A Step-by-Step-Guide on how to buy Synthetix Network Token (SNX) in Anguilla
Step 1 – Signup to Coinmama In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting your Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Synthetix Network Token (SNX) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Synthetix Network Token (SNX) Once your deposit has been affirmed, you'll directly have access to your funds and you can start purchasing and trading. To purchase Synthetix Network Token (SNX) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find Synthetix Network Token (SNX), you will need to put the shortname of the coin (SNX) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have marked this also. Click on “SNX/BTC” to advance.
Step 4 – Purchase Synthetix Network Token (SNX) Once you have discovered Synthetix Network Token (SNX), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most latest tariff Synthetix Network Token (SNX) was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of SNX you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of SNX. When you are glad, click on “Buy SNX”. Your order will be filled when a Vendor trades their SNX for the price you submitted.
Step 5 – Withdraw Synthetix Network Token (SNX) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Synthetix Network Token (SNX), hover over the tab called “Funds” and mouse click on “Withdraw”. Synthetix Network Token (SNX) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Synthetix Network Token (SNX) by using the provided drop-down box. Enter the amount of Synthetix Network Token (SNX) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.
Congratulations! You have successfully bought and stored Synthetix Network Token (SNX) in Anguilla.That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Synthetix Network Token (SNX) is safe inside your wallet, you are all done.
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