Buy Maker.
Purchase MKR in a few taps. Buy with a credit, debit card or bank transfer.
Purchase MKR in a few taps. Buy with a credit, debit card or bank transfer.
Maker (MKR) is the governance token behind the MakerDAO and Maker Protocol — decentralized platforms built on Ethereum that enable the creation and management of DAI, the world's first decentralized stablecoin. Introduced in 2017, Maker pioneered some of the foundational concepts of decentralized finance (DeFi), offering users a trustless way to generate stable value without relying on traditional banks.
Through the Maker Protocol, users can deposit a variety of crypto assets, such as Ether (ETH) or Wrapped Bitcoin (WBTC), into smart contract-based Vaults to mint DAI. To maintain DAI’s 1:1 peg to the US dollar, the system requires overcollateralization, ensuring there is always more value backing DAI than the stablecoin’s total issuance. If a Vault’s collateral falls below the minimum threshold, the system triggers an automatic liquidation to stabilize the ecosystem.
The MKR token plays a critical role in maintaining the health and governance of the Maker ecosystem. MKR holders participate in key decisions, such as approving new collateral types, adjusting risk parameters, setting stability fees, and updating system governance processes. This decentralized governance model ensures that no single entity controls the Maker Protocol, aligning incentives between users and stakeholders.
The total supply of MKR tokens is capped at 1,005,577, with a circulating supply currently around and a total supply of 467,240.76. The current price of MKR stands at $1,955.49, contributing to a market capitalization of approximately . Maker reached its all-time high price of $6,292.31 on May 3, 2021.
Beyond governance, MKR also acts as a recapitalization resource. In extreme market events where the system becomes undercollateralized, new MKR tokens can be minted and sold to raise the necessary collateral, ensuring DAI’s stability even in volatile conditions. This mechanism further reinforces the value proposition of MKR as both a governance and risk-management asset.
Swap assets for MKR with fixed price execution on Nexo’s crypto exchange.
Borrow funds from 2.9% interest without selling any of your Maker.
Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.
Make free Maker transfers to your family or friends as long as they have a Nexo account.
After verifying your account:
You can buy Maker directly with a credit or debit card, as well as cards connected to your Apple Pay or Google Pay.
To learn more about how to buy Maker via card, visit our dedicated Help Center article.
You can top up funds from your local bank via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of MKR you want.
To start receiving crypto cashback on MKR purchases, your account balance needs to be above $5,000 worth of digital assets. The specific amount you receive depends on your Loyalty Tier.
To get the maximum crypto cashback amount, maintain an account balance above $5,000 worth of digital assets and join the Platinum Loyalty Tier by holding at least 10% of NEXO Tokens against the rest of your portfolio.
To find out the exact reward rates for each tier, visit our Help Center.
We use multiple custodians including Ledger Vault, Fireblocks, and others, to diversify our custodial infrastructure. Along with that we offer:
You can learn more about our fundamentals here.
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