Where & How to Buy Maker (MKR) for Beginners in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Visit site

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

The safest and easiest way to buy Maker is through 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 quickly in 3 steps

To get 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 a crypto platform

Copy link to section

Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 10 crypto platforms for users based in

Sort by Recommended Minimum Deposit Safest Platforms User Rating

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3.9

Kraken

Min. Deposit $10

Fees 0.10% – 0.26%

No. assets 90+

Demo account Yes

Visit site

Kraken review

4.4

Paybis

Min. Deposit $4

Fees Variable

No. assets 90+

Demo account No

Visit site

Paybis review

Step 2. Make a deposit

Copy link to section

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Maker token

Copy link to section

Locate the search box and type MKR. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Maker tokens! Not a big deal, right?

The easiest way to buy MKR

The overall best platform to buy Maker for beginners is eToro .

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

Read more about how we rate, rank and review platforms.

Best exchanges to buy Maker (MKR), reviewed

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

Copy link to section

4.5

Ratings

$100

Min. deposit

From 1 pip

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

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

Read review Visit eToro

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Kraken: Best for simple, global cryptocurrency trading from your phone

Copy link to section

3.5

Ratings

$10

Min. deposit

0.10% – 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

3. Paybis. Best crypto platform for choice of payment methods

Copy link to section

4

Ratings

$4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

No. of tradable assets	90
Min. Deposit	$4
ID verification required	Yes
Free demo account	No
Supported assets	Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	MAS, FinCEN

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	No

Pros & Cons

Low fees when buying or selling crypto Easy to navigate interface Excellent customer support functions

Fewer cryptocurrencies compared to other platforms Limited trading tools

Read review Visit Paybis

4. OKX. Best for futures and margin trading

Copy link to section

4

Ratings

$-

Min. deposit

…

Fees

–

No. assets

No

Demo account

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.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Stake ETH to freely mint NFTs & win 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

Read review Visit OKX

How to trade MKR

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

1. Monitor the price: For simplicity, 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.
2. Open a trade: You trade one USDT for one MKR ($1 USD for 1 MKR).
3. Continue to monitor the price: The following month, one MKR token is now worth $2, a 100% increase.
4. 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 is not so easy. You need to spend countless hours learning to trade, reading charts and technical patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.

What is the best way to invest in 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 a 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 Automated Clearing House (ACH) in the US Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy Maker with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option. However, you can find here the best crypto exchanges that accept PayPal.

• 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, though, so check what’s accepted before you sign up.

How do I store Maker (MKR)?

Most people keep their crypto on the exchange they used to purchase 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.

Should I buy Maker now?

The answer depends on the current price and your own investment goals. Put simply, purchasing Maker, selling Maker, and trading MKR are all the exact same process in literal terms. It’s just your personal investing intentions that define 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 a coin long-term in the hopes of larger profits. In this sense, any time is a good time to trade 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. Instead, 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 MKR, then a good time to purchase Maker is on any significant 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.

How has Maker (MKR) performed this year?

The current Maker price today is $1,399.87, which is -77.92% versus its all time high of $6,339.02, which it reached on 03 May 2021. MKR is -54.92% this year, with a 52-week high of $3,323.21 and a 52-week low of $197.77. 

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

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.

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.

FAQs