What is AAVE (AAVE)?
Aave is a decentralized, non-custodial liquidity protocol for earning interest on deposits and borrowing assets. Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow cryptocurrencies in exchange for a variable interest rate. AAVE is an Ethereum token. You can buy and sell AAVE for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade AAVE for BTC the same way you trade CAD for USD. You can also trade AAVE to CAD based on the AAVE price. To learn how to buy Aave / AAVE, scroll down to see how to buy Aave.
How to buy AAVE (AAVE)?
Here's how to buy AAVE on Coinsquare
To buy AAVE, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying AAVE. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select AAVE from the list on the trade section
Coinsquare lets you trade AAVE without leaving the app. You can also check the AAVE price and convert AAVE to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the AAVE price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy AAVE (AAVE)
Congratulations! You’re now the proud owner of AAVE. You can either HODL or use it to exchange AAVE to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my AAVE (AAVE)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add AAVE (AAVE) to your portfolio?
Create your account, fund it with spare change and get a little bit of AAVE.
