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About Aave :
Aave is one of the leading Defi cryptocurrencies. It is an emerging decentralized protocol and one of the most significant Defi coins by its market cap. The concept of Aave is unique. Aave is a decentralized system that allows users to earn interest on their crypto assets without any middleman. Users can borrow and lend crypto and take an interest through it. If you have a crypto holding, then you can provide liquidity at Aave protocol and earn more. Aave ...Read more
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Understand the Aave wallet
Aave (AAVE) is a digital currency. It is not like your fiat currency. It's one type of currency in the form of digital code. Let's understand in brief, you can store your fiat currency in a hard wallet, but how can you store your digital currency when the point comes to security? Here, the Aave wallet came into existence.
A Aave wallet is one type of application or software program, or you can say it's a digital application where you can store/hold your Aave without any hesitation because it's very safe. Technically, it's like a bank. Once you credited your currency to the bank. Your bank application shows the number that you have credited to the bank. Same in the Aave wallet, you will see the exact amount you have invested and a quantity according to your money.
Now the question is, what else comes in the wallet? The wallet comes with a security key (private key) called a wallet address to accept and send the Aave.
Let's understand how wallets work.
- How can you receive Aave?
- Start google and type Aave.com wallet app and choose to receive options.
- Select in which wallet you want to receive Aave. Keep in mind selecting a BCH wallet option if you are receiving Aave cash. Else select AAVE wallet while you want to receive Aaves.
- Now, the wallet generates an address. At that address, you can receive coins. Copy that address and provide it to cryptocurrency exchange or any person who is sending you Aaves.
How can you send Aave?
- Open the Aave.com wallet app and select the Send option.
- The first way is to scan the QR code with your phone app or copy the receiver address into your mobile app.
- Choose the right wallet, select BCH while sending Aave Cash or select AAVE while you want to send Aaves.
- Enter the correct value before sending. And before it, check all the details carefully because any small mistake will put you in trouble.
There is not any wallets exist to store Aave coins