How to Stake Aave (AAVE): A Comprehensive Guide for the UK

Introduction

Staking Aave can be an excellent option for those who wish to hold AAVE while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Aave (AAVE) Tokens
To stake Aave, you need to possess it. To obtain Aave, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Aave (AAVE) 151.07
PrimeXBT Aave (AAVE) 150.54
YouHodler Aave (AAVE) 150.51
Binance Aave (AAVE) 150.5
BTSE Aave (AAVE) 151.1
Coinbase Aave (AAVE) 150.94
View all 77 prices
2. Choose a Aave Wallet
Once you have AAVE, you'll need to choose a Aave wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
YouHodler Aave (AAVE) Up to 7% AER
View all 10 staking rewards
3. Delegate Your AAVE
We recommend using a staking pool when staking AAVE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AAVE, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Aave network. You will be rewarded with AAVE for these validations.

Platform	Coin	Price
Nexo	Aave (AAVE)	151.07
PrimeXBT	Aave (AAVE)	150.54
YouHodler	Aave (AAVE)	150.51
Binance	Aave (AAVE)	150.5
BTSE	Aave (AAVE)	151.1
Coinbase	Aave (AAVE)	150.94

Platform	Coin	Staking rewards
YouHodler	Aave (AAVE)	Up to 7% AER

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.