How to Buy Synthetix (SNX)

Have you been looking for a way to tokenize both crypto and real-world assets?

If so, you may want to consider Synthetix, a protocol that enables its users to mint a new kind of crypto asset, called a synth, designed to mimic more traditional assets. 

Built on top of the Ethereum blockchain, Synthetix does this without an intermediary, tracking the value of the synths on its platform using a combination of smart contracts and special data feeds that allow users to gain exposure to gains or losses in those markets.

Not sure yet why you’d want to buy SNX? Feel free to read our ‘What is Synthetix?’ guide, which offers a more extensive breakdown of the project’s technology and vision. 

Ready to dive in?

If you just want to start buying SNX right away, click the button below to begin.


Why buy SNX?

By lending cryptocurrencies to Synthetix, you can receive interest in the form of SNX, Synthetix’s native cryptocurrency. But there are other ways to get SNX besides earning it. 

how to buy synthetix snx

You may want to consider buying SNX if you want to:

  • Diversify your long-term investment strategy 
  • Invest in decentralized lending and borrowing platforms
  • Stake SNX to earn more cryptocurrency 
  • Support the development of applications on the Ethereum blockchain.

Where can I buy SNX?

购买SNX有多种方式。 然而,许多人发现通过像Kraken这样值得信赖的全球交易所购买SNX是最简单的方式。 

除了提供行业内最低的费用外,Kraken一直被评为全球最安全和最值得信赖的加密货币交易所之一。 这些因素都非常重要,因为如果您不慎将您的SNX私钥丢失,要挽回您的资金即使不是不可能,也是很有难度的。 

在Kraken, 我们将安全视为重中之重, 确保我们拥有最先进的技术、政策和程序以保护客户的资金。在安全问题上,我们不会妥协,您也不应该妥协

How much SNX can I buy?

Looking to buy SNX on a budget? Don’t worry, Kraken offers a minimum order size of 0.5 SNX to help you gain exposure to a variety of assets.

Of course, you can also execute larger SNX buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 4,100 SNX or more on Kraken.

SNX Price

How to buy SNX on Kraken

Follow the steps below to start buying SNX on Kraken: 

  1. Sign up for a Kraken account.
    First, enter a valid email address, create a new username and set a strong password to protect your account.

  2. Verify your account. 
    After providing your name, date of birth, country of residence and phone number, you can buy SNX with cryptocurrencies like BAL and KNC. In order to use fiat currency (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

  3. Deposit fiat currency.
    You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

  4. Purchase SNX!
    Once your account is funded with fiat, you’re ready to purchase SNX. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

24/7/365 Customer Support

Trading is really pretty simple! If you have any questions about buying SNX, let us know. Our support staff is online all day, every day, ready to help.

You can reach us anytime on LiveChat or by email.

buy synthetix snx

Where to keep your SNX

Once you buy SNX, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your SNX in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

Synthetix is a platform built on top of Ethereum, meaning SNX can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your SNX, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Kraken is not a wallet service

It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold SNX in their accounts, we highly encourage you to separate your SNX holdings into multiple wallets. 

Start Buying SNX

Ready to take the next step toward decentralized lending and borrowing? Click the button below to buy SNX on Kraken today!