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What is MKR

About Maker (MKR)


Launched in December 2017, Maker is the governance token for the Maker Protocol, which manages the DAI stablecoin on the Ethereum blockchain. Both Maker and DAI are issued by the MakerDAO, one of the earliest decentralized finance projects.


> Unlike traditional stablecoins, DAI is pegged to the dollar but is backed by MKR. The protocol employs smart contracts to regulate the MKR token supply such that it is automatically issued or burned in order to keep DAI’s price stable.


By holding MKR, users can participate in the voting on the Maker Protocol, for which they subsequently earn rewards. MKR holders actively influence the management of DAI, interest rates, asset pairs offered on the platform, and so on.


How to buy cryptocurrency and store it safely?

Why buy MKR with OKX?

Simple

OKX makes it easy to buy MKR with a user-friendly interface

Flexible

OKX offers a variety of payment methods and supports numerous local currencies to help users buy MKR

Fast

OKX users can instantly buy MKR with credit card and have it deposited in their account in minutes

How to buy MKR and store it safely?

Cryptocurrency is a new class of digital assets popularized by Bitcoin (BTC). While cryptocurrencies or digital/virtual currencies work much like their traditional fiat counterparts, the biggest difference between the two is the lack of centralized infrastructure and banks.Where fiat currencies are issued by and kept in banks, digital currencies are issued via distributed mechanisms that follow strict consensus protocols. This translates into cryptocurrencies being stored on blockchains which are largely immutable, much more transparent and globally accessible.Given their utility and growing list of use cases, cryptocurrencies are gaining popularity and one way to buy cryptocurrency is to use a reliable crypto exchange like OKX. On OKX, users can sign up, verify their identities and start buying Bitcoin and other cryptocurrencies instantly using credit cards, debit cards, bank transfers and other supported payment methods.Typically, when you buy cryptocurrency, you have to store it in a dedicated wallet, but the security of your digital assets depends on how safely your private key is kept. Every cryptocurrency wallet has a private key which allows complete access to the stored digital assets. If you lose your private key, you effectively lose your funds.Using an exchange like OKX also facilitates users because their newly purchased or traded digital assets are kept securely on the platform and are credited into users' accounts, available to be sold or transferred as required.Ultimately, users should always buy cryptocurrency from a reliable exchange, and if they withdraw their digital assets to a personal wallet, they should keep their private keys safe and backed up to ensure the security of their funds.
How to buy MKR and store it safely?

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Get detailed information about cryptocurrencies listed on OKX, including their tech, founders and price history.

FAQ

  • How do I buy MKR?

    If you own crypto, you can easily trade it for MKR via OKX’s trading platform. Currently, we support MKR/USDT, MKR/BTC and MKR/ETH trading pairs to buy MKR. If you do not own crypto, you can also use the buy options on this page to purchase MKR. We support 30+ fiat currencies and payment methods such as debit cards to help you easily buy MKR.
  • Why should I buy MKR on OKEx?

    OKX is one of the biggest cryptocurrency exchanges where you can buy MKR. With high liquidity and fair fees, we ensure that your MKR buying experience is smooth and seamless. MKR holders can also start earning interest on their tokens via the OKX Earn platform. This service has multiple offers to choose from, with fixed and flexible staking mechanisms.
  • Can I buy MKR with a credit card?

    Yes, we support major credit cards like Visa and Mastercard for MKR transactions. You can choose the credit card option as a mode of payment to by MKR right here on this page.
  • How do I get MKR with ETH or BTC?

    We offer both BTC and ETH trading pairs with MKR. If you already own ETH or BTC, deposit your tokens to your wallet. You can then use the spot trading platform to trade it for MKR within a couple of minutes.
  • Can I buy MKR and withdraw it instantly?

    All assets on OKX can be instantly withdrawn, depending on the network congestion for that particular blockchain. Thus, buying MKR and withdrawing it is simple and straightforward on OKX. You can also choose to trade MKR against other top cryptocurrencies on our highly liquid markets.