How to Buy Aave [OLD] (LEND)

A Step-by-Step-Guide on how to buy Aave [OLD] (LEND)

Step 1 – Signup to Kraken

You'll first need to buy units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Aave [OLD] (LEND) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate Aave [OLD] (LEND)

Once your deposit has been verified, you will instantly have access to your finances and you can commence buying and trading. To buy Aave [OLD] (LEND) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

To locate Aave [OLD] (LEND), you'll need to insert the shortname of the coin (LEND) into the search box, which is marked in the image. Be certain of having selected the right pairing, we have highlighted this too. Click on “LEND/BTC” to proceed.

Binance Hot To Buy Aave [OLD] (LEND)
Binance How to Buy (LEND) Aave [OLD]
Step 4 – Acquisition of Aave [OLD] (LEND)

As soon as you have spotted Aave [OLD] (LEND), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price Aave [OLD] (LEND) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of LEND you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of LEND.

When you're happy, click on “Buy LEND”. Your order will be filled as soon as a Seller trades their LEND for the price you offered.

Step 5 – Withdraw Aave [OLD] (LEND)

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extended time frame. To take off your Aave [OLD] (LEND), go to the tab called “Funds” and mouse click on “Withdraw”. Aave [OLD] (LEND) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Aave [OLD] (LEND) by using the provided drop-down box. Enter the amount of Aave [OLD] (LEND) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You've successfully bought and safed Aave [OLD] (LEND).

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (LEND) Aave [OLD] is stored in your wallet, you are done.
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