Easy way to Buy AaAave(AAVE) Online with Wigwam crypto app

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Aave | AAVEAave1,223 AAVE

How to buy and hold AAVE with Wigwam


1. Choose a token number that you want to buy

2. Create a wallet, where to store your crypto

3. Pay with credit card

12.64 AAVE

4. Check your crypto in the created wallet

Why Wigwam is the best crypto wallet for Aave (AAVE) storage

Ultimate security, only you have access to your Aave tokens

Send, Receive, Store your Aave tokens free and without limitations

Check the real-time value of your crypto tokens

Buy, Sell, Exchange Aave (AAVE) directly in the wallet

Stake Aave (AAVE) by connecting Wigwam to the popular DeFi dApps

No KYC or personal data collected

Why Wigwam is the best crypto wallet for Aave (AAVE) storage

Aave (AAVE) token review

AAVE is a utility token for the Aave protocol.

Aave is the first decentralized finance protocol on Ethereum, which allows users to lend and borrow various ERC-20 tokens (such as ETH, wBTC, SHIB, Avalanche, and many others) and stable ERC-20 tokens (such as DAI, USDC, and USDT ). Stani Kulechov launched it in November 2017 as ETHLend and later in September 2018 rebranded it as Aave, a Finnish word meaning ‘GHOST’.

The rebranding was done to emphasize the protocol’s goal of becoming an open and transparent protocol on Ethereum. The protocol introduced AAVE native coins to become more self-governed and upgraded its protocols with Aave (Launched in October 2020) and Aave V2 (Launched in December 2020) with extra added features. 

About Ethereum

Stani Kulechov created Aave to solve many inefficiencies in the financial world and give people financial autonomy, which was possible with smart contracts only. As it happens, Ethereum is the first blockchain that introduced smart contracts, allowing developers to build and deploy various dApps on its mainnet. 

Kulechov saw the potential of Ethereum’s smart contracts, well-established infrastructure, compatibility, and widely diverse and decentralized community which led to the deployment of the Aave protocol on Ethereum.

AAVE token use cases 

AAVE is the native cryptocurrency of the Aave DeFi running on the Ethereum blockchain, the token is utilized for the following usages.

  1. Governance: AAVE token holders get the power to manage the funds of Aave by voting through the process, known as Aave Governance. One token equals one vote, meaning holding more tokens will give its holders more voting power.
  2. Stake: AAVE token can be staked in the Aave protocol’s Safety Module to provide more security to the protocol in the Ethereum Network and earn Safety Incentives as a reward.
  3. Collateral: To raise the borrowing limits on Aave, one can deposit AAVE tokens as collateral, this can even get users a discount on fees if they deposit AAVE as collateral instead of other supported tokens.
  4. Flash Loan Fees: AAVE tokens are used for paying 0.09% flash loan fees for the transactions, by the borrower. 
  5. Borrowing: To borrow digital assets from Aave, a collateral crypto deposit is required. Aave supports various cryptocurrencies, but borrowers of AAVE cryptocurrency don’t require any fees if they take out loans in Aave’s native token, and borrowers who use AAVE as collateral get a discount on fees. Aave also provides higher borrowing limits to those borrowers who used AAVE as collateral. 

Economic value

AAVE tokens have a total supply of 16 Million with a circulating supply of 13,885,020 AAVE. AAVE’s market value depends on its buying and selling. The protocol earns revenue through various fees it charges for the services it offers such as Flash Loans, around 80% of it is utilized in buying back AAVE and burning it to regulate and control its supply. 

To keep the lender's and liquid provider's assets safe in case of emergency, the protocol has its Safety Module. This module can be used to cover the deficit by selling deposited AAVE and preventing losses. 


The Aave protocol runs on Ethereum, inheriting Ethereum’s transaction speed and scalability. During the high demands, the gas fees make headlines and the processing speed goes further down. Aave claims to dynamically calculate the value of assets for lending and borrowing, but digital assets are at stake here, and they are notoriously volatile, which could lead to either its value drop or skyrocket without giving any notice in advance.

Currently, Aave is using 80% of its earnings for buying AAVE back and burning it, and 20% into providing rewards for lenders and liquidity providers, leaving it essentially no capital for upgrades and research. 


Yes, you can stake AAVE tokens in the protocols’ Safety Module and receive rewards as Safety Incentives.

 Buying cryptocurrency is risky due to the crypto market volatility as well as the economic risks involved with it. In the past year, AAVE has fluctuated significantly as its price decreased by 13.54% and also reached an all-time high of $667.43. It is better to conduct thorough research before buying in AAVE or any cryptocurrency.

Enter your wallet address in the search bar of Ethereum Blockchain Explorer

You can buy AAVE directly form our Wigwam wallet or from centralized exchanges such as CoinBase, Binance, and Houbi Global. UniSwap and 1inch, are among few of the decentralized exchanges that deal with AAVE tokens.

The steps specifics might vary based on the wallet you are using but the general steps will be as follows:

Launch your crypto wallet, redirect to “Manage Assets”, and then click on “Add Token”. This will open a list of the supported blockchain networks. Select Ethereum and then enter the AAVE token details as listed below: 

  1. Contract Address: 0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9​
  2. Ticker/Symbol: AAVE
  3. Decimal Precision: With 18 Decimals

Click on “Save” after entering the above values to add the token to your wallet.