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.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Synthetix Network Token (SNX) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Synthetix Network Token (SNX) As soon as your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To invest in Synthetix Network Token (SNX) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To spot 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. Be certain of having choosen the correct pairing, we have marked this also. Click on “SNX/BTC” to go on.
Step 4 – Buy Synthetix Network Token (SNX) After you've located Synthetix Network Token (SNX), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our Limit Order. The ”Price” field will be automatically filled with the most recent tariff Synthetix Network Token (SNX) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of SNX you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of SNX. If you are glad, click on “Buy SNX”. Your plan will be filled when a Vendor trades their SNX for the price you submitted.
Step 5 – Withdraw Synthetix Network Token (SNX) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended time frame. In order to withdraw your Synthetix Network Token (SNX), go to the ”Funds” tab and click on “Withdraw”. Synthetix Network Token (SNX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Synthetix Network Token (SNX) by using the provided drop-down box. Drop in the quantity of Synthetix Network Token (SNX) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.