Why buy Synthetix with Kraken?

About Synthetix

What can you do with Synthetix?

Swap Synthetix for other assets

Learn more about Synthetix

1. How does Synthetix work?

   Unlike traditional currencies, Synthetix is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Synthetix. This decentralization means the holders and users of Synthetix can help to maintain the network.

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2. Where can I buy Synthetix?

   Most find that the easiest and most secure way to purchase Synthetix is through a reliable cryptocurrency platform like Kraken. While Synthetix can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Synthetix.

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3. How much does it cost to buy 1 Synthetix?

   At the current market rate, it costs $3.27 to purchase one SNX. Kraken makes it easy to buy & sell Synthetix with confidence.

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4. Can I buy $100 worth of Synthetix?

   Yes, Kraken offers a secure and easy to buy $100 worth of Synthetix. At its current price, $100 equals 30.58 SNX.

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5. Is Synthetix safe to buy?

   The Synthetix price can change dramatically based on market conditions. You should do your own research on Synthetix before buying.

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6. Is Synthetix available to buy and sell in my country?

   To find out if Kraken offers Synthetix in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Synthetix a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Synthetix may be a worthwhile purchase.

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8. Can I purchase Synthetix using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Synthetix?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Synthetix I can buy?

    You can buy as little as $10 worth of Synthetix on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Synthetix regularly.

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11. Can I buy Synthetix with a debit card?

    You can buy Synthetix using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Synthetix with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Synthetix using hundreds of other cryptocurrencies. Browse the Synthetix markets available on Kraken to see how much it costs to buy Synthetix with other cryptocurrencies.

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13. How can I keep my Synthetix safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Synthetix. When you choose to keep your Synthetix on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Synthetix?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Synthetix from Kraken to my crypto wallet?

    Yes, the Synthetix you buy on Kraken is yours. Kraken makes it easy to withdraw your Synthetix to any hot wallet or cold wallet that supports Synthetix. Simply enter the external wallet address and your Synthetix will be in your wallet a few moments later.

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16. Is it safe to leave my Synthetix on Kraken?

    We take every measure possible to keep the Synthetix you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Synthetix. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Synthetix?

    The current circulating supply of Synthetix is 337,111,790 SNX.

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