How to Buy Synthetix Network Token (SNX)

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

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Synthetix Network Token (SNX) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find Synthetix Network Token (SNX)

Once your deposit has been approved, you'll immediately have access to your finances and you can initiate buying and trading. To buy Synthetix Network Token (SNX) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

To spot Synthetix Network Token (SNX), you'll need to put the short name of the asset (SNX) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this also. Click on “SNX/BTC” to proceed.

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

As soon as you have located Synthetix Network Token (SNX), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our Limit Order.

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

When you're happy, make a mouse click on “Buy SNX”. Your order will be filled when a Vender trades their SNX for the price you submitted.

Step 5 – Withdraw Synthetix Network Token (SNX)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Synthetix Network Token (SNX), go to the tab called “Funds” and mouse click on “Withdraw”. Synthetix Network Token (SNX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Synthetix Network Token (SNX) by using the given drop-down box. Drop in the quantity of Synthetix Network Token (SNX) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Synthetix Network Token (SNX) is safe within your wallet, you're all done.