How to Buy Maker UK – Buy Maker In Under 5 Minutes
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
DeFi protocols are big news for the future of finance and Maker is no exception. Based on the Ethereum network, MKR tokens have seen a dramatic price rise in 2021.
If you are looking to learn the bigger picture of how to buy Maker in the UK, you are reading the right guide. We discuss and review the best places to make your MKR purchase and also list some strong points of this popular asset.
Table of Contents
#1 Broker to Buy Maker UK – eToro
How To Buy Maker in the UK – Choose a Broker
Choosing a broker to buy Maker in the UK can be an arduous task and shouldn’t be a rushed decision. This applies whether you happen to be a novice or a highly experienced crypto trader.
With this in mind, below you will find a list of the best platforms that allow you to buy Maker in the UK.
- eToro – Overall Best Broker to Buy Maker UK
- Coinbase – Great Broker to Buy Maker for Beginners
- OKEx – Best Low-Cost Broker to Buy Maker via a Crypto Deposit
- Binance – Top Broker to Buy Maker for Asset Diversity
- Coinjar – Best Broker to Buy Maker UK for Those on a Budget
The above list should save you a little work. However, thorough research should always be conducted yourself before signing up with a platform. As such, you will see a full review of each listed broker after the following quick guide on how to buy Maker in the UK.
How to Buy Maker in the UK – A Quick Guide For 2022
When you are considering how to buy Maker in the UK, a regulated brokerage should be your first port of call. With this in mind, below you will find a quick sign-up guide to sign up with eToro.
Multiple tier-1 regulatory bodies, inclusive of the FCA, regulate this broker and the website is super easy to use. Furthermore, you can purchase fractional amounts of MKR tokens starting from just $25, which is only around £18.
- Step 1: Open an Account With eToro – Establish a fully functioning account at eToro within minutes. Go to the website and press the button labeled ‘Join Now’. You will have to enter the information required. This should be inclusive of your name, residential address, date of birth, nationality, date of birth, and a few more details. Also, fill in your hand-picked username and password and confirm all.
- Step 2: Upload Your ID – Trustworthy and regulated brokers comply with KYC requirements, so you should send a copy of your photo ID and a recent bank statement. This allows the platform to validate the information you gave in step 1.
- Step 3: Deposit Funds – Before you are able to buy Maker in the UK, you will have to ensure your broker account is funded. eToro will allow you to make a deposit with many deposit methods; including the likes of Mastercard, Visa, Visa Electron, and Maestro. You can also add funds using Rapid Transfer, PayPal, Skrill, Neteller, or UK bank transfer.
- Step 4: Buy Maker – To buy Maker, you will first need to locate the asset on the eToro website. This can be done by using the search function, which is on the main dashboard. When you start typing and see MKR tokens, you can click ‘Trade’ to reveal the order box needed to make your purchase. You must think about how much to allocate and enter this number in the ‘Amount’ box. Confirm all by hitting ‘Open Trade’.
eToro cuts out the need to worry about storage because when you confirm your order to buy Maker, the broker simply adds the tokens to your portfolio. Here they will be safe thanks to the regulatory standing of the platform – but also easily accessible.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Maker in the UK – Full Platform Reviews
Armed with a long list of non-negotiables, you will see the results of our in-depth reviews on the best places to buy Maker in the UK. We look at many particulars, such as whether the broker has an honorable reputation, licensing, and regulation. We also check out the fee structure, deposit options, and website functionality.
1. eToro – Overall Best Broker to Buy Maker UK
If you are looking for a place to buy Maker in the UK that has a sterling reputation and offers a simple to use trading platform – look no further than eToro. Of course, this online broker has much more to offer than that. When creating an account to access and purchase MKR tokens, you will be joining over 20 million other traders and investors. If that’s not enough of an indication of the legitimacy of eToro – the FCA, CySEC, and ASIC not only regulate but also provide a license to this broker.
Accessing the crypto marketplace via a regulated platform should offer you peace of mind when it comes to safety. Not only can you buy Maker at eToro from as little as $25 (around £18) but you can also store MRK tokens here with no extra fee charged. You might want to consider shortening the learning curve of this volatile asset class by trying the passive investment tool called Copy Trading. Choose someone to invest in from a list of vetted individuals with experience and you can trade cryptocurrencies without having to place orders yourself.
To elaborate, let’s say you invest $3,000 in CopyCrypto123 and they risk 20% of their equity on MKR tokens and 10% on ADA. In turn, you have $600 allocated to Maker and $300 in Cardano. If they cash out, for a profit of 5% for example, you will also benefit from 5% gains. Any copied investments or sales will be the same but in proportion to the amount you risked. eToro uses a spread-only trading charge, which means you will only need to pay the diference between the bid and ask value when you buy Maker. We found this to start from just 0.75% – which is tight.
Upon signing up, you will also pay a small conversion fee totaling 0.5% of the amount you deposit. As you will see, this is competitive compared to other platforms and simply prevents you from having to swap your GBP to USD (the eToro platform operates in US dollars). Many people who learn how to buy Maker will inevitably wish to add more tokens to create a diverse selection and avoid over-exposure. With this in mind, we checked out alternatives and found 29 additional crypto markets. This includes Cardano, Polkadot, Bitcoin, Enjin, Ethereum, Dogecoin, and more.
As a regulated broker, you will need to complete the KYC process by sending an image of your ID and a document to validate your address. Accepted deposit methods at eToro consist of e-wallets which include PayPal, Neteller, and Skrill. Supported credit and debit cards comprise Maestro, Mastercard, Visa, and Visa Electron and you can also opt for a UK bank transfer. But, the platform clearly states the latter can take between 4 and 7 business days to be credited to your account.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Broker to Buy Maker UK for Beginners
Coinbase is a well-known crypto platform where you can buy Maker in a beginner-friendly environment with ease. There are millions of other clients signed up with this large-scale exchange and every ERC-20 token is supported. You will find XRP, Dogecoin, Stellar, Bitcoin Cash, Tezos, and many more. In fact, we found over 50 digital assets listed on the platform and you can buy Maker from as little as £2. Making fractional purchases is great for beginners who might not feel comfortable risking the amount needed to buy a full token.
Something that may put people off Coinbases is its fees – meaning they aren’t very competitive. Let’s delve a little deeper. If you buy Maker in the UK using a debit or credit card, you will be charged a hefty 3.99% of the purchase amount. When comparing this with eToro’s much smaller 0.5% deposit fee, it’s clear this could soon eat away at your potential gains. As opposed to the spread, Coinbase also charges a standard commission of 1.49% – both to buy and sell Maker.
A free and alternative option for adding funds to your account is a UK bank transfer. However, you might need to wait between one and three days. Moreover, UK clients can withdraw funds using Faster Payments, PayPal, and SEPA transfers. If you would like to buy Maker whilst out and about – consider downloading the free mobile app for iPhone or Android devices. Each time you place an order to purchase MKR tokens, they can be found in the web wallet within your account. This saves you from downloading a separate wallet and looking after private keys.
Pros
- One of the most popular cryptocurrency exchanges
- More than 68 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, the UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Best Low-Cost Broker to Buy Maker via a Crypto Deposit
Already in possession of some digital currencies? OKEx facilitates crypto deposits and supports a wide list of them. To fund your account in this way, you can head over to the main dashboard and click ‘Assets’ followed by ‘Deposit’ and then select the cryptocurrency you wish to add to your portfolio. For instance, you may have some Ethereum, in which case you can transfer existing ETH tokens to OKEx and use them to buy Maker by swapping them via the platform.
We checked out the fees and found OKEx to be more competitive than Coinbase, with a standard fee of 0.10% on all orders. This means if you were to buy £1,000 of MKR tokens, you would pay the platform £1. This exchange follows all protocols surrounding KYC. As such, to buy Maker with a fiat deposit method, you need to send relevant documents to validate the name and address you gave when signing up. This shouldn’t take long and also means you can fund your account using debit and credit cards – and UK bank transfers.
If you have thought about buying cryptocurrencies and then HODLing them – adopting a buy and hold strategy – OKEx will pay you interest on 32 different assets. This happens automatically and whilst this doesn’t yet include Maker, you can earn money on tokens such as Ethereum, Dash, Bitcoin, IOTA, and many more. There are more than 400 pairs available to trade at OKEx and you can also download the free app for iPhone and Android to buy Maker on the move.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, the UKs #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. Binance – Best Broker to Buy Maker UK for Asset Diversity
Binance claims to have more than 100 million clients on its books and lists Maker – as well as hundreds of other cryptocurrencies. Other digital assets consist of Binance Coin, Ethereum, Cardano, Tezos, Dogecoin, and many others. Like OKEx, this platform is able to accept crypto deposits. So, if you already hold some of the tokens supported here, you can add them to your portfolio and convert them to MKR without difficulty. Buying some BNB tokens and using them to pay fees at the platform also affords you a 25% discount on commissions.
If you are just starting out in the cryptocurrency scene, you can sign up and complete the KYC process to make a deposit using GBP via Mastercard or Visa. You should be aware that the fee stipulated for this type of payment card is 1.8% of the amount, which means a £1,000 deposit would invite an £18 charge. We checked the general fee table and also discovered a standard charge of 0.10% to enter and exit Maker trades.
The Binance platform is a good place for beginners to buy Maker in the UK – not least because it is super easy to use for all abilities. You also have the option of a free app that allows you to check on the performance of your portfolio of assets and to buy MKR tokens wherever you are. There is an academy section dedicated to educating clients on blockchain and crypto tech. You can choose between beginner, intermediate or advanced and will also have access to research tools, which include analysis and reports.
Pros
- Facilitates billions of pounds in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
5. Coinjar – Best Broker to Buy Maker UK for Those on a Budget
If you are new to the process of learning how to buy Maker, you will probably want to take it easy with how much you risk. Coinjar enables you to add funds to your account starting from just £5. After that, you can buy fractional amounts of cryptocurrencies. You might also diversify your portfolio by adding any number of other digital assets. Accepted digital currencies include Ripple, Lumens, Ethereum, Bitcoin, EOS, Algorand, and Litecoin.
Aside from Maker, supported ERC-20 tokens comprise DAI, Aave, Compound, Yearn.finance, OMG, and others. The Coinjar platform was created to be user-friendly and undemanding. This very simplicity might render it a little too basic for experienced crypto traders. You can fund your account to buy Maker in the UK by finishing the KYC procedure and choosing your preferred payment type from the list of options. This includes Faster Payments via bank transfer, but you should note that the first deposit can take one day to clear. After that, it will take 1-2 hours.
The fee for a UK bank transfer is 1% at Coinjar. You may also utilize the Instant Buy service which is achieved with your chosen Mastercard or Visa debit/credit card. The charge to buy Maker this way is 2% of the transaction amount. In other words, a £1,000 order would set you back £20. This is obviously nowhere near as competitive as eToro, where you would pay just £5 for the same debit/credit card deposit value. Like to check the cryptocurrency markets on the go? You may also buy MKR tokens via the free Coinjar app for iPhone and Android users.
Pros
- Has been active in the crypto brokerage arena since 2013
- Very user-friendly platform – so perfect for beginners
- Minimum deposit of just £5
- No fees to deposit funds via Faster Payments
- Debit/credit cards also supported
- Top-rated mobile app
Cons
- Too basic for experienced cryptocurrency traders
via eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
How to Buy Maker in the UK – Detailed & Explained in Full
To buy Maker in the UK from the comfort of home, a good place to start is to access the cryptocurrency markets via a trustworthy online brokerage. The platform should not only list MKR tokens but also take safety seriously and offer competitive fees and heaps of payment options.
For this detailed walkthrough, we are going to reveal in detail how to sign up with eToro in less than 5 minutes. This brokerage has an outstanding regulatory standing that includes licenses from the FCA (UK), ASIC (Australia), and CySEC (Cyprus) – all of which offer tier-1 regulation. If that’s not enough, you can buy Maker from as little as $25.
Step 1: Open a Crypto Broker Account
eToro is very easily operated. You will find the ‘Join Now’ button on the main platform and will see a box like the one below after clicking it. At this point, you can get the ball rolling to sign up by entering basic information like your first and last name – as well as your address, mobile number, email address, and a little about your trading knowledge.
The broker will also need to know your chosen password and a username for your portfolio, which you will use moving forward. Enter your national insurance number, date of birth, and any other information requested. eToro will also require you to confirm the mobile number you have given before proceeding to the next step.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload ID
As we talked about throughout our broker reviews – many platforms will require clients to complete the KYC process before making their first deposit. eToro will allow you to buy Maker in the UK prior to completion, but your account will be restricted with deposit limits and the inability to withdraw.
For anyone unfamiliar with the KYC process needed to verify your account, see below:
- The procedure is very simple and calls for the uploading of your photo ID so the broker can validate your identity.
- The FCA also stipulates that regulated platforms must obtain proof of the address given. For this, you might use a utility bill or a bank statement to confirm your details.
The proof of ID uploaded must illustrate your first and last name and photo. For the broker to validate your address and so you can move forward to buy Maker without account restrictions – you must ensure that the name, address, and date are all visible on the document. A good option here is a utility bill or bank statement.
Step 3: Deposit Funds
eToro excels when it comes to its support for different payment methods, including super-convenient e-wallets.
This FCA-regulated broker will let you buy Maker and deposit funds into your account using the following methods:
- Maestro
- Visa
- Mastercard
- Visa Electron
- UK bank transfers
- Neteller
- Skrill
- PayPal
The minimum first-time deposit is $200, which is approximately £145. After this, you can buy Maker in the UK from $25 and up.
Step 4: Find Maker
As we mentioned, eToro is uncomplicated to use. As such, you can type ‘Maker’ into the search box the relevant market will be displayed
When you see it, click the ‘Trade’ button, which will bring up an order box.
Step 5: Buy Maker
‘When you are presented with an order box, as seen below, you can place an order to buy Maker. As we touched on, eToro supports fractional investments – so here we are purchasing just 0.03 units of MKR tokens. This is currently the equivalent of $100, which is around £72.
Enter the amount you wish to buy. The minimum at eToro is just $25. Upon clicking ‘Open Trade’ – the tokens will be added portfolio.
Buy Maker – Best Place to Buy Maker in the UK
Now that you are all too aware of how to buy Maker in the UK, you can begin to pay attention to where.
Cryptocurrency Exchange
When most people consider the best way to buy Maker, they probably picture doing so at a crypto exchange. Whilst this route can offer low fees and a wide range of digital assets, it can be hard to decipher between a good exchange and a bad one. This is largely down to the lack of regulation at such platforms.
Offshore organizations will often regulate those that are, which is a far cry from the standards required by the FCA. Other regulatory bodies to look out for in your search for the best place to buy Maker include CySEC, ASIC, and SEC. Such financial authorities ensure a high level of transparency, client due diligence, and the need for brokers to adhere to money laundering regulations.
Online Crypto Broker
As we have alluded to, the chance of losing your MKR tokens to thieves on a cryptocurrency exchange is far greater than if you instead buy and store Maker at eToro – a regulated broker.
- This is because the brokerage complies with strict regulations imposed by the FCA and other important financial organizations.
- When a broker is regulated by the FCA, the platform is required to follow a long list of rules to continue to offer a financial service, thus allowing you to buy Maker in the UK legally.
- This includes compliance with tax and money laundering regulations.
- As such, the platform must validate your ID and address, as well as establish your understanding of trading and the risk involved in doing so.
Furthermore, many unregulated crypto exchanges are unable to support GBP deposits. In contrast, after completing the ID validation process, you can fund your eToro account with credit and debit cards such as Maestro, Mastercard, Visa, and Visa Electron to buy Maker. You can also choose e-wallets, including PayPal, Skrill, and Neteller, which are fast and convenient.
Ways to Buy Maker UK
There will be a difference of opinion when it comes to the best way to buy Maker. This might depend on how quickly you want to start buying MKR tokens, or on the fees involved.
To aid your decision on what might be the best option for you, below you will find a list of payment types regularly used to buy Maker in the UK. Note that not all brokers accept the same methods.
Buy Maker With Debit Card
If you are keen to buy Maker tokens using your debit card – you will need to ensure you have your eyes open to potential fees.
For instance:
- Coinbase stipulates a fee of 3.99% of every debit card transaction to buy Maker.
- The same deposit type at eToro comes with a charge of only 0.5%.
Another thing to note about debit cards is that unregulated crypto exchanges, or ones with licenses from abroad, will often be unable to accept GBP deposits.
Buy Maker With Debit Card From $25 Now >
Buy Maker With Credit Card
You can also buy Maker with a credit card if the platform lists this payment type. eToro supports credit card deposits to buy Maker with just the 0.5% exchange fee to pay.
You should also be mindful of a charge called the cash advance fee. This is usually associated with ATMs, but can also apply to cryptocurrency purchases depending on the credit card issuer.
Buy Maker With Credit Card From $25 Now >
Buy Maker With Paypal
Not too many brokers are able to accept PayPal as a means of payment – eToro, however, makes this easy.
- Assuming you already have an account with PayPal
- Simply select the e-wallet when making a deposit and enter the amount you wish to add to eToro
- Next, sign in to your PayPal account and click ‘Pay’
- The funds will appear in your available equity in your eToro portfolio
Let’s say you want to buy Maker in the UK this way but don’t have a PayPal account. This shouldn’t be a problem. In just a few steps, you can link your credit/debit card to a PayPal account and then use this here on out at eToro.
Buy Maker With Paypal From $25 Now >
Buy Maker With Bitcoin
If you already hold some cryptocurrencies, you may wish to buy Maker with BTC or ETC tokens instead of British pounds. In this scenario, you will probably be doing so via a crypto exchange and will need to ensure the platform in question supports your preferred digital asset. This also saves you from uploading documents for the aforementioned KYC process.
Why Buy Maker UK?
There are plenty of reasons that people look to trade and invest in cryptocurrencies. The motivation to buy Maker in the UK will depend on your own personal goals. With that said, we can shed the light on a few advantages of this particular digital asset. This includes its growth since inception, governance, and security.
Maker DeFi Growth
DeFi applications, which in simple terms also provide finance offered via a blockchain, are making waves and seeing a surge in popularity lately. This is one of many reasons people have since looked at how to buy Maker in the UK – not least because DeFi coins have been performing extremely well this year.
- The trading volume of Maker in the 24 hours prior to writing this guide was $94,551,954.
- Maker experienced an all-time low of $21 in January 2017, the year MKR tokens were released.
- By January 2021 maker had exceeded $1,500.
- Fast-forward four months to May 2021, MKR tokens hit an all-time high of $6,339.
- Within months Maker tokens fell to less than $2,000.
- MKR managed to rise up again and is now valued at $2,850.15 – as of late 2021.
Although Maker is not currently in the top 10 cryptocurrencies in terms of market cap, MKR tokens could easily continue to rise as a predominant digital asset. This is something you are best advised to research yourself before taking the plunge to buy Maker UK.
Maker Governance
Those looking to buy Maker in the UK have voting rights to govern the cryptocurrency. This means that you are allowed to have a direct influence on the process of making changes to the protocol of MKR tokens.
For those unaware, DAI tokens are produced by the Maker protocol platform and are usually used for saving and making payments. This is what’s known as an algorithmic stable coin – meaning a digital asset that is soft-pegged to the US dollar. The most well-known asset of this kind is undoubtedly USDT (Tether).
Maker, on the other hand, is considered as being a recapitalization asset, as well as a utility and governance cryptocurrency.
When you buy Maker, you can vote on the following:
- Changes to risk parameters.
- Select the oracles whose role is to provide reliable off-blockchain data to the MKR ecosystem.
- Maker platform upgrades and changes to sensitivity.
- The addition of new security assets to the protocol. This enables Maker users to add new digital currencies and mint more DAI tokens.
Notably, the amount of voting power you have will depend greatly on the size of your stake in Maker.
Maker Offers a Secure and Transparent Protocol
When you are researching how to buy Maker in the UK, it’s crucial you pay attention to security. Hackers are coming up with more and more sophisticated ways to disrupt cryptocurrency projects.
- Maker is a stable project that takes security seriously.
- The MKR protocol has invested in two-factor verification.
- Smart contracts are utilized to save the need to trust random third-party centralized organizations.
- The whole network can be tracked using the blockchain.
- Recordings from company staff meetings are published for users to listen to.
- A system called oracles is used for the Maker protocol. This entails fending off fraudulent data surrounding price using decentralized reporting.
Fraudulent price data is also filtered out by utilizing a median rather than an average. Additionally, the oracle security module is able to publish the new price reference at a delayed rate. This is done in order to give Maker holders the chance to react to any potential attacks or bugs on the system.
Risks of Buying Maker in the UK
When learning the ropes surrounding how to buy Maker in the UK, you should be hyper-aware of the risk involved. The same applies to any other asset you look to invest in or trade. Digital currencies regularly experience extremely volatile price swings. If you are not careful, this can result in big losses. This is one of the reasons people like the idea of making fractional investments.
There are a few common solutions to offset this risk when you buy Maker in the UK, see below:
- Portfolio Diversity: You may have come across this phrase when reading up on the nuts and bolts of investing. Put simply, by also investing in alternative cryptocurrencies and assets, you will limit the amount of exposure you have to one single market.
- Buy Maker in Small Amounts: A single cryptocurrency token can be anything from less than a penny to thousands of pounds. Maker price is certainly not as high as Bitcoin, but will still set you back over £2,000. This is a large amount of money to risk on a single market. As such, you may consider making small investments instead. For instance, at eToro, you can buy Maker by allocating an amount as low as $25 each time.
For those unaware, dollar-cost averaging is a commonly adopted trading discipline that involves making small but regular purchases. This couldn’t be easier at eToro. Furthermore, your digital assets will be significantly less vulnerable at eToro – thanks to regulation from the FCA and other authorities.
The Cost of Buying Maker in the UK
Before getting carried away and signing up with a platform to buy Maker in the UK – check the all-important fees involved.
See the most common fees charged to buy Maker below.
Deposit Fees
Deposit fees to buy Maker in the UK vary and will be dependent on factors such as the method of payment you use and the crypto platform.
To offer a clearer idea of this disparity, we have provided a list of comparative fees charged by the providers we reviewed today:
- A £2,000 credit or debit card deposit made at Coinbase will set you back £79.80. The deposit fee is 3.99%.
- By using a debit or credit card to fund your account with £2,000 at Conjar, the same amount will cost you £40. The deposit fee is 2%.
- If you add £2,000 to your account using a credit or debit card at eToro, you will be charged just £10. The deposit fee is 0.5%.
You can also buy Maker using a bank transfer at many platforms, but this can take up to 7 days to be added to your account.
Trading Fees
Trading fees or commissions also vary between platforms, so you will need to look at how much it will cost you to enter and exit your chosen market.
You will find below some examples of trading fees you might need to pay to buy Maker in the UK:
- Coinbase charges 1.49%. If you place a £1,000 buy order on Maker at Coinbase, you will have to pay the exchange £14.90 commission.
- Coinjar stipulates 1%. As such, a £1,000 purchase will cost you £1.
- eToro charges the spread only which starts at 0.75%. If you buy Maker, allocating £1,000, with a spread of 0.75% you will be charged £7.50.
As you can see, the fees you have to pay will play a big part in how much you can afford to allocate to buying Maker tokens. eToro keeps costs down with its spread-only model. Furthermore, fractional trade sizes and a built-in web wallet at eToro allow you to concentrate on building your portfolio in a safe manner. Crucially, without worrying about storage or buying a full token.
How to Sell Maker: A Quick Overview
You now know how to buy Maker in the UK, so you also need to have a clear vision of how you will sell MKR tokens when the time is right. The idea is to sell your cryptocurrencies for more than you paid in the first place – thus making gains from your initial investment.
See a simple explanation of how to sell Maker at top-ranking broker eToro:
- Buy Maker at eToro using the step-by-step instructions laid out earlier.
- When you spot an opportunity to sell for a profit, head over to your portfolio via the main dashboard.
- Find MKR tokens from the list of assets within your portfolio and click ‘Sell’.
- eToro will fund your account with the money from this sell order.
When you buy Maker via a regulated platform such as eToro, which is able to store your MRK tokens in safety, it really is as simple as that to cash out your investment.
How to Buy Maker UK – To Conclude
It has never been easier to buy Maker in the UK. First, it’s really important to gain a clear understanding of all aspects of how the cryptocurrency market works. You should research this thoroughly before risking any money. Although it is possible to purchase MKR tokens at a crypto exchange, the safest way to access this speculative asset is at a brokerage with a license from the FCA.
After reviewing countless platforms that support MKR tokens, we found eToro to tick all boxes. The broker holds licenses from bodies including the FCA, CySEC, and ASIC – so complies with many rules designed to keep this sector free from financial crime. You can buy Maker in the UK from $25 (around £18) whilst only paying the spread and can also store your digital assets in the safety of your portfolio.
eToro – Best FCA Broker Buy Maker UK
FAQs
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