How to Buy Synthetix Network Token (SNX)

Price of Synthetix Network Token (24h)$2.13

Interested in buying Synthetix Network Token (SNX) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Synthetix Network Token (SNX) instantly wherever you are! Check out all the ways you can buy SNX on KuCoin.

Buy Synthetix Network Token (SNX) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Synthetix Network Token (SNX)

Use a variety of payment options to buy Synthetix Network Token on KuCoin. We'll show you how.

Choose How You Want to Buy Synthetix Network Token on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Synthetix Network Token (SNX).

Buy Synthetix Network Token (SNX) with a Credit or Debit Card

This is the easiest way for new users to purchase (SNX). Link your credit or debit card to your account, enter the purchase amount, then wait for the transaction to be completed.

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How to Buy Crypto With Credit Debit Card Web

Buy Synthetix Network Token (SNX) via Bank Transfer

Depending on the region you are in, bank transfers are also a safe and convenient way to buy Synthetix Network Token. You can purchase SNX once the funds arrive in your account.

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Buy Synthetix Network Token (SNX) Using Third-Party Channels

KuCoin supports a variety of leading third-party payment processors. Visit our third-party payment page to view available methods in your region.

Buy Synthetix Network Token (SNX) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Synthetix Network Token (SNX). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Synthetix Network Token (SNX) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Synthetix Network Token (SNX).

Tip: KuCoin offers a variety of order types to buy Synthetix Network Token (SNX) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Synthetix Network Token (SNX) in your Trading Account.

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Get Your First Synthetix Network Token (SNX) with KuCoin

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How to Store Synthetix Network Token (SNX)

The best way to store Synthetix Network Token (SNX) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Synthetix Network Token (SNX).

Store Synthetix Network Token in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Synthetix Network Token in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Synthetix Network Token (SNX) to a non-custodial wallet. Storing Synthetix Network Token (SNX) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Synthetix Network Token (SNX) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Synthetix Network Token (SNX).

What Can You Do with Synthetix Network Token (SNX) on KuCoin?

Hold

Store your Synthetix Network Token (SNX) in your KuCoin account.

Trade

Trade Synthetix Network Token (SNX) in the spot and futures markets.

Earn

Earn passive income by staking or lending Synthetix Network Token (SNX).

Why Is KuCoin the Best Platform to Buy Synthetix Network Token (SNX)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Synthetix Network Token and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Synthetix Network Token (SNX) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain SNX in an instant when you buy on KuCoin.

Trade

Spot

Futures

SNXUSDTM

‎$ 2.11200000

-1.67%

Futures

FAQ

Is Synthetix (SNX) a Good Investment?

SNX Coin, the native token of the Synthetix network, is unique in several ways compared to other cryptocurrencies. Here are a few of the key features that could make SNX a good investment:

Product

As a platform for synthetic assets, SNX Coin is an interesting option for traders and investors who want to participate in the price movements of various assets without physically owning them.

Security

SNX tokens are used as collateral for the issuance of synthetic assets. This means that the total value of circulating synthetic assets is always backed by the value of the locked SNX tokens, ensuring the system is over-collateralized and reducing counterparty default risks.

Energy Efficiency

Synthetix uses a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient than the Proof-of-Work (PoW) consensus used by many other cryptocurrencies.

What Is the Synthetix Network (SNX) Price Prediction?

There are several reasons why the price of Synthetix Network (SNX) could increase in the future:

Increasing Adoption and Usage

As more users and traders utilize the Synthetix Network, the demand for SNX tokens could rise and increase the price.

Expansion of Synthetic Asset Offerings

Synthetix has expanded its range of synthetic assets, which could attract more users and traders to the platform and increase the demand for SNX tokens.

Reduced Gas Fees

Synthetix recently transitioned to the layer-2 Optimism network to lower gas fees and increase transaction speeds, which could make the platform more attractive to users and traders.

Partnerships and Collaborations

Synthetix has already partnered with several other projects and platforms, such as Curve and Ren, which could help increase the adoption and usage of the Synthetix Network and boost the demand for SNX tokens.

Positive Developments and Updates

The Synthetix team continues improving the platform, regularly releasing new features and updates. Positive developments and updates could strengthen confidence in the project and spur demand for SNX tokens.

What Is SNX Token Used For?

SNX is the native token of the Synthetix protocol and has the following functions:

Collateral

SNX tokens are collateral for the synthetic assets minted on the platform. SNX tokens are locked up in a smart contract whenever synths are issued.

Safeguard Mechanism

Synthetix placed a safeguard mechanism to prevent a fall in the prices of SNX tokens. This method has previously prevented a severe drop in the price of SNX crypto after Synthetix announced a considerable increase in the supply of SNX tokens.

Crypto Asset to Trade and HODL

Trade Synthetix token against other cryptocurrencies to capitalize on fluctuating market circumstances and volatility. You can buy or sell SNX on the KuCoin Spot Market or hold it for an extended period if you have faith in the long-term prospects of the Synthetix network. We recommend doing your own research (DYOR) before trading to reduce risk exposure.

Earn Passive Income on KuCoin

Use KuCoin Crypto Lending to generate passive income using your SNX holdings. Head here to lend liquidity in SNX to our platform over seven days, 14 days, or 28 days, and earn attractive daily interest.

Can You Stake Synthetix (SNX) Token?

Yes, SNX token holders can stake their tokens and earn rewards for providing liquidity to the Synthetix Network. By staking $SNX, users can create demand for them. When you stake SNX, you also receive rewards in the form of newly minted SNX tokens, which are distributed as an incentive for providing liquidity to the network to the stakers.

Can You Mine SNX Crypto?

No, Synthetix (SNX) cannot be mined. SNX tokens are created through inflationary rewards distributed to stakers who provide liquidity to the network by locking their tokens in the staking contract. The inflationary rewards are generated through newly minted SNX coins held in custody for one year.

They are distributed to the stakers as an incentive for securing the Synthetix protocol and participating in its governance. This reward system is designed to incentivize coordination and growth within the network.

Synthetix Network Token (SNX) Price Analysis

Live Price

The live price of SNX is 2.11 USD, representing an increase of 2% in the past 7 days and -1.78% decrease in the past 24 hours.

Historical Trends

The all-time high of SNX was -- USD on Invalid date, from which the coin is now down .
The all-time low of SNX was -- USD, from which the coin is now up .

ATL --

ATH --

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Disclaimer

Given the nature of the crypto market, the price of Synthetix Network Token (SNX) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.