Want to scoop up Maker (MKR) in Canada? I’m here for you. I’ve been trading crypto in Canada since 2016, digging into over 50 exchanges to find the best paths for Canadians to get MKR. With my YouTube channel, OCryptoCanada, and thousands of subscribers on board, I’ve nailed down what works for us. Whether you’re just starting or a seasoned trader, this guide will lead you to a smart, confident decision.
Disclaimer: This article contains affiliate links. They power OCryptoCanada, so we can keep bringing you independent, straight-up content. No fuss—they don’t shift our rankings. Nearly every exchange has a referral program anyway, so it’s just the crypto way!Why Buy Maker (MKR)?
Maker (MKR) isn’t just another cryptocurrency—it’s the governance token for the MakerDAO protocol, stabilizing the DAI stablecoin and powering DeFi lending. Canadians might be drawn to its financial utility and staking rewards, whether you’re in Vancouver or the Prairies. As of April 30th, one MKR costs . But a quick heads-up: crypto investments are risky, so always weigh the ups and downs before jumping in!
Where to Buy Maker (MKR) in Canada in 2025
If you’re in Canada and looking to buy Maker (MKR) in 2025, I’ve got some top platforms to share. Here’s my go-to choice for trading Maker (MKR) with ease and confidence.
1. Coinbase (Most Reputable, Beginner-Friendly Option)
Coinbase is my go-to for Maker (MKR) trading due to its easy interface and robust platform. Coinbase stands out as the most reputable exchange, best for beginners looking to buy Maker (MKR) in 2025, with learning incentives to sweeten the deal—refer my video review!
Coinbase Canada is one of the safest due to its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), 98% cold storage for digital assets, 2FA, and insurance through the Coinbase Custody Trust Company for USD balances up to $250,000—I trust it for my trades. Coinbase Canada fees include a spread of about 0.50% on Maker (MKR) transactions, with additional fees for certain payment methods like 3.99% for credit/debit card purchases; withdrawal fees vary but include a network fee for crypto. Over 200 cryptocurrencies are available for trading on Coinbase Canada, including Maker (MKR). Deposit methods include Interac e-Transfer, wire transfers, and direct crypto deposits—here’s how I do it:
- Sign up with Coinbase Canada (details below).
- Deposit CAD via Interac e-Transfer.
- Navigate to the trading section, select the Maker (MKR) pair, and execute your order.
To sign up with Coinbase Canada, you need to provide your name, email, phone number, and government-issued ID for identity verification, ensuring compliance with KYC and AML regulations—keeps it secure and legit. If you’d be so kind as to use my referral link, it helps support my blog! For Canadian traders specifically, Coinbase Canada’s user-friendly mobile app and strong security make Maker (MKR) trading accessible on the go—I’ve even imported my transactions to Koinly for easy tax reporting.
2. Bitget (Global and one of the biggest crypto exchanges)
Global and one of the biggest crypto exchanges, Ideal for daily trading with 800+ coins and low fees. Not available in Alberta & Ontario—refer my video review.
Bitget is considered safe globally with regulatory licenses in the US, Canada (except Ontario), and Australia, alongside high-security measures like $300M in cold storage, 2FA, and monthly Proof of Reserves audits. Bitget’s fees include a 0.1% spot trading fee for Maker (MKR), which can be reduced to 0.08% with BGB token payment. Futures trading fees are 0.02% for makers and 0.06% for takers. Deposits are free, withdrawal fees vary by cryptocurrency. Bitget supports trading for over 800 cryptocurrencies, including Maker (MKR). Deposit methods include bank transfers, credit/debit cards (through third-party providers), and various crypto deposits—most Canadians use their P2P marketplace or simply deposit crypto, so here’s step-by-step:
- Sign up with crypto regulated exchanges in Canada, I’ll use Coinbase in this example because of free deposit and very fast speed.
- Deposit CAD via Interac e-Transfer (or bank transfer but it will be longer) to Coinbase.
- Few mins later, if funds receive – Buy USDC with them (stablecoin attached to USD).
- Send the USDC to your Bitget Wallet (I explained in detail in my video, time code 7:27).
- Trade received USDC on Bitget to USDT and now you have access to over 800 crypto pairs on Bitget including Maker (MKR)!
To sign up with Bitget, you need to provide personal details like your name, date of birth, nationality, and identity document number, along with a photo of your ID and a selfie for KYC verification, ensuring compliance with AML and CTF regulations. Navigate to “Spot Trading,” select the Maker (MKR)/USDT pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a 50 USDT bonus when depositing over 500 USDT that helps support my blog.
3. MEXC (The cheapest exchange with the most coins)
The cheapest exchange (0.02% fees) with the most coins (2,000+). No KYC with high limits. Not available in Canada, but accessible via VPN at your own risk.
MEXC is considered safe with its licenses from Estonia and the US, alongside robust security like 98% cold storage, 2FA, withdrawal whitelisting, and a Proof of Reserve system ensuring assets are over 100% backed. MEXC is not registered under Canadian securities laws, so they technically do not provide services for Canadians with certain limitations on features due to regulatory compliance. Many use VPN and still use MEXC due to its extreme low fees and NO KYC option—I am using PureVPN. MEXC charges 0% for spot makers and 0.1% for takers for Maker (MKR), with futures at 0% for makers and 0.01% for takers. There are no deposit fees for crypto, but withdrawal fees vary by cryptocurrency. MEXC supports trading for over 2,900 cryptocurrencies, including Maker (MKR). Deposit methods include crypto transfers; no direct fiat deposit options are available, but third-party services like Banxa or MoonPay can facilitate fiat purchases. To sign up with MEXC, you don’t need KYC for basic trading, which prioritizes user privacy. However, KYC is required for higher withdrawal limits or some trading features, ensuring compliance and security. Navigate to the trading section, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $20 bonus that helps support my blog.
4. Uphold (A unique platform allowing users to trade both crypto and metals)
A unique platform allowing users to trade both crypto and metals with a self-custody wallet.
Uphold is considered safe with its Money Transmitter Licenses across several US states, an MSB license in Canada, and compliance with European regulations like MiFID II. It offers 2FA, cold storage for crypto, and regular security audits. It is legal in Canada under the MSB registration. Uphold’s fee structure includes a spread on Maker (MKR) transactions which can range from 0.5% to 1.5%, with specific fees for crypto, bank transfers, and card transactions. Withdrawal fees vary, including a fee for crypto withdrawals. Uphold supports over 120 cryptocurrencies for trading, including Maker (MKR). Deposit methods include bank transfers, credit/debit cards, and crypto deposits. To sign up with Uphold, you need to provide personal information including your name, date of birth, address, and a government-issued ID for KYC verification, ensuring compliance with AML regulations and user security. Navigate to the trading section, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
5. Newton (A regulated Canadian exchange with low fees)
A regulated Canadian exchange with low fees that covers network fees when swapping crypto—refer my video review.
Newton is considered safe with its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), FINTRAC MSB registration, and 95% cold storage for crypto assets. It also implements 2FA, daily off-site backups, and is legally compliant for operations in Canada. Newton does not charge trading fees directly; instead, it earns from the spread between buy and sell prices for Maker (MKR), which is typically 0.5% to 1%. Deposits and withdrawals are free for most methods, but network fees apply for crypto withdrawals. Newton supports trading for over 70 cryptocurrencies, including Maker (MKR). Deposit methods include Interac e-Transfer and direct crypto deposits. To sign up with Newton, you need to provide your identity through KYC, including a government-issued ID and proof of address, ensuring compliance with Canadian regulatory standards for preventing fraud and money laundering. Navigate to the trading section, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $25 bonus that helps support my blog.
6. Kraken (A global exchange with considerably low fees)
A global exchange with 200+ crypto assets available in the Canadian market and considerably low fees.
Kraken Canada is considered safe with its FINTRAC MSB registration, 95% cold storage for crypto assets, 2FA, and independent security audits. It’s legally compliant to operate in Canada, having filed a pre-registration undertaking with the OSC to become a Restricted Dealer. Kraken Canada charges a 0.16% maker fee and 0.26% taker fee on the Pro platform for Maker (MKR) volumes up to $50,000 in 30 days, with fees decreasing as volume increases. Deposits via Interac e-Transfer have a 0.5% fee, and withdrawal fees vary by method. Kraken Canada supports trading for over 200 cryptocurrencies, including Maker (MKR). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits. To sign up with Kraken Canada, you need to provide KYC information like your name, address, and a government-issued ID, ensuring compliance with AML regulations and enhancing user account security. Navigate to the Pro platform, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
7. KuCoin (One of the largest global exchanges by volume)
One of the largest global exchanges by volume. Technically not allowed in Canada, but still used by many for advanced trading and low fees. Not available in Alberta & Ontario
KuCoin’s safety is based on features like proof of reserves, 98% cold storage, 2FA, and a fund for asset security. However, in Canada, KuCoin is not compliant with current securities laws, resulting in a ban in Ontario and unavailability in other provinces for new KYC. It’s not legally operating in Canada as a regulated exchange, but some users still manage to use it with VPNs or existing accounts—I recommend PureVPN. KuCoin charges a 0.1% spot trading fee for both makers and takers on Maker (MKR), with potential reductions for holding KCS tokens. Futures trading fees are 0.02% for makers and 0.06% for takers. Crypto deposits are free, but withdrawal fees vary by cryptocurrency. KuCoin supports trading for over 700 cryptocurrencies, including Maker (MKR). Deposit methods include various cryptocurrencies; there are no direct fiat deposit options available in Canada. To sign up with KuCoin, you typically don’t need KYC for basic trading, but for higher withdrawal limits or certain features, you might need to provide ID. However, due to regulatory issues, new Canadian user verification is not supported for KYC compliance in Canada. Navigate to the trading section, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, it helps support my blog.
8. Coinsquare (Improved significantly after merging with WonderFi)
Improved significantly after merging with WonderFi. Higher fees but offers top-tier security and UX as a regulated custodial exchange.
Coinsquare is considered among the safest in Canada due to its CIRO (Canadian Investment Regulatory Organization) regulation, FINTRAC MSB registration, and being the first crypto platform to be a CIRO investment dealer. It employs cold storage for assets (97.5% of digital assets), 2FA, and has insurance for customer cash up to $1 million per account through CIPF. It is fully legal in Canada. Coinsquare’s fee structure includes a 0.5% spread for QuickTrade Maker (MKR) trades, while Pro Trade has a maker/taker model (0.2% for makers and 0.4% for takers). Deposits via Interac e-Transfer are free, but withdrawal fees apply, such as 1.5% for e-Transfer withdrawals. Coinsquare supports trading for over 50 cryptocurrencies, including Maker (MKR). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits. To sign up with Coinsquare, you need to provide personal information including your name, address, a government-issued ID, and proof of address for KYC compliance, ensuring the platform meets regulatory standards and enhances user security. Navigate to QuickTrade or Pro Trade, select the Maker (MKR) pair, and execute your order.
If you’d be so kind as to use my referral link, you’ll get a $50 bonus that helps support my blog.
9. Netcoins (Fees are on the higher end)
Fees are on the higher end (0.5%). An okay platform, but better options exist for buying crypto—refer my video review.
Netcoins is considered safe with its registration as a Money Services Business (MSB) with FINTRAC, securities registration in every Canadian province and territory, and being a subsidiary of BIGG Digital Assets, a publicly traded company. It employs 80% cold storage with BitGo, uses 2FA, and regularly publishes proof of reserves. Netcoins is fully legal in Canada. Netcoins charges a 0.5% trading fee for express Maker (MKR) trades, with no fee for deposits. Withdrawal fees include 1.5% for Interac e-Transfer, and crypto withdrawals have a small network fee. Netcoins supports trading for over 45 cryptocurrencies, including Maker (MKR). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits. To sign up with Netcoins, you need to provide personal details like your name, address, date of birth, and a government-issued ID for KYC verification, ensuring compliance with Canadian regulatory requirements for security and anti-money laundering. Navigate to the express trade section, select the Maker (MKR) pair, and execute your order. You can sign up using this link, but IMO there are better exchanges to buy this coin for Canadians.
How to Keep Your Maker (MKR) Safe
For short-term trading, keeping MKR on Newton or Kraken is fine—they’ve got solid security. But for long-term holding (think snowy staking days!), transfer it to a secure crypto wallet. Exchanges can get hacked, and I’ve seen it happen. I’ve covered the best wallets for Canadians in another guide—check it out for my top picks. Quick tip: a hardware wallet like Ledger or a software one like Trust Wallet (with MKR support) keeps it safe. Stash that seed phrase somewhere secure (not your phone!).
How to Sell Maker (MKR) in Canada
Ready to cash out? Selling MKR is a snap:
- Move your MKR back to your exchange wallet.
- On Newton or Coinsquare, hit “Sell” and convert to CAD. Bitget or KuCoin? Swap MKR to BTC/ETH, then CAD on Newton or NDAX.
- Withdraw via e-Transfer or wire. For the slickest cash-out tricks, watch my video for fees and timing tips!
Frequently Asked Questions (FAQs)
Can I buy MKR in Canada?
Yes! Newton, Coinbase, Bitget, Coinsquare, and more—9 exchanges—list MKR. Bitbuy, NDAX, and Wealthsimple don’t yet.
Which exchange is best for buying MKR in Canada?
Newton or Coinsquare for CAD ease. Bitget’s low-fee but needs crypto first. Crypto.com’s a solid pick too.
Is buying MKR a good investment?
MKR’s DeFi stability has potential, but crypto’s volatile—only risk what you’re okay losing.
Disclaimer: This article includes affiliate links. They help support OCryptoCanada, letting us keep delivering independent, no-BS content for you. No stress—these links don’t affect our rankings. After all, almost every exchange has a referral program, so it’s just part of the crypto gig!
I hope this guide helps you grab MKR in Canada with ease. Crypto’s a wild ride—do your research and stay sharp.
Happy trading!
