How to Buy Synthetix Network Token (SNX)

A Step-by-Step-Guide on how to buy Synthetix Network Token (SNX)

Step 1 – Signup to CEX.io

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Synthetix Network Token (SNX) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (SNX) Synthetix Network Token

As soon as your deposit has been verified, you will directly have access to your funds and you can start invest and trading. To purchase (SNX) Synthetix Network Token on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

In order to find (SNX) Synthetix Network Token, you will need to insert the cointype (SNX) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this also. Click on “SNX/BTC” to advance.

Binance Hot To Buy Synthetix Network Token (SNX)
Binance How to Buy (SNX) Synthetix Network Token
Step 4 – Acquisition of Synthetix Network Token (SNX)

After you've discovered Synthetix Network Token (SNX), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate Synthetix Network Token (SNX) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of SNX you wish to buy. The ”Total” field is the whole price in BTC that you will pay for the whole quantity of SNX.

If you're happy, make a mouse click on “Buy SNX”. Your order will be filled as soon as a Vendor sells their SNX for the price you submitted.

Step 5 – Withdraw Synthetix Network Token (SNX)

Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. In order to take off your Synthetix Network Token (SNX), hover over the tab called “Funds” and click on “Withdraw”. Synthetix Network Token (SNX) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Synthetix Network Token (SNX) by using the provided drop-down box. Drop in the quantity of Synthetix Network Token (SNX) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored Synthetix Network Token (SNX).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Synthetix Network Token (SNX) is safe inside your wallet, you're finished.