How to Buy Synthetix Network Token (SNX) in Armenia

A Step-by-Step-Guide on how to buy Synthetix Network Token (SNX) in Armenia

Step 1 – Join Coinmama

You will first need to purchase units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Synthetix Network Token (SNX) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}

As soon as your deposit has been confirmed, you will instantly have access to your assets and you can initiate purchasing and trading. To buy {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To spot {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, you will need to put the short name of the asset (SNX) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this also. Click on “SNX/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Synthetix Network Token (SNX)
Step 4 – Buying {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}

Once you have found {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The ”Price” field will be filled with the up-to-date rate {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SNX you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole amount of SNX.

When you are glad, make a mouse click on “Buy SNX”. Your plan will be filled as soon as a Seller sells their SNX for the price you offered.

Step 5 – Withdraw {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}

Unless you're trading, you should never keepyour coins on an Exchange for an longer time frame. In order to take off your {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, hover over the tab called “Funds” and click on “Withdraw”. {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} by using the provided drop-down box. Put into the amount of {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully bought and stored Synthetix Network Token (SNX) in Armenia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} is safe within your wallet, you are done.

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