AAVE is a decentralized finance protocol that enables users to lend and borrow cryptocurrencies through blockchain technology. It offers lenders the opportunity to earn interest on their deposits, and borrowers are exposed to a range of cryptocurrencies.
AAVE started in 2017 as ETHLend. Its native cryptocurrency – AAVE, serves as the governance token on its network.
If you’re aiming at broadening your cryptocurrency investments, AAVE is worth your consideration. In this guide, we’ll show you how to buy AAVE at 0% commission with a debit/credit card or e-wallet.
How to Buy AAVE – Quickfire Walkthrough to Buy AAVE Tokens in 10 Minutes
Buying AAVE is very easy and fast with Capital.com, a regulated brokerage platform. Capital.com is a zero commission site that offers you the opportunity to gain exposure to AAVE tokens in the form of CFDs.
With Capital.com, you don’t have to own the tokens or store them – meaning you don’t need to find a suitable AAVE wallet. Instead, by inputting your stake and selecting a buy order – you can purchase AAVE from Capital.com via CFDs. Best of all, you can do this through a bank transfer, e-wallet, debit card, or credit card.
The quick steps to buy AAVE CFDs is as follows:
- Open An Account With Capital.com – Go to the broker’s website and sign up for an account by entering your personal information and contact details. This process will only take a few minutes to complete.
- Verify Your Account Through ID Upload – You can instantly verify your account information by uploading your ID. This ensures that Capital.com remains compliant with anti-money laundering regulations.
- Make a Deposit – You can proceed to deposit some funds so that you can buy AAVE. With Capital.com, you have several options when it comes to payments. The broker enables the use of bank transfers, credit cards, debit cards, and several e-wallets.
- Search for AAVE – You can now proceed by entering AAVE into the search box. Select AAVE/USD when you see it load.
- Buy AAVE CFD – You will conclude by clicking on the ‘BUY’ button. Then you will input your stake amount and confirm your order.
Once you’ve confirmed your order on AAVE, it will stay open until you decide to cash out. At this point, you will place a sell order and Capital.com will then transfer the funds to your cash balance.
How To Buy AAVE Online – A Full Guide
As a newbie, you may feel intimidated by all the processes required at an online cryptocurrency exchange. Don’t worry; we’ve got your back. In the section s below, you will find our full guide on how to buy AAVE in a safe and simple manner.
Step 1: Open a Trading Account
The first step on how to buy AAVE is to open an account with a broker that supports the Defi token. As per our comprehensive research, we found that Capital.com is the best broker for the job. Not only is the broker simple to use and heavily regulated – but it allows you to buy AAVE CFDs at 0% commission.
To open an account with Capital.com, visit the provider’s website and fill in your personal details. Some of the information required includes your name, home address, phone number, and date of birth.
Your capital is at risk – 67.7% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload ID
To be eligible for trading at Capital.com – you need to go through a quick KYC process. As we mentioned earlier, Capital.com is under the strict regulation of the FCA and CySEC. As such, the broker is legally required to verify your identity.
To do this, you must upload a valid government-issued ID – such as your passport and driver’s license. In some cases, the broker might also as for proof of residence – which helps to authenticate the information that you provided when you registered an account.
Step 3: Make a Deposit
You have several options when it comes to funding your account with fiat currency. At Capital.com, there is no charge to make a deposit and you can choose from the following methods:
- Bank Transfer
- Credit card
- Debit card
Step 4: How to Buy AAVE
You’re now ready to buy AAVE CFDs. First, enter AAVE into the search box at the top of the screen and click on AAVE/USD when you see this pop-up. This implies that you’re placing a trade on the value of AAVE against the US dollar.
You can continue by setting up a ‘buy order’ and entering your staking amount. Once you confirm the order, Capital.com will then complete your AAVE CFD purchase using the best price that is available.
Step 5: How to Sell AAVE
By using Capital.com as your broker, you should have no concerns about storing your AAVE tokens. This is because you are buying CFD instruments – meaning the underlying AAVE tokens do not exist.
Furthermore, Capital.com gives you access to short-selling facilities and leverage. Any time you want to cash out your AAVE at Capital.com, you’ll just need to place a sell order.
The broker will then execute your order by closing the trade on your AAVE CFDs, moving the proceeds into your cash balance. The cash is then available for you to withdraw anytime.
Where To Buy AAVE Online
AAVE is a DeFi protocol that promotes the lending and borrowing of digital assets without intermediary interference. There are several brokerages and exchanges from where you can buy AAVE.
With that said, choosing a non-regulated trading platform will impose some risk on your capital. This is because there is every chance that the platform is exposed to a remote hack, meaning a possible loss to your AAVE tokens.
However, it’s very simple and secure for you to buy AAVE from Capital.com, not only because of its zero-commission policy – but its strong regulatory standing.
Below we explore why Capital.com is the best broker when considering how to buy AAVE online.
1. Capital.com – Buy AAVE CFDs At Zero-Commission With Leverage
Capital.com enables you to buy AAVE in the form of CFDs instead of the usual cryptocurrency tokens that you need to store in a private wallet. This provides a great advantage as there is no need to concern yourself about the safety of your tokens.
In terms of fees, Capital.com allows you to buy AAVE CFDs on a commission-free basis. During standard trading hours, we found that the broker offers very competitive spreads. Capital.com is regulated by two reputable financial bodies – CySEC in Cyprus and the UK’s FCA.
This is a fundamental safeguard that you are trading with a credible platform. Trading with leverage is another benefit of buying AAVE at Capital.com. According to ESMA regulations, residents in Europe will be offered leverage of up to 1:2. This means that you can double your stake. There are usually higher limits for traders in other countries.
With Capital.com, you have multiple options in terms of depositing funds with a fiat currency. Some of these options include a bank transfer, debit card, credit card, Webmoney, Apple Pay, and more. There are no charges for deposits or withdrawals – nor is there an ongoing platform fee. Additionally, Capital.com also offers CFD markets ETFs, stocks, forex, energies, and more.
- 0% commission broker with very tight spreads
- Regulated by the FCA and CySEC
- Trade dozens of DeFi coins and other cryptocurrencies
- Supports debit/credit cards, bank transfers, and e-wallets
- Markets also offered on stocks, forex, commodities, indices, and more
- Easy to use web trading platform and also support for MT4
- Low minimum deposit threhold
- Specializes exclusively in CFD markets
- Web trading platform is perhaps too basic for experienced pros
Your capital is at risk - 67.7% of retail investor accounts lose money when trading CFDs with this provider.
Should I buy AAVE?
AAVE is one of the most sought-after Defi projects running on the Ethereum blockchain. If you're wondering whether adding this Defi coin to your cryptocurrency portfolio is right for your financial goals - the following points can help you conclude if you should buy AAVE.
One of the First Lending and Borrowing DeFi Exchanges
The AAVE protocol is home to a leading DeFi exchange that paves the way for both lenders and borrowers to interact effectively without an intermediary. The platform is designed in such a way that lenders can earn interest on their digital assets directly into their network wallets.
This is very good for the wider demand of the project's native token, as payments and rewards are made with AAVE. Thus, over the course of time, it is hoped that this will result in the value of AAVE increasing.
Tremendous Price Growth
When the AAVE token was first launched in late 2020, you would have paid just over $53. Just seven months later in May 2021, AAVE surpassed a value of $650 per token. In simple terms, this means that early backers of the project amassed gains of 1,000% in less than a year.
Good Staking Token
Besides being a governance token, AAVE is also used for staking on its decentralized protocol. By staking your AAVE, you are entitled to rewards - with the amount based on how much you are prepared to lock away.
In doing so, you will be lending your tokens to the platform's liquidity pool. This has the desired impact of ensuring that there are sufficient levels of liquidity for those wishing to use the AAVE platform to borrow funds.
A Non-Custodial Defi Protocol
AAVE operates as a non-custodial DeFi protocol. This leaves the custody of cryptocurrencies directly in the hands of the respective owner. As a custodian of your own digital assets, you’ll have more confidence and peace of mind in the safety of your funds.
In other words, by shifting this custodianship away from centralized exchanges, AAVE allows you to store your digital assets without needing to trust a third-party. It, therefore, goes without saying that to date - the AAVE protocol has not encountered a security breach of any sort.
AAVE Price Prediction 2021
As one of the most used DeFi exchanges in this space, the price action of AAVE since its creation has been unprecedented. As noted just a moment ago, the digital token experienced gains of over 1,000% in less than 7 months of trading.
From the trend of its recent performance in the cryptocurrency market, various analysts forecast a brighter future for this digital asset. Some AAVE price predictions go as far as having a target price of $808 by the end of 2021.
Best AAVE Wallets
If you opt to buy AAVE from a traditional cryptocurrency exchange, you will need a private wallet for the safe storage of your digital tokens. With a suitable crypto wallet by your side, you will have private keys for maximum security.
This will reduce the risk associated with leaving your tokens in a centralized and unregulated exchange. As an ERC-20 project, you can conveniently store your AAVE tokens in any Ethereum compatible wallet.
Below are some of the best AAVE wallets for storing your tokens.
SecuX V20 – Best AAVE Wallet For Security and Portability
If your main focus is finding the perfect balance between portability and security, SecuX V20 is one of the best options to store your AAVE tokens. This wallet has a tamper-proof case that ensures durability - so you can easily have the confidence to move around with your device.
MyEtherWallet - Best AAVE Wallet for Combining Desktop and Mobile Storage
MyEtherWallet offers a simple setup and gives its users the opportunity to store crypto without needing to have any knowledge of how digital assets work.
The process of sending, receiving, and storing your AAVE tokens can therefore be completed with ease. You can use MyEtherWallet via a desktop and mobile wallet - and connecting the two could not be simpler. This offers an ideal blend of usability to safety.
Infinity Wallet - Best AAVE Wallet for Multi-Asset Crypto Portfolios
This is a unique wallet that gives you great potential with your AAVE tokens. With Infinity Wallet, you can easily transact, exchange, and even monitor your past transactions.
The wallet enables you to arrange and view your portfolio as you decide. Crucially, the wallet supports hundreds of coins and tokens - you can keep your crypto investments in one single hub.
How to Buy AAVE – Bottom Line
The cryptocurrency market is very speculative as well as volatile. AAVE is not immune to this parabolic price action, albeit, to date, the Defi coin has performed extremely well.
If you're ready to buy AAVE right now - Capital.com is the best broker to complete the process with. Not only will you be able to buy AAVE at 0% commission alongside tight spreads - but you will have the backing of two reputable regulators in the shape of the FCA and CySEC.
Capital.com - Best Broker to Buy AAVE CFDs
Your capital is at risk - 67.7% of retail investor accounts lose money when trading CFDs with this provider.
How much is AAVE?
AAVE has no fixed steady price. Like all cryptocurrencies and DeFi coins, its price is based on market demand and supply. Nevertheless, the price of AAVE at the time of writing this article is $330 per token.
Is AAVE a buy?
You should decide whether to invest in AAVE or not through our own in-depth research. While some market commentators believe that the value of AAVE is still minute in comparison to its future potential, there is no guarantee that the token will continue to rise.
How many AAVE tokens are there?
There are currently 12.7 million AAVE tokens in circulation at the time of writing.
What is the minimum AAVE tokens you can buy?
There's no stipulated number of AAVE tokens you can buy. AAVE has a comparatively low price in comparison to other cryptocurrencies, albeit, it can be fractionalized anyway. As such, you can buy as much or as little AAVE as you wish.
What is the AAVE all-time high?
AAVE hit an all-time high of over $650 in May 2021.