Synthetix (SNX) is a DeFi protocol that enables the creation of synthetic assets, representing real-world commodities like gold or stocks. The SNX token is used for staking and collateral.
Synthetix
's popularity has made it readily accessible through various platforms, including our app. If you're interested in buying
Synthetix
, here's how you can do it through our app:
To get started, download and install our app from your preferred app store.
With no foreign transaction fees, you can spend your crypto globally, anywhere Visa is accepted.
Deposit crypto to your Wayex Wallet or deposit $AUD via PaylD or BSB & Account Number within seconds.
Once you're verified and have your funds ready, navigate to the
Synthetix
(SNX)
section within the app. Here you can view real-time prices, historical data, and market trends.
Specify the amount of
Synthetix
you want to buy and confirm your order. You can choose to buy a fraction of a
Synthetix
or whole units, depending on your preference and budget.
Done! You have now bought
Synthetix
. What now? You can either keep your crypto in your Wayex Wallet or you can transfer it to a different hot or cold storage wallet for added security, or you can cash out and spend your crypto through the Wayex Card, which converts your crypto into fiat in real-time! It works anywhere Visa is accepted.
Synthetix is a decentralised liquidity protocol that powers synthetic assets on-chain that are representations of real-world assets like stocks, commodities, and fiat currencies. Built on Ethereum and Optimism, Synthetix allows users to trade synthetic assets without needing the actual underlying asset. As one of the pioneers of decentralised finance (DeFi), Synthetix is a key player in the tokenised asset revolution.
**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Wayex to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of Wayex products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.