Synthetix Network Token (SNX) Crypto Exchange

Instantly exchange Synthetix Network Token at the best SNX exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.

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What is Synthetix Network Token?

Synthetix is a protocol for creation and trade of digital assets. As many other DeFi projects, it is based on Ethereum. The assets are called Synths, and their prices track external assets such as the USD. The network is designed to support a limitless number of commodities, fiat, and cryptos.

To understand how to create an asset and give it value, one must first understand how the Synthetix network works. For one to make a digital product, they first have to offer collateral in the native token called SNX. The number of synths that one can offer must be equal to the number of tokens that they are willing to stake. This ensures that the collective pool of holders acts as a counterparty to the deal when converting minted synths to any real-world asset.

For context, if one wants to make a stable coin that tracks the U.S dollar, they would first use an SNX converter to move their other cryptos or fiat into SNX. They can then stake that amount and create a stablecoin.

How to Buy Synthetix Network Token?

Users can buy SNX on ChangeNOW for one of 700+ cryptocurrencies or for 50+ fiat currencies:

Pick SNX as the “You get” currency aboveChoose crypto or fiat to buy SNX withEnter your Synthetix Network Token wallet addressSend your deposit to a one-time addressReceive your exchanged coins in ~5 mins!

How to Sell Synthetix Network Token?

Swap Synthetix Network Token coins for an asset from our rich crypto selection by following the steps below:

Pick SNX as “You Send” currency above.Choose the asset you’d like to get for your SNXEnter the wallet address of the coin you’d like to getSend your deposit to a one-time addressReceive your exchanged coins in ~5 mins!