.

On the other hand, a small number of cryptocurrency exchanges – such as Binance, do allow you to add funds with Visa or MasterCard. However, the debit/credit card fees will cost you in excess of 3-4% per transaction – which is super expensive.

Aave Coin Payment Methods

You can buy Aave using several different payment methods. Let’s explore some of the top options.

Buy Aave Coin with PayPal

One of the simplest ways to buy Aave is with PayPal. Crypto brokers like eToro allow you to fund your trading account with PayPal and you can get started with just a $50 initial deposit. You can also use e-wallets like Neteller and Skrill to buy Aave.

You can also buy Bitcoin with PayPal directly. Once you have Bitcoin, you can transfer it to any cryptocurrency exchange and use Bitcoin to buy Aave. 

Buy Aave Coin with Credit Card or Debit Card

Another way to buy Aave is with a credit card or debit card. Most cryptocurrency exchanges, including eToro and Binance, accept Visa and Mastercard credit and debit cards. Funds appear in your account right away, so this is a great option to buy Aave in minutes. 

Buy Aave Coin with Bank Transfer

If you want to pay for Aave with a bank transfer, you can do that as well. eToro and Binance both accept bank transfers, although you should expect that the funds will take a few days to arrive. Also note that some Aave brokers require a higher minimum deposit when funding your account with a bank transfer.

The Best Aave Wallets

In order to store any Aave tokens you purchase, you’ll need an Aave wallet. There are dozens of cryptocurrency wallets, but not every wallet can store altcoins like Aave. In addition, not every crypto wallet is equally secure.

So, let’s take a look at some of the best Aave wallets you can start using for free.

Our overall favorite Aave wallet is eToro’s cryptocurrency wallet. It supports over 150 cryptocurrencies and is one of the most secure digital wallets around. In addition, it’s easy to access and use since eToro manages your private encryption key on your behalf – you just need your eToro login information to access the funds inside your wallet. The eToro wallet also enables you to instantly exchange Aave for any other cryptocurrency and to send funds to family and friends in seconds.

If you want even more functionality, consider Binance’s Trust wallet. This wallet supports more than 500 cryptocurrencies, include Aave, and has a built-in marketplace for decentralized financial apps (dApps). That means that you can take advantage of options to earn interest on your cryptocurrency or to get a loan using your digital tokens as collateral. The Trust wallet also allows you to instantly exchange between cryptocurrencies using BinanceDEX, Binance’s decentralized crypto exchange.

eToro and Binance are two of the top options, but there are also simpler wallets available if you just want a place to store your Aave tokens. For example, Mycelium allows you to easily store Aave and is very beginner-friendly. You can also consider a cold storage wallet, also known as a hardware wallet, like Trezor if you’re worried about the security of your cryptocurrency.

Aave Reddit – Keep Up to Date with Aave

Although Aave has grown to rapid heights in recent months – both in terms of market cap and the value of its token, its Reddit community is still relatively small. In fact, at the time of writing, the Aave Reddit group has just 9,300+ members. Nevertheless, this is perhaps still the best online platform to e-meet and discuss Aave from the comfort of your home.

Conclusion – eToro – Best Broker to Buy Aave

Aave is one of the best performing digital coins over the past seven months – with the Defi coin seeing gains of over 860%. You can easily buy Aave by using a regulated online broker – as you will be able to deposit funds with fiat currency.

eToro, for example, allows you to buy digital currencies on a commission-free basis. The broker supports deposits in the form of debit/credit cards and e-wallets, and the minimum crypto investment is just $25 per trade!

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

FAQs

Should I buy Aave?

Unlike blue-chip stocks and government bonds, cryptocurrencies like Aave are super speculative. This is especially the case when you consider that Defi coins are still largely unproven. As such, whether or not you decide to buy Aave should be based on independent research.

Where can I buy Aave?

You can buy Aave at a regulated online broker such as eToro - which charges 0% in trading commission. Another option is to speculate on the future value of Aave via a CFD instrument. When doing this through Capital.com, you can apply leverage, trade at 0% commission, and even short-sell the Defi coin

What is Aave?

Aave is a decentralized platform that aims to revolutionize the global lending industry. It does this by connecting investors and borrowers without needing a centralized third party. Aave also has its own native digital currency - which trades like any other crypto asset.

How much Aave should I buy?

At the time of writing, a single Aave coin will cost you over $550. The good news is that when using a crypto broker like eToro, you can purchase digital currencies via fractional ownership. As such, the minimum investment per crypto trade is just $25.

How much is Aave worth?

The value of Aave will rise and fall on a second by second basis. At the time of writing, Aave is trading at over $550.

Will Aave go up?

Like most Defi coins at present, Aave has been enjoying a prolonged upward pricing trajectory. However, whether this trend continues in the near future remains to be seen.

How do you sell Aave?

This depends on where you are currently storing your Aave tokens. If you invest via an online broker and are storing your coins at the platform - you can usually cash out instantly by placing a sell order. But, if your Aave tokens are currently being stored in a private wallet, you will first need to transfer them into a third-party exchange.

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