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What is Synthetix?

Synthetix (SNX) formerly known as Havven is a cryptoasset-backed network that enables the creation of on-chain synthetic assets.

Synthetix has broadened Havvens vision by allowing the creation of multiple stablecoins knowns as sythns - these stable coins can be used for a variety of purposes including global remittance, purchases, funding token sales and a secure store of value.

SNX acts as collateral, provided by individuals on the Synthetix network. This enables SNX to be censorship resistant and unable to be seized. Its on chain configuration means there is no need for third party audits, as all the information is transparently stored on the Synthetix Blockchain.

Synthetix participants are incentivised to provide collateral by sharing in the reward of transaction fees generated from synth tokens.

How do I swap Synthetix?

Enter amount to swap
Select the quantity of Synthetix you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Synthetix

Why Should I Trade SNX with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Synthetix no matter what your trading experience is. Unlike other international and Australian Synthetix exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Synthetix with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Synthetix how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Synthetix?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Synthetix for free.

Cold Storage

If you are holding Synthetix as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Synthetix. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Synthetix. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Synthetix has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Synthetix is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Synthetix exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Synthetix & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Synthetix safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Synthetix portfolio here.
Yes! With CoinSpot you can convert your Synthetix to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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