Buy Maker (MKR)

Follow the steps below to easily and securely buy Maker.

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.

At Finst, we support several order types to buy Maker: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Maker instantly at the best available market price.

- Do you want to buy Maker at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Maker. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Maker without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Maker with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Maker reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Maker without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

Yes, you can send your Maker to an external wallet. With Finst, you can easily send your Maker to a hardware or a software wallet.

Yes, you can store Maker (MKR) on hardware wallets such as Ledger or Trezor.

Maker MKR is the governance token of the MakerDAO system. This means that MKR holders have voting rights on important decisions within the protocol, such as which types of collateral are accepted and how high the stability fees are. By having a say, MKR holders help keep the stability of the DAI stablecoin in check.

Maker is all about creating and managing DAI, a decentralized stablecoin pegged to the US dollar. Users can generate DAI by locking up cryptocurrencies, like Ethereum (ETH), as collateral in smart contracts called Collateralized Debt Positions (CDPs). These CDPs help keep the value of DAI stable, even when the market is volatile.

Key components of the Maker ecosystem:

• DAI Stablecoin: A decentralized stablecoin designed to maintain a stable value of around $1. Unlike other stablecoins backed by traditional assets, DAI is supported by a variety of cryptocurrencies.
• Collateralized Debt Positions (CDPs): Smart contracts that allow users to lock up their cryptocurrencies as collateral to generate DAI. It's important to maintain a minimum collateral ratio to avoid liquidation.
• Stability Fees: Fees paid by users generating DAI via CDPs. These fees are usually paid in MKR tokens and help keep DAI's value stable. If DAI's price falls below $1, the stability fee increases to encourage users to pay back their DAI and reduce supply. On the other hand, if DAI's price rises above $1, the stability fee decreases to encourage more DAI generation.

Maker MKR and the Maker DAO project were founded by Rune Christensen, a Danish entrepreneur and developer in the blockchain and cryptocurrency space. He’s considered the driving force behind MakerDAO and has contributed to the development and popularization of decentralized finance (DeFi) applications on the Ethereum blockchain.