How to Buy Synthetix Network Token (SNX)

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Funds to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Synthetix Network Token (SNX) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Synthetix Network Token (SNX)

As soon as your deposit has been verified, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase Synthetix Network Token (SNX) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot Synthetix Network Token (SNX), you will need to insert the cointype (SNX) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've marked this also. Click on “SNX/BTC” to proceed.

Step 4 – Buying Synthetix Network Token (SNX)

As soon as you have located Synthetix Network Token (SNX), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Synthetix Network Token (SNX) was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of SNX you like to buy. The ”Total” field is the total price in BTC that you will pay for the complete amount of SNX.

When you're glad, click on “Buy SNX”. Your plan will be filled as soon as a Vender trades their SNX for the price you offered.

Step 5 – Withdraw Synthetix Network Token (SNX)

Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your Synthetix Network Token (SNX), hover over the ”Funds” tab and click on “Withdraw”. Synthetix Network Token (SNX) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click “Submit”. You may be asked for email/phone verification before a withdrawal.