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What is Maker?

Maker (MKR) token allows holders the ability to govern the Maker protocol and access the Dai cryptocurrency. Dai is a decentralised, collateral-backed cryptocurrency pegged to the US Dollar.

  • Dai is a stable currency that can be used by anyone, anywhere, anytime. Any business or individual can utilise and gain the advantages of digital money.
  • By holding Dai, users can start to earn the Dai Savings Rate which is set by the Maker community.
  • Through a Maker product called Oasis, users can exchange various cryptocurrency tokens, borrow Dai and earn savings.

The Maker team believes there is a growing frustration and distrust of centralised financial systems. They are looking to provide a functioning, decentralised and stable digital currency for the world.

How do I swap Maker?

Enter amount to swap
Select the quantity of Maker you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Maker

Why Should I Trade MKR with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Maker no matter what your trading experience is. Unlike other international and Australian Maker exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Maker with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Maker how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Maker?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Maker for free.

Cold Storage

If you are holding Maker as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Maker. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Maker. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Maker has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Maker is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Maker exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Maker & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Maker safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Maker portfolio here.
Yes! With CoinSpot you can convert your Maker to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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