Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Aave. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Aave

Australia has a good amount of trusted and regulated crypto exchanges, so it’s quite easy finding an exchange that has Aave. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Aave in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Aave

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Aave in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Aave, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Aave.

Or, if you’d like to learn more about the exchanges we recommend, look at our list of the safest crypto exchanges in Australia.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Aave, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Aave

The final step is to go to their asset list, find Aave, navigate to the buy section, and then trade your AUD for some AAVE. Once you’ve bought Aave, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Aave (AAVE)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Aave

If you’re thinking about selling Aave, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on Aave in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Aave for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Aave in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Aave with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Aave. Have a look on their site first, you might be lucky.

How to buy Aave with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Aave with your credit/debit card.

About Aave

Aave is a decentralized finance protocol that allows users to borrow and loan crypto.

Lenders can earn interest by depositing digital assets into specially-created liquidity pool. Borrowers can use this liquidity to secure a loan.

Aave, which in Finnish means "ghost"/"evil", was launched in November 2017 as ETHLend. The rebranding to Aave was done in September 2018. This explains why the ticker for this token is different from its name!

AAVE holders receive discounted fees on the platform. It also serves as a governance token that allows owners to take part in the future development of the protocol.

Aave has many unique selling points in a highly competitive market. It was the biggest project in terms total crypto-locking value, during the DeFi craze.

The project allows users to borrow and lend in around 20 cryptocurrencies. There are more options for users. AaveaEUR (tm) flash loans are one of the most sought-after products. They are described as the DeFi’s first uncollateralized loan option. There is a catch. They must be repaid in the same transaction.

Another selling point of Aave is its flexibility to let users choose between fixed and variable interest rates. Variable rates can be useful for those who believe that prices will fall soon, but fixed rates provide some assurance regarding costs in volatile crypto markets.

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