If you're merely looking for ways to buy Maker (MKR) or you want to invest in a variety of coins, it is not nearly as difficult as it appears at first glance. You could make your MKR purchase safely by following a few simple steps. There are several platforms through which to purchase Maker. The most popular alternatives include cryptocurrency exchanges. You'll be able to choose the best one for you once you've learned more about them. Let’s dive into it to learn more about the process.
Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Maker (MKR) in 2022.
Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Maker.
Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Maker (MKR) on Coinbase Exchange using our step by step guide.
The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.
It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.
Follow our step by step guide below to start buying Maker (MKR) on Coinbase Exchange:
1. Log in to your Coinbase account.
2. On the upper right-hand side, click Buy / Sell.
3. Select Maker from the list of cryptocurrencies and click the Buy button.
4. Enter the amount you want to buy in MKR or your local money.
5. Choose a payment method (Credit card, Bank Transfer or Crypto).
6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).
7. If all of the information is accurate, click Buy to complete your transaction.
OKX is clearly one of the more prolific exchanges on the market. However, the platform's past conduct, particularly how it handled its own users, has been recognized, and it would be smart to anticipate better behavior in the future.
Aside from that, OKX provides a one-stop shop for cryptocurrency trading and investment. OKX costs are in accordance with industry norms, and the exchange claims that it has never been hacked, despite reports to the contrary circulating on multiple occasions.
At the end of the day, OKX is a top 30 exchange with plenty of liquidity - clearly, the exchange is doing something well since it is there.
Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.
Step 1: Go to OKX official website and click the Sign up button.
Step 2: Enter your personal information and email with a secure password.
Step 3: Click the create account button after checking the box at the bottom of the form.
Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.
Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.
Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.
Follow our step by step guide below to start buying Maker (MKR) on OkX Exchange:
1. Log in to your OKX Account.
2. Under the "Buy" tab, choose the fiat currency you wish to use and Maker from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Maker (MKR) you want to purchase.
3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).
4. Your bought Maker will be instantly deposited to your OKX account after payment is completed.
Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.
Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.
Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.
Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.
Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.
1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.
2. You can purchase Maker (MKR) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Maker you can acquire.
3. Select the payment method and fill the required information than Continue.
4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Maker you may get will be adjusted depending on the current market price.
5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired MKR in your Binance Spot Wallet immediately.
Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy MKR.
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Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Maker (MKR) easily.
Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.
The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.
Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.
In this section, we'll go through below steps on how to make your first Maker purchase on Uniswap.
Uniswap allows you to buy Maker (MKR) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).
Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.
Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case Maker), You can also search Maker (MKR) in Coinmarketcap and copy/paste the MKR contract in uniswap.
Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.
Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.
Choosing the best cryptocurrency platform for Maker (MKR) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.