How to Buy Canadian Dollar (CAD) with Maker (MKR)
To buy Canadian Dollar using Maker, first, find a cryptocurrency exchange that supports the CAD/MKR trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your MKR into your exchange wallet. Locate the CAD/MKR pair on the trading platform and place an order to exchange your Maker for Canadian Dollar. If the CAD/MKR pair is unavailable, you can first exchange Maker for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Canadian Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Canadian Dollar (CAD) for Maker (MKR)
To sell Canadian Dollar for Maker, first, find a cryptocurrency exchange that supports the CAD/MKR trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your CAD into your exchange wallet. Locate the CAD/MKR pair on the trading platform and place a sell order to exchange your Canadian Dollar for Maker. If the CAD/MKR pair is unavailable, you can first sell Canadian Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Maker. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.