Aave Pay Helps You Cash Out Crypto And Shape Your Portfolio
Popularity of cryptocurrencies has soared over the last couple of years. And, the primary reason for this was Bitcoin touching as high as $19000 in 2017. Apart from this rising trade volume, growing public interest and increase in capital invested has also contributed to the popularity and usability of the cryptocurrencies.
Cashing Out – A Big Worry?
Those who have invested big or have earned big in the crypto sphere would agree that cashing out is a major issue even today. Similarly, many new investors are still on the sidelines, analyzing their options when it comes to cashing out their crypto holding once they invest.
Though there are quite a few options available already that allow users to cash out their crypto holdings, they may suffer one or the other limitation, such as support limited currencies (both crypto and fiat), high transaction fees, too much paper work and more.
Aave Pay is working its way to up to address all such issues and become a go-to platform for those who intend to cash out, supporting several crypto coins and fiats and providing a convenient fees and exchange rate.
The cryptocurrencies that it supports are - LEND, Dai, Bitcoin, Ethereum, Cardano, Litecoin, Bitcoin Cash, Monero, ZCash, Dash, Lumen, Ripple and Tether. The supported fiat currencies are - US Dollar (USD), Euro (EUR), the Australian Dollars (AUD), Swiss Franc (CHF), Indian Rupee (INR) and British Pound (GBP).
Support for so many cryptocurrencies helps investors to save money, as many platforms support only Bitcoin, meaning investor first has to convert their crypto holding into Bitcoin and then cash out.
With Aave Pay, they can directly cash out if they hold the supported cryptocurrencies.
What after Cashing Out?
There are two options to use the money the user obtains after cashing out: spend it or invest it in any other asset, diversifying the portfolio.
With Aave Pay, users can directly invest your crypto holding into other assets if you want without having to cash out. Since Aave Pay is accepted where bank transfers are accepted, one can easily use their crypto holding to invest in any other asset, including investing in art, buying a painting and more.
Moreover, the Aave Pay uses bank transfer facility to convert crypto into fiat in real-time. This further helps an investor to lock investment in other assets at a price they want.
So, in a way, investors can use Aave Pay to shape their portfolio. They can easily invest in any other asset they wants using the service. If they believe some of their crypto holdings could face a decline or if they expect to earn more return from any other asset, they can easily transfer money using Aave Pay.