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How to buy DAO Maker (DAO) in the US

Learn how to buy DAO Maker (DAO) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

DAO Maker
DAO- USD
$2.80
- $0.95 ( - 25.22%)
DEFI

How to buy DAO Maker

1. Compare crypto exchanges

The easiest way to buy DAO 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.

2. 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.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are all widely accepted.

4. Buy DAO Maker

You can now exchange your funds for DAO Maker. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your DAO Maker to your personal wallet.

Where to buy DAO Maker

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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

494
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

962
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Compare up to 4 providers

Steps on how to buy DAO Maker

Look for an exchange that supports both fiat and cryptocurrency to simplify buying DAO Maker.

  1. Compare cryptocurrency exchanges that supports DAO.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy DAO Maker.
  4. Buy DAO Maker.
    Complete your DAO Maker purchase and then find the best wallet to store DAO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying DAO Maker

Before buying speculative assets such as cryptocurrency, it’s important to do research to make sure you understand the key features of the coin and consider the investment case as well as the use case since the risks involved are high.
  • Governance. As an MKR holder, you can make decisions about the Maker Protocol. For example, you can adjust policy for the Dai stablecoin and choose new collateral types. According to CoinDesk if the collateral is not enough to cover the DAI in existence, MKR is created and sold to raise additional capital. This incentivizes MKR holders to responsibly regulate the parameters of DAI and not approve loans against poor collateral.
  • Dai vs MKR. Unlike Dai, which is a stablecoin pegged to the US dollar, MKR has a volatile price and is an investment in MakerDAO. As a Dai holder, you can earn interest on your Dai as long as it is locked in the smart contract system. MKR holders can raise or lower the interest rate or the DSR to influence demand for Dai.
  • Supply. At its inception, there were 1 million MKR tokens. These tokens are created and destroyed depending on different situations. For example, MKR tokens will be destroyed when the Maker Protocol’s system surplus exceeds a minimum threshold, resulting in excess Dai being auctioned for MKR. When the Maker Protocol is running a deficit, MKR will be created and auctioned for Dai.

How to sell DAO Maker

You can cash out your DAO with the same exchange you bought it through:

  1. Sign in to the exchange you have DAO on.
    If you store your DAO Maker in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of DAO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of DAO Maker.

Disclaimer: Cryptocurrencies, including DAO Maker, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DAO 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 DAO Maker or any other cryptocurrency discussed.

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