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- 1. How & where to buy Aave (AAVE) online
- 2. How to buy Aave instantly in 3 simple steps
- 3. Where to buy AAVE easily
- 4. Best exchanges to buy Aave (AAVE), reviewed
- 5. How to trade AAVE
- 6. What is the best way to pay for Aave (AAVE)?
- 7. How do I store Aave (AAVE)?
- 8. Is Aave (AAVE) a good investment?
- 9. Is now a good time to buy Aave?
- 10. FAQs
How & where to buy Aave (AAVE) online
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9/1082% of retail CFD accounts lose money.
Aave tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Aave this way. Follow our quick step guide below.
How to buy Aave instantly in 3 simple steps
Copy link to sectionTo buy Aave you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Aave token
Copy link to sectionType AAVE into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Aave tokens! It’s as simple as that.
Where to buy AAVE easily
Copy link to sectionThe overall best exchange to buy Aave token for beginners is eToro . Aave is also available on lots of other cryptocurrency exchanges.
Here are the top three places to buy Aave, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Aave (AAVE), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Uphold. Best for building long term wealth
...
No. assets
$1
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD.
Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.
The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.
4. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
5. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade AAVE
Copy link to sectionYou can trade Aave on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how AAVE crypto trading works:
- Monitor the price: Let’s say the price of AAVE/USDT is $1. You read the price charts and decide that now is a good time to start purchasing AAVE.
- Open a trade: You trade one USDT for one AAVE ($1 for 1 AAVE).
- Continue to monitor the price: The next day, one AAVE token is now worth $2, a 100% increase.
- Close your trade: You trade your AAVE token back to USDT for $2.
In this example, you buy and sell Aave, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Aave (AAVE)?
Copy link to sectionThe simplest way to buy Aave cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for AAVE.
- Buy Aave with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Aave with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Aave with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Aave (AAVE)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Aave then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Aave wallets to use are MetaMask and the Ledger Nano S.
Is Aave (AAVE) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Aave and its token to help you decide whether to invest in AAVE.
- Aave makes borrowing funds quick and easy. Aave is a decentralised lending platform that aims to solve the slow and expensive nature of centralised lending platforms. Traditional lending platforms often require borrowers to go through a lengthy application process, which can be slow and frustrating. With Aave, borrowers can deposit their collaterals and borrow against them instantly without needing a centralised intermediary. This allows borrowers to access the funds they need quickly and easily.
- The Aave platform gives more choices to borrowers. Aave allows borrowers to borrow at either a variable or fixed interest rate. This means that borrowers can choose the most suitable rate for their needs. A variable rate is subject to change based on market conditions, while a fixed rate remains the same throughout the loan term.
- Users can lend money on Aave to earn passive income. Lenders can earn a passive income through Aave, as the platform monitors their repayments and liquidations. This means lenders don’t have to manage their loans actively and can make a return on their investment without much work.
- It makes borrowing and lending more accessible. Aave’s services could make lending more accessible to regular people and disrupt banks’ monopoly on lending in the future. By removing the need for centralised intermediaries, Aave could make lending more affordable and accessible to people who might not have been able to access traditional lending services.
- The platform has lots of security measures to keep users safe. Unsecured and decentralised borrowing services present great accessibility, but there can be risks, as evidenced by the hacking attack on margin trading protocol bZx. As with any decentralised system, there is a risk of hacking and fraud, which must be considered when using Aave or similar platforms. However, Aave has implemented multiple security measures to mitigate these risks as much as possible.
- Holders of AAVE tokens benefit from several perks. Borrowers who take out loans denominated in AAVE do not incur any fees. Additionally, borrowers who use AAVE as collateral receive a discounted fee rate. AAVE holders can preview loans before making them available to the general public by paying a fee in AAVE. Additionally, borrowers who use AAVE as collateral can borrow a slightly higher amount.
Use this quick summary of pros and cons to compare Aave with other, similar projects.
Pros
Copy link to section- The low-cost of AAVE means that getting in early could lead to sizable rewards down the line
- Consistently competitive fees
- Flash loans feature offers instantly issued and settled loans via blockchain technology
- AAVE is in finite supply that is constantly being destroyed, increasing the token’s rarity
- Safety module mitigates risks of shortfall events
- Great range of cryptocurrencies and innovative products
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Aave (AAVE) performed this year?
Copy link to sectionThe current Aave price today is $87.08, which is 86.84% its all time high of $668.00, which it reached on 18 May, 2021. AAVE is up 68.66% this year, with a 52 week high of $260.09 and a 52 week low of $45.98.
Is now a good time to buy Aave?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Aave, selling Aave, and trading AAVE are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Aave.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Aave and its decentralised aggregator platform, then a good time to purchase Aave is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Aave and selling it the next day probably isn’t why you’re here either.
Regardless, closely following AAVE price news & analysis will help you decide when to pull the trigger:
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FAQs
Copy link to sectionMore altcoins to buy
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