How to Buy Aave

Aave (AAVE) cryptocurrency ranks at 76 place by capitalization. It’s 14 July 2024 on $1,502,651,317 year. Circulating supply: 14,873,050. Maximum supply – 16,000,000. The price of AAVE for today – $100.90 with trading volume of $124,093,763 for 24 hours. The maximum price of Aave was registered on 18 May 2021 year and was – $661.69. The lowest price of AAVE, $26.02, was registered on 5 November 2020.
Aave (AAVE)
$100.90 +3.10% ↑
24h price change
24h trading volume
on the official website

How to Buy Aave Price in USD: Convert to US Dollar

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on the official website
Data updated 7/13/2024

    Aave is the native token of the AAVE decentralized crypto platform, originally known as ETHLend. With its help users can lend or borrow cryptocurrencies.

    In this article, we will tell you about the main way to buy AAVE – on the cryptocurrency exchange. Read the step-by-step buying instructions and coin storaging tips.

    What is Aave

    AAEVE uses the peer-to-contract (P2C) model to make transactions more efficient. Initially, it was a peer-to-peer P2P platform where users interacted directly with each other through smart contracts.

    On the AAVE platform, funds are deposited through a special contract that allows you to take instant loans with interest on the use of credit funds. There are an extra feature for borrowers: lenders that contribute assets to the platform and receive aToken at a ratio of 1:1 to the deposited coins.

    This is the first lending platform that made it possible to borrow and lend funds in USDT.

    AAVE coins are tokens of the ERC-20 standard. They purpose is deflationary usage. In case of deficit in the DeFi protocol, they will be used as collateral.

    Where to buy Aave

    You can buy Aave on various services: exchange, payment systems, banks like Revolut. It is most profitable to make a purchase on the cryptocurrency exchange. This method has several advantages:

    • The best exchange rate;
    • High liquidity;
    • Great list of payment options (bank transfer, card, p2p-transactions, etc.);
    • An option to buy cryptocurrency by fiat money (dollars, euros, etc.);
    • Regulation and reliability.

    You will find instructions on how to buy Aave on the cryptocurrency exchange below. As an example for demonstration the process of coins purchasing, we will use Binance trading platform, which is the leader in trading volume in the world.

    Aave buying instructions

    We have already determined that cryptocurrency exchanges are the most profitable way to acquire Aave and other digital assets. The step-by-step instruction consists of 5 steps: starting from determining the level of risk and ending with the direct purchase of Aave (AAVE).

    Decide on the level of risk

    To start investing in cryptocurrency you should determine the level of risk. Due to excessive volatility of the crypto market, the return on investment in crypto is difficult to predict. Therefore, investments can be both increased and lost.

    To avoid losing money, follow the basic rules: don’t buy crypto with all your money, don’t invest your last money and don’t invest more than you can afford to lose.

    Choose the crypto exchange

    There are many trading platforms available for trading crypto. Each offers its own trading conditions. A good cryptocurrency exchange has the following characteristics:

    • Understandable and user-friendly interface;
    • Simple registration;
    • Support for a large number of trading pairs;
    • Low commissions;
    • Effective trading terminal and different order types;
    • Availability of additional ways to make money on crypto;
    • Positive reviews from real users.

    These parameters are inherent in the following exchanges:

    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h

    Register an account

    We recomend to buy Aave on Binance crypto exchange. This platform is characterized by large trading volumes, high liquidity, a lot of trading pairs, fiat using support, advanced functionality and other advantages.

    If you are a new user of the exchange, then you first need to register an account.

    To open a new account on the exchange:

    1. Go to the official website and click Register in the top right corner;
      How to buy Aave AAVE
      Starting registration on Binance
    2. Choose country of residence → Confirm;
      Country of residence
      Country of residence
    3. Specify the type of account you are registering: Create Personal Account (create a personal account) or Create Entity Account (business account);
    4. Fill up the registration form with other required information and click Next.
      Enter registration details
      Entering registration details

    To complete your Binance registration, you must verify your email address and phone number by linking it to your account.

    For detailed instructions on how to work with Binance, read full overview of the exchange on the site.

    Top up your account

    The method of replenishment depends on the chosen exchange. Before buying Aave on Binance, you need to determine currency pair which has the coin you want to trade and choose the most optimal method of replenishing. Aave is traded in pairs with other cryptocurrencies on Binance. Among them: USDT, BUSD, BNB, BTC, ETH.

    For example, let’s fund up an account on Binance with USDT cryptocurrency. For this:

    1. Go to your account and select Wallet → Fiat and Spot;
    2. Specify the currency you want to deposit on the exchange (USDT) in the Deposit tab;
    3. Select the Deposit option in the USDT line;
      USDT deposit
      USDT Deposit
    4. Specify network in the new window (for example, TRX Tron). Make sure you choose the same network as in the wallet you are withdrawing from, otherwise the funds will be lost;
    5. The address to transfer USDT will be displayed below: copy and paste it into the address field on the platform from which you will transfer coins.
      Address to deposit USDT to the exchange
      Address to deposit USDT on the exchange

    After a short time, the funds will be transfered to your Binance account.

    Buy Aave (AAVE)

    After USDT has been transfered to the account, we can use them to buy Aave. To do this we should create an order to buy Aave for USDT on the Binance spot market:

    1. Select the tab Trade → Spot in your personal account;
    2. Specify the currency pair Aave/USDT in the right part of trading terminal;
      Select trading pair
      Selecting a trading pair
    3. There is Aave buy order form under the chart on the page of terminal: select order type, specify other required data;
    4. Click Buy AAVE.
      Buy Aave with USDT
      Buying Aave with USDT

    How to sell Aave

    To sell Aave, you need to follow the same sequence of actions, but fill up the form on the right side of tab and click the Sell AAVE button.

    Sale Aave
    Selling Aave

    Where to store AAVE

    To choose storage for purchased cryptoassets you should first decide what you will do with them.

    If you are an active trader, so choose an hot wallet that is connected to the network and provides quick and easy access to assets. When using this type of storage, don’t forget about security measures such as strong password, two-factor authentication, etc.

    If you don’t need the coins in the near future or prefer long-term investment strategies then a cold wallet is the better choice. It connects to the network only to conduct a transaction, thus providing a higher level of security.

    Reliable wallets for storing Aave cryptocurrency are:

    For more secure crypto storage solutions, read our article about best crypto wallets.

    How to withdraw Aave to my wallet?

    To withdraw Aave from Binance we will use the official wallet of the exchange – Trust Wallet. For this:

    1. Log into your account on Binance;
    2. Select Wallet → Fiat and Spot;
      Spot market wallet Binance
      Binance spot market wallet
    3. Select the coin Aave and press Withdraw button opposite;
      Select coin to withdraw
      Selecting a coin to withdraw
    4. Specify the transfer network in the new window, for example, ETH. Make sure you choose the same network as in the wallet you are withdrawing from, otherwise the funds will be lost;
    5. In the Address line, you must specify the address where the coins will be transfered: to do this, open the Trust Wallet application installed on your mobile device (you can download the Trust Wallet from official website);
      Application to withdraw cryptocurrency from the exchange
      Creating application to withdraw cryptocurrency from the exchange
    6. Go to the application’s main page and select Receive;
      How to withdraw Aave to Trust Wallet : step 1
      How to withdraw Aave to Trust Wallet. Step 1
    7. Enter AAVE in the search field and click on the coin;
    8. The unique address of the recipient will be displayed: copy and enter it in Address line on the exchange.
      How to withdraw Aave to Trust Wallet : step 2
      How to withdraw Aave to Trust Wallet. Step 2

    Check up your Trust Wallet for coins to come.


    What is AAVE?
    AAVE is a decentralized lending and borrowing crypto platform. The native token has the same name (AAVE) and is traded on many major exchanges.
    Where can I buy Aave?
    You can use different services to buy Aave: exchanges, payment systems, banks like Revolut. We recommend making a purchase on the cryptocurrency exchange due of its favorable exchange rate, high liquidity, reliability, etc.
    How to buy Aave?
    Step-by-step instruction on how to buy Aave coins consists of 5 steps:

    1. Determine your level of risk;
    2. Select crypto exchange;
    3. Register an account;
    4. Top up your account;
    5. Buy Aave.

    When is the best time to buy Aave?
    The best time to buy any currency can be determined based on fundamental and technical analysis. If you are a beginner and just starting to dive into cryptocurrencies space, then take more time to get as many information about the project as you can: check up the team, its goals, perspectives, practical significance and so on. Read analysts opinions, experts articles, real user reviews, etc.
    Is Aave a good investment?
    It is currently one of the biggest players in DeFI industry. The lending platform offers users effective tools for lending and borrowing coins. The main goal of the project is to transform centralized financial services into decentralized, and it is take the project to the field of interest of investors. However, remember that purchasing any cryptocurrency involves risks and all responsibility lies solely with the investor.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the portal since 2022.
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