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.
|Kraken||UK Bank Transfer||Up to 0.26%|
|Coinbase Pro||UK Bank Transfer||Up to 0.50%|
|CoinJar||UK Bank Transfer||1%+|
|CoinJar||Credit & Debit Card||2%+|
|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
With each of them, you’re able to deposit GBP with a UK bank transfer (for FREE). Each of them utilises the Faster Payments Service (FPS) too, which means that your transfers should usually be credited quickly (10-15 minutes).
Here’s what you’ll pay on these two cryptocurrency exchanges:
You can buy AAVE directly with GBP on Kraken and Coinbase Pro.
Both of these cryptocurrency exchanges have about the same trading volume for AAVE (see here).
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 20+ other cryptocurrencies. This includes Ripple (XRP), Chainlink (LINK), Compound (COMP), and more.
You can deposit GBP with a UK bank transfer on CoinJar. 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.
Alternatively, you can instantly buy any supported cryptocurrency on CoinJar with a credit or debit card.
You’ll be charged a fixed fee of 1% when you buy AAVE on CoinJar using GBP deposited into your wallet with a UK bank transfer. If you choose to use a debit or credit card, you’ll be charged a fixed fee of 2%. This makes CoinJar one of the cheapest places in the UK to buy cryptocurrencies with a debit card.
FYI: 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 it seems close (under 0.5%).
Crypto.com is one of the cheapest ways to buy AAVE and more than 150 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 will be more than 1% above the exchange rate.
Fortunately, you’ll have your fees waived for the first 30 days after creating a new account. This means you won’t need to initially pay that 2.99% charge. 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: