How to buy Synthetix (SNX)

List of exchange platforms that support the purchase of Synthetix (SNX) token:

No exchange platform allows you to buy SNX directly in Dollars ($) as of April 23, 2024

Step 1: It is therefore necessary to go through an exchange platform accepting the Dollars ($), to buy Ethereum (ETH) or Bitcoin (BTC) from Dollars ($), then you have to exchange those BTC or those ETH for Synthetix (SNX) on an exchange offering the pairs BTC / SNX and ETH / SNX (See step 2 below)

To buy ETH or BTC from dollars, you can use the following platforms:

  • Binance (Recommended, the exchange leader, very reliable, easy to use moderate fees: less than 3% fees on transactions, for purchase in SEPA and credit card respectively. (Binance on Wikipedia)
  • Coinbase (the world leader for casual customer, moderate fees: 3.99% fees on transactions, for purchase in SEPA and credit card respectively.)
The credit card is accepted on those 2 platforms, but it is preferable to go through a bank transfer because transaction costs are generally lower than a purchase via credit card

Step 2: To exchange those Ethereum (ETH) or Bitcoin (BTC) purchased in step 1 for Synthetix (SNX), you can use the exchange platforms of cryptocurrencies to cryptocurrencies offering BTC / SNX and ETH / SNX pairs following :

For Uniswap and Balancer , it is imperative to buy and send Ethereum (ETH), because Bitcoin (BTC) is not supported by those platforms

For PancakeSwap, you need to buy Binance coin (BNB), and send it to metamask. Follow the tutorial here : Binance Smart Chain