Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Aave, and is trustworthy!
You can find our top 3 exchanges for buying Aave here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Aave
And of course, the final step is to find Aave on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Aave (AAVE)
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How to Sell Aave
- Sign into the exchange
- Find where you stored your Aave, either on a hardware wallet or on the exchange.
- Transfer your Aave to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Aave.
Considerations when looking to buy Aave.
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.