Where’s the cheapest place to buy AAVE in the UK with GBP?
In 2021, there are more places than ever before where you can buy AAVE (and other cryptocurrencies) directly with GBP.
In this quick guide, I’m going to run through the best options you have available.
Intro: Cheapest Way to Buy AAVE in the UK
Here are the best places where you can buy AAVE in the UK.
| Provider | Payment Method | Fees |
|---|---|---|
| Binance | UK Bank Transfer | Up to 0.10% |
| Kraken | UK Bank Transfer | Up to 0.26% |
| Coinbase Pro | UK Bank Transfer | Up to 0.50% |
| CoinJar | UK Bank Transfer | 1%+ |
| Binance | Credit & Debit Card | 1.8% + Up to 0.10% |
| Gemini | UK Bank Transfer | 2.00% |
| Crypto.com | Credit & Debit Card | 2.99%+ |
| BC Bitcoin | UK Bank Transfer | 3.00% (Exclusive Discount) |
Let’s dive into these more.
Best Ways to Buy AAVE in the UK
1. Popular Cryptocurrency Exchanges
Binance, Kraken, and Coinbase Pro are three of the best cryptocurrency exchanges available in the UK.
With each of them, you’re able to deposit GBP with a UK bank transfer (for FREE). All of them utilise the Faster Payments Service (FPS). This means that your transfers should usually be credited quickly (10-15 minutes).
Binance has the lowest trading fees of the three. You’ll pay a maximum of 0.1% in trading fees. However, this can easily be reduced by 25% if use Binance Coin (BNB) to pay your trading fees.
Here’s what you’ll pay on these other cryptocurrency exchanges:
- Kraken: Up to 0.16% (Maker) or 0.26% (Taker)
- Coinbase Pro: Up to 0.5% (Maker & Taker)
You can buy AAVE directly with GBP on Kraken and Coinbase Pro.
On Binance, you’ll have to buy AAVE using Tether (USDT) on the AAVE/USDT spot market. This means you’ll first have to convert your GBP into Tether (USDT).
Although this means you’re paying twice as much in fees (as you’re making two trades), it’ll still work out cheaper than using Kraken or Coinbase Pro.
It’s also worth noting that the AAVE/USDT pair on Binance has the highest trading volume of any market pair available for this cryptocurrency.
Check out their official websites to learn more:
2. CoinJar – Buy AAVE with a UK Bank Transfer
CoinJar allows you to buy AAVE and a growing number of other cryptocurrencies in the UK.
Unlike cryptocurrency exchanges, CoinJar has an intuitive and easy-to-use mobile app (and web interface) which makes it simple to buy, sell, store, and send AAVE and 23 other cryptocurrencies. This includes Ripple (XRP), Chainlink (LINK), Compound (COMP), and more.
You can currently only deposit GBP with a UK bank transfer. This is processed via the Faster Payments Service (FPS), which means that GBP you send over to them should be credited quickly (within minutes for me) after your initial deposit.
You’ll be charged a fixed fee of 1% when you buy AAVE on CoinJar. However, the prices you’re quoted will be a little higher than what you can find on highly liquid cryptocurrency exchanges like Binance. This varies day-to-day, but I’ve not recently seen it above about 0.5%.
Check out my CoinJar review to learn more or head over to their website to get started.
3. Crypto.com – Buy AAVE with a Debit Card
Crypto.com is one of the cheapest ways to buy AAVE and more than 100 other cryptocurrencies with a credit or debit card.
If you’re from the UK, you’ll be charged a fixed fee of 2.99% when you buy AAVE using a card on Crypto.com. While it advertises “true cost”, I’ve found that the prices you’re quoted can sometimes be more than 1% above the exchange rate.
But here’s a little surprise:
You’ll have your fees waived for the first 30 days after creating a new account. Find out more about this here.
- Create a Crypto.com account. You’ll need to verify your identity, but this doesn’t take too long.
- Connect your GBP debit card to your Crypto.com account.
- Buy AAVE using your connected GBP debit card. This is instantly processed.
I’m impressed with what Crypto.com has to offer. It’s becoming much more than just another place to buy, sell, and store cryptocurrencies like AAVE.
In 2021, they now have more than 10 million users – which is just months after hitting the 5 million milestone.
Check out my Crypto.com review to learn more or download the app and explore it yourself.
Thanks for Reading!
Thanks for checking out this guide about how to buy AAVE in the UK!
Check out my other guides while you’re here: