Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading Maker

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4.36 based on 4572 votes


4.1 based on 2392 votes


4.02 based on 971 votes


Want to leave your cash at home? These cards support Maker.

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3.46 based on 769 votes


3.2 based on 137 votes

Coinbase Card

3.07 based on 206 votes


So you've made a little Maker and now you want to spend it? These are the places to do it!

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4.23 based on 13 votes


4.16 based on 63 votes


Find the wallet that suit your security, ease of use and anonymity needs for Maker.

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3.91 based on 47 votes

Ledger Nano X

3.83 based on 47 votes

Ledger Nano S

3.77 based on 188 votes


Learn more about Maker.

Similar to Tether and Paxos, that we have mentioned on Cryptowisser before, Maker is an asset-backed collateralized token that users can redeem towards their underlying backing asset. In this case however, the proprietary collateralized token for Maker is backed by Ethereum as opposed to FIAT currency. They are creating this ecosystem with the simple banking system as it’s basis. However, in this case they have employed blockchain technology to allow simpler and swifter international payments and P2P transfers.

They are virtually copying the fractional reserve banking ideals that cryptocurrencies are revolting against, but fine-tuning them for the application of blockchain. Consequently, users can regard this as a sanctuary which avoids the volatility of main markets. This way, they are removing one of the big obstacles in the way for mass adoption of cryptocurrencies. For example, there’s hardly anyone who wants to spend 10,000 in crypto to buy a pizza, to then find out 8 years later that the value has skyrocketed to tens and tens of millions of dollars.

The Maker organization has named their stablecoin, DAI. 1 DAI = 1 USD. But, as we mentioned earlier, this currency is pegged to Ethereum. Consequently, they have created DAI as a ERC20-token on the Ethereum blockchain, and it cannot be mined. Instead, the MKR tokens are burned in order to sustain stability of DAI to keep it hovering around 1 USD.

MakerDAO, is a truly ambitious project in the vast jungle of collateralized stablecoins. It took the developers three full years to deploy the currency on the Ethereum mainnet, so obviously they are diligent on delivering a stable solution. With the collaborational model of DAI, MKR and ETH they can ensure a different type of stability than other asset-backed tokens.