How to Buy Maker (MKR)

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Maker (MKR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Maker (MKR)

Once your deposit has been affirmed, you'll directly have access to your assets and you can begin buying and trading. To invest in Maker (MKR) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To find Maker (MKR), you'll need to put the shortname of the coin (MKR) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we've highlighted this too. Click on “MKR/BTC” to go on.

Step 4 – Acquisition of Maker (MKR)

Once you've discovered Maker (MKR), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff Maker (MKR) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of MKR you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of MKR.

When you're satisfied, make a mouse click on “Buy MKR”. Your plan will be filled as soon as a Vendor sells their MKR for the price you offered.

Step 5 – Withdraw Maker (MKR)

Unless you are regularly trading, never keep your coins on an Exchange for an extended time period. In order to withdraw your Maker (MKR), go to the ”Funds” tab and mouse click on “Withdraw”. Maker (MKR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Maker (MKR) by using the given drop-down box. Put into the quantity of Maker (MKR) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.