How to Buy Maker (MKR)
Are you looking to help operate and maintain the DAI stablecoin?
The Maker Protocol leverages the Ethereum blockchain to operate the MKR cryptocurrency, a token used to govern how changes to the software that keeps DAI operating are made. For example, MKR token holders can vote on which cryptocurrencies can be locked and collateralized in the Maker protocol to access DAI. Among other use cases, users can buy Maker (MKR) to vote on Maker protocol updates.
Ready to buy MKR?
If you just want to start buying MKR right away, click the button below to begin.
Why buy Maker?
If you want to play a role in determining key decisions on how the Maker Protocol operates, then you might be interested in purchasing MKR.
You may also want to consider buying Maker (MKR) if you want to:
- Diversify your overall crypto investment strategy
- Lend MKR to a liquidity pool and earn more cryptocurrency
- Invest in decentralized lending and borrowing platforms
- Stake MKR to participate in the Maker protocol platform’s governance
- Support the development of stablecoin applications on the Ethereum blockchain.
Where can I buy MKR?
There are a number of ways to buy MKR, including purchasing it through a trusted global exchange like Kraken.
Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world while also offering the lowest fees in the industry. This matters because if you self-custody your crypto assets and lose the private key to your MKR, it can be challenging, if not impossible, to recover your funds.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
What is the minimum MKR order size?
Kraken offers a minimum order size of 0.002 MKR to help you purchase Maker if you are on a budget, as well as help you gain exposure to a variety of cryptocurrencies.
Of course, you can also execute larger MKR buy orders as well, and it isn’t out of the ordinary to purchase or trade 100 MKR or more on Kraken.
How to buy Maker (MKR)
Follow the steps below to start buying MKR on Kraken:
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can deposit crypto to buy MKR and other cryptocurrencies like BTC and ETH. In order to use cash (i.e. USD, EUR or CHF), you’ll need to provide our experts with additional documents verifying your identity. Read about our verification processes here.
Once you’re done with step 3, you’re ready to buy MKR. With your new account, you will also be able to gain access to all of the powerful products that make the Kraken experience beloved by millions of global traders.
Note: Trading MKR is not available to residents of the USA, Canada, Australia and Japan at this time.
Instantly buy MKR with a bank account or credit card on the Kraken app
The official Kraken app is perfect for crypto beginners or experienced traders looking to conveniently buy or sell Maker while on the go. Instantly buy MKR with a credit card, debit card or bank account. Keep tabs on your favorite crypto projects or browse the most popular or top performers each day with the Kraken app.
Bank account only available to US residents. Credit card purchases available in select countries here.
Where to keep your MKR tokens
Once you buy MKR, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to keep your MKR in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
Maker is a platform built on top of Ethereum, meaning MKR can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your MKR, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold Maker in their accounts, we highly encourage you to separate your MKR holdings into multiple wallets.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying MKR, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Start buying MKR
Ready to take the next step towards operating and maintaining a crypto-collateralized stablecoin? Click the button below to buy MKR on Kraken today!