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How to buy Maker (MKR)

Learn how to buy Maker (MKR) in our step-by-step guide.

OFFER

eToro USA LLC Cryptocurrency Trading

Trade MKR and 79 other cryptos.
Secure, reliable platform with no recorded hacks.
Get $15 when you sign up and buy $100 of crypto. T&Cs apply.

Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

{"id":"maker","active":null,"symbol":"mkr","name":"Maker","marketRank":"45","releaseDate":"2017-11-25","consensusMethod":null,"algorithm":"null","mineable":null,"targetFiat":null,"marketCap":"2755948092","price":"2983.27","change24h":"81.74","percentChange24h":"2.81723","priceTimestamp":"2024-04-27T22:28:53.428Z","ohlcStart":null,"ohlcEnd":null,"ohlc0":null,"ohlc1":null,"ohlc2":null,"ohlc3":null,"ohlc4":null,"ohlc5":null,"ohlc6":null,"ohlc7":null,"customIntro":"Regarded as the first decentralized 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 \u2013 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.","customVerdict":"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.","customTeamMembers":"Rune Christensen","customPartnerships":"Digix, L4 Ventures, Andreessen Horowitz","customTokenUses":"Governance","customIndustry":"Stablecoins","customNetwork":"Ethereum","customSourcebox":"","image":null,"dataType":null,"maxSupply":"1005577","totalSupply":"977631.036950888","circulatingSupply":925123.914033971,"totalVolume24h":101269552,"high24h":"3002.94","low24h":"2829.42","atl":"168.36","atlDate":"2020-03-16T20:52:36.527Z","atlPercentChange":"1669.08646","ath":"6292.31","athDate":"2021-05-03T21:54:29.333Z","athPercentChange":"-52.66621","percentChange7d":"-4.12119","percentChange14d":"13.82568","percentChange30d":"-17.97486","percentChange60d":"38.45204","percentChange200d":"116.96553","percentChange1y":"322.73447","marketCapChange24h":"59867067","marketCapPercentChange24h":"2.22052","percentChange1h":"0.54016","developments":"December 2021*MKR tokens were added to cryptocurrency trading platform tZERO.*https:\/\/finance.yahoo.com\/news\/tzero-crypto-app-adds-three-210000493.html|April 2021*Maker token holders voted for MakerDAO to secure real estate as collateral for loans on the platform.*https:\/\/www.coindesk.com\/markets\/2021\/04\/21\/maker-price-passes-4k-for-first-time-as-makerdao-brings-real-estate-to-defi","website":"Finder.com","tableCode":"cff606a1-8c7d-4fa5-a2eb-56526f40c7d7","locale":"en_us","country":"the US","curName":"US dollar","curCode":"USD","curSym":"$","alise":"alize","mise":"mize","isation":"ization","iarise":"iarize","vour":"vor","okenised":"okenized","url":"\/","facebookLikes":null,"redditAccountsActive48h":null,"redditAverageComments48h":null,"redditAveragePosts48h":null,"redditSubscribers":null,"telegramChannelUserCount":null,"twitterFollowers":null,"fcyProducts":["27a1d51c-5114-4e22-bf0c-4cc0ec165377","70159169-0a75-48d2-aee4-ac739c63a529","c9bdb576-482b-4863-98d2-3ede1954dddd","875c8797-3d15-498f-9e7c-22043d4f9c3f","758d1778-c3a4-47f5-8030-103db4e8da64","2f9b3c97-a62a-4fcc-88a5-31243b557c23","e8d983e4-41a6-40fc-97f3-fbc09d9429b5","3d3e6b96-15b6-43f1-a463-70fe53a6a1c4","a5c8f640-54d3-409e-a4eb-fc7c00c660bf","16a9263c-4ece-4e62-82a9-ed51113e5308","ea9d5b5c-1b53-48c9-82d4-02a72d33f0d5","a28659d2-adb9-42aa-a632-96d138c28da1","00488f6a-8a30-4a21-b9a0-54a12b399f69","9f5bc26d-a586-409d-a8ff-7127dd39baed","a87b6086-393c-4482-9310-646fa42be2f5","77d72b8a-ee98-48d5-8e81-0e3452964d86","78f7a866-e4be-464b-949c-b954f417c33e","879e9de2-d322-451c-809f-17d9fa3c0e88"],"tableCheck":"tableTrue","assetPlatform":"ethereum","nontable":"","chartTest":"no","technicalTest":"no","tradingSymbol":"mkrUSD"}

Maker (MKR) is in the top 1,000 cryptocurrencies by market cap, valued at $2,755,948,092.

Maker is a highly volatile asset capable of major price swings in a single day. Today MKR is trading for $2,983.27, which is slightly up from yesterday's trading price of $3,069.75. Maker's seen an increase of 323% over the past year.

So before you buy Maker, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Maker.

How to buy Maker in 5 steps

The whole process 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.

Compare crypto exchanges
The easiest way to buy Maker is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Maker
You can now exchange your funds for Maker. On beginner-friendly exchanges, this is as simple as entering the USD or MKR amount you want to purchase and clicking "buy".
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.

Where to buy Maker

Find an exchange to buy, sell and trade MKR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 9

Name	Product	Deposit methods	Fiat currencies	Cryptocurrencies	Offer	Disclaimer	Link
OFFER eToro USA LLC Cryptocurrency Trading eToro USA LLC Cryptocurrency Trading Finder Award	OFFER	Bank transfer, Debit card, PayPal, Wire transfer	6	80	Get $15 when you sign up and buy $100 of crypto. T&Cs apply.	Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.	Go to site Capital at risk View details	Compare	loading Fetching your data...
OFFER Uphold - Digital Asset Platform Uphold - Digital Asset Platform	OFFER	Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay	27	274	Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.	Terms apply. Cryptoassets are highly volatile. Your capital is at risk.	Go to site Capital at risk View details	Compare	loading Fetching your data...
Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange Finder Award		Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking	6	235			Go to site Capital at risk View details	Compare	loading Fetching your data...
OFFER Gemini Cryptocurrency Exchange Gemini Cryptocurrency Exchange	OFFER	Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT	7	141			Go to site Capital at risk View details	Compare	loading Fetching your data...
Paybis Cryptocurrency Exchange Paybis Cryptocurrency Exchange		Bank transfer, Credit card, Debit card, Neteller	42	357		US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.	Go to site Capital at risk View details	Compare	loading Fetching your data...

Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

How we keep this Maker guide up-to-date

MKR price data is regularly updated through data feeds so you always have the latest information.
Maker performance data is regularly updated using automated comparisons.

How do I find the best places to buy Maker?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Maker?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Maker.

This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MKR with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Maker?

Once you've created an account, you will need to deposit funds to buy MKR with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy MKR:

Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase MKR by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MKR on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Maker?

The easiest way to buy MKR is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Best Maker wallets to store your MKR

You can keep your MKR on the exchange you purchased it on, or move it to a personal wallet:

Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MKR below.

Trezor Model T Wallet
★★★★★ 4

Price (USD)

$179

Supported assets

9,000+

Go to site

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)

$149

Supported assets

5,500+

Go to site

SafePal S1 Wallet
★★★★★ 4

Price (USD)

$49.99

Supported assets

30,000+

Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Maker 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.

Today's Maker price versus ATH

Compare today's price of Maker ($2,983.27 USD) against its all-time high (ATH) price of $6,292.31 on May 03, 2021. The closer the bar is to 100%, the closer MKR is to reaching its ATH again.

Current price: $2,983.27

All time high: $6,292.31

47%

52%

How do I trade, convert or sell Maker?

You can convert or sell your MKR with the same exchange you bought it through:

Sign in to the exchange you have MKR on.
If you store your Maker in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of MKR you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Maker.
Complete your transaction and move your MKR to a wallet for storage.

How to buy other cryptos

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name	Deposit methods	Fiat currencies	Cryptocurrencies	Disclaimer	Link
eToro Cryptocurrency Trading eToro Cryptocurrency Trading	Bank transfer, Credit card, Debit card, Neteller, Skrill	18	78	Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.	Go to site Capital at risk View details	Compare	loading Fetching your data...
Binance Cryptocurrency Exchange Binance Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, P2P	71	370		Go to site Capital at risk View details	Compare	loading Fetching your data...
KuCoin Cryptocurrency Exchange KuCoin Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P	50	743		Go to site Capital at risk View details	Compare	loading Fetching your data...
Bybit Cryptocurrency Exchange Bybit Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, P2P	73	279	Disclaimer: Highly volatile investment product. Your capital is at risk.	Go to site Capital at risk View details	Compare	loading Fetching your data...
Gate.io Cryptocurrency Exchange Gate.io Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card	8	1607		Go to site Capital at risk View details	Compare	loading Fetching your data...
Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT	8	222		Go to site Capital at risk View details	Compare	loading Fetching your data...
OKX Cryptocurrency Exchange OKX Cryptocurrency Exchange	Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)	35	338		Go to site Capital at risk View details	Compare	loading Fetching your data...
Paybis Cryptocurrency Exchange Paybis Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, Skrill	42	38	US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.	Go to site Capital at risk View details	Compare	loading Fetching your data...
Coinbase Digital Currency Exchange Coinbase Digital Currency Exchange	Bank transfer (ACH), Credit card, Debit card, PayPal, Wire transfer	3	256		Read review Capital at risk View details	Compare	loading Fetching your data...
Changelly Crypto-to-Crypto Exchange Changelly Crypto-to-Crypto Exchange	Credit card, Cryptocurrency	58	391		Capital at risk View details	Compare	loading Fetching your data...
Bitfinex Professional Trading Exchange Bitfinex Professional Trading Exchange	Credit card, Cryptocurrency, Bank Wire	4	243		Go to site Capital at risk View details	Compare	loading Fetching your data...
Huobi Cryptocurrency Exchange Huobi Cryptocurrency Exchange	AdvCash, Cryptocurrency, Wire transfer, SWIFT	27	606		Capital at risk View details	Compare	loading Fetching your data...
Bitstamp Bitstamp	Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)	2	77		Capital at risk View details	Compare	loading Fetching your data...

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How to buy Maker (MKR)

Learn how to buy Maker (MKR) in our step-by-step guide.

How to buy Maker in 5 steps

Where to buy Maker

How we keep this Maker guide up-to-date

How do I find the best places to buy Maker?

What will I need to buy Maker?

What are the best ways to buy Maker?

What is the easiest way to buy Maker?

Best Maker wallets to store your MKR

Is Maker a good investment?

Today's Maker price versus ATH

How do I trade, convert or sell Maker?

How to buy other cryptos

Select an option to continue

More guides on Finder

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