Maker (MKR) is the cryptocurrency that serves as the fuel of the Maker platform, which is a decentralized stablecoin system. If you are interested in learning more about Maker and how to buy MKR, then you have come to the right place.
In this guide on how to buy MAKER, we’ll show you how to purchase MAKER using Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies.
How to Buy MAKER – Step By Step Guide
More and more people are showing interest in cryptocurrencies as they continue to rise in value. It’s no wonder, then, that many are looking to get their hands on some of this digital cash. Although there is a whole host of cryptocurrencies out there, one of the most popular ones is MAKER and we will show you a step-by-step guide on how to buy it.
Step 1: Create An Account At A Reliable Broker
The first thing that you’ll need to do is sign up for an account at a reliable broker that lets you, trade MAKER.
Step 2 Enable 2-factor authentication (2FA)
If you created your account with an email address, you will now be prompted to enter your phone number for two-factor authentication (2FA). This is what ensures the safety and security of your account. To proceed to the next step, enter your phone number, tap “Send Code,” and then enter the code sent via SMS.
If you used a phone number rather than an email address, you will be asked for a payment method rather than a phone number at the checkout.
Step 3: Buying Bitcoin or Ether
The first step is to buy Bitcoin (BTC) or Ether (ETH) from a cryptocurrency exchange. There are many exchanges you could use like, Binance, Coinbase, Robinhood, etc.
Step 4: Use your cryptocurrency to purchase MAKER
Transfer your BTC or Ether to your wallet or immediately purchase MAKER if they are available on the same exchange. That’s all there is to it; you now possess MAKER Crypto.
Step 5: Withdraw your MAKER if desired.
Finally, if you want to withdraw your MAKER Crypto, go to Funds -> Withdrawals and input the quantity of MAKER Coin you want to withdraw as well as the address of your MAKER Coin wallet or any other hardware wallet for further security.