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||Trading 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%|
|Gemini||UK Bank Transfer||2.00%|
|Crypto.com||Credit & Debit Card||2.99%|
|BC Bitcoin||UK Bank Transfer||5.00%|
Let’s dive into these more.
Best Ways to Buy AAVE in the UK
1. Popular Cryptocurrency Exchanges
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:
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. Crypto.com – Buy AAVE with a Debit Card
Crypto.com is currently the cheapest place (that I know of) to buy AAVE and more than 90 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. You’ll be quoted the real exchange rate (i.e., no other hidden fees to worry about).
In contrast, you’ll be charged 3.99% in fees if you buy AAVE using a credit or debit card on Coinbase. If you were to make a £1000 purchase of AAVE, this means you’d lose about an extra £10 in fees.
And 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.
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.
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: