The cheapest way to buy Maker (MKR) in the UK is with Binance. It’s free to deposit GBP with a UK bank transfer (Faster Payments) and you’ll pay trading fees of up to just 0.1% whenever you buy or sell cryptocurrencies like Maker (MKR) using it.
But where else can you buy Maker (MKR) in the UK?
Check out this quick post to learn about some of your best options.
Best Ways to Buy Maker (MKR)
Binance is currently one of the cheapest places to buy Maker (MKR) and dozens of other cryptocurrencies in the UK.
You can add GBP to your account using a UK bank transfer, or buy cryptocurrencies using your credit or debit card. While it’s quicker and more convenient to use a card, you will pay higher fees if you do.
You’ll pay fees of up to just 0.1% when you buy Maker (MKR) or any other cryptocurrency.
Unfortunately, you can’t directly buy Maker (MKR) with GBP on Binance. The only trading pairs available are:
This means that you’ll have to buy Binance Coin (BNB), Bitcoin (BTC). Binance USD (BUSD), or Tether (USDT) before you’re able to buy Maker (MKR).
This will double the trading fees you’ll pay, as you’ll need to make two trades.
Head over to the Binance website to learn more.
2. Coinbase Pro
Coinbase Pro is another cryptocurrency exchange available to UK residents which allows you to buy Maker (MKR).
Like Binance, you can deposit GBP with a UK bank transfer directly into Coinbase Pro. This is free and I’ve found that deposits are credited within minutes (after my initial deposit).
Fees are slightly higher though. You’ll pay up to 0.5% in fees whenever you buy or sell Maker (MKR) or any other supported cryptocurrency.
But (as with Binance), you can’t buy Maker (MKR) directly with GBP on Coinbase Pro. Instead, you’ll need to:
- Head over to the BTC/GBP market and buy Bitcoin (BTC) with GBP.
- Buy Maker (MKR) on the MKR/BTC market with the Bitcoin (BTC) you’ve just bought.
This doubles the trading fees: meaning that you’ll probably be charged up to 1% in fees to go through this process.
Head over to the Coinbase website to learn more.
CoinJar is the only option on this list where you can buy Maker (MKR) in the UK directly with GBP.
It’s also much simple, easier, and beginner-friendly than Binance or Coinbase Pro. In particular, the mobile app is great – on par with alternatives like Luno.
You can deposit GBP with a UK bank transfer into CoinJar. Like on Coinbase Pro, I’ve found that my deposits are being credited within just minutes (but my initial transfer did take longer than this).
You’ll pay a fixed fee of 1%, but the exchange rate you’re quoted will be pulled from their internal exchange. This varies day-to-day, but I’ve found that it’s recently been somewhere between 1% and 2% above the real exchange rate.
Thanks for checking out this guide on how to buy Maker (MKR) in the UK!
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