Why buy Maker with Kraken?

About Maker

What can you do with Maker?

Swap Maker for other assets

Learn more about Maker

1. How does Maker work?

   Unlike traditional currencies, Maker is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Maker. This decentralization means the holders and users of Maker can help to maintain the network.

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2. Where can I buy Maker?

   Most find that the easiest and most secure way to purchase Maker is through a reliable cryptocurrency platform like Kraken. While Maker can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Maker.

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3. How much does it cost to buy 1 Maker?

   At the current market rate, it costs $2,207.20 to purchase one MKR. Kraken makes it easy to buy & sell Maker with confidence.

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4. Can I buy $100 worth of Maker?

   Yes, Kraken offers a secure and easy to buy $100 worth of Maker. At its current price, $100 equals 0.045 MKR.

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5. Is Maker safe to buy?

   The Maker price can change dramatically based on market conditions. You should do your own research on Maker before buying.

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6. Is Maker available to buy and sell in my country?

   To find out if Kraken offers Maker in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Maker a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Maker may be a worthwhile purchase.

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8. Can I purchase Maker using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Maker?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Maker I can buy?

    You can buy as little as $10 worth of Maker on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Maker regularly.

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11. Can I buy Maker with a debit card?

    You can buy Maker using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Maker with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Maker using hundreds of other cryptocurrencies. Browse the Maker markets available on Kraken to see how much it costs to buy Maker with other cryptocurrencies.

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13. How can I keep my Maker safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Maker. When you choose to keep your Maker on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Maker?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Maker from Kraken to my crypto wallet?

    Yes, the Maker you buy on Kraken is yours. Kraken makes it easy to withdraw your Maker to any hot wallet or cold wallet that supports Maker. Simply enter the external wallet address and your Maker will be in your wallet a few moments later.

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16. Is it safe to leave my Maker on Kraken?

    We take every measure possible to keep the Maker you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Maker. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Maker?

    The current circulating supply of Maker is 889,145 MKR.

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