Buy Maker (MKR)

Maker (MKR) is a cryptocurrency that operates on the Ethereum blockchain and plays a central role in the MakerDAO ecosystem. MakerDAO is a decentralized autonomous organization that aims to create a stablecoin called Dai (DAI) that is pegged to the value of the US dollar. MKR is used to govern the MakerDAO system, making it a unique token with both utility and governance functionalities.

At its core, MakerDAO relies on a system of collateralized debt positions (CDPs) to generate Dai. Users can lock up their Ethereum (ETH) as collateral in a CDP and generate Dai against it. The ratio of collateral to Dai generated is determined by a collateralization ratio, which ensures the stability of the system. If the value of the locked-up collateral falls below a certain threshold, users are required to add more collateral or repay the Dai to avoid liquidation. The stability of Dai is maintained by a combination of market forces and the actions of MKR token holders. MKR token holders have the responsibility of governing the MakerDAO system. They participate in a continuous approval voting system to make decisions and shape the platform's parameters. This includes determining the stability fee, which is an interest rate paid by CDP owners to generate Dai. MKR holders also act as the lender of last resort in the system. If the value of the collateral falls significantly and there is a risk of insolvency, MKR is minted and sold to cover the outstanding debt and maintain the stability of the system.

Follow the steps below to easily and securely buy Maker.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Maker and securely store it on our platform.

You can securely store your Maker in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Maker. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Maker with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Maker with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Maker through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Maker is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Maker involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Maker, it is important to understand the risks.

Volatility: The price of Maker can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Maker is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Maker through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Maker or other cryptocurrencies anonymously on a regulated crypto platform in Europe.