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Buy Synthetix Network Token (SNX)

snx
$3.18
+2.90%

Global Rank

#48

Market Cap

$891M

24hr Volume

$51.6M

24hr Change

+2.90%

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Synthetix Network Token

What is Synthetix Network Token (SNX)?

Derivative liquidity provider SNX ranks #46 in the CoinMarketCap. SNX is an Ethereum-powered crypto token that maintains the synthetix protocol through the collateralisation. When SNX is locked, a contract enables the issuance of synthetic assets called Synths. The pooled collateral model allows platform users to convert between Synths direct with a smart contract. This further offsets reliance on counterparties.

Synthetix was founded in 2017 by Kain Warwick, co-founder and CEO of Blueshift (another Australian company with over 1,250 locations across the country). Blueshift has become the largest crypto payment gateway in Australia, processing tens of millions of dollars in transaction volume. Buy Synthetix Network Token by creating a free trading account with Swyftx. 

How to Buy Synthetix Network Token in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy SNX

Frequently Asked Questions

Where is the best place to buy Synthetix Network Token?

The best place to buy Synthetix Network Token is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Synthetix Network Token?

Yes, Swyftx is a safe and secure platform to buy and sell Synthetix Network Token (SNX). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of SNX determined?

The price of SNX is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Synthetix Network Token with credit card?

Swyftx does not allow you to directly buy Synthetix Network Token with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy SNX instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Top Traded Assets on Swyftx

By number of orders
Bitcoin BTC
Buy
0.00%
Ethereum ETH
Buy
0.00%
Ripple XRP
Buy
0.00%
Tether USD USDT
Buy
0.00%
Frontier FRONT
Buy
0.00%

Period: Last 24 hours

Latest Synthetix Network Token News

SNX Buys and Sells on Swyftx

By number of orders
Buys Sells

0% Period: Last 24 hours 0%

This should not be used to make investment decisions.

Here's why Aussies love Swyftx

Excellent

4149 Reviews on
Arya Anil

Fantastic Platform Easy for beginners to buy, sell, swap and create recurring orders. Swyftx rewards also makes it an enjoyable platform to use.

Corina

Swyftx is easy to use, has fast deposits and withdrawals. Their Help responses are always quick and helpful and you also get to live chat with a real ...

Mark

I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...

Ben Zoljan

Great product and service

customer

The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.