How to Buy Maker coin and where to Buy it from (A step by Step Guide)

If you’re looking for how to buy Maker coin and where to buy it from, you’ve come to the right place. By the end of this article, you would have known the step-by-step guide to Buy Maker coin. 

maker is a new coin launched recently, and a lot of people have been asking questions like ‘ how to buy Maker coin’, hence the reason I’ve decided to make this post to show complete beginners how to do it. 

If you are planning to buy Maker, then read on to know how to buy Maker coin and where to buy it from (Step by Step Guide). 

In this simple guide, there’s detailed information on:

• What is Maker coin?
• Where to buy Maker coin
• How to buy Maker coin
• Is Maker a good coin?

What is Maker coin?

Maker coin (MKR) is the governance token of  Maker Protocol and the MakerDAO, respectively a software platform and decentralized organization based on the Ethereum blockchain — that allows users to issue and manage the DAI stable coin.

The Maker project is tasked with operating DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

Maker coin price 

Maker coin is ranked #49 on Coinmarketcap. The live current price is $1,902.29 USD with a 24-hour trading volume of $117,016,925 USD. Recently, MKR  is up 21.72% in the last 24 hours. The circulating supply is 977,631 MKR coins and a max. supply of 1,005,577 MKR coins.

Where to buy Maker coin

Maker coin has been listed on a few crypto exchanges like Gate.io, Binance, coinmakrket Exchange, and Uniswap (V2). But unlike other main cryptocurrencies, you cannot directly buy Maker coin with fiat money. However, this coin can still be bought by first buying one of the major cryptocurrencies, usually either Ethereum (ETH), Bitcoin (BTC), Binance (BNB), Tether (USDT), from any fiat-to-crypto exchanges and then transfer to the exchange that allows you to trade the OMI coin.

To buy or sell Maker coin, Gate.io is currently the best option and the most reliable exchange. You can use Trustwallet or any crypto exchanges that accept fiat deposits to buy USDT as the cryptocurrency you need to exchange for the Maker coin.

How to buy Maker coin (Step by Step Guide)

Coinmarketcap or Coingecko are the best websites to make use of if you want to know the best exchange available for any cryptocurrency currently trading Maker coin.  

On Coinmarketcap, search for the ‘Maker coin’ or ‘MKR’ token page. 

To do this, on the homepage, simply type in ‘Maker coin’ or ‘MKR’ into the search bar at the top

Below is the direct link to Maker coin on Coinmarketcap and Coingecko

https://coinmarketcap.com/currencies/maker/

https://www.coingecko.com/en/coins/maker

1. Buy USDT with fiat money

If you are buying from Coinbase, click the ‘Trade’ button at the top left, choose USDT and confirm your transaction.

After buying USDT you need to transfer it to Gate.io where Maker coin can be traded. 

2: Transfer USDT to Gate.io

By the right side of your dashboard, there’s a string of random numbers saying ‘USDT address’. Those random numbers are the unique public address of your USDT wallet at Gate.io. With the address, you can receive and send USDT. 

Now to transfer the ‘USDT’ we already bought on any fiat-to-crypto exchange to this wallet, just right-click on the full address and click copy to stick the address to your clipboard.

Now go to Portfolio on the exchange website you bought USDT from.  Go to the dashboard, and click on USDT on your asset list. Lastly, click on “Send” on the right.

Go back to the exchange website you bought USDT from. On the dashboard, go to your Portfolio and on your asset list, click on USDT and click “Send”.

Paste the wallet address you copied into the Recipient box. Click “Send” and a confirmation email will be sent to your email address immediately. Once you click on the confirmation link, your USDT will be sent to Gate.io!

Go back to your Gate.io account and click on your exchange wallets. A confirmation notification from Gate.io will be sent to your email address once your deposit arrives. 

3: Buy Maker coin 

To buy Maker coin, follow the steps below

On your Gate.io account, go to Exchange>Basic. There, you will see continuous flicking figures.

In the right column, there’s a search bar. 

Since you are about to trade USDT to an altcoin pair, be sure that “USDT” is selected. Click on the column and type “MKR” into it, and you will see MKR/USDT. Click or select the pair and a price chart of MKR/USDT will display in the middle of the page.

Below the chart, you’ll see a box with a green button that says “Buy MKR coin”. Inside the box, click the “Market” tab because it is the best type of buying order. If you want to choose what portion of your USDT you want to deposit, click the percentage buttons. Or you type in your amount directly. 

After that, click “Buy MKR coin’. 

And that’s how to buy Maker coin from Gate.io. 

Is Maker a good coin?

The price of Maker is expected to increase in the long term and may record good growth over the next few years. So, the answer is Yes, Maker (MKR) is a good investment. 

NOTE: This is not financial advice. Do your due diligence before you invest in any coin.

Conclusion 

Maker coin (MKR) is the governance token of  Maker Protocol and the MakerDAO, respectively a software platform and decentralized organization based on the Ethereum blockchain — that allows users to issue and manage the DAI stable coin. To buy or sell Maker coin, Gate.io is currently the best option and the most reliable exchange. You can use Trustwallet or any crypto exchanges that accept fiat deposits to buy USDT as the cryptocurrency you need to exchange for the Maker coin. 

If you have any questions on how to buy Maker coin and where to buy it from (A step by Step Guide). let us know in the comment section.