How to Buy Maker (MKR)

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

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and to get your welcome $10.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Maker (MKR) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (MKR) Maker

Once your deposit has been approved, you'll instantly have access to your finances and you can start purchasing and trading. To purchase Maker (MKR) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to locate Maker (MKR), you'll need to insert the shortname of the coin (MKR) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we've marked this too. Click on “MKR/BTC” to continue.

How to buy Coin on Binance 1 Maker (MKR)
Step 4 – Purchase (MKR) Maker

Once you've found (MKR) Maker, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled with the most recent rate (MKR) Maker was sold for. You can change this to your desired rate. The “Amount” field is the quantity of MKR you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of MKR.

When you're happy, click on “Buy MKR”. Your plan will be filled when a Vender trades their MKR for the price you offered.

Step 5 – Withdraw Maker (MKR)

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. To withdraw your (MKR) Maker, go to the tab called “Funds” and click on “Withdraw”. (MKR) Maker can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Maker (MKR) by using the provided drop-down box. Enter the volumen of Maker (MKR) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You have successfully bought and stored Maker (MKR).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Maker (MKR) is safe inside your wallet, you're done.