How to Buy AAVE with Credit & Debit Card?

The use of cryptocurrency is quickly spreading throughout our daily lives and soon it will be an indispensable part of our financial system. Whether you're an experienced crypto investor or new to the digital economy, CEX.IO is here to help you reach your goals.

CEX.IO offers you to trade a wide range of digital assets including the biggest by the market capitalization like Bitcoin (BTC), Tether (USDT), Ripple (XRP), and Ethereum (ETH) and comparingly young projects like Aave. Learn where to check the Aave price, how to buy Aave coin, and how to convert AAVE to USD.

What is Aave coin?

Aave is a DeFi protocol developed for simplified borrowing and lending of crypto assets, without intermediaries and paperwork.

Liquidity pools of the network allow lenders to earn interest on digital currencies. With this pool, clients can then take out a flash loan using crypto as collateral.

AAVE is a native coin of the Aave project that was launched in 2017 under the name ETHLend and was later rebranded.

How did AAVE appear?

Stani Kulechov founded Ave and its predecessor, ETHLend. In his view, Ethereum lacked lending applications at the time. Thus, his project was conceived before decentralized finance even existed.

AAVE: how is the network secured?

AAVE tokens are created on the ERC-20 standard, and with the aim to have a deflationary function. With deflation, consumer and asset prices decrease over time, and purchasing power increases.

Aave's open-source protocol is based on Ethereum and is proved to be secured by this blockchain.

How does AAVE work?

Aave network can be best described as a system of lending pools. The funds are collected from borrowers and deposited into a pool. Then, borrowers can access the pool upon taking out a loan. Users can also trade the borrowed tokens at will.

There are two types of tokens that Aave issues for this purpose: aTokens, issued to lenders in order to collect interest on deposits, and AAVE, which is the native token.

There are several advantages to holding the AAVE cryptocurrency. When AAVE borrowers take out loans based on the token, they won't be charged a fee. Additionally, AAVE holders get a discount on the platform services.

Where to buy Aave token securely?

CEX.IO Bitcoin Exchange is a robust crypto platform that offers you 80+ crypto to buy and trade. The exchange is a part of the CEX.IO ecosystem, a global regulated provider of crypto services and fintech products. The company is licensed to operate in different countries and is PCI DSS compliant. Trading AAVE, as well as other cryptocurrencies, is totally secure here.

How to buy Aave cryptocurrency with a debit card for USD?

If you want to buy AAVE or another crypto for USD, for instance, to buy Ethereum at CEX.IO, you can do it with a credit or debit card, bank transfer, or e-wallet. To buy AAVE for USD with a debit card, go to Buy/Sell page and choose AAVE in the list of crypto. Opt for one of the FOK orders or set your amount and click Buy Now. If everything is right in the receipt you’ll see next, choose the linked debit card and proceed. You will get AAVE on your balance immediately.

How to buy Aave with a credit card at CEX.IO?

At CEX.IO you can buy crypto with VISA or Mastercard credit or debit cards. To start using your card on the platform, you need to link to your account by providing the card number and expiry date. Once the card is linked you can use it for instant fiat deposits and withdrawals.

When you top-up your CEX.IO account you can do the following:

  • Instantly buy crypto

At CEX.IO, you can purchase AAVE, buy Bitcoin instantly, or any other available crypto. On the Buy/Sell page, choose the AAVE in the dropdown menu, set the amount, and click Buy Now.

  • Trade on spot markets

Go to the Trade page and search for the AAVE pairs (AAVE/USD or AAVE/USDT). Then place the market or limit order to purchase AAVE.

  • Exchange crypto in a few clicks

CEX.IO mobile app gives you the possibility to exchange fiat or other digital currencies for AAVE tokens. You need to select the two currencies in the drop-down list and click Exchange now. No need to figure out the trading aspects.

How to buy crypto with a card issued in another currency?

First of all, your bank must support international payments and carry out automatic conversions. Any funds used for overseas transactions thus will be automatically converted to the needed currency at bank rates.

In this regard, for instance, you can deposit USD with a card issued in South African rands (ZAR). And then, buy and trade crypto using these funds.

Simply follow these steps:

  • Link your card;
  • Deposit money to buy AAVE.

Buying and trading Aave on CEX.IO: FAQ


Can I buy AAVE with a SWIFT?


At CEX.IO you can buy AAVE with a SWIFT if this method is available in your country. Check it on the page of Limits and commissions.


How can I sell AAVE, BTC, and other crypto?


You can sell Bitcoin instantly as well as other currencies via the Instant sell option in the mobile app. Click on the tab Buy/Sell, opt for the digital assets in the dropdown list, and select the amount to sell. Once you confirm the transaction, you will get fiat on your account or selected bank card.


Can I use Skrill to buy Aave?


At CEX.IO, Skrill is available for deposits and withdrawals. If your country doesn’t appear in the list of restricted, you can use Skrill to buy AAVE and other cryptocurrencies.


Can I trade AAVE with leverage?


You can try margin trading with CEX.IO Broker. The service allows you to trade AAVE and many other virtual currencies with leverage. What is more, you can try a demo account before you start trading live.


Should I buy Aave at CEX.IO?


You can monitor AAVE to USD prices to decide on whether you want to buy AAVE now or it’s better to wait. In case you want to buy another crypto, like Bitcoin, see BTC to USD chart. Monitor crypto prices to be up to date with the market trends and spot the best moments for your trades.