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How & Where to Buy Maker A Step-by-Step Guide to Buying MKR

Congratulations! You can buy Maker directly with cash at Gemini.

  1. Sign up at our one of our top-ranked Maker exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy MakerMKR

Read on for detailed instructions below on where and how to buy Maker and you will be a MakerMKR owner in no time at all.

  1. STEP 1Register at a MKR Exchange

    Best Maker (MKR) Exchanges

    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      44

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Maker MakerMKR quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy MKR with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for MKR.

Frequently Asked Questions About Buying & Selling Maker (MKR)

How do I Buy MKR with Crypto?

If you want to buy MKR with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Maker (MKR)?

To sell MKR, simply reverse the buying process described above. You will likely need to trade your MakerMKR into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Maker Research Center

Maker Technical Details & Statistics

Tokenomics
  • Market Rank37
  • Market Cap2,518,569,774
  • Circulating Supply991,328
  • Total Supply991,328 MKR
  • Max Supply1,005,577
Yesterday's Trading
  • 24 HR Volume99,340,221 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Maker?

Maker (MKR) is an Ethereum-based utility and governance token that runs on the Maker smart contract platform. MKR is used to stabilize another cryptocurrency called Dai through “a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.” Holders of Maker vote upon adjustments to the platform in order keep Dai pegged to the value of 1 USD, and to keep the system solvent. If the Dai fund cannot remain solvent, new MKR tokens are printed and sold to fund the Dai system.

Through the Maker platform, anyone can leverage Ethereum-based assets to make Dai, letting the system hold them until the debt is paid off in an equal amount of Dai. Another function of Maker is to provide leverage and liquidity for the ERC20 exchange OasisDEX, which sells Maker and Dai among other Ethereum-based tokens.

History of Maker

Maker was announced in August 2015 as the “first tradeable token on the Ethereum network.” It raised funds by issuing MKR tokens for BTC and ETH through its own exchange, before the launch of the Maker platform in April 2016. Project lead Rune Christensen set out to create a “centralized decentralized” bank for Ethereum, the cornerstone of which would be an asset pegged to the US dollar. This asset became known as the Dai and was released in December 2017. Maker has attracted institution-scale investors, leading to hefty increases in price that gave it a multi-billion-dollar market cap only a few weeks later.

How Maker Works

The Maker platform operates according to the principles of a DAO, or digitally autonomous organization. This implies that a degree of artificial intelligence is used to control Maker’s ability to regulate itself and stabilize the value of the Dai. The process of stabilization also has a human element, in that a board of holders meets on a weekly basis to discuss actions to be voted upon and implemented by the network at large. These “Governance Meetings” have been in effect since the creation of Maker and are seen as largely responsible for guiding the coin towards success.

The Maker platform can be used by anyone to generate Dai by depositing collateral assets into the system in exchange for Dai. The assets are then released back to the holder after the debt has been paid off, plus proportional fees required to stabilize the Dai. It does this by issuing Collateralized Debt Positions through use of smart contracts that are generated using a system of dynamic risk parameters. In essence, Maker is half-AI and half-human, attempting to adapt the best qualities of both man and machine into blockchain functionality.

Why Maker?

  • Novel, prediction/DAO platform built on top of the Ethereum blockchain
  • Long history with Ethereum, dedicated team and community
  • Provides a “decentralized bank” for Ethereum and ERC20 tokens
  • Governs the stability of USD-pegged asset, Dai
  • Holders are rewarded for proper guidance of Dai stability