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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 will first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Send 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. Every exchange has a deposit form that is similar. Synthetix Network Token (SNX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find (SNX) Synthetix Network Token

Once your deposit has been verified, you'll directly have access to your assets and you can launch purchasing and trading. To buy (SNX) Synthetix Network Token on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (SNX) Synthetix Network Token, you'll need to put the cointype (SNX) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have marked this too. Click on “SNX/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Synthetix Network Token (SNX)
Step 4 – Purchasing (SNX) Synthetix Network Token

As soon as you've spotted (SNX) Synthetix Network Token, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order.

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

If you are glad, make a mouse click on “Buy SNX”. Your order will be filled as soon as a Vender sells their SNX for the price you introduced.

Step 5 – Withdraw (SNX) Synthetix Network Token

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive period of time. In order to take off your (SNX) Synthetix Network Token, go to the ”Funds” tab and click on “Withdraw”. (SNX) Synthetix Network Token can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SNX) Synthetix Network Token by using the given drop-down box. Drop in the amount of (SNX) Synthetix Network Token you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

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

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Synthetix Network Token (SNX) is stored within your wallet, you are finished.