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How to Sell Maker

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Step-by-step instructions on how to sell MKR for Canadian dollars or cryptocurrency.

Maker is a well-known cryptocurrency that trades using the ticker symbol MKR . Maker was founded on 2015-08-15. While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro. To learn how to sell Maker / MKR, scroll down to the “How to sell MKR section”.

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While Maker is not Bitcoin, the most well-known cryptocurrency, it has a large community. When comparing Maker to Bitcoin, you may notice the price change is significantly different. To see more about Maker’s price, check out their CoinMarketCap page. On CoinMarketCap, you can see the exchange rate for MKR to BTC, or Bitcoin.

There is a max supply of 1,000,000 MKR that will ever be available, based on mining efforts through the miners. This means learning how to sell Maker / MKR is relatively time sensitive as all coins could in theory be purchased at some point in the future. Don’t worry, though, that’s likely decades away for most major cryptocurrencies.

All of these factors and more generally contribute to cryptocurrency prices, which is a key data point to know when selling Maker / MKR. An official system of cryptocurrency was built by the founder of Bitcoin, a mysterious figure known as Satoshi Nakamoto. This person, or group of people, is unknown but put into the world the blockchain technology system we have today. Satoshi Nakamoto added maturity to the idea of crypto mining, Bitcoin wallets, and more. Other influencers like Vitalik Buterin, founder of Ethereum and Ether, brought forth things like smart contracts, which paved the way for cloud mining.

Scroll down to learn more about Maker / MKR.

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Step by Step Guide to Sell Maker

Most users who sell MKR do so for Bitcoin (BTC) or Ethereum (ETH). While you unfortunately cannot sell MKR directly on Coinsquare, you can sell it on an altcoin exchange for Bitcoin or Ethereum and then use Coinsquare cash out to fiat currency like Euro or Canadian dollar.

To sell Maker, simply follow these steps:

1

Sign up on an altcoin exchange and fund your account with Maker or load Maker into a Bitcoin ATM

Signing up on an altcoin exchange is the easiest way to sell MKR for Bitcoin or Ethereum, which means you’ll be able to cash out faster.

2

Sell Maker for Bitcoin or Ethereum

Bitcoin and Ethereum are the two of the most widely-accepted cryptocurrencies, so that should make it easier for you to access due to higher volume and liquidity.

3

Transfer your Bitcoin or Ethereum to Coinsquare after you sign up and verify your account

Fund your Coinsquare account by clicking "Fund" in the top menu and then following instructions for Bitcoin or Ethereum, whichever one you want to fund with.

4

Sell your Bitcoin or Ethereum for fiat currency, such as Euro or Canadian dollar, using Quick Trade

Quick Trade is on the left side of your Coinsquare dashboard. You can sell any cryptocurrency on our platform in three clicks.

5

Withdraw your Euro or Canadian dollar amount directly to your bank account from Coinsquare

You can do this by clicking "Withdraw" in the top bar menu on your dashboard then following the instructions.

You can also use Coinsquare’s Referral Program to earn Bitcoin for referring your friends to Coinsquare. You will be paid in Bitcoin directly to your Coinsquare account, meaning you can sell the BTC you earned for Euro or Canadian dollar, locking in any gains you have in your portfolio.Refer Your Friends

* The preceeding in no way is to be constituted as advice, promotion or endorsement of MKR by Coinsquare, its employees or any of its affiliates. Coinsquare takes no responsibility for any decision to buy/sell MKR nor does it endores or otherwise recommend the trading of MKR. Individuals are encouraged to research and make an informed decision before buying any crypto currency.

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