How to Buy Synthetix (SNX) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Synthetix and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Synthetix.
  2. Register a new account.
  3. Fund your account.
  4. Buy Synthetix.
SNX
$3.9621939210246

These steps are simple if you know where to buy Synthetix cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Synthetix (SNX) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Synthetix Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

88

Only

88

of these exchanges sell Synthetix.

We then filter down the entire set of possible marketplaces to only the ones that have active SNX markets.

36

Only

36

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
,
Debit Card
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Wire Transfer
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Paypal
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Apple Pay
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Google Pay
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SEPA
,
EFTCAD
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Interac
,
SGD Transfers
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3D Secure Card UK
,
Easy Bank Transfer UK
,
Faster Payments UK
,
Instant Card Cashouts UK
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PayPal UK
,

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Synthetix cryptocurrency.

You can buy Synthetix on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Synthetix (SNX)

After registering and funding your account at , you should be able to buy Synthetix after your deposit finishes processing. After you receive your SNX, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Synthetix Exchanges

Synthetix is also available on these exchanges:


Frequently Asked Questions

Yes, Synthetix is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Synthetix instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) SNX. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Synthetix, you will need to deposit funds into your exchange account - which usually has no fees - and then buy SNX, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Synthetix at Zengo, Binance, Coinbase.

Synthetix Investment & Buying Guide

Diving into the dynamic realm of digital assets, you’ve likely encountered the term Synthetix. It’s not just another cryptocurrency; it’s a pioneer in the DeFi space, offering a unique approach to asset trading. With its innovative platform, Synthetix has sparked the interest of savvy investors and traders alike.

Understanding Synthetix is crucial for navigating the evolving landscape of decentralized finance. It’s a system designed to mint synthetic assets, providing exposure to a vast array of real-world and digital assets within the blockchain. This deep dive will unveil the intricacies of Synthetix and its potential to reshape your investment strategy.

What is Synthetix Cryptocurrency?

Synthetix is a cutting-edge platform in the DeFi sector that radically expands your trading horizons. It delivers the unique ability to mint synthetic assets, mimicking real-world and digital commodities, currencies, and stocks.

How Does Synthetix Compare to Other Cryptocurrencies?

Synthetix stands out by enabling the creation of on-chain synthetic assets. This contrasts with most cryptocurrencies that represent a single asset or utility. Synthetix assets, known as Synths, track and provide returns on an underlying asset without the need to directly hold it.

Liquidity and accessibility set Synthetix apart from traditional cryptocurrencies. You’re not limited to the constraints of owning or transferring actual commodities or currencies. Moreover, Synthetix’s use of a pooled collateral model ensures high liquidity, a feature that is often lacking in other digital currencies.

The platform’s native token, SNX, is central to Synthetix’s operation. Holders can stake their SNX tokens as collateral to mint new Synths, generating passive income through transaction fees. This staking mechanism provides a dual benefit of securing the network while rewarding users, a distinct model that’s not commonly found in other crypto ecosystems.

With its innovative approach, Synthetix has carved a niche for itself by focusing on asset synthesis and trading. This makes it a significant player among other financial blockchain projects that typically emphasize payment solutions or smart contract functionality.

Leveraging smart contracts, the Synthetix network automates the issuance and settlement of Synths, ensuring rapid and secure transactions. This level of automation and security is a considerable advancement over traditional platforms and even some blockchain-based rivals.

Market participants have recognized Synthetix for its robust infrastructure and potential to bridge various asset classes. It’s a testament to the broadening capabilities and maturation of the cryptocurrency space.

Synthetix’s governance protocol also contributes to its uniqueness. By involving the community in decision-making, Synthetix aligns with the decentralized ethos of blockchain, something that’s not always prioritized in other crypto projects.

The potential applications of Synthetix reach beyond typical exchange-based trading. It’s shaping up to be instrumental in constructing a comprehensive, decentralized financial system that encompasses more than just traditional cryptocurrency concerns.

Synthetix History & Growth

Synthetix began its journey in 2017, originally named Havven. The rebranding to Synthetix occurred in 2018, marking a strategic shift towards synthetic asset issuance. Synthetix’s growth has been propelled by unique product offerings and strategic partnerships, leading to increased user adoption. In 2019, the platform launched a suite of synthetic assets, which catalyzed a significant expansion in the DeFi space.

By mid-2020, Synthetix had secured a position within the top five DeFi platforms by total value locked (TVL). The platform’s innovative staking mechanism encourages long-term holding, contributing to its steady TVL growth. Partnerships with leading protocols like Chainlink have enhanced the reliability of price feeds, critical for Synthetix’s synthetic asset stability.

Synthetix is continuously evolving, with protocol updates ensuring scalability and user experience improvements. It’s active in the governance space, empowering SNX holders with voting rights on key proposals. The platform’s focus on derivatives and liquidity provision positions it uniquely in the ecosystem, aiming to broaden the horizon for DeFi investments.

Buying Synthetix with Different Payment Methods

As you delve into the DeFi investment landscape, you might want to know about the diverse payment methods available to buy Synthetix tokens. Purchasing SNX is relatively straightforward, and here’s a guide to using multiple payment options to expand your crypto portfolio.

Buying Synthetix with a Credit Card

Buying Synthetix with a credit card is fast and user-friendly. Most major cryptocurrency exchanges offer this option; just ensure that your credit provider allows crypto transactions.

Buying Synthetix with a Debit Card

When you buy SNX tokens with a debit card, transaction fees are typically lower compared to credit cards. Select exchanges that support this method to directly spend from your bank account.

Buying Synthetix with Apple Pay

For iOS users, purchasing Synthetix via Apple Pay can be convenient and secure. Look for platforms that integrate with Apple Pay to streamline your transaction within the Apple ecosystem.

Buying Synthetix with PayPal

Leveraging PayPal’s extensive user base, some crypto trading platforms enable you to buy Synthetix with PayPal. This method offers buyer protection and a familiar checkout experience.

Buying Synthetix with a Bank Transfer

Opting for a bank transfer to purchase SNX often comes with the lowest fees. It’s ideal if you’re making large purchases though it may take a few days for the funds to clear.

Keeping Your Synthetix Safe

Software Wallets

Software wallets offer a convenient way to manage your Synthetix tokens. They’re accessible from various devices, including smartphones and computers, ensuring you can transact or check your balance anytime. However, they’re typically considered less secure than hardware wallets because they are more susceptible to online threats such as viruses and hackers. For enhanced security, always opt for wallets that encrypt your private keys and support two-factor authentication.

Hardware Wallets

Hardware wallets provide the most secure option for storing Synthetix tokens. They store your tokens offline, making them virtually immune to online hacking attempts. Top brands like Ledger and Trezor are popular choices among users looking for robust security measures. Remember that while hardware wallets are less vulnerable to cyber-attacks, it’s crucial to keep your recovery phrase in a safe place to recover your assets if the device is lost or damaged.

Selling & Withdrawing Synthetix

If you’re looking to sell your Synthetix tokens, Decentralized Exchanges (DEXs) and Centralized Exchanges (CEXs) are your primary platforms. On a DEX, you can trade directly from your wallet without an intermediary, while CEXs offer features like advanced trading options and customer support. Liquidity and slippage are critical factors affecting your trading experience; higher liquidity means lower slippage and better pricing for your tokens.

Before selling, check for transaction fees which can vary greatly between platforms and even over time. Withdrawing your funds post-sale typically involves a transfer to a personal wallet or a straight bank transfer if the exchange supports fiat conversions. Security should be your top priority during this process; use secure networks and verify all transaction details diligently.

Verification times for withdrawals can range from instant to several days depending on the platform and network congestion. Keep an eye on the market trends to time your sale, aiming to maximize returns on your investment. Remember to track your trades for taxation purposes, as crypto transactions are taxable events in many jurisdictions.

When planning your exit strategy, ensure you’re aware of the minimum withdrawal limits and the regulatory compliance requirements of your platform. Always keep your private keys secure and never disclose them to anyone to safeguard your assets.

Is Synthetix a Good Investment?

Investing in Synthetix may present unique opportunities in the DeFi space. Synthetix allows for undiluted exposure to a variety of assets, including cryptocurrencies, stocks, and commodities without physically holding them. With its proven track record, Synthetix secured its position within the top five DeFi platforms based on the total value locked. Robust growth metrics and innovative offerings signify that Synthetix could be an attractive choice for diversifying one’s crypto portfolio.

Before investing, it’s critical to consider Synthetix’s role in shaping the synthetic asset market. This platform’s partnership with Chainlink has established more reliable price feeds, a vital factor for stability and trust in the network. Furthermore, frequent protocol updates and improvements in scalability advocate for potential growth in the network’s utility and token value.

However, all investments carry risk, especially in the often-volatile crypto market. You must weigh potential returns against your risk tolerance and investment goals. It’s essential to keep updated on regulatory changes that could impact the Defi sector and Synthetix’s operations.

Always conduct thorough research or consult a financial advisor before making investment decisions. Stay informed of market trends and technological updates within the Synthetix ecosystem; these can serve as indicators of the network’s health and future potential.

Synthetix Price Predictions

When exploring Synthetix price predictions, market volatility plays a crucial role. Historical data shows that Synthetix has experienced notable fluctuations; in January 2021, its token SNX reached an all-time high.

Analysts use technical analysis to forecast Synthetix’s future movements. Since it’s an integral part of the DeFi sector, market trends can significantly impact SNX pricing.

Crypto experts often rely on trend patterns and trading volume to make predictions. These methods suggest that Synthetix has the potential for growth, especially as DeFi matures.

Various online forecasting services have made optimistic projections about Synthetix. Sites like WalletInvestor and DigitalCoinPrice provide a range of predictions, periodically updated based on current trends.

Remember, these predictions are speculative and should not be your sole investment guide. Always pair them with personal research and the latest Synthetix network updates.

Your investment journey requires staying abreast of not just Synthetix, but also the broader cryptocurrency market dynamics. Markets are unpredictable; investing in Synthetix means preparing for ups and downs.

To stay informed, regularly check established crypto analysis platforms and Synthetix community updates. They’re vital sources for the latest prediction models and community sentiment.

Additional Info

As you delve into the world of DeFi, Synthetix stands out as a robust platform that’s reshaping how you interact with synthetic assets. With its impressive growth and strategic partnerships, it’s clear why savvy investors are taking notice. Remember, the key to capitalizing on SNX lies in staying well-informed. Keep an eye on market trends and regulatory shifts to navigate this dynamic space effectively. While forecasts look promising, it’s your ongoing research and attentiveness to Synthetix’s developments that will truly guide your investment journey. Embrace the potential of Synthetix, but do so with the insight and caution of a well-informed trader.

Synthetix (SNX)
Price
$3.9621939210246
24h Change
-3.4
7d Change
9.5