Buy Aave
in Israel

When the Aave coin was called LEND, its initial price was $0.01 per token. When the name changed to Aave in October 2020, every 100 LEND tokens were swapped to 1 Aave, and the price was around $50. Very soon, the Aave price rose to $87, which was due to the release of the new version of the protocol in December 2020, which made using the platform easier and more efficient. At the beginning of 2021, Aave continued to grow and reached $100, and only in a few months, it set a record of $638 per token in February of 2021. It showed that it was an excellent investment for Aave owners. Nevertheless, 2022 wasn’t that good for this coin because from the beginning of the year, it dropped to $256 and ended the year with a price of $62.

There are ups and downs in the history of all cryptocurrencies. Aave is not an exception. It was a good investment sometimes, but the price failure might make people rethink whether to buy this coin. First, no one can tell you if your investment will be profitable because the cryptocurrency world is volatile. However, crypto analysts and experts can give you hints about how the future might be for Aave. Most of them believe that the Aave price would rise to $180 by 2025 and might reach the highest value of $606 in 2030. Please note that these are only predictions and might not be %100 guaranteed.

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.

Yes, cryptocurrency is legal to buy in Israel. The Israel Securities Authority (ISA) has issued a
legal structure guideline document regarding proposed legislation for the regulation of digital
assets in Israel. The document outlines the ISA's proposals for regulating cryptocurrencies,
initial coin offerings (ICOs), and other digital assets in Israel. The above-mentioned guideline
includes proposals for the licensing of cryptocurrency exchanges, the requirement for ICOs to
comply with certain disclosure and investor protection requirements, and the regulation of
custody services for digital assets. It also includes proposals for the prevention of money
laundering and financing of terrorism using digital assets, and for the taxation of cryptocurrency
transactions. Overall, the document provides a comprehensive overview of the ISA's proposals
for the regulation of digital assets in Israel and the legality of cryptocurrency transactions.

Yes, cryptocurrency is taxed in Israel. According to the information on the legislation of
cryptocurrency provided by the Israeli Knesset (the Israeli parliament), The Israeli tax authorities
consider cryptocurrency as a taxable asset and transactions involving cryptocurrency are
subject to taxation. According to the above-mentioned information on the Israeli parliament
website, the taxation of cryptocurrency in Israel is governed by the Israeli Income Tax
Ordinance. According to this law, any income or profit derived from the sale or transfer of
cryptocurrency is considered taxable income and must be reported on an individual's tax return.
Additionally, capital gains tax may apply to profits made from the sale of cryptocurrency.
It's important to note that the tax laws and regulations regarding cryptocurrency are constantly
evolving, so it's always a good idea to check with a tax professional or the Israeli tax authorities
for the most up-to-date information.

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.

In Israel, anyone who is over the age of 18 and has a valid government-issued identification can
buy cryptocurrency. There are no specific restrictions or limitations on who can purchase
cryptocurrency. The ideal method to buy cryptocurrency in Israel varies based on personal
needs and preferences, but the most common method is through a digital asset exchange. Our
exchange provides a trustworthy and secure option for those who want to buy cryptocurrency in
Israel. It offers a variety of payment methods, such as credit card, debit card, bank transfer,
PayPal, Apple Pay, and Google Pay, with no exchange transaction fees. With our platform, you
have the ability to purchase, sell, and trade cryptocurrency using Euros.