Best place to purchase AAVE at true cost with zero fees and markups
Aave (AAVE) is listed on the Crypto.com App today, 28 October 2020. AAVE joins a growing list of 80+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), XRP, Cardano (ADA), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO).
In addition, deposits and withdrawals of AAVE have been enabled.
Aave is an open and non-custodial protocol based on ETH blockchain, where users can deposit and get interests, as well as borrow assets from money markets. Depositors provide liquidity by depositing cryptocurrencies into lending pools which will then allow them to earn interest. Meanwhile, borrowers can obtain loans by tapping into these lending pools in either an overcollateralized or undercollateralized way. The loans do not need to be individually matched. Instead, deposits into the pool and the amounts borrowed/ collateral are used to make instant loans based on the pool’s state.
With AAVE added to the Crypto.com App, users can now purchase it at true cost with no fees - credit card and bank transfer both supported. As Crypto.com also offers a Visa Card, this adds additional utility to AAVE as users can easily convert cryptocurrencies into fiat currencies and spend at over 60m merchants globally.
- AAVE is not available for residents of the United States.