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Synthetix is the backbone for derivatives trading in DeFi. For those who are unfamiliar derivatives are securities that derive their value from an underlying asset or benchmark. Some examples of common derivatives include options, swaps, and futures contracts. The goal of Synthetix is to allow anyone, anywhere to gain on-chain exposure to a vast range of assets. To learn more visit our Investing in Synthetix guide.
We list the top 5 exchanges that offer the ability to buy Synthetix (SNX) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Uphold is a commission-free desktop and mobile trading platform that gives you access to, and the opportunity to trade Synthetix (SNX) and dozens of other cryptocurrencies. They have been in operation since 2014 and now boast a very credible reputation with more than 1.5 million users worldwide.
One of the most unique features offered by the company is that you can trade directly across asset classes. This vastly improves efficiency and allows for you to avoid any unnecessary conversion fees. So, if you want to trade Bitcoin for gold, or vice versa, Uphold is the place you can do that.
The services spread on Synthetix (SNX) and other cryptocurrency ranges from 0.8% to 1.2% depending on the asset. This is the only fee you will have to think about though with Uphold being completely transparent and charging no commission.
UK & European residents are prohibited.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Synthetix (SNX) here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.
This exchange is best for Australia, Canada, Singapore, UK & international users. USA residents are prohibited from buying SNX.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
FTX is a crypto derivatives exchange that currently offers over 100 spot markets including Synthetix (SNX) trading opportunities. They offer user-friendly desktop and mobile apps with multiple order types including derivatives, options, volatility products and leveraged tokens. They have trading tools that cater both to professional trading firms and average users.
Residents of the USA & Ontario, Canada are prohibited.
Use Discount Code: 46313462 for 5% cashback off all trading fees.
Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.
From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Synthetix (SNX).
The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.
This is our most recommend exchange for USA investors.
Gate.io was established in 2013, while it is not one of the most popular exchanges, they do offer a reputable trading platform with an easy to use interface for beginners while still maintaining robust and advanced charts for various types of skill levels including technical traders. They have a large number of altcoins including Synthetix (SNX) and they are often the first exchange to add new tokens. Best of all, they have a strong stance against any type of market manipulation.
This exchange currently accepts USA residents.