{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”How do I buy MakerDAO (MKR) in South Africa?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Create an account on Bitget or Bybit, complete KYC, buy USDT via P2P with ZAR (bank transfer, FNB), then swap USDT to MKR on the spot market. Total time: 20-30 minutes. Total fees: ~0.1%.”}},{“@type”:”Question”,”name”:”What is MakerDAO (MKR)?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”MakerDAO (MKR) is the governance token of the Maker protocol, which issues the DAI stablecoin backed by crypto collateral. MKR holders vote on protocol upgrades…”}},{“@type”:”Question”,”name”:”Is MakerDAO available in South Africa?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Yes. MKR is listed on Bitget and Bybit, both of which support ZAR via P2P in South Africa.”}}]}
MakerDAO (MKR) is the governance token of the Maker protocol, which issues the DAI stablecoin backed by crypto collateral. MKR holders vote on protocol upgrades, collateral types, and risk parameters. African investors can buy and sell MKR on Bitget and Bybit.
This guide shows how to buy MakerDAO (MKR) in South Africa using ZAR on Bitget or Bybit.
✓ Network: ERC-20 (Ethereum) | ✓ Withdrawal fee: ~$0.01 | ✓ Transfer time: 5-15 minutes
How to Buy MakerDAO in South Africa
- Register on Bitget or Bybit and complete KYC.
- Buy USDT via P2P — Buy → USDT → ZAR → pick a seller accepting bank transfer, FNB. Fee: 0%.
- Spot swap to MKR — Spot → MKR/USDT → market buy. Instant. Fee: 0.1%.
- MKR is in your wallet.
Fee Breakdown
| Step | Action | Fee |
|---|---|---|
| 1 | ZAR → USDT (P2P) | 0% |
| 2 | USDT → MKR (Spot) | 0.1% |
| Total | Buy MKR | ~0.1% |