- Aave (AAVE) is a well-known DeFi (decentralized finance) protocol in crypto markets.
- Aave is completely open-source and lets you borrow assets, earn interest and build applications.
- It is considered a very promising cryptocurrency.
Looking to buy Aave? Read our step-by-step guide to buying Aave Protocol from Canada.
Not sure which exchange to use?
Where to buy Aave
On website
Highlights
- Get a $40 bonus when you sign up via Finty.
- CAD deposits are free, and you can withdraw via Interac e‑Transfer without paying extra.
- Choose between Express trades for speed or Pro trades with lower fees and more control.
- Regulated in Canada, Bitbuy is registered with the OSC and FINTRAC — making it one of the more trusted local platforms.
Pros
Cons
On website
Highlights
- Get $10 when you sign up and deposit at least $100 into your account.
- Quick deposits and withdrawals via Interac e-Transfer and wire.
- Low flat trading fee of 0.20% across all pairs, making costs predictable.
- Built for Canadians, with CAD support and compliance with Canadian banking standards.
- Advanced trading features like limit orders, recurring buys, and real-time charting for more control.
Pros
Cons
On website
Highlights
- Register in just 60 seconds and start investing with as little as $50.
- No CAD deposit and withdrawal fees.
- Coinberry is insured, FINTRAC registered & PIPEDA compliant and is the only digital asset platform trusted by Canadian Government municipalities.
Pros
Cons
On website
Highlights
- Get $10 when you sign up and get verified and an additional $20 when you deposit over $100.
- Trade over 60 cryptocurrencies with no deposit or withdrawal fees for Interac e‑Transfer and wire transfers in CAD.
- Choose between Quick Trade for fast transactions or Advanced Trade for full control with charts and limit orders.
Pros
Cons
Not available for application via this website
Crypto.com
Highlights
- Trade 250+ cryptocurrencies with CAD support, including Bitcoin, Ethereum, and altcoins.
- Use the Crypto.com Visa Card to spend your crypto anywhere Visa is accepted, with tiered cashback and perks.
- The mobile app offers everything in one place: buy, sell, stake, track, and earn.
- Strong security setup with cold storage, multi-factor authentication, and real-time monitoring.
Pros
Cons
First time buying?
How to buy Aave
Step 1: Choose a crypto exchange
Aave is available on a growing list of cryptocurrency exchanges.
When comparing exchanges, look at what fees are charged for transactions (maker and taker or a spread). Check if there's a fee to deposit or withdraw fiat currencies, what options are available for orders (market, recurring buys, etc.), if it has a mobile app, and so on.
Step 2: Get verified
If you create a new account with a crypto exchange, you will be required to give some personal information (name, telephone number, and email address).
You'll then have to verify your identity for tax purposes. This can be done with any valid photo ID. The verification process will take no more than a few minutes to complete at most exchanges.
After your identity has been verified, you are able to fund your account and begin trading.
Step 3: Set a budget
You should only invest money that you can afford to lose, especially when it comes to cryptocurrency, which is a volatile asset.
Most exchanges have no minimum deposit requirement or, if they do, require a small deposit.
Step 4: Deposit funds in your account
You can deposit fiat (CAD) currency in your account, which you can transfer from a bank account or with a debit card. Interac e-Transfer, PayPal, Skrill, etc. may also be accepted, but funding methods vary considerably between exchanges. There will probably be a surcharge to deposit funds with a credit card at most exchanges, if they even accept credit cards.
Check whether your crypto exchange lets you trade stablecoins and other crypto tokens for Aave. Not all exchanges accept crypto-to-crypto trades, but if you already hold crypto in a wallet, you may be able to fund your account with it.
Step 5: Buy AAVE
If you aren't concerned about slippage cost and don’t have a trading strategy in mind, use a market order to buy Aave. Most exchanges also make it possible to set up trigger orders to be immediately executed whenever Aave is at a specific target price, which you can use to execute a strategy.
Some exchanges have automatic recurring orders that will automatically purchase more Aave at a specified interval, e.g. each week or month. This lets you take advantage of dollar cost averaging over time.
After you buy
Where to store your Aave
To have easy access to your AAVE tokens, you can keep them in the hot account in the exchange in which you purchased the tokens. It is possible to transfer them to a hot account you control in another exchange at a later time. Be aware that hot wallets are connected to the internet, and therefore, are susceptible to theft, hacking, and malware.
Cold wallets, in contrast, are specially-designed devices that do not connect to the internet. They're the safest way to store crypto. However, it’s a less convenient option for active traders.
