NOVELTY - The compost bin (100) comprises a body portion (12) having a bottom (18), a sidewall from the bottom and an open top forming a container, a perforated tube (16) extending upwards from the bottom of the body portion, a lateral vent tube connected to the perforated tube and the sidewall of the body portion, a drain configured and arranged to allow liquids to drain from the bottom of the body portion, a hinged lid (14) attached to the body portion, a vent structure (21) placed in the lid, a fan configured and arranged to circulate air through the container, and two wheels.    USE - The aerated compost and waste collection bin is useful for an institution such as a school or hospital, a commercial site including a restaurant or university dining hall or a residential dwelling.    ADVANTAGE - The aerated compost and waste collection bin minimizes odors of composting material in an environmentally friendly manner, enables easy and efficient collection of compost tea, and is cost effective.    DETAILED DESCRIPTION - The compost bin (100) comprises a body portion (12) having a bottom (18), a sidewall from the bottom and an open top forming a container, a perforated tube (16) extending upwards from the bottom of the body portion, a lateral vent tube connected to the perforated tube and the sidewall of the body portion, a drain configured and arranged to allow liquids to drain from the bottom of the body portion, a hinged lid (14)attached to the body portion, a vent structure (21) placed in the lid, a fan configured and arranged to circulate air through the container, two wheels attached to the body portion, a louvered vent cover over the lateral vent tube that is connected to the sidewall, a vent present in the sidewall of the body portion, an access door in the sidewall of the body portion, and a removable basket configured and arranged to be extracted from the access door. The lateral vent tube allows air to circulate from outside the body portion to the perforated tube. The fan is connected to the lateral vent tube.    DESCRIPTION OF DRAWING(S) - The figure shows a schematic cross-sectional view of the aerated composter and waste collection bin.    Perforated vent tube (16)    Body portion (12)    Lid (14)    Bottom (18)    Vent structure (21)    Compost bin. (100)