How to get AAVE coin? One article explains all the ways to get AAVE coin

To acquire AAVE, cryptocurrency exchanges like Binance and Coinbase offer purchasing, while lending platforms such as Aave and Compound provide opportunities for earning rewards through lending or borrowing.

Oct 01, 2024 at 01:00 am

How to Acquire AAVE Coins

1. Purchase on Cryptocurrency Exchanges

• Open an account on well-known cryptocurrency exchanges like Binance, Coinbase, or Kraken.
• Fund your account with fiat currency (e.g., USD) or cryptocurrency (e.g., BTC, ETH).
• Browse the exchange's trading pairs and search for AAVE/USD or AAVE/BTC.
• Place a buy order with your desired amount and price.
• Execute the order and AAVE coins will be deposited into your exchange wallet.

2. Earn as Rewards for Lending or Borrowing

• Deposit crypto assets into a decentralized lending platform, such as Aave, Compound, or MakerDAO.
• Lend your assets to borrowers and earn interest in AAVE coins.
• Alternatively, borrow crypto assets and pay interest in AAVE coins to incentivize lending.

3. Stake AAVE Coins

• Participate in Aave's liquidity pool and deposit your AAVE coins.
• Provide liquidity to the protocol and earn rewards in the form of transaction fees and AAVE tokens.

4. Yield Farming

• Combine lending and staking to maximize returns.
• Deposit crypto assets into lending platforms and earn interest.
• Use the earned interest to buy more AAVE coins and stake them for additional rewards.

5. Airdrops and Promotions

• Monitor cryptocurrency news and announcements for AAVE airdrops or reward programs.
• Participate in these promotions and earn free AAVE coins.

6. Mining (Not Available)

• Currently, AAVE is not mineable since it is an ERC-20 token based on the Ethereum blockchain.