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Buy Maker (MKR)


Maker is the utility and governance token and recapitalization resource of the Maker blockchain system. It is required for paying the fees for the generation of another token in this blockchain – the Dai. It is also used as a governance token and allows its holders to vote on business decisions for the development of the Maker system.


As far as we are aware, the Maker token cannot be used outside the Maker blockchain and cannot serve as a payment for goods and services, but if you want to buy some for whatever reason, this is what you should do:


How to buy Maker


1. Buy Maker with cryptocurrency. If you have another cryptocurrency like Bitcoin or Ether, you can use it to buy Maker with it. If you don’t have any, you have to get that first on a cryptocurrency exchange. A good choice is Coinbase, which is a large and regulated exchange. Its services are available in over 30 countries. The biggest advantage is the option to buy Bitcoin or Ether instantly with a credit or debit card, for a fee of only 4%. There also other fiat currency funding options like bank transfer and even PayPal, but it is available only in some countries.



>>Buy Bitcoin at Coinbase<<



2. Open an account with an exchange where you can buy Maker for another cryptocurrency. There are not many of those, actually. Here is their list: GateIO, Okex and Bibox.


3. After you are all set with the exchange of your choice, you should transfer the Bitcoin or Ether and buy Maker.


You can also buy Maker with fiat currency. This would be a simpler and more straightforward method, if only a cryptocurrency exchange was offering this option. Unfortunately, for now this is not the case and you have to stick to the procedure described in this guide.


Once you have your Maker coins, we strongly advise to move them from the exchange and store them in your own offline e-wallet. It is safer, as hackers often target (successfully) the exchanges to steal their coins. There are a few wallets that support the Maker coins and any would do, depending on your needs: MyEther Wallet, Parity, Trezor, MetaMask and Ethereum Mist DApp.


In theory you could also speculate on the price of Maker without owning it by trading in CFDs on the altcoin. Many large and well-regulated brokers are offering such instruments on cryptocurrencies for leveraged trading. It has its advantages as you do not have to go through the opening of accounts with several exchanges and, generally, dealing with properly regulated companies is less risky. But the forex brokers are offering CFDs on only some of the major and more popular cryptocurrencies and Maker is not among them.  



Buy Maker (MKR)

Broker Country Deposit Fees Trading Fees Review
China Crypto only, free 0.03% Review
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Malta, US gas 0.15% Review
China - 0.15% Review

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