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Where & How to Buy Synthetix (SNX) for Beginners in 2025
In this guide
- 1. Where & How to Buy Synthetix (SNX) for Beginners in 2025
- 2. How to buy Synthetix quickly in 3 steps
- 3. Where to buy SNX easily
- 4. Best exchanges to buy Synthetix (SNX), reviewed
- 5. How to trade SNX
- 6. What is the best way to pay for Synthetix (SNX)?
- 7. How do I store Synthetix (SNX)?
- 8. Is now a good time to buy Synthetix?
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Synthetix coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Synthetix this way. Follow our quick step guide below.
How to buy Synthetix quickly in 3 steps
Copy link to sectionTo buy Synthetix you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to a crypto platform
Copy link to sectionSign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.
Coinbase
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.
Step 3. Buy Synthetix token
Copy link to sectionLocate the search box and type SNX. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.
Now you own Synthetix tokens! Not a big deal, right?
Where to buy SNX easily
Copy link to sectionThe overall best platform to buy Synthetix for beginners is Coinbase .
Here are the top five places to buy Synthetix, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Synthetix (SNX), reviewed
Copy link to sectionWe found 9 crypto platforms for users based in
1. Coinbase. Best secure trading platform for all types of trader
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Overview
We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.
Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure.
A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000
The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.
Highlights
| No. of tradable assets | 150+ |
| Min. Deposit | $10 |
| ID verification required | Yes |
| Free demo account | No |
| Supported assets | Crypto, NFTs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, FCA, NFA |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | No |
| Withdrawal fees | Yes |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
2. Uphold. Best for building long term wealth
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Overview
We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies.
Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention.
Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies.
The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.
Highlights
| No. of tradable assets | 250+ |
| Min. Deposit | $1 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Crypto, Commodities, |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, FinCEN |
Fees & Costs
| Trading fees | No |
| Inactivity fees | No |
| Rollover/overnight fees | Yes |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
3. KuCoin. Best social trading altcoin exchange
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Overview
We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens.
The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance.
Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
Highlights
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies |
Pros & Cons
4. OKX. Best for futures and margin trading
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Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
Highlights
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies |
Pros & Cons
How to trade SNX
Copy link to sectionYou can trade Synthetix on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how SNX crypto trading works:
- Monitor the price: For simplicity, let’s say the price of SNX/USDT is $1. You read the price charts and decide that now is a good time to start purchasing SNX.
- Open a trade: You trade one USDT for one SNX ($1 USD for 1 SNX).
- Continue to monitor the price: The following month, one SNX token is now worth $2, a 100% increase.
- Close your trade: You trade your SNX token back to USDT for $2.
In this example, you buy and sell Synthetix, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
What is the best way to pay for Synthetix (SNX)?
Copy link to sectionThe simplest way to buy Synthetix cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for SNX.
- Buy Synthetix with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Synthetix with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
- Buy Synthetix with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option, however you can find here the best crypto exchanges that accept PayPal.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Synthetix (SNX)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Synthetix then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Synthetix wallets to use are MetaMask and the Ledger Nano S.
Is now a good time to buy Synthetix?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Synthetix, selling Synthetix, and trading SNX are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Synthetix.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of SNX, then a good time to purchase Synthetix is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Synthetix and selling it the next day probably isn’t why you’re here either.
How has Synthetix (SNX) performed this year?
Copy link to sectionThe current Synthetix price today is $1.77, which is -93.84% versus its all time high of $28.77, which it reached on 14 February 2021. SNX is -50.75% this year, with a 52 week high of $5.28 and a 52 week low of $1.09.
Regardless, closely following Synthetix price news & analysis will help you decide when to pull the trigger.