Buy MKR in a few steps
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How to buy MKR (MKR)
Step 1: Register
Create your account in minutes. Just provide your email or phone number, add two-step verification, and tell us your location to set up your preferred currency.
Step 2: Verify your identity (KYC)
Upload your ID and complete a quick liveness check to meet local regulations; verification is usually completed within minutes.
Step 3: Buy MKR
Based on the payment methods supported in your region, you may be able to buy crypto instantly with a debit card, credit card, Apple Pay, Google Pay, or use bank transfer/ ACH for lower fees and higher transfer limits.
What is MKR (MKR)?
Launched in December 2017, Maker is the governance token for the Maker Protocol, which manages the DAI stablecoin on the Ethereum blockchain. 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 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.
MKR FAQ
- Cryptocurrencies, such as MKR, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as MKR have been created as well.
- Check out our MKR price prediction page to forecast future prices and determine your price targets.