Here’s How To Buy Aave (AAVE) – A Simple And Complete Guide

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By Crypto Vibe

How To Buy Aave (AAVE)

Aave (AAVE) is a unique decentralized finance protocol that enables the borrowing and lending of cryptocurrencies among users across the globe. Lenders earn interest prices by depositing the digital assets into the created liquidity pools. On the other hand, borrowers can use their crypto as collateral to take a loan. Originally known as ETHLend, Aave was rebranded in September 2018. If you are interested to know how to buy Aave (AAVE), we have got you covered!

How to buy Aave (AAVE)

Register On Crypto Exchange

Since AAVE is an altcoin, it can not be purchased directly with money. You will first need to buy Bitcoin (BTC) or Ethereum (ETH). To do that, you need to register on any of the credible crypto exchanges like Coinbase.

Buy Cryptocurrency With Cash

Once registered on the crypto exchange, you can buy BTC or ETH by paying cash through bank transfer or using an instant cash deposit (applicable in some countries).

Transfer Cryptocurrency To Altcoin Exchange

You will need to transfer your purchased cryptocurrency to an exchange that allows AAVE trading. Some of the popular altcoin exchanges include, Binance, HotBit, and Poloniex. Just like other crypto exchanges, you will need to register on any of these first. While this may be valid, you may need to first check which of the altcoin exchanges allow AAVE trading.

Deposit Your Crypto

After registering for altcoin exchange, you will be eligible to exchange your cryptocurrency. However, the exchange policies may vary depending upon the alt exchange you are using. If you want to deposit BTC to an exchange, you will find a string of random numbers saying ‘BTC address’ in the exchange app. Once you locate it, click on ‘Copy Address’ or simply select the address by right-clicking and copying the address.

Now, head to your crypto exchange e.g. Coinbase, and go to the Portfolio page. Once the page is open, click on your assets list and then click ‘Send’.

You can now paste the copied wallet address to the ‘Recipient’ field and click on ‘Send’ to proceed.

Once your exchange is successfully through, you will receive a confirmation email from your altcoin exchange.

ETH Price Prediction As Of June 21, 2021 Is Here!!

Purchase AAVE

You can now open your altcoin exchange and select BTC from the options above the search bar. We choose BTC because we are trading bitcoins to purchase AAVE. Now, type “AAVE” in the search bar and you will find the available sets of pairs.

Select the pair to see the price chart. Once you are ready to make the purchase, click on the green button ‘Buy AAVE’.

Following the above-mentioned steps, you can easily buy Aave (AAVE) with your BTC or ETH on any of the altcoin exchanges.