How to Invest in Maker | Invest in Maker In 4 Easy Steps

MKR – which is an ERC-20 token, is one of the hottest projects in the crypto space. In a nutshell, MKR governs the Maker ecosystem which in turn – supports the stablecoin DAI. DeFi tokens like this offer an innovative financial service that enables users to borrow and lend digital currencies without intermediaries.

Your best chance at success when learning how to invest in Maker is to buy MKR tokens via a creditable platform. In this guide, we explain how to invest in Maker in 5 minutes or less with a regulated and lost-cost cryptocurrency broker.

#1 Broker to Invest in Maker – eToro

How To Invest in Maker – Choose a Broker

As we said, the best way to invest in Maker is via a credible platform. See below the best in the industry.

• eToro – Overall Best Place to Invest in Maker
• Coinbase – Great Way to Invest in Maker for Beginners
• Binance – Best Place to Invest in Maker for Asset Diversity
• OKEx – Invest in Maker via a Crypto Deposit
• Kraken – Reputable Exchange for Investing in Maker

Whilst this list of trustworthy places to invest in Maker should save you some time, you can also study our full reviews of each provider after the short sign-up guide that follows.

How to Invest in Maker – A Quick Guide For 2021

This guide will cover each important aspect of how to invest in Maker. First, please find below an easy-to-follow walkthrough. Note that we opted for eToro for this demonstration. This is because it has the approval of huge regulatory organizations such as the FCA, SEC, and ASIC. Moreover, the platform is easily operated for beginners and allows you to invest in Maker from $25.

• Step 1: Open an Account with eToro – To join this brokerage, look for the sign-up button and fill in all boxes necessary to create an account. You will enter your chosen password and username, your full name, date of birth, email, home address, and mobile number.
• Step 2: Upload Your ID – eToro is regulated – so must comply with all laws surrounding anti-money laundering. A big part of this is the completion of a KYC process. As such, confirm who you are with a government-provided photo ID and an official letter showing your residential address (like a bank statement).
• Step 3: Deposit Funds – Add some money to your eToro account so that you can get started and invest in Maker straight away. You can choose between e-wallets like PayPal, or debit/credit cards like Maestro, Visa, and MasterCard. You can also opt for a wire transfer, but the funds might not show for as long as seven days from the date of your deposit. Don’t forget to enter the amount you wish to add and check before confirming everything.
• Step 4: Invest in Maker – You can’t invest in Maker until you find it on the platform. eToro makes this a walk in the park as you just need to look for the search box on the website and type ‘MKR’. Once you see Maker tokens, you can press ‘Trade’ to reveal the MKR buy box. Add the amount you want to invest and confirm…