Buy Maker in Singapore | Buy MKR in 4 Steps (June 2023)
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Table Of Contents
If you are trying to buy Maker (MKR) in Singapore, there are several questions you may have, and points to consider prior to making your purchase. This starts with the best place to buy Maker (MKR) in Singapore. Alongside this, you will want to get a lowdown on any crypto regulations as well as the tax implications of your investment.
These are all areas we will cover right here together with giving your our top 3 exchanges to buy Maker (MKR) in Singapore.
If you want to learn more about Maker (MKR), please visit our Investing in Maker guide.
How to Buy Maker (MKR) in 4 Steps
The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.
- Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Maker (MKR) cryptocurrency.
- Create an account – Verify your email address and identity.
- Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
- Buy Maker – Use your funds to Buy MKR.
Best Places to Buy Maker in Singapore
Binance is one of the top names in the world when it comes to cryptocurrency exchanges. They are extremely well-trusted and regulated in Malta under the Maltese Virtual Financial Assets Act that provides traders with further protection beyond their excellent reputation.
You can now purchase Maker (MKR) and many of the other cryptocurrencies offered by Binance directly and instantly using your credit or debit card alongside a number of other convenient methods like a direct bank transfer. These fees are a little higher than using the exchange but still very competitive at between 1%-3.5% depending on the method. Trading with the exchange you will experience one of the lowest flat fees in the industry, from 0.1%.
If you do want to start trading here, you will find the verification process is also very fast and convenient. You can be fully verified in just a few minutes with an electronic upload of a couple of basic documents. Binance also features one of the widest ranges of crypto offerings available in the sector. You will find more than 100 of the most popular cryptocurrencies all available here along with many altcoins, and their own native Binance Coin (BNB).
They also provide an easy to use trading platform available with several different trading views you can tailor to your experience level.
At Binance you will also find: Hundreds of other cryptocurrencies to trade include all major coins and a huge range of altcoins.
Take a look at our Binance Review or head to the Binance exchange to sign-up. Use Discount Code: EE59L0QP to claim a 10% cashback on trading fees.
2. Independent Reserve
Independent Reserve is an Australian exchange that offers an easy way to purchase Maker (MKR) and is extremely popular in Singapore. They currently have over 200,000 customers and are trusted by over 8,000 Self-Managed Super Funds.
The team is super transparent, and the CEO Adrian Przelozny is a board member of Blockchain Australia. They offer 24/7 responsive customer support and they are located at Level 26, 44 Market Street Sydney, 2000 New South Wales, Australia.
This exchange is extremely easy to use, and it allows you to buy directly with Singapore dollars.
At Independent Reserve you will also find: : Bitcoin (BTC), Ripple (XRP) and dozens of other cryptocurrencies.
Read our Independent Reserve Review or visit Independent Reserve.
KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
They currently offer Maker (MKR) cryptocurrency trading as well as over 300 other popular tokens. They are often the first to offer buying opportunities for new tokens.
Read our KuCoin Review or visit KuCoin.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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