If you're based in Canada and looking to invest in Aave (AAVE), you're entering one of the most innovative sectors of the cryptocurrency market—decentralized finance (DeFi). Aave has emerged as a leading DeFi lending protocol, enabling users to earn interest on deposits and borrow digital assets without intermediaries. This guide walks you through the best cryptocurrency exchanges in Canada to buy AAVE, how to store it securely, and whether it's a smart investment choice in 2025.
Where to Buy Aave in Canada
For Canadian investors, access to trusted, regulated platforms is key. The following five exchanges stand out for their ease of use, security, and support for AAVE trading.
1. Wealthsimple Crypto
Wealthsimple Crypto is one of Canada’s most user-friendly platforms, ideal for both beginners and experienced investors. It supports over 50 cryptocurrencies, including Aave (AAVE), Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Cardano (ADA).
Available across all devices, Wealthsimple allows fast CAD deposits via bank transfer with no fees on cash withdrawals.
- Fees: Trading fees range from 1.5% to 2%.
- Security: Assets are stored in cold storage with a regulated custodian insured against theft. Two-factor authentication (2FA) is enabled by default.
- Bonus Offer: Get a $25 CAD bonus when you open an account and deposit at least $150.
👉 Discover how to start earning with crypto today.
2. Newton
Newton is a fast, low-fee exchange perfect for those new to crypto trading. With support for over 70 cryptocurrencies—including AAVE—it offers a clean interface and reliable performance.
You can fund your account using Interac e-Transfer or by transferring existing crypto holdings.
- Fees: Trading fees capped at 0.70%. No fees on CAD deposits or withdrawals.
- Security: The majority of user funds are stored offline in cold storage. 2FA protection adds an extra layer of account security.
- Bonus Offer: Earn $25 when you open an account, deposit at least $100, and make your first trade.
3. Crypto.com
A global player in the crypto space, Crypto.com supports more than 150 digital assets, including AAVE. Beyond trading, it offers NFT staking, crypto-backed Visa cards, and earning opportunities.
Deposit options include bank transfer, credit/debit card, and crypto transfers.
- Fees: Up to 0.40%, often waived if you pay with Crypto.com Coin (CRO).
- Security: 100% of user cryptocurrencies are stored offline in cold wallets, backed by $750 million in cold storage insurance. 2FA is standard.
- Bonus Offer: Receive a $25 CRO bonus when you stake CRO for the Visa Crypto Card (minimum stake: $400).
4. Bitbuy
Bitbuy is a top choice for Canadian AAVE investors. Regulated by the Ontario Securities Commission (OSC) as a registered crypto asset marketplace and investment dealer, it offers strong compliance and trust.
In addition to AAVE, Bitbuy supports Uniswap, Polkadot, Chainlink, Solana, Polygon, and more.
- Fees: Trading fees up to 1.5%.
- Security: 99% of crypto assets are held in insured cold storage. The platform uses 2FA and industry-standard protocols to protect user accounts.
- Verification: Most users are verified instantly.
5. NDAX
NDAX provides access to AAVE and over 30 other popular cryptocurrencies. It caters well to both beginners and advanced traders with features like one-click trading, advanced charting tools, multiple order types, and recurring purchase options.
Funding is easy via Interac e-Transfer, bank wire, or bank cheque. Crypto deposits are also supported.
- Fees: Low trading fees at just 0.20%. Free fiat deposits; variable crypto withdrawal fees.
- Security: Uses cold storage for most assets, mandatory 2FA, access controls, and daily audits to ensure safety.
What Is Aave (AAVE)?
Aave is an open-source, decentralized lending protocol built on the Ethereum blockchain. It allows cryptocurrency holders to lend and borrow digital assets without relying on traditional financial institutions.
Using smart contracts, Aave automates lending and borrowing through liquidity pools—users deposit tokens like DAI, USDC, ETH, or AAVE itself and earn interest in real time.
Key features include:
- Collateralized Loans: Borrowers must deposit crypto as collateral—up to 17 supported assets—to take out loans.
- Flash Loans: Unique to Aave, these are uncollateralized loans that must be borrowed and repaid within a single blockchain transaction. Ideal for arbitrage or protocol interactions.
Dual-Token System:
- aTokens: Represent deposited assets and accrue interest automatically.
- AAVE Token: The native governance and utility token used for voting, fee discounts, and accessing premium features like credit delegation.
Aave plays a foundational role in the DeFi ecosystem, offering transparency, accessibility, and financial innovation.
How to Store Aave Securely
Once you've purchased AAVE tokens—especially if holding long-term—security becomes critical.
While keeping AAVE on exchanges is convenient for trading, it exposes you to risks like hacking or platform failure. For larger holdings, use a hardware wallet.
Recommended options:
- Ledger Nano S Plus
- Ledger Nano X
Both support ERC-20 tokens like AAVE since it operates on the Ethereum network.
Always double-check wallet compatibility before transferring funds. Sending tokens to an incompatible address may result in permanent loss.
👉 Learn how secure crypto storage can protect your investments.
Is Aave a Good Investment in 2025?
Investing in Aave depends on your outlook on the future of decentralized finance.
Historically, AAVE has shown strong volatility: it surged from a low of $53.68** to an all-time high of **$666.86 in 2021. Since then, prices have cooled but remain significant amid growing DeFi adoption.
Reasons Aave could be a solid long-term play:
- Continued innovation in DeFi lending and borrowing.
- Strong developer community and regular protocol upgrades.
- Growing integration with Layer 2 solutions and cross-chain platforms.
- Governance utility gives token holders influence over future development.
However, as with all cryptocurrencies, price volatility is high. Market sentiment, regulatory shifts, and macroeconomic factors can all impact value.
Always conduct thorough research and invest only what you can afford to lose.
Frequently Asked Questions (FAQ)
Q: Can I buy Aave with CAD directly?
A: Yes—platforms like Wealthsimple, Newton, Bitbuy, and NDAX allow direct purchases of AAVE using Canadian dollars via Interac e-Transfer or bank deposit.
Q: Is Aave available on all major Canadian exchanges?
A: Most top-tier Canadian exchanges support AAVE, but availability may vary. Always check the asset list before signing up.
Q: Do I need a wallet to buy Aave?
A: Not immediately—you can store AAVE on the exchange after purchase. However, for long-term holding, a private wallet (especially hardware) is strongly recommended.
Q: Are there taxes on buying Aave in Canada?
A: Yes—cryptocurrency transactions are taxable events in Canada. Capital gains tax applies when you sell or trade AAVE for other assets.
Q: What blockchain is AAVE on?
A: AAVE is an ERC-20 token running on the Ethereum blockchain, though it also supports cross-chain functionality via bridges.
Q: Can I earn passive income with Aave?
A: Yes—by depositing supported assets into Aave’s liquidity pools, you earn interest paid in real time via aTokens.
👉 Start your DeFi journey with confidence—explore secure trading options now.