How to buy Synthetix (SNX) Token. Project explained, price and risks

Purchasing Synthetix (SNX) on Binance

Binance is one of the world’s leading trading platforms.

Therefore, the first thing you must to do if you want to start trading on it is to learn how to get Synthetix (SNX).

For this reason, in this post we’ll try to give you all what you need to know to buy Synthetix (SNX) on the Binance crypto exchange.

Be able to register on Binance

The only way to begin trading on Binance is subscribing to it.

Just follow each of the instructions listed below.

On the Binance main page you have to locate the "Register" button and click on it.

Go directly to Binance by pressing here.

Look for the "Register with a phone or email" button in the main page and click on it.

The Binance platform is totally compatible with iOS mobile devices as well.

For the purpose of this article, the email address subscription process will be described.

• In the screen you’ll immediately see, select your country of residence from the drop down list.
• The next step is creating a safety password. This is of vital importance since it’s all about your money, so you must to invent a really strong one
• Whether you wish to be informed periodically via e-mail about Binance news, mark in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. Your account has been created Next step is the e-mail verification

You should have received an e-mail in the address you’ve just used for creating your Binance account. In its text you’ll see an activation password you’ll have to will enter in the corresponding box. Then click on "Send"

You’re now a Binance user!.

You can now enter the Binance platform and review all the options it offers.

That’s the best way to realize how practical the Binance platform is, and how quick you can begin trading Synthetix (SNX).

The ID checking is a required step you have to fulfill to gain access to all these options.

Please, take into account that it will be only after you have completed this safety step that you’ll be able to begin operating with Synthetix (SNX).

In the following paragraphs, you’ll see how to do that. Hassle-free.

Verify your Binance account to start trading

These are the steps to verify your Binance subscription and get the authorization to start operating:

On the main screen, place the mouse pointer on the user profile menu and a list will immediately appear where you will have to press "Security"

Or simply look for the "Verify" button on the top of the navigator window

In the list shown on the left-hand area of the navigator window, pick the "Identification" option.

Country of residence is the first thing you must choose.

Now, the three verification levels:

• The one you already have.
• The Verified.
• The Verified Plus.

Click on the "Start now" button below the "Verified" label, for this will be your beginning level.

At this point, some personal data is required:

• Nationality.
• First and Last Name.
• Middle name and date of birth.
• Residence address (exact).
• Middle name and birth date.
• Second name and date of birth.

It is time to corroborate your identity with a legal document.

You can do this by using your ID card, passport, or license.

Follow the system instructions to take a selfie.

Now you’ll have to wait for a short time while an account verification process takes place.

When your request has been approved, the system is going to let you know via e-mail, just be patient.

Congratulations! Now you’re officially licensed to operate with Synthetix (SNX). See the guidelines that follow.

Buying Synthetix (SNX) on Binance

Learning how to buy a Synthetix (SNX) is actually quite easy.

The next step is to sustain your identity using a legal document.

Use your passport, ID card or even your driver’s license to complete this step.

Now the system will ask you to take a selfie following certain guidelines.

The final step is on Binance’s side: a verification process that will just take a while.

Now you have to wait until your profile has been accepted. Be patient, Binance will send you an e-mail.

Upon receiving that e-mail it’s time to get Synthetix (SNX), just follow the instructions below.

Buying Synthetix (SNX) on Binance

Understanding how to make a purchase of Synthetix (SNX) is actually quite easy.

Take into account that you have different alternatives for this process

The "Buy cryptos" menu on the Binance homepage should be your reference when making a purchase.

You need to, of course, do that once you are signed into your account

Hovering your mouse pointer over this button will display a list of alternatives to make the purchase.

It is time to check your identity using a legal document.

passport, ID card or even a license are all valid documents to fulfill this formality.

Follow the system guidelines to take a selfie.

Once you have completed the system’s requirements, you’ll have to wait a while for the confirmation to be applied to your account.

All you need to do is be patient, Binance will send you an email as soon as your profile has been accepted.

Congratulations! As soon as you’ve got the confirmation you’re officially authorized to trade Synthetix (SNX). The following guidelines will be helpful.

Buying Synthetix (SNX) on Binance

Take a time to know how to make a purchase of Synthetix (SNX).

Some steps might have alternative paths

To find out which alternatives you have when making a purchase, see the "Buy cryptos" menu on the Binance homepage.

You have to, of course, try this once you are signed into your account

Find all the different buying options just by hovering your mouse over this button.

Did you know you can use your debit or credit card for buying SNX?

What you must do to purchase the Synthetix (SNX) you want using a credit card, is to choose this option from the drop-down list labeled "Buy Cryptos".

The following directions will help you in the process:

Currency to be used and how much you’ll invest must be indicated in the next box.

In the next field you must choose the Synthetix (SNX) you would like to buy

Once you do so, the platform will immediately show you the quantity of Synthetix (SNX) you will be given, considering the amount of USD you have previously stated.

Next, just follow the following instructions:

Currency preferred and how much you’ll invest should be specified in the next box.

The the Synthetix (SNX) you wish to get must be indicated in the second field

According the amount of USD you have just invested, the platform will automatically show you the number of Synthetix (SNX) you are going to get.

Click "Continue".

To add your Visa/MC credit card as a payment method, go to the "Visa/Mastercard" box and click on the "Add card" button.

CC data must be typed in this step, then click "Next".

In this step you must specify the physical address details of the CC. After this, select "Add card".

Now that your new card has been added, click on "Continue".

Next, all the important details of the transaction will be summarized: the sum you are paying and the corresponding currency, and obviously, the cryptos you are going to get.

Another important detail in this summary is the amount Binance will charge you as a commision for making the transaction.

You have 60 seconds to click on "Confirm", otherwise the order will automatically expire.

The following step needs to be carried out on the credit card bank webpage. Follow the directions in the same way you would normally pay with your credit card.

Your recently bought Synthetix (SNX) will be available in your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking process is complete

Know how to purchase Synthetix (SNX) with Binance P2P

Next, you’ll be presented a summary of the transaction about to be completed. That includes the sum you will pay, the chosen currency and the amount of Synthetix (SNX) you will be given.

It will also state the commission will be charged for the operation.

You have 1 minute to press "Confirm", otherwise the order will automatically expire.

The next step must be carried out on the credit card banking webpage. Then you would make a standard online payment with your credit card.

You may check your Binance digital wallet (referred to as the «Spot Wallet») after the banking process is complete and you’ll see your recently purchased Synthetix (SNX) already credited

Purchase Synthetix (SNX) with Binance P2P

1. Login to the "Security" section of your account.
2. Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and select it.
3. Click on "Add a Payment Method" and the Binance platform will guide you through the rest of the procedure.

When the new payment method has been added to your account, look for the "Buy Crypto" menu in the top bar of the navigator, click the "Trading P2P" button and follow the directions described below:

1. On the upper bar of the "P2P Account" menu, pick "Buy"
2. In this bar you will see the list of Synthetix (SNX) available for purchase via P2P operations. Pick the one you would like to buy, here we present «USDT» as an example.Any Synthetix (SNX) bought in P2P trading could be exchanged by any of the currencies approved by Binance.
3. It is time to select the local currency you want to use, for example, «VES». Simply, drop down the list under the "Fiat" label.
4. Now you need to type the amount in VES you’d like to invest in the "Amount" box.
5. Once you have defined the method of payment, the platform will show you a list of traders’ offers.
6. Select a seller from the list shown. We advise that you choose one that is verified and has a high percentage of sales completed.
7. Now press "Buy USDT"
8. Now the amount you would want to pay in VES must be input
9. Select "Buy USDT" again
10. Now an order has been created and the seller and you will be in touch. Make the payment, press "Transferred, Next" and then press "Confirm". Notice that there’s a limited time for you to pay.

How you can transfer your Synthetix (SNX) to the Spot Wallet

After you have completed a payment to the seller, they will release the Synthetix (SNX), by confirming payment reception.

You may check your wallet Binance balance to confirm reception.

Note that you will need to send them to your Spot Wallet in order for you to purchase another crypto.

That’s quite simple: just click on "Transfer to Spot Wallet" right after the purchase order is completed.

In case you didn’t do this, don’t be concerned, you can move the cryptos at any other moment.

Ways to transfer your Synthetix (SNX) to the Spot Wallet

The trader, upon receiving your payment, will automatically release the Synthetix (SNX).

This way, they will instantly be deposited into your wallet.

Although, in case you would want to purchase another Synthetix (SNX), you will have to send them to your Spot Wallet.

You can do this immediately once the buying order is completed just by clicking "Transfer to Spot Wallet".

If you forget to do this right after the purchase, there’s nothing to worry about: you’ll always be able to do it later.

1. Place the mouse pointer on "Wallet" and select "Wallet Funds" from the drop-down list.
2. Then click on the "Transfer" option on the upper right area of the screen.
3. In the pop-up window, swap the «From» and «To» options so that it looks like this:
• From: «Funds»
• To: «Fiat and Spot»
4. For this post, we will use «USDT» as an example, but you’ll obviously indicate the currency you have
5. Enter the amount you are sending to the spot walet and click "Confirm".

With these money already in your Spot Wallet, don’t fear to trade any cryptocurrency you believe could yield the highest profit.

Note how simple is to purchase any cryptocurrency from the Binance platform:

1. Look for the "Trading" option in the top top section.
2. In the list select the "Convert" alternative.
3. Input the amount of «USDT» you wish to spend.
4. Choose the cryptocurrency you wish to buy.
5. Select "Preview conversion".
6. Validate the transaction and that’s it. You now will have the funds of the chosen crypto in your Spot Wallet.

That’s all! Now you will have funds in the Spot Wallet and you will be able to trade any of the numerous Synthetix (SNX) that the Binance platform has.

Purchase any cryptocurrency from Binance just following the steps described below:

1. Look for the "Trading" menu in the top upper section.
2. From the listing select the "Convert" option.
3. Fill in the box the sum of «USDT» you would like to invest.
4. Select the cryptocurrency you intend to buy.
5. Select "Preview conversion".
6. Confirm the transaction and that’s it. You will have the funds of the chosen crypto in your Spot Wallet.

This post have surely pictured you a detailed overview of what Binance is and how you can do business with Synthetix (SNX) on it.

Don’t wait any longer and begin earning some extra money.