how to buy Synthetix coin

How to Buy Synthetix Right Now

In this article, we will show you how to buy Synthetix easily. By the end of this article you would learn how to buy SNX with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Synthetix? Our review
  2. Current prices
  3. Where to buy SNX
  4. How to safely store SNX
  5. Frequently asked questions

Current Synthetix Price Stats

SNX Price $7.1030 USD
Price Change24h $-0.7670 USD (-9.75%)
24h Low / 24h High $6.7950 / $8.6630 USD
Trading Volume24h $942,606 USD
MarketCap $1,623,309,824 USD

What is Synthetix? A Review

Synthetix (SNX) is a rebranding of (HAV).Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties.This mechanism is designed to solve the liquidity and slippage issues experienced by DEX’s. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX. 

how to buy Synthetix

Where and How to Buy Synthetix (SNX) Coin

There are 3 steps to purchasing Synthetix. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase SNX directly with USD. They are: Coinbase, Gemini, Kraken, Cexio, Bitfinex, ftx, P2PB2B, .
  2. Move the Bitcoin to an Exchange that supports SNX: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the SNX/BTC trading pairs.
    At the moment, SNX is currently available for purchase with Bitcoin at Kraken, HuobiPro, OKEX, huobikorea, Kucoin, CoinEx, oneinch, uniswap, Coinbase, Kraken, Liquid, Binance, aax, HuobiPro, Poloniex, HitBTC, huobikorea, Kucoin, Coinsbit, CoinEx, decoin, P2PB2B, .
  3. Buy Synthetix on the Exchange: Now, you can buy Synthetix with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different SNX pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
Coinbase SNX/USD $9,018,376 USD AA
Gemini SNX/USD $515,532 USD AA
Kraken SNX/USD $1,104,700 USD AA
Cexio SNX/USD $3,263 USD A
Bitfinex SNX/USD $61,886 USD A
ftx SNX/USD $267,281 USD A
P2PB2B SNX/USD $30,674 USD D

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Coinbase SNX/BTC 13.6979 BTC AA
Kraken SNX/BTC 2.8173 BTC AA
Liquid SNX/BTC 0.0380 BTC A
Binance SNX/BTC 89.3977 BTC A
aax SNX/BTC 10.9962 BTC A
HuobiPro SNX/BTC 10.2631 BTC A
Poloniex SNX/BTC 1.1517 BTC A
huobikorea SNX/BTC 9.4138 BTC B
Kucoin SNX/BTC 1.6970 BTC B
Coinsbit SNX/BTC 1.9875 BTC B
CoinEx SNX/BTC 1.2999 BTC C
decoin SNX/BTC 5.4264 BTC C

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken SNX/ETH 77.8548 ETH AA
HuobiPro SNX/ETH 53.6647 ETH A
huobikorea SNX/ETH 49.6996 ETH B
Kucoin SNX/ETH 41.8055 ETH B
CoinEx SNX/ETH 33.7750 ETH C
oneinch SNX/ETH 94.5649 ETH -
uniswap SNX/ETH 0.8063 ETH -

How to Safely Store Synthetix Crypto

Once you buy Synthetix, the next question you'd have is "where do I store my Synthetixs?". It is quiet easy to store your Synthetix tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Synthetix. If Synthetix is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Synthetix for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy SNX with Dollars (USD)? You can buy Synthetix (SNX) with U.S Dollars on Coinbase, Gemini, Kraken, Cexio, Bitfinex, ftx, P2PB2B, .
Where can I purchase SNX with my Bitcoin (BTC)? As of today, you can buy Synthetix with Bitcoin on any of the following exchanges: Coinbase, Kraken, Liquid, Binance, aax, HuobiPro, Poloniex, HitBTC, huobikorea, Kucoin, Coinsbit, CoinEx, decoin, P2PB2B, .
I have Ethereum. Where can I buy SNX with ETH? Synthetix is available for purchase using ETH on these Crypto exchanges: Kraken, HuobiPro, OKEX, huobikorea, Kucoin, CoinEx, oneinch, uniswap, .
How much is Synthetix? Right now, the price of SNX is $7.1030.
Is Synthetix Crypto a good Investment in 2021? Our analysis shows a possible all time high of $25.5556. So yes. SNX is a good investment.

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