How to buy Synthetix from Bitget 

What is Synthetix (SNX)?

Synthetix is an Ethereum-based DeFi protocol that enables the issuance and trading of synthetic assets. Established in 2018 by Kain Warwick, Synthetix is one of the leading DeFi protocols in the crypto market. It was one of the first to introduce non-blockchain assets to the crypto world, making the market more diverse, mature, and complex.

At the time of writing this, the total value locked in Synthetix is $245.7 million.

How Synthetix (SNX) Works

A synthetic asset in Synthetix is called Synth. Since synthetics are inherently derivatives, Synthetix lets users gain exposure to and benefit from the price movement of non-blockchain assets. To generate new synths, users need to deposit ETH or SNX (the native token of Synthetix) as collateral on the platform. The synths can be traded on Kwenta, Synthetix's own DEX, or other DEXes on the Ethereum blockchain.

How Many Synthetix (SNX) Tokens Are in Circulation?

SNX is the native token of Synthetix that is designed for both utility and governance. The maximum supply of SNX is 291,657,310. The circulating supply is 238,500,594.39.

How to Buy Synthetix (SNX)

Consider investing in Synthetix (SNX)? It only takes 2 minutes to create an account on Bitget and start trading SNX. 

Check out the available SNX trading pairs on Bitget!

Futures market

SNXUSDT

Spot market

SNXUSDT

Synthetix (SNX) Resources

Official Website

Official Documents

Bitget: Where The World Trades Synthetix

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Synthetix instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy Synthetix from Bitget 

What to Do After I Buy Synthetix

Store/Hold Synthetix

Many users hold on to their Synthetix with the expectation of it increasing in value. You can store your SNX safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Synthetix

You can trade Synthetix for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Synthetix trading to meet your needs.

Send Synthetix

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Synthetix online and send to anyone and anywhere with their Synthetix address.

Spend Synthetix

You can also buy goods and services with your Synthetix. More and more vendors and retailers accept Synthetix every day.

Donate Synthetix

Bitget Charity accepts Synthetix donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Synthetix so no one misses out on the growth made possible by blockchain.

Learn More About Synthetix

You can read more in-depth articles on Synthetix from Bitget Research and study how cryptocurrencies like Synthetix work on Bitget Academy

Buy and Sell SNX on the Move

Download the Bitget crypto trading app and trade your SNX plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Synthetix online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Synthetix instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Synthetix purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.