EMCD Aave wallet
— One tap. All of crypto

The Aave decentralized lending protocol was launched in 2017 in Finland as ETHLend. In January 2020 it was rebranded to Aave. By 2025, the combined TVL of Aave v2 and v3 (total value locked across all supported blockchains) is approximately $40 billion – over 45% of the entire decentralized crypto lending market. The total volume of loans issued through Aave has exceeded $775 bln, accounting for about a quarter of the entire DeFi lending sector. The number of active users surpasses 35 000 per week, with nearly 2 million unique addresses having interacted with the protocol over its history.

The Aave ecosystem is powered by the AAVE native governance token. Holders of this token can:

• vote on project development through the Aave DAO platform
• stake tokens in the Safety Module to earn passive income
• use it as collateral for loans
• provide liquidity in pools to earn yield
• sell the token on major crypto exchanges

In short, AAVE is backed by one of the leading protocols in DeFi. The token offers both passive income opportunities and potential gains from market price fluctuations.

Let’s look at what an AAVE wallet is, how to create one on the EMCD platform, and why this option might be the best choice.

What Is an AAVE Wallet

An AAVE wallet is a software tool that provides access to the Aave network and allows users to store, receive, send, and exchange its native AAVE tokens. AAVE wallets are technically implemented in the same way as other crypto wallets that support the Ethereum blockchain and ERC-20 tokens. There are many AAVE wallets that support both desktop and mobile platforms.

Based on how they connect to the internet, all crypto wallets are divided into “cold” and “hot” types. Cold wallets can operate without internet access but still need a connection to execute transactions. Hot wallets, in contrast, do not work without an internet connection. Also, there are cold physical wallets, which are essentially secure hardware key storages.

Crypto wallets use private keys for access. In their unencrypted form, a private key is a 64-character HEX string. It can also be encoded (for example, in WIF format) or presented as a seed phrase consisting of 12 to 24 English words.

By how they handle private keys, wallets are categorized as custodial and non-custodial. Custodial wallets store copies of users’ private keys on their own servers. This allows login via a standard “username and password” combination without having to enter the key. Users of custodial wallets can also recover a lost key if needed. However, these wallets require a higher level of trust – a breach of the provider’s server infrastructure could lead to a leak of private keys.

Non-custodial wallets do not store private keys on their servers. This removes the ability to recover access or log in quickly but also reduces the risk of server-side breaches affecting users.

To use a non-custodial wallet with confidence, you must secure and protect your private keys yourself. Ideally, store them on at least two different removable devices (or even as written copies on paper) that are kept in separate physical locations. At the same time, ensure that none of these storage devices or papers are accessible to others.

That’s why, in practice, it is often more convenient to use custodial wallets with a proven track record of security – such as the EMCD crypto wallet.

Features of the EMCD Wallet

The custodial multi-currency EMCD wallet offers several key advantages:

• guaranteed privacy
• high level of security
• user-friendly interface
• zero-fee transfers
• option to recover access in case the private key is lost

The wallet supports not only AAVE but also many other popular cryptocurrencies and ERC-20 tokens. Among them:

• AVAX
• BTC
• BCH
• CAKE
• ETC
• ETH
• DASH
• DOGE
• KAS
• LTC
• MATIC
• NOT
• OP
• SUSHI
• TON
• UNI
• USDT
• USDC

In addition to the wallet itself, the EMCD platform provides access to many other services useful for crypto investors, including:

• a mining pool for popular coins
• a P2P platform for fast crypto buying, selling, and exchanging
• the Coinhold service, where you can invest your crypto and earn up to 14% APY

How to Create an AAVE Wallet

If you're interested in the AAVE token, you can easily create a wallet for it on the EMCD platform. To get started:

• open the platform
• click the "Create Account" button in the top menu
• choose a registration method – you can sign up using your email address, or register quickly via a Google or Telegram account
• for quick sign-up, grant the platform the requested permissions to access your account. For email registration, create and enter a password, then confirm your email address
• configure your account (2FA, security settings, interface preferences, and more)
• deposit AAVE into your wallet from another wallet, a bank card, or through the P2P platform

With the EMCD wallet, you can store both the AAVE token and many other popular coins and ERC-20 tokens. This platform provides everything you need to start earning with crypto.