How to Buy Maker or MKR Token in India?

The crypto market has noticed a notch higher spike in the recent few years. Most of the reputed and trusted cryptocurrencies are returning a huge amount of profit to the investors, which became the major reason that the youth and financial experts are diverting their way of investing money to the crypto industry. Choosing the best cryptocurrency to gain high profits is one of the hard things as a wide range of new cryptocurrencies, with different goals and purposes, are entering this market. Maker or MKR Token is one of the cryptos returning a handsome amount as a profit. In this article, I shall describe all the necessary details about the MKR Token and How to Buy Maker or MKR Token in India using Indian Currency. Let us follow step-wise guidance on the MKR Token as below.

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About Maker (MKR)

Rune Christensen, who is a programmer and now serving as a CEO, developed the Maker/MKR Token. Maker (MKR) is an Ethereum-based Blockchain network headquartered in Denmark. It functions as both a software platform and a decentralized company. Developed in 2015, Maker allows traders to launch and lead the DAI Stablecoin. It got officially launched in 2017. MKR Token is a project whose main work is to manage the DAI. DAI, with a stable value to the USD, is also a decentralized cryptocurrency. MKR Token functions as a voting share for a network, which controls DAI. The holders of the MKR Tokens have the right to vote over the growth of the Maker Protocol but have not paid any dividends.

How to Buy Maker or MKR Token in India?

An excessive range of cryptocurrency exchanges serves its customers in India. These exchange platforms allow their investors and traders to purchase, sell, or trade-in the MKR Token or any other cryptocurrency available in the entire world. The Indian traders are now able to buy crypto in Indian Currency. Finding a trustworthy and suitable crypto exchange platform is so crucial. Binance, WazirX, CoinDCX, BuyUcoin, etc., are some of the most reliable crypto exchanges that let you buy the MRK Token or any other crypto using INR. Would you guys want to know more about these platforms? If yes, then read below to explore these platforms as I shall be explaining line-wise, starting from Binance. Check out the following steps:

Step 1: Sign up with Binance on its official website, or you can install its mobile app. You need to provide your email id as a very first step. 

How to Buy Maker or MKR Token in India

Buy Maker on Binance

Step 2: After completing your signup process, now it’s time to verify your email id to get ahead with hassle-free trading into the crypto world. 

Step 3: Hover the mouse on the Buy Crypto option and select the currency as INR by clicking on it. Now go to the P2P Trading appearing under the Currency Drop Down button.

Step 4: Now, your one-click will redirect you to a new page, on which you can buy the USDT. You will see the USDT option appearing on the top of the page and choose a seller from a list that contains the names of sellers.

How to Buy Maker or MKR Token in India

Buy MKR Token on Binance

Step 5: Now, fetch the bank account number of the seller by clicking on the seller’s name, and make the payment in exchange for the USDT to that account number. You can also prefer any payment modes for transferring the money to the selected seller.

Step 6: You need to get back to your Binance Account in order to check if the P2P Wallet receives the purchased USDT. Now hit the transfer button to move the USDT amount to the Spot Wallet. Using the Spot Wallet, you can purchase the MKR Token. You can also transfer the amount as much as you prefer.

Step 7: If your Spot Wallet contains the USDT amount, you can directly buy the MKR token by going to the Market option and use the Search Bar to look for the MKR Token appearing on the same page.

How to Buy Maker or MKR Token in India

Buy MKR Token on Binance

Step 8: Now click on the MKR Token appearing in the search result list and add the amount of the USDT. Now, you need to keep the mouse on the Buy MKR appearing at the bottom of the page and click on it to confirm your order. The Binance Account will directly get credited with the MKR Token that you purchased. You can also go to the Order History to check your transactions.

How to Buy Maker or MKR Token in India

Buy MKR Token on Binance

Other Cryptocurrency Exchanges:

A large number of cryptocurrency exchange platforms offer investors to trade in the Maker or MKR Token ensuring safety. Not only a few, but you can also buy almost every cryptocurrency available in the crypto industry in INR. The very first priority of the customers is to get the best and reliable crypto exchanges that can assure secure and safe trading. Below are two more crypto exchanges that you can count on for safe trading.

  1. WazirX:

How to Buy Maker or MKR Token in India

Buy MKR Token on WazirX

Founded in 2018 by Nischal Shetty, WazirX is one of the largest crypto exchange platforms in India, where you can trade the MKR Token and many other cryptocurrencies using its website or mobile app. It is a Mumbai-based crypto exchange. Having an easy-to-use interface, WazirX assures fast and safe trading to its clients. To trade the various cryptocurrencies in India, you must create an account on WazirX by completing a few formalities. Now get done with the KYC and add funds to the WazirX Account that you will use for making transactions in the future. You can choose any payment mode, such as IMPS, RTGS, NEFT, etc., to make the payment. 

  1. CoinDCX:

How to Buy Maker or MKR Token in India

Buy MKR Token on CoinDCX

Founded in 2017, CoinDCX is a crypto exchange that gained massive popularity just after its official launch in 2018 and became the first choice for Indian traders. It offers the clients to trade more than 205 cryptocurrencies and one fiat currency. It is not a difficult task to open an account with CoinDCX. You have to go to the official website of CoinDCX to register by providing your name, email id, mobile number, and country. Now verify your account by clicking on the welcome mail sent to your email address and complete the verification. Now you can add money to this account to start trading the Maker or MKR Token.

Conclusion:

All in all, Maker/MKR Token has experienced a boom in its price for the past couple of months. It is one of the best options to invest your funds into. I have provided the best possible information about the MKR Token, which will surely help you understand what Maker Cryptocurrency is, and how to buy the MKR Token in India using Indian Rupees, and explained a few of the safest and secured crypto exchange platforms. I hope you find the information about Maker Cryptocurrency interesting, and it will assist you with trading in the crypto market using INR. Wish you enjoy easy trading.

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