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Frequently asked questions

Like most crypto, the value of MKR is heavily tied to that of Bitcoin. But the strength of the coin is dependent on governance decisions taken by those who hold it.

You can sell Maker on a crypto exchange.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

It’s difficult to predict the future trajectory of any cryptocurrency, and MKR is no exception. You might look at the shifts in the internal governance of the network — but doing so requires a degree of expertise, and these changes are often already priced in. The best time to sell MKR, therefore, is when you perceive it to be overvalued.

Don't miss out on a good selling point and set a yourself price alert.

When you sell Maker via an exchange, you’ll be subject to additional fees. Bear these in mind before you make your decision, especially when the case for selling is a marginal one.

The way you get paid after selling your Maker will depend on the exchange you’re using. Some will transfer you the money directly, others offer the option of using a service like PayPal. You can compare the available options using Cryptoradar.

In most countries, cryptocurrencies like MKR are considered digital assets, and therefore liable for capital gains tax. If you invest in maker and later sell it for a profit, you might be obliged to declare it.

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