How to Buy Synthetix Network Token (SNX) in Australia

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

Step 1 – Join Coinmama

You will first need to purchase units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Funds to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Synthetix Network Token (SNX) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

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

As soon as your deposit has been approved, you will instantly have access to your funds and you can start buying and trading. To invest in {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to discover {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, you will need to insert the shortname of the coin (SNX) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have 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 – Purchasing {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}

As soon as you've located {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of SNX you want to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete amount of SNX.

If you are satisfied, make a mouse click on “Buy SNX”. Your plan will be filled as soon as a Vender trades their SNX for the price you introduced.

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

Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. To withdraw your {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token}, go to the ”Funds” tab and mouse click on “Withdraw”. {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} by using the given drop-down box. Drop in the quantity of {Synthetix Network Token (SNX)|(SNX) Synthetix Network Token} you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully purchased and stored Synthetix Network Token (SNX) in Australia.

That's it!

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

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