How to Buy Maker (MKR) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Maker and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Maker.
  2. Register a new account.
  3. Fund your account.
  4. Buy Maker.
MKR
$3636.2160449424

These steps are simple if you know where to buy Maker cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Maker (MKR) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Maker Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

74

Only

74

of these exchanges sell Maker.

We then filter down the entire set of possible marketplaces to only the ones that have active MKR markets.

34

Only

34

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
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Debit Card
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Wire Transfer
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Paypal
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Apple Pay
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Google Pay
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SEPA
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EFTCAD
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Interac
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SGD Transfers
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3D Secure Card UK
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Easy Bank Transfer UK
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Faster Payments UK
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Instant Card Cashouts UK
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PayPal UK
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Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Maker cryptocurrency.

You can buy Maker on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Maker (MKR)

After registering and funding your account at , you should be able to buy Maker after your deposit finishes processing. After you receive your MKR, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Maker Exchanges

Maker is also available on these exchanges:


Frequently Asked Questions

Yes, Maker is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Maker instantly at Binance, Zengo, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) MKR. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Maker, you will need to deposit funds into your exchange account - which usually has no fees - and then buy MKR, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Maker at Binance, Zengo, Coinbase.

Maker Investment & Buying Guide

Diving into the realm of decentralized finance, you’ve likely heard of Ethereum and Bitcoin, but Maker stands out with a unique proposition. It’s not just another cryptocurrency; it’s the backbone of a revolutionary system designed to stabilize the value of its sister coin, DAI.

As you peel back the layers of Maker, you’ll discover a dual-token model that’s both intricate and ingenious. It’s a game-changer in the way we approach digital assets, offering stability in a volatile market. Get ready to explore how Maker is carving its niche in the crypto ecosystem.

What is Maker Cryptocurrency?

Maker is a trailblazer in the world of decentralized finance. An integral part of the Ethereum blockchain, Maker strives to reduce volatility with its native stablecoin, DAI.

How does Maker Compare to Other Cryptocurrencies?

Unlike Bitcoin’s proof-of-work model, Maker operates on a proof-of-stake consensus mechanism. This approach not only reduces energy consumption but also accelerates transaction processing. Maker’s unique governance structure allows DAI holders to participate in decision-making processes, distinguishing Maker from cryptocurrencies like Litecoin that lack such a feature. Moreover, Maker’s stability is achieved through overcollateralization, whereas currencies like Ripple rely on traditional banking institutions’ trust.

While other cryptocurrencies face wild fluctuations, DAI maintains a soft peg to the US dollar. The innovative use of smart contracts and collateralized debt positions (CDPs) further sets Maker apart from other digital assets. In contrast, most cryptocurrencies lack mechanisms to directly control their value, making them more susceptible to market whims.

As a part of Ethereum’s vibrant ecosystem, Maker benefits from the broad adoption and development activity that Ethereum attracts. Other standalone cryptocurrencies often struggle to match Ethereum’s ecosystem’s level of integration and functionality. With the recent growth of decentralized finance (DeFi), Maker’s role is increasingly significant as it offers a decentralized solution to price stability. This feature is less prevalent in traditional cryptocurrencies like Bitcoin or privacy-focused coins like Monero.

Maker History & Growth

MakerDAO, the organization behind Maker, was officially launched in 2015. Its development marked a significant milestone in blockchain-based financial services. In 2017, Maker released the DAI stablecoin, providing a decentralized cryptocurrency with minimized volatility. DAI’s launch was a game-changer in the realm of digital assets.

By 2018, Maker had become a cornerstone of the Ethereum-based decentralized finance (DeFi) ecosystem. The platform’s growth mirrored the surging interest in DeFi applications. Integrations with other protocols and platforms have fueled Maker’s adoption. These collaborations expanded its utility across the crypto space.

Steady growth in the value locked within Maker smart contracts stands as evidence of user confidence. Data reflects a consistent increase in the total collateral value, underpinning the Maker system. Maker’s ability to adapt and innovate has kept it relevant in a rapidly evolving industry. Continuous improvements and governance changes ensure Maker stays at the forefront of DeFi innovation.

Strategic partnerships with various blockchain projects further cement Maker’s position in the market. These alliances aim to enhance service offerings and expand Maker’s reach. Maker consistently ranks among the top DeFi platforms by total value locked (TVL). This metric highlights the platform’s significant role in the DeFi ecosystem and its robust growth trajectory.

Maker’s community-driven governance structure continues to attract a diverse array of stakeholders. The platform’s open governance model empowers users with a direct say in its future developments. Its transparent approach is a key factor in building trust and loyalty among DAI holders and the wider blockchain community.

Buying Maker with Different Payment Methods

Buying Maker with a Credit Card

Purchasing Maker (MKR) with a credit card is broadly accessible on numerous crypto exchanges. This method allows for quick transactions, but watch out for potential high fees and cash advance charges from your card issuer.

Buying Maker with a Debit Card

Using a debit card to buy Maker can be more cost-effective than a credit card since it typically incurs lower fees. Be sure to have adequate funds in your linked bank account to avoid declined transactions.

Buying Maker with Apple Pay

Apple Pay offers a seamless integration for buying Maker on some mobile-focused crypto platforms. With your card details already saved, the process is not only speedy but also secured with biometric confirmations.

Buying Maker with Paypal

PayPal has emerged as a convenient option for acquiring Maker, especially for users looking for ease-of-use and rapid processing. Remember to consider any transaction fees that PayPal may apply.

Buying Maker with a Bank Transfer

Opting for a bank transfer to purchase Maker is generally recommended for larger transactions. It’s cheaper in terms of fees but requires a longer processing time compared to card payments.

Keeping Your Maker Safe

Once you’ve acquired Maker (MKR), ensuring the security of your investment is critical. Safeguarding your digital assets from unauthorized access and potential cyber threats is a multi-step process that involves careful consideration of storage options. There are primarily two types of wallets to consider for storing your Maker: software and hardware wallets.

Software Wallets

Software wallets offer convenient access to your Maker with various degrees of security. These digital wallets are applications you can download to your computer or mobile device. Always opt for wallets with robust security features like two-factor authentication and regularly update the software to protect against new threats. It’s important to realize that while software wallets are more accessible, they are also more susceptible to malware and hacking.

Hardware Wallets

For enhanced security, hardware wallets are the preferred choice for long-term storage of your Maker. These physical devices store your MKR offline, significantly reducing the risk of cyber attacks. Top-rated hardware wallets like Ledger and Trezor are notable for integrating multiple layers of security. Remember, it’s essential to purchase hardware wallets directly from the manufacturer or authorized retailers to avoid tampered devices. With hardware wallets, you’re not only investing in a physical form of security but also in peace of mind.

Selling & Withdrawing Maker

Selling Maker (MKR) can be as straightforward as the buying process. You’ll typically start on the same exchange where you initially purchased MKR. Select the option to sell or trade your MKR, choosing the preferred currency you wish to exchange it for.

Most exchanges offer multiple withdrawal options, including bank transfers and transfers to other cryptocurrencies. It’s essential to check the fees associated with selling and withdrawing, as they can vary significantly between platforms.

When you decide to withdraw, the timeframe for the funds to reach your account depends on the exchange and the withdrawal method chosen. For instance, bank transfers may take several days, while cryptocurrency transfers can be quicker.

Remember to update your tax records if required, as selling cryptocurrencies can lead to capital gains which are taxable in many jurisdictions. Always review the current tax laws to ensure compliance and avoid potential penalties.

Maintain vigilance for potential scams when withdrawing funds. Use two-factor authentication and ensure you’re using secure and reputable services for any transaction.

Review the exchange’s withdrawal limits as they can affect how much you can withdraw at a time. Some exchanges enforce daily or monthly limits, especially for fiat currencies.

Is Maker a Good Investment?

Decentralized finance is on the rise and Maker, as a pioneering DeFi protocol, stands at the forefront of this financial revolution. Its utility and governance token, MKR, is tied to the well-regarded DAI stablecoin, reinforcing its position in the market. With its unique proposition, Maker offers a form of collateral-backed lending that is entirely on-chain, underpinning a powerful use case in the growing crypto ecosystem.

MKR tokens are scarce; there’s a limited supply, which can drive value as the DeFi sector expands. Moreover, as a governance token, holding MKR grants you a say in the future development of the Maker protocol. It’s not just a passive investment; it’s a stake in a future where decentralized finance could dominate.

Market volatility is inherent in crypto, and Maker is no exception. However, the long-term view appears robust for MKR, considering the ongoing adoption of DeFi platforms. The protocol’s proven track record, the consistent growth of its underlying assets, and its innovative approach to cryptocurrency-backed loans all bolster the argument for its potential as an investment.

Still, due diligence is key. Track the performance of MKR against broader market trends and correlate its price movements with updates in the Maker ecosystem. Success in crypto investing often depends on staying informed and adapting to new information.

Remember, any investment carries risk. Your strategy should be informed by your own research, risk tolerance, and investment goals. Keep an eye on regulatory shifts in the crypto space; they could influence the trajectory of all digital assets, including MKR.

Maker Price Predictions

When considering Maker’s future, price predictions can be a driving factor in your investment strategy. Maker (MKR) has exhibited significant volatility, a common trait in the cryptocurrency market, leading to various forecasts. Analysts often use a mix of technical, fundamental, and sentiment analysis to foresee where MKR might be heading. Be aware, however, that these predictions can vary widely and are often revised based on the latest market trends and developments.

Market experts look at past trends, the overall performance of the DeFi sector, and Maker’s role within it to make informed predictions. It’s important to keep in mind that the crypto market is highly speculative, and while predictions can give you a general direction, they’re not a guarantee. Here’s a snapshot of what some analysts are suggesting:

Source Short-Term Prediction Long-Term Prediction
Source A $2,500 by end of Q2 2023 $6,000 by 2025
Source B $2,300 by mid-2023 $4,500 by 2024
Source C $2,800 with upcoming updates $7,000+ if market sentiment remains positive

Remember that these figures should be just one component in your broader research. With advancements in the Maker protocol and shifts in global economic factors, the landscape can change rapidly. Stay updated on Maker’s progress and market tendencies to adjust your investment strategies accordingly.

Additional Info

Diving into the world of Maker has shown you the versatility and potential it holds within the decentralized finance landscape. Armed with the knowledge of how to acquire MKR through various payment options and the insight to secure it properly, you’re now well-equipped to navigate the Maker ecosystem. Remember, the dynamic nature of cryptocurrency requires a vigilant eye on market trends and an adaptable investment approach. Your journey with Maker doesn’t end here; it’s just the beginning of a savvy and informed path in the ever-evolving realm of digital assets. Stay curious, stay informed, and let your investments reflect your newfound expertise in Maker.

Maker (MKR)
Price
$3636.2160449424
24h Change
-1.0
7d Change
-2.9