How and Where to Buy Aave Cryptocurrency: A Beginner’s Guide

Aave is a decentralized finance (DeFi) platform that helps you lend and borrow cryptocurrencies while it offers liquidity worth billions to the crypto sector. It is majorly popular for Flash Loans as a decentralized non-custodial liquidity protocol. We can call it ‘DeFi in a pocket’ that could act like a bank.

The platform features a native currency called AAVE, which has gained significant popularity and is now considered a noteworthy option for investment and trading. But the question is, how can you Buy AAVE? This guide will help you understand how to buy AAVE and explore the best exchanges for purchasing the native token. Keep reading!

How to Buy Aave: Summary

Aave has become one of the biggest names in DeFi, and for good reason. It’s a platform allowing people to easily lend and borrow crypto. Meanwhile, if you’ve ever wondered how to buy AAVE, its native token, don’t worry—it’s easier than you might think.

The process starts with picking a reliable Aave exchange like eToro, OKX, Margex, or MEXC. And, the process doesn’t end when you’ve got your tokens. We also explain how storing them securely is an important job as well. Once you’ve got your AAVE tokens, what’s next? Here’s a step-by-step guide to help you master the process and feel like a crypto pro in no time.

How to Buy AAVE: Best Exchanges

To buy AAVE, selecting the right Aave exchange is crucial for a secure and seamless trading experience. In this guide, we’ve rounded up the best platforms for purchasing AAVE, highlighting their features and how to get started with each. Whether you’re a beginner or an experienced trader, these exchanges offer reliable options to invest in AAVE with confidence.

Best Wallet

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Margex

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MEXC

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OKX

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Best Wallet

Best Wallet is a highly secure and user-friendly non-custodial cryptocurrency wallet supporting over 60+ blockchains. The platform aggregates different DEXs so that you can choose the one that gives you the maximum benefits while swapping or trading. This makes it an excellent choice for storing and managing AAVE tokens. Designed with both beginners and advanced users in mind, Best Wallet offers top-notch security features and an intuitive interface making it a great choice to buy AAVE.

Find out more about the Best Wallet in our in-depth guide: Best Wallet Review 2025: Is It a Secure Crypto Wallet?

How to Buy AAVE with Best Wallet

Here’s how you can get started using Best Wallet—it’s as easy as ordering pizza, except this time, you’re getting AAVE.

Step-by-Step Guide:

• Download and Install Best Wallet:
  Visit the official Best Wallet website or app store to download and install the wallet on your device. The app is available on both Android and IOS.
• Set Up Your Wallet:
  Fire up the app, create a new wallet, and—this is important—securely back up your recovery phrase.
• Fund Your Wallet:
  Time to load up! Transfer some crypto from another wallet or use the app’s built-in purchase feature.
• Search for AAVE:
  Navigate to the “Buy” or “Trade” section, and search for AAVE. Best Wallet displays AAVE next to the network like Ethereum, Polygon and Binance Smart Chain.
• Purchase AAVE:
  Enter the amount you want, confirm the transaction, and boom—you’re now the proud owner of AAVE tokens.
• Store AAVE Securely:
  Your tokens are now safely tucked away in Best Wallet, where they can chill until you decide what to do with them.

Best Wallet Key Features

Think of Best Wallet as your all-in-one toolkit for managing, trading, and even growing your digital assets. Let’s take a look at what it offers:

• Supports Tons of Cryptos: With access to 60+ blockchain and hundreds of coins (yes, including AAVE), this wallet’s like the Swiss Army knife of crypto storage.
• You’re in Control: It’s non-custodial, which means you hold the keys to your funds—no one else gets to play gatekeeper.
• Custom Token Love: Got a token that’s a little off the beaten path? No problem—add and manage it with ease.
• Top-Notch Security: Two-factor authentication, biometrics, encrypted keys, and even insurance. Your assets are protected with top-tier security.
• Trade Like a Pro: Use the built-in DEX for quick swaps and cross-chain trades without breaking the bank on fees.
• Earn While You HODL: Stake your tokens and rake in some sweet passive income—because why shouldn’t your crypto work harder than you?
• Advanced Tools: From an NFT gallery to market analytics and stop-loss orders, this wallet isn’t just for storing—it’s for strategizing.
• On the Go: Whether you’re an iOS or Android user, you’re covered. And if you prefer desktops, a browser extension is on its way!

Best Wallet Pros and Cons

eToro

eToro was one of the few exchanges promoting crypto trading at the start. It first started with BTC and now has expanded to AAVE and other tokens. It is widely recognized for its intuitive design and social trading features, enabling users to follow and replicate the strategies of successful investors.

For a detailed look at eToro, don’t miss our comprehensive eToro Review.

How to Buy AAVE with eToro

Buying AAVE on eToro is simple—just sign up, fund your account, search for AAVE, and hit that buy button! Let us show you how:

• Create an Account:
  Visit eToro’s website and sign up or download the app. Click “Join eToro” and create an account using your email or connect an existing one. Congrats, you’ve taken the first step toward AAVE ownership (or trading it).

• Verify Your Identity: 
  Fill in your personal details and upload the necessary documents for KYC. Yes, it’s a bit of a formality, but hey, regulations keep things safe and legit.

• Deposit Funds:
  Add funds using your debit/credit card or a bank transfer. Check the exchange rate (and maybe hold your breath a little if it’s not in your favor). Make sure your balance is ready for some AAVE action!

• Search and Buy AAVE:
  Enter “AAVE” in the search bar, select it, and complete your purchase. No rocket science here!

eToro Key Features

• Regulated & Trusted: Regulated in major jurisdictions like the UK and Australia—not a sketchy platform.
• Social Trading: Copy trades from experienced investors—it’s like cheating on a test, but legal and encouraged.
• Crypto Variety: Over 40 cryptocurrencies, including Bitcoin, Ethereum, and AAVE.
• Flexible Payments: Fund your account with ease, whether it’s with a card, bank transfer, or digital wallet.
• Secure Wallet: The eToro Money Wallet keeps your assets safe, so you can sleep soundly at night.
• Mobile-Friendly: Trade on the go with the app—it’s like carrying the market in your pocket.
• Beginner-Friendly: Simple enough for first-timers, yet loaded with tools for seasoned pros.

eToro Pros and Cons

Margex

Margex is a trusted platform known for its high security and transparency. It’s particularly suitable for traders who trade with leverage and prioritize low fees. You can trade AAVE on the platform with up to 100X leverage. The platform was launched in 2019 and is headquartered in Seychelles; Margex provides an intuitive platform equipped with tools designed for both beginner and experienced traders.

If you’re considering Margex for buying AAVE, check out our detailed Margex Review 2025 – Pros & Cons Uncovered.

How to Buy AAVE with Margex

• Sign Up:
  Register on Margex website with an email address. Better yet, download the app from the site if it isn’t restricted in your country.

• Deposit Funds:
  On Margex you can deposit the available cryptocurrencies from another wallet or deposit fiat using the card option. Want to deposit fiat? Use a third-party like Changelly, ChangeNOW, or Uniramp to buy crypto with your VISA or Mastercard

• Buy/Trade AAVE:
  Once funds are deposited, you can buy AAVE using those funds and confirm your purchase. If you want to trade, pick your order type (limit or market), enter the amount of AAVE, and hit confirm. Now you’re in the game!

Margex Key Features

• Platform Type: A crypto derivatives trading platform for those who like to trade with extra spice.
• Leverage: Go big with up to 100x leverage (not for the faint-hearted).
• Copy Trading: Follow seasoned pros and let them do the heavy lifting while you learn.
• Demo Trading: Risk-free practice for newbies—because everyone deserves a rehearsal.
• Margin Requirements: As low as 1%, depending on your region and trading pair.
• Security: Funds are 100% in cold storage with 2FA and SSL encryption.
• Mobile App: Two apps! One for trading, one for copy trading—double the convenience.
• Fiat Onramp: Use credit or debit cards via third-party providers for easy deposits.
• Customer Support: 24/7 live chat and email—they’ve got your back around the clock.
• APY Earnings: Earn 6%-7% APY on select cryptocurrencies like BTC, ETH, and USDC.
• No-Fee Converter: Swap crypto for stablecoins without paying a dime.

Margex Pros and Cons

OKX

OKX is a well-known crypto exchange offering a great mix of advanced trading features and a beginner-friendly design. It supports a wide range of cryptocurrencies, including AAVE, and provides tools like futures, perpetual swaps, and options. The platform is beginner-friendly while also providing advanced features for seasoned traders. Security is a top priority, offering tools like 2FA and cold storage to ensure your funds remain protected.

For an in-depth review of OKX and its functionality, check out our OKX Exchange Review – Is It Legit?

How to Buy AAVE with OKX

• Sign Up on OKX:
  Head over to the OKX website or grab their app from the mobile app store. Click on Sign Up and register using your email or phone number. Verify your identity if you wish to connect OKX’s native wallet with the exchange

• Deposit Funds:
  Upload your ID and proof of address to complete KYC for fiat payments. Choose your funding method from over 90 fiat currencies in the crypto section. Double-check you’ve selected the right network before generating your wallet address (or risk your funds taking a one-way trip to nowhere).

• Search for AAVE:
  Go to the Markets tab. Use OKX’s express purchase feature to buy AAVE quickly and easily. Use the search bar to find AAVE/USDT (or any trading pair you fancy.)

• Place an Order:
  Choose between a market order (instant purchase) or a limit order (custom price). Enter the amount and confirm the transaction.

Pro tip: Transfer your AAVE to the multi-signature OKX Wallet—it’s a simple way to keep your holdings extra secure.

OKX Key Features

• Spot Trading: Buy and sell AAVE and 350+ other cryptocurrencies with competitive fees.
• Margin Trading: Trade AAVE with up to 10x leverage—just remember, high stakes come with high thrills!
• Futures & Derivatives: Use trading bots, futures contracts, and options to turn your AAVE strategies into action-packed trades.
• OKX Earn: Stake your AAVE or join mining pools to make your crypto work as hard as you do. You can also Access dApps and manage your AAVE in DeFi portfolios through OKX Web3 Wallet.
• Smart Account: Enjoy features like paying gas fees with stablecoins and social recovery options—because even crypto needs backup plans.
• Customer Support: Comprehensive support is there when you need it—AAVE questions, meet helpful answers.
• High Security: Cold wallet storage and advanced protection keep your AAVE safe from any prying eyes.

OKX Pros and Cons

MEXC

MEXC is a rapidly expanding cryptocurrency exchange that offers an easy-to-use platform with low fees and a wide variety of cryptocurrencies. It’s popular for its quick listing of new tokens and beginner-friendly design. With several security measures, MEXC is a reliable option for trading and investing in AAVE.

For a full breakdown of the exchange, take a look at our MEXC Review 2025 – Fees, Features, Pros & Cons Revealed.

How to Buy AAVE with MEXC

• Sign Up on MEXC:
  Sign up on the MEXC website or app—it’s quick and painless. Complete the KYC verification process so you’re good to go. Have your ID handy to save time as the process is similar across exchanges.

• Deposit Funds:
  Select ‘Deposit’ from the header. Add funds via bank transfer, credit card, crypto deposit, P2P Trading or other available options.

• Search for AAVE:
  Use the Spot Trading section to find AAVE/USDT. Check the live price and market data.

• Place an Order:
  Select the type of order (market or limit). Enter the amount of AAVE you wish to buy and confirm the trade. Keep your AAVE safe in your MEXC wallet—it’s like a digital piggy bank.
• Withdraw or Stake AAVE:
  Withdraw your tokens to a secure wallet or put your AAVE to work by staking it on MEXC and earning passive income.

MEXC Key Features

• Global Accessibility: Available in 170+ countries—MEXC goes wherever you go (well, almost).
• Diverse Crypto Selection: Over 2,800 cryptocurrencies and 2,900 trading pairs, including AAVE.
• Fast Listings: Community voting gets new tokens listed quickly—talk about democracy in crypto!
• Advanced Trading Tools: Spot and futures trading with up to 200x leverage.
• Robust Security: Two-factor authentication, cold storage, and proactive security audits to keep your AAVE and other crypto in good hands.
• User-Friendly Interface: Simple for beginners but packed with features for the pros—because trading shouldn’t be rocket science.
• Earning Products: Stake AAVE or earn passive income while you sleep.
• Low Fees: Zero trading fees and only 0.1% taker fees.
• 24/7 Customer Support: Live chat available anytime—because crypto questions don’t sleep.

MEXC Pros and Cons

What Can You Do After Buying Aave

Now that you have AAVE, you might wonder what’s next. Earlier we said that we can call AAVE the Swiss Army knife of DeFi that you could keep in your pocket. Let us explain why we said that considering it has a use for just about everything.

Want to have a say in the future of the platform? You can vote on important decisions and propose changes as part of its governance. If you’re looking to earn some extra crypto, you can stake AAVE in the Safety Module, helping secure the protocol while pocketing rewards.

Need a loan? Use AAVE as collateral to borrow other assets. Want to let your tokens work for you? Deposit them to earn interest or participate in Aave’s ecosystem reserve to support growth initiatives. Feeling like a trader? AAVE can be bought and sold on major Aave exchanges.

For the adventurous, AAVE is integral to flash loans, letting you borrow funds without collateral. Plus, you can use your AAVE in the Aave DAO to steer the platform’s development or even join their bug bounty program to help make the protocol more secure (and get rewarded for it).

Understanding AAVE: The Basics

Now that you know how and where to buy AAVE, let’s examine its basics. Understanding how AAVE works helps you assess potential risks, such as market volatility and smart contract vulnerabilities.

What is Aave

If you are buying Aave, you should know exactly what it is. We have established that Aave is a protocol which is open-source and decentralized. What we didn’t tell you is that it is built on Ethereum. But you might already know that if you ever heard its earlier name, ETHLend. In 2017, its main purpose was peer-to-peer lending. Now, its USP has been loans and the protocol lets users lend and borrow crypto assets. It might act like a bank when it comes to collateralized loans but it isn’t one. Aave protocol uses its native token AAVE for automating these processes.

Basically, users deposit some amount as collateral and borrow any other cryptocurrency up to a defined percentage of the total of the collateral, called the LTV (Loan-to-Value) Ratio.

Imagine you have some spare crypto sitting idle in your wallet. Instead of letting it gather digital dust, you head over to Aave to lend your crypto to Aave’s liquidity pool. Now, your asset isn’t just sitting around; it’s earning interest as it is available for someone else to borrow.

Let’s say you have $1,000 worth of Ethereum (ETH) in your wallet, and you head to Aave and deposit your ETH as collateral. With Aave’s 60% Loan-to-Value (LTV) ratio, you can borrow up to $600 worth of USDT while your ETH stays safely locked up.

Pro tip: For an in-depth look at AAVE and how it operates, explore our comprehensive AAVE Review 2025.

Why AAVE Gained Popularity

You know how some trends are fleeting, like those slap bracelets from the ’90s, while others stick around, like coffee? AAVE is definitely in the coffee category of crypto. Its popularity skyrocketed because it solved a real problem: the lack of trustless, efficient lending systems in crypto.

Here’s why we think AAVE became a fan favorite:

1. Flash Loans: Aave introduced the concept of flash loans, where users can borrow funds instantly without collateral. It’s like borrowing your friend’s car for a quick joyride—if you return it before they even notice, no harm done.
2. Collateral Variety: Aave supports a ton of assets, from ETH to stablecoins, giving users diverse options for lending and borrowing.
3. Safety First: With features like over-collateralization and liquidation mechanisms, Aave has built a safety net for its users, ensuring lenders don’t get the short end of the stick.
4. Governance: AAVE holders get to vote on protocol changes, making it a truly community-driven platform.

Aave Tokenomics

Let’s talk numbers—because what’s crypto without some juicy stats?

• Circulating and Total Supply: The AAVE token has a capped supply of 16 million, making scarcity the value proposition again like limited-edition sneakers. Around 14 million in circulation as of now.
• Staking Rewards: AAVE holders can stake their tokens in the Safety Module, which acts as an insurance fund for the protocol. So as you can understand, this is important. In return, users earn staking rewards for securing the platform. If something goes wrong, like a liquidity crunch or a hack, the staked tokens are used to cover shortfalls.
• Governance: AAVE is the native token of the Aave platform and the token holders can vote on proposals to upgrade the protocol or change its fee structure. It’s like being on the board of directors for one of the biggest DeFi platforms. Instead, if you want to build something cool for Aave? Submit a proposal, and if the community approves, you could get funding to bring it to life. Through the Aave Grants DAO, developers can apply for funding.
• Deflationary Mechanism: Here’s a fun twist—Aave uses token buybacks and burns (basically destroying tokens) to reduce supply over time, making each AAVE token potentially more valuable. Less supply + steady demand = potential price growth. Simple.

• 
• Aave
  (AAVE)
• Price
  $359.52
• Market Cap
  $5.42 B

Expert Tips for Buying AAVE

Before you go all-in, let’s talk about some of the important consideration before your AAVE purchase. We suggest that start small to get a feel for the process, especially if you’re new to crypto. Always transfer your AAVE to a secure wallet after purchase to keep it safe. But for that, take some time to compare exchanges, as fees and prices can vary. We do not have to tell you that small mistakes in crypto can be costly.

Choose a Reliable Exchange

Picking the right exchange is the first step in your crypto journey—it’s like choosing the right market to shop in. Here are a few top picks:

• Exodus: Perfect for beginners with its easy-to-use interface. You can trade and store your crypto seamlessly, making it a great starting point.
• AlphaX: Designed for pros, this platform offers low fees and advanced trading tools for those who know their way around the crypto world.
• Changelly: Want fast swaps? Changelly lets you trade over 150 cryptocurrencies, including AAVE, quickly and securely.

Understand Market Trends

Crypto prices are as unpredictable as the weather—sometimes sunny, sometimes stormy. Keep an eye on market charts, follow AAVE news, and use platforms like CoinMarketCap to track trends. We’d say that knowing when to buy is half the battle in your AAVE journey.

Use a Secure Wallet

Your AAVE deserves a safe place to call home. Here are some great wallet options:

• Best Wallet: Offers non-custodial storage, staking rewards, and supports over 60 blockchain as we have outlined earlier.
• Zengo: A self-custody wallet that basically eliminates all vulnerability that comes with private keys and seed phases. It is perfect for beginners and pros alike.
• Trezor: A hardware wallet that’s basically a vault for your digital assets. The first generation wallets started almost a decade back with now the latest model taking over in 2025.

To learn more about crypto wallets and which one is right for you, check out our guide on the Best Crypto Wallets of 2025.

Start with Small Investments

Don’t jump into crypto all at once—it’s better to start small. Think of it like trying a new dish at a restaurant; you take a bite first to see if you like it before ordering the whole plate. Buy a small amount of AAVE to get familiar with the process, understand how things work, and gain confidence. Once you feel comfortable and know the basics, you can slowly add more to your investment. It’s all about testing the waters before diving in!

Is AAVE a Buy

With the growth in DeFi, Aave came in as its facilitator. Not wrong to say that the protocol and the token garnered attention in the cryptocurrency market during both upward and downward trends. According to DefiLlama, AAVE is the second largest protocol on Ethereum, just behind Lido. AAVE houses a total value of close to $20 billion across 13 chains.

Despite AAVE’s short term price fluctuations, Aave protocol’s utility in the DeFi sector emits confidence for the long term. However, Reddit user AmericanScream in r/Buttcoin highlight potential risks associated with the platform while comparing it to Tornado Cash.

The user says that its misuse for illegal activities like money laundering due to the lack of strict KYC requirements could become a problem. Users should also keep an eye on technical vulnerabilities related to AAVE’s reliance on Oracles, which are external data sources used to determine asset prices. The user says that the reliance, particularly when bridging with other blockchains, could lead to issues, similar to ones reported back in 2022.

Source: Reddit

That said, Stani Kulechov, the founder and CEO of Aave, sees that the TradFi and DeFi gap would narrow over time, giving boost to Aave adoption.

Conclusion: How to buy AAVE

By now, you should have a solid understanding of AAVE—what it is, how it works, and how to buy, store, and use it effectively. AAVE’s unique features, such as Flash Loans, multi-collateral options, and its role in DeFi governance, make it a standout platform in the world of DeFi. In the end, we can say that AAVE is like a digital lemonade stand: you lend out your lemons, earn interest while others make lemonade, and still get your lemons back when you’re done. Whether you’re staking, lending, borrowing, or simply holding, AAVE offers opportunities. We believe it is here to stay with the lines between traditional finance and DeFi blurring. However, keep an eye on the protocol governance and launches to understand the direction it is taking.

That said, the crypto space is dynamic, and like any investment, AAVE comes with risks. Always start small, do your homework, and prioritize security by using trusted exchanges and wallets. Remember, the true power of AAVE lies not just in its potential returns but in how it empowers you to participate in shaping the future of decentralized finance. With your new knowledge, you’re ready to dive into the Aave protocol confidently. Whether you’re here to invest, govern, or explore, always do your due diligence.

See Also:

• How to Buy Dogecoin Guide: Steps & Exchanges
• Top 10 Best Bitcoin & Crypto Wallets [cur-month] 2025
• How and Where to Buy FLOKI: A Beginner’s Guide
• Where and How to Buy Polygon: A Beginner’s Guide
• How to Buy RLUSD: A Beginner’s Guide to Ripple’s Stablecoin

Frequently Asked Questions

References:

• Reiff, Nathan. “What Is Aave?” Investopedia, 18 Nov. 2022, https://www.investopedia.com/what-is-aave-6823617.
• Aave. https://aave.com/.
• “Aave Crypto Eyes 30% Rally as Bullish Signs Emerge: Analysis.” The Market Periodical, 18 Dec. 2024, https://themarketperiodical.com/2024/12/18/aave-crypto-eyes-30-rally-as-bullish-signs-emerge-analysis/.
• eToro Official Website, https://www.etoro.com.
• OKX Official Website, https://www.okx.com.
• MEXC Official Website, https://www.mexc.com.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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Shraddha

Editor

I was introduced to crypto because the television news studio I worked in was doing a segment on the sector.  The world was talking about Bitcoin but it wasn't quite the phenomenon it is today. The journalist in me rushed... Read More

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