How to Buy Aave (AAVE)
Seeking a way to earn money by lending out your idle crypto assets?
One of an emerging number of decentralized finance (DeFi) protocols, Aave programmatically accepts crypto deposits from users and lends them out to borrowers, all without the need for a traditional financial intermediary.
Not sure yet why you’d want to buy AAVE? Feel free to read our ‘What is Aave?’ guide, which offers a more extensive breakdown of the project’s technology and vision.
Ready to dive in?
If you just want to start buying AAVE right away, click the button below to begin.
Why buy AAVE?
Holding AAVE, Aave’s native cryptocurrency, grants users the ability to vote on network upgrades.
However, you may also want to consider buying AAVE if you want to:
- Diversify your long-term investment strategy
- Invest in decentralized lending and borrowing platforms
- Lend AAVE to earn more cryptocurrencies
- Support the development of applications on the Ethereum blockchain.
Where can I buy AAVE?
There are a number of ways to buy AAVE. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken.
Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your AAVE, it can be challenging if not impossible to recover your funds.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
How much AAVE can I buy?
Looking to buy AAVE on a budget? Don’t worry, Kraken offers a minimum order size of 0.05 AAVE to help you gain exposure to a variety of assets.
Of course, you can also execute larger AAVE buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 200 AAVE or more on Kraken.
How to buy AAVE on Kraken
Follow the steps below to start buying AAVE on Kraken:
Sign up for a Kraken account.
First, enter a valid email address, create a new username and set a strong password to protect your account.
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can buy AAVE with cryptocurrencies like BTC and ETH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded with cash, you’re ready to buy AAVE. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying AAVE, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your AAVE
Once you buy AAVE, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to keep your AAVE in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
Aave is a platform built on top of Ethereum, meaning AAVE can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your AAVE, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold AAVE in their accounts, we highly encourage you to separate your AAVE holdings into multiple wallets.
Start buying AAVE
Ready to take the next step toward decentralized lending and borrowing? Click the button below to buy AAVE on Kraken today!