How to Purchase Ethereum (ETH) using Aave (AAVE)

To buy Ethereum using Aave, first, find a cryptocurrency exchange that supports the ETH/AAVE trading pair, such as Nexo, YouHodler, Binance or BTSE. Create an account, verify your identity, and deposit your AAVE into your exchange wallet. Locate the ETH/AAVE pair on the trading platform and place an order to exchange your Aave for Ethereum. If the ETH/AAVE pair is unavailable, you can first exchange Aave for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.