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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 – Join CEX.io

You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your Bitcoin or Ethereum.

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency 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. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find Synthetix Network Token (SNX)

Once your deposit has been verified, you will now have access to your funds and you can commence purchasing and trading. To buy Synthetix Network Token (SNX) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to find Synthetix Network Token (SNX), you'll need to put the shortname of the coin (SNX) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “SNX/BTC” to continue.

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

Once you have located Synthetix Network Token (SNX), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation Synthetix Network Token (SNX) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of SNX you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of SNX.

When you're glad, make a mouse click on “Buy SNX”. Your order will be filled when a Seller 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 Crypto Trader for an extensive period of time. To take off your Synthetix Network Token (SNX), go to the ”Funds” tab and click on “Withdraw”. Synthetix Network Token (SNX) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Synthetix Network Token (SNX) by using the given drop-down box. Enter the quantity of Synthetix Network Token (SNX) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

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

Kudos! You have successfully purchased and safed Synthetix Network Token (SNX).

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Synthetix Network Token (SNX) is stored within your wallet, you are finished.

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