How to Buy Aave (AAVE)
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How to buy AAVE
Just 3 easy steps to start investing in Aave
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase AAVE with PayPal, Google Pay, etc.
Choose AAVE, select how much you want to buy, and make your first investment.
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Learn more about Aave
What is Aave ?
Aaave is a decentralized Ethereum-based lending platform launched in 2017 to give this opportunity to crypto owners to receive loans. The process is based on smart contracts, which means every step of borrowing and lending crypto is automated. The borrower should keep cryptocurrency assets as collateral and receive 80% of that amount as a loan. All the processes of calculating the loan terms and giving the loans to the borrower are done automatically via smart contracts. Therefore, no one has access to this process as a third party. The process of lending and borrowing is also done from liquidity pools. Thus, the borrower and the lender won’t know each other either. Aave network was called Ethlend but it was renamed to Aave in 2020.
For more information and updates about this coin, check out Aave network official website.
What is AAVE ?
Aave coin is the name of the native coin of this platform which is an ERC-20 token. The first token of this platform was called LEND token, which was released in November 2017. After the network was rebranded to Aave in 2020, the token name changed too. Every 100 LEND tokens are swapped with 1 Aave. This token is a utility coin, which allows its owners to vote on changes to the rules and policies of the network. Therefore, Aave coin owners are like stakeholders in this system and have the power to decide on important rules. Aave coin is not minable, the max supply of this crypto is 16 million tokens. It was ranked 9th in the list of top DeFi tokens by market capitalization in 2022.
Is Aave reliable
Aave is a secure platform as safe as the Ethereum network. The use of smart contracts is both good and bad for this platform. First, it won’t let any third-party access your coins during the process of borrowing. But since Aave doesn’t offer insurance on its platform, somehow, user funds might not be protected. As a result, the coins that might have been sent to the wrong address or lost will not be reimbursed. However, this is not something you should worry about. As long as you want to keep your coins as an investment, having a secure wallet is the most important thing for you.
After you've bought AAVE
Aave tokens are called utility and governance coins. The main use of this token is for voting on the system to propose new features and ask for updates. Since Aave is a lending platform, its tokens are mostly used as collateral. Although borrowers can use different crypto as collateral on this platform, if they use AAVE they will get a discount. You can swap a limited amount of Aave coins with any other crypto. But it is not usable for purchasing goods. However, it might be possible in the future.
Meanwhile, most people buy Aave coins to receive a loan on the Aave network or keep the coins as an investment. The price history of the Aave coin showed it could be a profitable investment in the past. If you want to hold these coins as an investment, be patient and keep watching their price. If you are a beginner, only invest as much money as you afford to lose because the future of cryptocurrency is unpredictable.
Your entry to the world of crypto
Other Methods of buying Aave
Where can I buy Aave
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Aave or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Aave directly from another person over the web.
Crypto Exchanges are the safest places for buying Aave. You can use Blocktrade as a cheap, secure, and global exchange to buy AAVE. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase AAVE with a few clicks.
How to sell Aave
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit AAVE to your Blocktrade account
To sell Aave on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Aave address.
Start selling Aave!
Once you deposited your Aave in your Blocktrade deposit address, you’ll be able to sell your AAVE.
Frequently asked questions
Aave coin can be staked, kept as an investment, and used for voting on the platform. Moreover, the coin is mainly used on the Aave platform for borrowing and lending.
You can buy Aave tokens on most exchanges. However, you need to know that each exchange might have different trading fees. If you want to find the cheapest one, we recommend you sign up on Blocktrade, which allows you to do trading without any fee. This exchange is regulated in the EU and supports most cryptocurrencies.
The cost of buying Aave can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of AAVE, you can either log in to our website and see the real-time price or check our Aave Calculator to see the price of Aave in your desired currency.
Aave crypto was founded by Stani Kulechov, who was still studying law in Helsinki when he decided to run the such system. The network is based in Switzerland.
There are several options to buy AAVE such as cryptocurrency exchanges, Peer-to-peer marketplaces, Aave brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Aave for beginners. You can easily buy Aave without any buying fees from our exchange.
The answer to this question depends on different factors. First, you need to know that no one can guarantee a crypto investment will be profitable because this world is so volatile. Therefore, if you want to invest in Aave, keep investigating more about its investors, and future, and check the price of the day, and price predictions. Then it’s all up to you to decide.
There is no right time to buy Aave, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Aave or any other cryptocurrency.