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How to buy Aave (AAVE) in Canada

Find out how to buy Aave in 3 easy steps with 0% CAD deposit and withdrawal fees.
Buy Aave

What is Aave?

Users use Aave, a decentralized application, to lend and borrow cryptocurrencies while earning interest, without the need of an intermediary. Based on the Ethereum blockchain, the Aave protocol is open source. It’s governed entirely by who owns the AAVE digital currency.

Aave Token (AAVE) logo
Aave Token (AAVE) logo

Aave (AAVE)

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Why invest in Aave?

An innovative cryptocurrency project, Aave offers a peer-to-peer solution to borrowing and lending, letting regular people earn profits from interest fees, rather than banks. AAVE is also relatively new and volatile, offering a high-risk, high-reward environment.

Aave carries a notable benefit - it lets you borrow without the use of collateral. You can’t use AAVE to buy most material goods (at least, not yet), but you can use it to make complex trades with other platforms. The nature of crypto trading makes it almost impossible to fake available funds. So as long as you can prove your ability to pay back what you’re borrowing, you can get a loan instantly with Aave.

What are Aave’s pros and cons?

PROS

  • Because only 16,000,000 AAVE coins exist in total, their value is likely to increase as demand becomes greater than supply.
  • Users who own AAVE coins can vote on changes to the platform.
  • In the right situation, Aave allows for loans and borrowing without collateral.
  • You can buy Aave in Canada by using a cryptocurrency platform, like Coinberry.

CONS

  • Aave’s several competitors, like 1inch and Compound, contribute to the coin’s volatility.
  • Aave is not as scaled up as other altcoins in Canada, like Cardano (ADA) and Litecoin (LTC), and therefore has a smaller trading market.

Why does Aave stand out?

Aave stands out by having a different purpose than most other cryptocurrencies. People use most cryptocurrencies to send digital money. In contrast, Aave works as a borrowing and lending platform, backed by the AAVE coin.

Anyone who invests in the AAVE coin gets to vote on changes to the platform, giving those investors a say about changes to the network and the coin’s governance. Accordingly, Aave stands out as a cryptocurrency in Canada because it aims to creating a truly independent virtual market.

Find out how to buy Aave (AAVE) in Canada with Coinberry, in 3 simple steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

 Buy Aave (AAVE).

You can buy AAVE right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Aave

Your trustworthy platform for digital currency.

We’re the only Insured, OSC & FINTRAC registered, and PIPEDA compliant crypto trading platform trusted by Canadian municipalities.

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