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How & where to buy Maker (MKR) online

Use our step-by-step guide to learn how and where to buy Maker on the top 5+ crypto exchanges.

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Updated: May 11, 2023

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Maker tokens are available on a cryptocurrency exchange, which functions similarly to a stock trading platform. It takes just a few minutes to buy Maker this way. Follow our quick step guide below.

How to buy Maker instantly in 3 simple steps

To buy Maker, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to eToro

eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

Step 2. Make a deposit

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.

Step 3. Buy Maker token

Type MKR into the search box, then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own Maker tokens! It’s as simple as that.

Where to buy MKR easily

The overall best exchange to buy Maker token for beginners is eToro . Maker is also available on lots of other cryptocurrency exchanges.

Here are the top three places to buy Maker, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Best exchanges to buy Maker (MKR), reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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1500

No. assets

$10

Minimum deposit

Crypto

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Visit eToro eToro Review

77% of retail CFD accounts lose money.

2. OKX. Best for futures and margin trading

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...

No. assets

$50

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Visit OKX OKX Review

3. KuCoin. Best social trading altcoin exchange

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No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Visit KuCoin KuCoin Review

How to trade MKR

You can trade Maker on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how MKR crypto trading works:

Monitor the price: Let’s say the price of MKR/USDT is $1. You read the price charts and decide that now is a good time to start purchasing MKR.
Open a trade: You trade one USDT for one MKR ($1 for 1 MKR).
Continue to monitor the price: The next day, one MKR token is now worth $2, a 100% increase.
Close your trade: You trade your MKR token back to USDT for $2.

In this example, you buy and sell Maker, doubling your money (trading). While the steps are simple, executing them in a profitable way takes more work. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.

What is the best way to pay for Maker (MKR)?

The simplest way to buy Maker cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for MKR.

Buy Maker with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

Buy Maker with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).

Buy Maker with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.

Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, so check what’s accepted before signing up.

How do I store Maker (MKR)?

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Maker then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet or a safe, where you take responsibility for it yourself. Two of the best Maker wallets to use are MetaMask and the Ledger Nano S.

Is Maker (MKR) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Maker and its token to help you decide whether to invest in MKR.

Maker helps make traditional financial services available in the crypto world. Maker is part of MakerDAO, which is a platform that lets people access financial services in cryptocurrency that are normally only available through traditional banks.
The key part of the system is a different cryptocurrency known as DAI. Owning the Maker coin is a little like owning a stock in the system. You have the right to vote on issues that affect the platform’s future, but it doesn’t have too many uses in its own right.
MKR helps support DAI. Maker’s role is to support and protect DAI’s value, which is meant to be the same as the US Dollar. That is, one DAI token equals $1. That means that Maker’s performance can be affected by a wide range of factors outside of its control, particularly confidence in the DAI coin. You should only invest if you’re comfortable with that and fully understand Maker’s role.
The MakerDAO system has been one of the most successful DeFi projects. It got into the game early – the idea first came about in 2014, and the platform launched in 2017 – so it had a step on the competition. That helped it establish itself before many newer DeFi projects had even launched.
MKR holders can vote on the future of the network. Owning MKR tokens gives holders the right to vote on proposals related to the future development of the Maker protocol.
You can earn rewards for simply holding MKR coins. One of the benefits of owning MKR is the ability to stake your coins. This means you can earn passive income through rewards from your investment.
There is a limited supply of MKR coins. Like similar projects, Maker has a limited supply of tokens. This may increase scarcity in the future and fewer coins will be available, which should increase its value.
There are lots of similar projects available. Moving forward, the question is whether it can continue to stay ahead of the competition. There are now many DeFi projects with their own cryptocurrencies, offering the ability to lend, borrow, and save on the blockchain.

Use this quick summary of pros and cons to compare Maker with other, similar projects.

Pros

Maker is part of a successful, alternative financial system already
You can use Maker as a way to invest in the future of DAI, one of the most popular stablecoins on the market
Maker owners can help decide on important changes to the system, such as the savings rate and how much risk to take on

Cons

Maker doesn’t have many uses in its own right
The value of your investment depends on the success of a different coin

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has Maker (MKR) performed this year?

The current Maker price today is $761.72, which is 88.14% below its all time high of $6348, which it reached on 03 May, 2021. MKR is up 50.36% this year, with a 52 week high of $2511 and a 52 week low of $502.

Is now a good time to buy Maker?

The answer depends on the current price and your own investment goals. Put simply, buying Maker, selling Maker, and trading MKR are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Maker.
As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Maker and its decentralised aggregator platform, then a good time to purchase Maker is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Maker and selling it the next day probably isn’t why you’re here either.

Regardless, closely following MKR price news & analysis will help you decide when to pull the trigger:

Latest Maker news

Maker (MKR) price displays stability amid elevated user activity

Maker (MKR) has displayed steady growth over the past few months. Analytic platform Santiment shows the crypto recorded increased user participation, with active addresses hitting 10-week peaks. Santiment explained that augmented addresses indicated more users joining the Maker platform. Further, th

MKR/USDT’s soaring potential: A buying opportunity at hand

MKR/USDT chart and technical analysis Maker tether is recovering from a months-long bearish trend and the market structure is turning bullish after the price made consecutive higher highs. Recently price retested the major daily supply area of $136,5 and currently, it is making a downward correction

Chainlink, Maker, Synthetix prices rise as the fear and greed index retreats

Cryptocurrency prices remained on edge this week as the fear and greed index moved to the neutral point of 55. Bitcoin moved below $30,000, signaling that the industry is seeing mild demand. Ethereum, the second-biggest crypto in the world, also remained below $1,900. Still, several altcoins like Ch

New MakerDAO proposal seeks to raise savings rate to 3.33%

Five months after raising the DAI savings rate (DSR) to 1%, the MakerDAO community is expected to soon vote on a new proposal that seeks to increase the DSR further to 3.33%. The last rate hike saw 35 million DAI stablecoins deposited in a span of a month and if the new proposal is to […]

MakerDAO’s MKR price forms rare pattern amid a debt ceiling rise

Maker (MKR/USD) price formed a double-top pattern as a vote on capital deployment continued. The MKR token retreated to a low of $855.36, the lowest point since March 3 of this year. It has plunged by about 12.1% from its highest level this year. Maker to buy more bonds Maker is the second-biggest p

MakerDAO approves custody of $1.6 billion USDC via Coinbase Prime

The MakerDAO community has approved a proposal that will see the crypto protocol custody as much as $1.6 billion USD Coin (USDC) with cryptocurrency exchange Coinbase. The USDC will be held via Coinbase’s institutional custody platform Coinbase Prime, and offer a yield of 1.5%, with custodied

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