How to Buy Maker (MKR)

A Step-by-Step-Guide on how to buy Maker (MKR)

Step 1 – Signup to CEX.io

You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and getting BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Maker (MKR) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find Maker (MKR)

As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch invest and trading. To buy Maker (MKR) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”.

To discover Maker (MKR), you will need to put the cointype (MKR) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “MKR/BTC” to go on.

Binance Hot To Buy Maker (MKR)
Binance How to Buy (MKR) Maker
Step 4 – Purchase (MKR) Maker

Once you've spotted (MKR) Maker, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation (MKR) Maker was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of MKR you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the complete volumen of MKR.

When you are satisfied, make a mouse click on “Buy MKR”. Your plan will be filled when a Vender sells their MKR for the price you offered.

Step 5 – Withdraw Maker (MKR)

Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extensive time period. In order to withdraw your Maker (MKR), go to the ”Funds” tab and click on “Withdraw”. Maker (MKR) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Maker (MKR) by using the given drop-down box. Drop in the quantity of Maker (MKR) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Binance Withdraw

Congratulations! You've successfully bought and safed Maker (MKR).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the Maker (MKR) is stored inside your wallet, you're all done.