AAVE is the native token of the decentralized lending platform Aave, currently the DeFi application with the highest total value locked (TVL) at approximately $10 billion. Similar to Compound, Aave has gained an edge in development speed and adaptability to blockchain innovations like Polygon's sidechain integration. The AAVE token primarily serves governance functions, allowing holders to vote on proposals and new token listings.
Key Takeaways
- Most cost-effective method: Buying USDT on Max Exchange and transferring via TRC-20 to Binance yields 3.6981 AAVE per $1,000
- Alternative options: BitoPro/ACE exchanges offer slightly lower yields (3.6889 AAVE) due to higher local fees
- Wire transfers: Recommended only for amounts exceeding $20,000 due to fixed $20-$40 fees
- Credit cards: Least economical (3.574 AAVE) with ~3% processing fees
Detailed Fee Breakdown
1. Max Exchange → Binance (Best Value)
- Total fees: $1.50
- Process time: <24 hours
Steps:
- Deposit TWD to Max Exchange
- Buy USDT (0.05% maker fee)
- Free TRC-20 withdrawal to Binance
- Purchase AAVE (0.1% trading fee)
- Yield: 3.6981 AAVE ($1,000 principal)
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2. BitoPro/ACE → Binance
- Total fees: $4.00
- Yield: 3.6889 AAVE (0.24% less than Max)
- Note: $3 USDT withdrawal fee from Taiwanese exchanges
3. Trading Platforms (BitoEx/Maicoin)
- Fees: $21-$31
Yield:
- BitoEx: 3.6223 AAVE (-2%)
- Maicoin: 3.5816 AAVE (-3.15%)
4. Wire Transfer to Binance
- Fees: ~$30
- Yield: 3.589 AAVE (-2.95%)
- Break-even point: $20,000 transactions
5. Credit Card Purchase
- Platform: Crypto.com
- Fees: ~3% (2.99% processing + potential FX spreads)
- Yield: 3.574 AAVE (-3.55%)
FAQ Section
Q: Why is TRC-20 recommended for USDT transfers?
A: TRC-20 network currently offers fee-free transfers between exchanges, unlike ERC-20 which charges gas fees.
Q: How often do credit card promotions occur?
A: Platforms like Crypto.com periodically offer zero-fee promotions - subscribe to newsletters for alerts.
Q: Is AAVE a good long-term investment?
A: While Aave leads DeFi lending currently, always research market trends and diversify your portfolio.
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Final Recommendations
For Taiwanese investors, the Max-to-Binance pathway provides optimal value for sub-$20,000 purchases. Larger sums may benefit from wire transfers. Always verify current network fees before executing transfers, as blockchain conditions change frequently.
Remember: This guide reflects 2021 market conditions. Always check for updated fee structures and exchange policies before transacting.