Buy Maker Now<\/span><\/a><\/div>\nAlways consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.\u00a0<\/i><\/p>\nStep 2: Deposit Funds to Your Trust Wallet\u00a0<\/b><\/span><\/h3>\nAfter the setup process is complete, you need funds to start a transaction. So, the next thing is to deposit some funds into your Trust Wallet. Then, you will be able to use the funds to buy Maker on Pancakeswap. As earlier stated, there are two ways you can do this.<\/span><\/p>\nTransfer Digital Assets from Another Wallet<\/b><\/p>\n
If you have another wallet with cryptocurrency in it, you can transfer the tokens into the Trust Wallet. Doing this is quite simple, and here are the steps.<\/span><\/p>\n\n- Click the ‘Receive’ button and choose the cryptocurrency you want to transfer to the Trust Wallet.<\/span><\/li>\n
- You will get a unique wallet address for that particular cryptocurrency<\/span><\/li>\n
- Copy this unique address and go to the other wallet where you have the cryptocurrency<\/span><\/li>\n
- Paste the address in the wallet, enter the number of tokens you want to transfer, and confirm.<\/span><\/li>\n<\/ul>\n
The tokens will appear in your Trust wallet in a few minutes.<\/span><\/p>\nBuy Crypto With Your Credit\/Debit Card<\/b><\/p>\n
If you are a crypto newbie learning how to buy Maker for the first time, you likely don’t have any digital tokens to hand. In that case, you will need to buy some to proceed. Interestingly, you can do that on Trust Wallet using your credit\/debit card. Here are the steps for doing this:<\/span><\/p>\n\n- Click the ‘Buy’ button at the upper part of the Trust Wallet<\/span><\/li>\n
- A list of all the tokens you can buy using your card will be shown<\/span><\/li>\n
- You can buy any token you want, but it is advisable to buy Binance Coin (BNB) or another established coin like Ethereum or Bitcoin<\/span><\/li>\n
- Since you are buying crypto using fiat currency, you will need to complete a Know Your Customer (KYC) process.<\/span><\/li>\n
- This involves entering some personal information and uploading a copy of your government-issued ID.<\/span><\/li>\n
- Once you are done with this, enter your card details, number of tokens you are buying, and confirm<\/span><\/li>\n<\/ul>\n
For this process, the crypto will appear in your wallet immediately.<\/span><\/p>\nStep 3: How to Buy Maker through Pancakeswap<\/b><\/span><\/h3>\nNow that you have digital assets in your Trust Wallet, you can head over to Pancakeswap and buy Maker through a direct swap process.\u00a0<\/span><\/p>\n
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\n- Click the ‘DEX’ button and select the ‘Swap’ tab.<\/span><\/li>\n
- You will see the ‘You Pay’ tab. Pick the token you want to pay with from the list provided, and enter the token amount.<\/span><\/li>\n
- This will be the cryptocurrency you transferred to your wallet or bought using your credit\/debit card in Step 2.<\/span><\/li>\n
- You will see the ‘You Get’ tab. Select \u2018Maker\u2019 from the list of tokens from the drop-down box.<\/span><\/li>\n<\/ul>\n
The equivalent in Maker of the number of tokens you entered under the ‘You Pay’ tab will be displayed, so you can see the amount of MKR you will get. Now click the \u2018Swap\u2019 button to complete the transaction and buy Maker. With this simple process, you have bought Maker tokens using Pancakeswap.<\/span><\/p>\nStep 4: How to Sell Maker<\/b><\/span><\/h3>\nIf you are buying any cryptocurrency, you are most likely doing it to make some profits later on. When that time comes for you to sell your Maker tokens, you can do so through various means.\u00a0<\/span><\/p>\nHow you sell will depend on what your end target is.\u00a0<\/span><\/p>\n\n- For example, if your goal is to swap Maker into another cryptocurrency, you can easily do this using Pancakeswap.<\/span><\/li>\n
- Although the process is the same, it will be in reverse. This means that it will be Maker that you will select under the ‘You Pay’ tab.<\/span><\/li>\n
- If you want to sell your Maker into fiat currency, you have to use a third-party exchange for the process.<\/span><\/li>\n<\/ul>\n
An excellent example of such an exchange is Binance. You can transfer your Maker tokens into Binance, sell them for fiat currency, and request to withdraw the money back to your bank account.\u00a0<\/span><\/p>\nHowever, before you can withdraw fiat currency on Binance, you will need to complete a KYC process. This is in compliance with anti-money laundering laws.<\/span><\/p>\nWhere to Buy Maker Online<\/b><\/span><\/h2>\nEven though the circulating supply of Maker has not yet surpassed 1 million tokens, its market cap is already in the billions of dollars. This means it is very popular with investors and subsequently listed on several crypto exchanges.\u00a0<\/span><\/p>\nThis gives you several options as to where you can buy MKR. But of all the available options, Pancakeswap is still the best place for you to buy Maker, and below we will show you why.<\/span><\/p>\nPancakeswap \u2014 Buy Maker through a Decentralized Exchange<\/b><\/span><\/h3>\n
The primary advantage of Pancakeswap is that it offers decentralized services. This means you don’t need a third party to complete a transaction. Instead, you just swap your chosen digital token into Maker.<\/span><\/p>\nThe first step to use Pancakeswap is to get a compatible wallet. Several crypto wallets fall into this category, but as we have stated, Trust Wallet is the best option. Regardless, some other options you can use include MetaMask, SafePay Wallet, TokenPocket, and MathWallet.<\/span><\/p>\nAfter selecting a provider and connecting it to Pancakeswap, you will need to get funds into the wallet to buy Maker. Of course, the easiest way is to transfer cryptocurrency from another wallet.\u00a0 However, if you’re using Trust Wallet, you can still choose to buy tokens with your debit\/credit card.\u00a0<\/span><\/p>\n
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This option allows you to purchase crypto with fiat money. Generally, you will have to complete a KYC process if you\u2019re using a credit\/debit card. Pancakeswap is the place for all kinds of tokens. Apart from Maker and other popular coins such as Ethereum and Bitcoin, it also supports heaps Defi coin.\u00a0<\/span><\/p>\nAnother impressive thing about Pancakeswap is that it lets you earn rewards on the tokens you’re not using. This happens because idle tokens provide the exchange with liquidity, making you eligible for staking rewards. This gives you the best of both worlds – not least because you can earn income while watching your crypto tokens increase in value!<\/span><\/p>\nPros:<\/b>
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\n- <\/i> Exchange digital currencies in a decentralized manner<\/li>\n
- <\/i> No requirement to use a third party when buying and selling cryptocurrency<\/li>\n
- <\/i> Supports a sizable number of digital tokens<\/li>\n
- <\/i> Allows you to earn interest on your idle crypto funds<\/li>\n
- <\/i> Sufficient levels of liquidity – even on smaller tokens<\/li>\n