How to buy Maker (MKR) in Canada

Maker (MKR) summary

Current price	$1,379.60
All-time high	$6,292.31
All-time low	$168.36
1-year price change	▼ -34.49%
Market cap rank	#null
Total volume (24h)	$0.23M
Max supply	1,005,577
Network	Ethereum
Where to buy MKR	Buy on Paybis

All monetary values in this table are in USD and were last updated on December 14, 2025.

How to buy Maker in 5 steps

The whole process of buying MKR can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these 5 steps to learn how to buy Maker in Canada:

1. Compare crypto exchanges

   The easiest way to buy Maker is from a cryptocurrency exchange. Choose an exchange that offers low fees, ease of use or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada or compare options below.

2. Create an account

   To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.

3. Make a deposit

   Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.

4. Buy Maker

   You can now exchange your funds for Maker. On beginner-friendly exchanges, this is as simple as searching for the coin name (Maker) or for its crypto code (MKR), entering the CAD or MKR amount you want to purchase and clicking "Buy".

5. Secure your Maker

   Consider transferring your MKR to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Dive deeper: Our full guide to how to trade crypto

Where to buy Maker in Canada

We've curated a list of legitimate crypto exchanges below where you can buy Maker in Canada to help you compare deposit methods, supported fiat currencies and fees.

Maker coin price

The Maker (MKR) coin price is $1,379.60 USD, which is +1.28% higher than the previous day's trading price of $1,362.13 USD. Over the past 30 days, MKR's price has changed by +5.30%, from $1,310.12 USD to the current price of $1,379.60 USD. Compared to this time last year, Maker's coin price has seen a decrease of -34.49%.

What was Maker's all-time high price?

Maker reached its all-time high price of $6,292.31 USD on May 3, 2021, which was a +3,637.41% increase from its previous all-time low price of $168.36 USD, which it reached on March 16, 2020. It has since landed at its current price of $1,379.60 USD.

Historical Maker price chart

You can use this chart to track MKR price performance over time.

Can I buy Maker in Canada?

Yes, you can buy Maker in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Maker—like the ones in our curated list above—and place a buy order. For example, Paybis supports Maker and is a registered crypto exchange in Canada.

Because Maker is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.

What is Maker?

Regarded as the first decentralised finance (DeFi) project in the world, MakerDAO is a lending and borrowing platform that eliminates the need for middlemen. It is built on Ethereum and makes use of smart contracts to automate all of its internal transactions as well as govern its associated stablecoin, DAI, which has its value pegged to the US dollar in a 1:1 ratio. MKR is the native cryptocurrency of the MakerDAO ecosystem and has one basic purpose – to help support the value of the DAI token, which is used in all of the platform's native lending operations. Furthermore, owners of the MKR token can also make key decisions and judgments pertaining to the ecosystem.

What will I need to buy Maker?

To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.

If you want to buy Maker with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.

This is a standard security procedure for most exchanges in Canada and requires you to upload some government-issued photo ID, and in some cases a selfie with today's date.

KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.

Can I buy Maker with a credit card?

Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Maker with a credit card, you should be aware of the additional cost and risks.

For instance, credit card fees are usually higher than bank transfers or e‑transfers. Some card issuers may even block cryptocurrency transactions or treat them as (more expensive) cash advances. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.

For example, if you were to use a credit card to buy Maker, you could end up paying this:

• Price of MKR: $1,379.60 USD
• Purchase amount: $100 USD worth of MKR
• Estimated exchange fee (3%): $3.00 USD
• Total cost: $103.00 USD

And if it took you three months to pay off your Maker purchase at the typical credit card interest rate of 19.99% APR, you would pay an additional $5.15 USD in interest on top of what you originally paid to buy Maker.

This example can help you compare the relative cost of buying Maker with a credit card versus other lower‑fee methods such as Interac e-Transfers.

You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Maker, or visit our guide on buying crypto with a credit card for more details.

Can I buy Maker with a debit card?

Yes, it is possible to buy Maker with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.

To buy Maker with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform, and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.

Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.

Is buying Maker crypto a good investment?

Below are the aspects you should consider before investing in MKR:

Trustless operations: The platform works without the need for users having to undergo any identity or credit checks. This is made possible via the deployment of a unique liquidation mechanism wherein the ETH being used as collateral to take loans is sold off in order to pay back the borrowed DAI - plus penalties and fees.

This prevents users from borrowing too much money from the system, thus allowing the platform to remain stable. Furthermore, in certain cases where the value of ETH dips a lot or a large number of liquidations are witnessed simultaneously, new MKR tokens are created and sold off in order to pay back any outstanding loans.

There should always be enough MKR tokens in supply to cover any liquidated loans

Novel stability mechanism: The total number of MKR tokens that are created or burned is largely dependent on how stable DAI is in relation to the US dollar. If, for example, the value of DAI is stable, then MKR is burned, reducing its overall supply ratio.

On the other hand, if DAI's value fluctuates too much from its 1:1 peg, then MKR tokens are created in order to introduce more stability into the system

Governance rights: MKR holders have the right to vote on a number of key governance decisions affiliated with the MakerDAO protocol. For example, owners have a say in things like how high the system's native fee rates should be as well as which assets should be accepted as collateral.

One MKR token directly equates to one vote within the ecosystem and thus users with large MKR holdings have a massive bearing on voting outcomes and subsequently on how the platform is governed

• Price volatility: Maker's price is largely based on speculation, meaning it can rise or fall quickly. For example, Maker's price has increased by 9.96% in just the last seven days.

• Transactions can't be reversed: Once you submit a transaction to the crypto network, it can't be cancelled or reversed. Double-check the receiving address before submitting a Maker purchase order or moving Maker off an exchange. One good way to do this is to verify the first and last four digits of the wallet address before sending. There is no way to refund Maker sent to the wrong address.

• Regulatory uncertainty: The regulatory environment for Maker and other cryptocurrencies is constantly changing. It's important to understand how international rulings have the potential to impact Maker's future—for better or worse.

Dive deeper: Common crypto scams and list of legit exchanges in Canada

Where to store your Maker once you buy it

There are two main options for storing Maker once you've bought it—keeping it on an exchange, or storing it in your own personal wallet. Take a look at our full guide to the best crypto wallets in Canada to see our top picks.

While it can be more convenient to leave your Maker on an exchange, that opens you up to risk in the event the exchange is hacked or compromised in another way.

It's generally much safer to store your any crypto you own on a software or hardware wallet, which gives you full control and custody of your coins.

How is Maker taxed in Canada?

Like all crypto, Maker is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to how other investments, like stocks and ETFs, are.

Money you get from selling Maker can be treated as income or as a capital gain. That said, the CRA will tax crypto profits differently if you're a casual Maker buyer as opposed to whether your crypto profits are classified as business income.

You can learn more about how crypto taxes work in our full guide to crypto tax in Canada.

Bottom line

Keep in mind that buying Maker can be risky. But if you decide to invest in Maker, look for a regulated crypto exchange in Canada that supports MKR and make sure to store your crypto securely.

Once you've bought Maker, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Maker's price over time to help decide whether to keep it on an exchange, sell it or move it to your wallet.

Frequently asked questions about buying Maker in Canada

• How do I buy Maker instantly?

  You can quickly purchase Maker on trading platforms such as Kraken or Paybis. If you already have a funded account with an exchange like this, then you can buy Maker instantly.

  Otherwise, many crypto exchanges also offer an "instant buy" feature using a credit card. However, be warned that this comes with higher fees and other added risks. Use our list of exchanges to look for a platform that offers various types of deposits to get started.

• What is Maker worth today?

  Maker is currently worth $1,379.60 USD today. For some context, it was worth -34.49% less a year ago.

• How are crypto exchanges regulated in Canada?

  Crypto exchanges operating in Canada are required to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This agency safeguards the Canadian financial system by working to prevent money laundering, terrorist financing, and other financial crimes.

  Many crypto trading platforms in Canada have taken the added step of registering with the Canadian Securities Administrators (CSA), which creates and enforces policies designed to help protect investors from unfair and fraudulent market activity.

  Exchanges that are registered with the CSA and FINTRAC are:

  • Subject to federal regulation and laws
  • More likely to offer regional customer support
  • More likely to support CAD transactions and local payment methods like EFTs and bank transfers