Where & How to Buy Aave (AAVE) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy Aave on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
Reading time 4 minutes

Aave coins are available buy via 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 quickly in 3 steps

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To 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 a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

How to buy Aave
Min. Deposit n/a
Fees
No. assets n/a
Demo account

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Aave token

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Locate the search box and type AAVE. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Aave tokens! Not a big deal, right?

Where to buy AAVE easily

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The overall best platform to buy Aave for beginners is CEX.IO .

Here are the top five places to buy Aave, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best exchanges to buy Aave (AAVE), reviewed

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How to trade AAVE

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You 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:

  1. Monitor the price: For simplicity, 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.
  2. Open a trade: You trade one USDT for one AAVE ($1 USD for 1 AAVE).
  3. Continue to monitor the price: The following month, one AAVE token is now worth $2, a 100% increase.
  4. 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 countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Aave (AAVE)?

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The 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 Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • 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)?

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Most 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 now a good time to buy Aave?

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The 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 in literal terms. 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 a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade 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, 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.

How has Aave (AAVE) performed this year?

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The current Aave price today is $284.19, which is -57.38% versus its all time high of $666.86, which it reached on 18 May 2021. AAVE is +189.54% this year, with a 52 week high of $297.17 and a 52 week low of $72.26. 

Regardless, closely following Aave price news & analysis will help you decide when to pull the trigger.

Is Aave (AAVE) a good investment?

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Whether 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

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  • 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

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Ultimately, 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.

FAQs

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01

Where can I buy Aave (AAVE)?

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What do I need to buy Aave?

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Is Aave on Coinbase?

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Is AAVE on Binance?

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Is AAVE on eToro?

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What is the best wallet to store AAVE?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....