How to buy Maker | Buy MKR in 3 steps | finder.com

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How to buy Maker (MKR)

A beginner's guide to buying and selling MKR in the US.

How to buy Maker

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

  1. Open an account on an exchange that supports MKR.
    Most exchanges require an email address, phone number and proof of ID to register.
  2. 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 Maker.
  3. Buy Maker.
    Complete your Maker purchase and then find the best wallet to store MKR.
The whole process can take as little as 15 minutes.
Disclaimer: This information is not advice to buy cryptocurrency, a recommendation for Maker or an endorsement of any particular provider or service. Talk with a financial professional before any investment or purchase.

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.

Maker (MKR) is the 43rd largest cryptocurrency in the world by market cap, valued at $3,529,417,649. The current price of Maker is $3,925.190, which is 15.325% higher than yesterday. Prices have ranged between $3,920.340 and $3,381.930 over the past 24 hours. All prices are listed in US dollars and accurate as of April 21, 2021 05:04 UTC.

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.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

50
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

67
cryptocurrencies

Finder Exclusive: Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

26
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

49
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
ZenGo Cryptocurrency App
ZenGo Cryptocurrency App
Bank transfer (ACH)
USD

48
cryptocurrencies

Take advantage of ZenGo's unique self-custody system to buy, sell and spend and earn cryptocurrency in your own wallet.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
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Maker coin price

Use our graph to track the performance of MKR over time.

Maker at a glance

Information last updated April 21, 2021 05:04 UTC.
Coin symbol MKR
Total MKR supply 995,239
Circulating MKR 901,683
Current price US$3925.19
All time high US$4,102.110
All time high date April 15, 2021

Maker price performance over time

Historical prices compared with the price of US$3,925.19.

1 hour 0.61%
24 hours 15.32%
7 days 51.54%
14 days 70.95%
30 days 86.52%
60 days 52.37%
200 days 608.97%
1 year 1,211.30%

How to sell Maker

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

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

What to consider when buying Maker

  • 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.

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

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