Aave was founded by Stani Kulechov in 2017 under the name ETHLend. In September 2018, the project rebranded to Aave. It is now a decentralized finance protocol that allows users to lend and borrow cryptocurrencies. AAVE is the platform’s native cryptocurrency and governance token, providing holders with several benefits in the form of decreased fees and a chance to vote on key changes made to the project itself. If you are wondering how to buy AAVE tokens in Canada, Netcoins is a publicly-traded, fully regulated crypto trading platform. With 0% funding fees, free cash withdrawals, and live customer support service seven days a week, we make it simple for Canadians to buy AAVE and other cryptocurrencies.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email click on the link to verify your email address.
2. Fund it
Choose your preferred funding method: bank wire transfer, Interac e-Transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Once you have funds in your Netcoins account, you'll find that it's super easy to buy AAVE in Canada.
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TrustpilotWhy Buy AAVE?
How Is AAVE Unique?
What Can You Do With AAVE?
What are Flash Loans?
One of Aave’s features is “flash loans,” which allows loans to be issued and settled simultaneously. It takes advantage of the time delay in processing transactions on certain blockchains (for Ethereum, that is 13 seconds). Traders can use this to take advantage of trading opportunities and maximize profits.
How Much AAVE Can I Buy?
Is AAVE a Good Investment?
AAVE presents an interesting opportunity for investors, acting as both an investment that has the potential to appreciate over the long run and a utility token with benefits.
Connected to a project with a strong reputation, track record, and product offering, AAVE may be a solid bet on the decentralized cryptocurrency lending space. The token’s future price performance will be dependent on several factors, including the general direction of the crypto market.
However, as long as the project continues to differentiate itself through innovation and development, Aave may continue to command a dominant lead ahead of its competitors. If you believe in decentralized finance, Aave could be a project to consider with both a solid foundation and potentially a bright future.
This post is for informational purposes only. For proper financial advice, we recommend you speak to a financial advisor.
If you want to learn more about Blockchains, Bitcoin or Ethereum, follow our educational blog!
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy AAVE in Canada.
