How to Buy Synthetix 2022 – Beginner’s Guide


Investing in Synthetix is something that many crypto traders with an interest in decentralized finance (DeFi) are considering. The native token of the Synthetix platform, SNX could be a good long-term investment.

If you’re wondering where to buy Synthetix token and how to do so securely, this guide is for you.

We’ll review how to invest in Synthetix in the UK, US or worldwide by registering with an FCA regulated crypto platform, and speculate on some potential SNX price predictions.

How to Buy Synthetix – Quick Steps

To know the basics of how to buy Synthetix in the UK safely – follow the steps below to invest with FCA-regulated broker eToro in just a few minutes.

  • Step 1: Open an eToro account

Open an account on the eToro website by entering your personal information as required. Choose a username and password.

  • 💳 Step 2: Deposit Funds

Deposit at least $10 – or about £7, which is the minimum deposit requirement on eToro for US and UK investors. You can invest in Synthetix coin with as little as that. The available deposit methods include bank transfers, debit / credit cards, Paypal, e-wallets and more depending on your country.

  • 🔎 Step 3: Search for Synthetix

Enter ‘SNX’ to search for it and click on ‘Trade’ when you see it appear on the screen.

Enter the amount you want to trade. Your Synthetix investment amount starts from $10 on eToro. Click on ‘Open Trade’ to confirm your SNX purchase.

For a more detailed guide on how to invest in SNX, read our full review below.

Where to Buy Synthetix

Do you want to buy SNX online? If yes, then you will need to open an account with an online exchange or broker. And the process is simple.

The best Synthetix brokers that we have reviewed charge low fees, have many market options and come with robust regulations and licenses.

To choose a suitable crypto provider, our review below will be helpful. We will recommend the best places to buy Synthetix.

eToro – Overall Best Place to Buy Synthetix 

To invest in SNX in 2022 with low fees and safety, our top recommendation is eToro. etoro review

It is the best place to buy SNX from our research. Also, the process on this platform is very easy. Opening an account on the platform to make your first trade will take just a few minutes on eToro. This brokerage site has more than 20 million people registered on it.

eToro is regulated and authorized by the FCA in the UK, as well as the ASIC in Australia, and is SEC compliant in the US.

So, you can securely proceed to buy SNX with eToro. eToro has a spread system to buy and sell Synthetix. The spreads are competitive. Apart from Synthetix, eToro offers over 60 alternate cryptocurrencies.

etoro review

As well as SNX you can buy XRP, ETH, Dogecoin and ApeCoin on eToro with low fees. eToro also provides one of the best crypto wallets available to users.

eToro also supports thousands of stocks, shares and ETFs if you want to diversify your investment portfolio. It also offers currencies and hard/soft commodities. While buying a cryptocurrency on eToro, you can make use of its Copy Portfolio feature (Smart Portfolios).

Professsional investors can then manage, maintain, and rebalance your Smart Portfolio. The platform requires a minimum deposit of $10. Funding on eToro is free and easy with UK debit/credit cards or Paypal.

What makes eToro the best crypto platform:

  • Fully FCA regulated
  • Low Synthetix trading fees
  • No deposit or account fees
  • Supports social and copy trading
  • Offers a wide variety of payment methods 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Huobi – Popular Platform to Buy Synthetix with Debit Card

Huobi is another top platform to consider if you want to invest in SNX. Huobi Logo

It is a reliable cryptocurrency exchange and is one of the largest globally as per trading volume. It has over ten million registered users on the platform.

Huobi’s craze is for its low trading fees. You have the option of investing in more than 350 cryptos. It has a low 0.2% maker/taker fee. And the fee is further reduced to half if you pay in HT, which is the native token of Huobi.

On Huobi, you can also buy SNX by choosing a credit or debit card as your payment option. The platform has a ‘Quick Buy’ feature and users find the feature extremely convenient. Using a credit card will incur a higher fee. It also supports over 50 local currencies.

Huobi exchange

As far as trade opportunities are concerned, Huobi also offers futures, USDT-margined contracts, and swaps apart from spot trading.

Huobi has a streamlined trading experience. Users can also use its dedicated mobile app to trade in Huobi. The app is more suitable for new investors as it offers multiple order types, quicker withdrawals, and 24/7 customer support. Huobi has a dedicated self-custody wallet app and supports various blockchains.

What we like:

  • Low crypto trading fees
  • Supports credit & debit card purchases
  • Free crypto deposits
  • Great crypto wallet app
  • Wide range of tradeable assets

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Crypto.com – User-Friendly App to Buy Synthetix

If you want a convenient and beginner-friendly option to buy SNX, then Crypto.com is another reliable platform.Crypto.com logo

Crypto.com is one of the quickest-growing crypto exchanges across the world. It offers over 150 cryptocurrencies for users.

Like many other exchanges, it uses a maker/taker model and charges 0.4% per trade. The fee is reduced by 10% if you use Crypto.com’s native token, CRO while paying.

Another method to go for if you want to instantly invest in Synthetix coin via the Crypto.com app is using credit or debit cards. This usually incurs a fee of 2.99%, even though it is applicable only after the first 30 days of your trading. Users can fund their crypto accounts on Crypto.com by using crypto without any charge.

Crypto dot com features

However, it does not directly handle FIAT deposits yet. All withdrawals are subject to a network fee.

The Crypto.com app is well-designed and it enables users to buy and sell coins without any hassle. App users can also look for ‘Missions’ and complete these to earn rewards in Diamonds, which can then be exchanged for Mystery Boxes that have CRO. Crypto.com also offers a crypto VISA card with an impressive 8% cashback for the top tier in certain places.

What we like:

  • Very low 0.4% maker/taker fee
  • Free debit/credit card purchases for the first 30 days
  • Secure crypto wallet app
  • Over 150 cryptocurrencies to trade
  • Excellent educational resources

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Coinbase – Popular Place for Beginners to Buy Synthetix  

Coinbase is an online broker and exchange that has a license.

It is suitable for beginners who want to buy cryptocurrency. You can create your account on this platform in just a few minutes and opt for debit/credit cards or bank transfers to pay when you buy Synthetix. Coinbase has a simple interface but has high fees for certain functions.

For instance, 1.49% is the standard commission that the platform charges. To buy Synthetix instantly using your debit or credit card, the charge is around3.99%. Coinbase also adds a mark-up on spreads, which means an added fee. The minimum fee however to buy Synthetix on the platform is just £2.

coinbase platform screenshot

What we like:

  • Intuitive interface
  • Offers access to a huge range of cryptos
  • Coinbase wallet app also can store NFTs
  • No inactivity fees
  • Helpful customer support

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Binance – Top Exchange to Trade Synthetix   

Binance earlier allowed UK residents to buy crypto instantly using a debit or credit card.

You could make deposits on the platform through a local bank transfer. However, the FCA-led investigation directed Binance to not accept British pounds directly.

Binance is otherwise a good option for users looking to trade Synthetix and other cryptocurrencies as it has low fees.

For instance, the highest commission charged while buying and selling Synthetix is just 0.10% per slide. This is further reduced if you trade a huge amount or hold BNB tokens in your Binance crypto wallet.

binance platform screenshot

It allows users to access more than 1,000 digital assets markets and passively earn interest on your cryptocurrency holdings.

What we like:

  • Competitive instant buy fees
  • Huge collection of cryptos
  • Offers NFTs & staking
  • No account management fees
  • Simple account opening process

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Synthetix?

Founded in 2019, Synthetix was created as a part of the Ethereum blockchain for facilitating DeFi protocols. Their aim was to encourage trading of synthetic assets, or ‘synths’ on Ethereum. Assets that are not blockchain-oriented can be hosted in the Synthetix eco-space.

It aims to assist and enhance the financial market. SNX is the token of the Synthetix platform, a decentralized exchange (DEX) with a range of decentralized applications.

Should I Buy Synthetix?

Synthetix network has attracted a significant following in the crypto community, going on an over 500% bull run in 2021 from $5 to an all-time high of over $25.

Synthetix buy

While the price action has been in a bearish downtrend since then back down to the $5 level, it appears to have found support there and may resume its bull market as decentralized finance begins to play a larger part in the financial markets in 2022 and beyond.

The fact that the Synthetix protocol also incorporates a non-blockchain algorithm signifies that SNX coin is geared towards programmability.

The successful collaborations of the network have increased its momentum and value, and it is greatly contributing…



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