{"id":8537,"date":"2022-02-21T13:30:58","date_gmt":"2022-02-21T12:30:58","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?p=8537"},"modified":"2024-03-02T18:32:29","modified_gmt":"2024-03-02T17:32:29","slug":"jak-koupit-synthetix","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/cs\/how-to-buy-synthetix\/","title":{"rendered":"Jak koupit Synthetix"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Domains&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;150px||||false|false&#8221; custom_margin_tablet=&#8221;100px||||false|false&#8221; custom_margin_phone=&#8221;100px||||false|false&#8221; custom_margin_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_2_font_size=&#8221;14px&#8221; header_font_size_phone=&#8221;32px&#8221; header_2_font_size_tablet=&#8221;12px&#8221; header_2_font_size_phone=&#8221;10px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><span><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/span><\/h2>\n<h1 class=\"sc-bdfBwQ Text-msjfkz-0 Heading-juwhnu-0 cnOLEs bjHQTa\">How To Buy Synthetix (SNX)?<\/h1>\n[\/et_pb_text][et_pb_divider show_divider=&#8221;off&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;3px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/02\/Synthetix-500&#215;286-1.jpg&#8221; alt=&#8221;How To Buy Synthetix (SNX)&#8221; title_text=&#8221;How To Buy Synthetix (SNX)&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p>A common question you often see on social media from crypto beginners is \u201cWhere can I buy Synthetix?\u201d Well, you\u2019ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Synthetix on most cryptocurrency exchanges, including<span>\u00a0<\/span><a href=\"http:\/\/www.coinbase.com\/join\/hansso_p\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a><span>\u00a0<\/span>and<span>\u00a0<\/span><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" target=\"_blank\" rel=\"noopener\">Binance<\/a><span>\u00a0<\/span>in 3 simple steps.<\/p>\n<h2><strong>Step 1: Create an account on an exchange that supports Synthetix (SNX)<\/strong><\/h2>\n<p>First, you will need to open an account on a cryptocurrency exchange that supports Synthetix (SNX).<br \/>We recommend the following based on <strong>functionality<\/strong>, <strong>reputation<\/strong>, <strong>security<\/strong>, <strong>support<\/strong> and <strong>fees<\/strong>:<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;affiliate3&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;45%&#8221; width_phone=&#8221;80%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;||||true|true&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/partner.bybit.com\/b\/simplecryptoguide&#8221; link_option_url_new_window=&#8221;on&#8221; hover_enabled=&#8221;0&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]\n<p class=\"icon-circle\">1<\/p>\n<p><strong>\u00a0Bybit<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2023\/04\/Create-Bybit-Account.jpg&#8221; alt=&#8221;Create Bybit Account&#8221; title_text=&#8221;Create Bybit Account&#8221; url=&#8221;https:\/\/partner.bybit.com\/b\/simplecryptoguide&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/partner.bybit.com\/b\/simplecryptoguide&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span> <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; locked=&#8221;off&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.1%*-0.1%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span> <span style=%22font-size: medium;%22> <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; locked=&#8221;off&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 \u00a0<strong>400<\/strong><\/span><\/span><strong><span style=\"font-family: ABeeZee;\"><span style=\"font-size: medium;\">+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; hover_enabled=&#8221;0&#8243; locked=&#8221;off&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a015% reduced trading fees &amp; up to $30,000 sign-up bonus*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; locked=&#8221;off&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; link_option_url_new_window=&#8221;on&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]\n<p class=\"icon-circle\">2<\/p>\n<p><strong>\u00a0Binance<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/10\/Create-Binance-Account.png&#8221; title_text=&#8221;Create Binance Account&#8221; url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span> <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.075%*-0.1%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span> <span style=%22font-size: medium;%22> <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 \u00a0<strong>500<\/strong><\/span><\/span><strong><span style=\"font-family: ABeeZee;\"><span style=\"font-size: medium;\">+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span> <\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a010% reduced trading fees*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#c3cce5&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;20px&#8221; box_shadow_color=&#8221;#fcf9f1&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||13px|||&#8221; link_option_url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; link_option_url_new_window=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"icon-circle\">3<\/p>\n<p><strong>\u00a0MEXC<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/04\/Create-MEXC-Account.png&#8221; alt=&#8221;Create MEXC Account&#8221; title_text=&#8221;Create MEXC Account&#8221; url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; url_new_window=&#8221;on&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; width=&#8221;65%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Register&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; button_text_size=&#8221;14px&#8221; button_bg_color=&#8221;#35b782&#8243; button_font=&#8221;ABeeZee|700||on|||||&#8221; custom_css_main_element=&#8221;width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover=&#8221;#2e9e71&#8243; button_bg_enable_color__hover=&#8221;on&#8221; filter_brightness__hover_enabled=&#8221;on|hover&#8221; filter_brightness__hover=&#8221;100%&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_text content_tablet=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>                                                                                         <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p class=%22label%22><span style=%22color: #a0a0a0;%22>Fees (Maker\/Taker)<\/span>               <span style=%22font-family: ABeeZee; font-weight: normal; font-size: small;%22><strong>1.99%*\/1.99%*<\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p class=\"label\"><span style=\"color: #a0a0a0;\">Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-family: ABeeZee; font-weight: normal; font-size: small;\"><strong>0.2%*-0.2%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text content_tablet=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>                                                              <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p><span><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Cryptocurrencies <\/span><\/span><br \/><span style=%22color: #a0a0a0;%22><span style=%22font-size: small;%22>Available for Trade<\/span> <\/span>                       <span style=%22font-size: medium;%22>        <\/span><\/span><span style=%22font-family: ABeeZee;%22><strong><span style=%22font-size: medium;%22>50+<\/span><\/strong><\/span><\/p>\n<p>&#8221; content_last_edited=&#8221;off|tablet&#8221; _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Cryptocurrencies <\/span><\/span><br \/><span style=\"color: #a0a0a0;\"><span style=\"font-size: small;\">Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <span style=\"font-size: medium;\">\u00a0 \u00a0 \u00a0<strong>1500<\/strong><\/span><\/span><strong><span style=\"font-family: ABeeZee;\"><span style=\"font-size: medium;\">+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0;\"><span style=\"color: #a0a0a0; font-size: small;\">Sign-up bonus<\/span> <\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">\u00a010% reduced trading fees &amp; up to $170 in USDT vouchers*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#c3cce5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||-20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.16.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;13px&#8221; custom_margin=&#8221;3px||3px||true|false&#8221; inline_fonts=&#8221;ABeeZee&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p style=\"text-align: center;\"><span style=\"color: #a0a0a0; font-size: small;\">Available in<\/span><br \/><span style=\"font-family: ABeeZee;\"><strong><span style=\"font-size: medium;\">North America, South America, Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p>In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>On specific exchanges, you might need to complete a<span>\u00a0<\/span><a href=\"https:\/\/www.investopedia.com\/terms\/k\/knowyourclient.asp\" target=\"_blank\" rel=\"noopener\">Know Your Customer (KYC)<\/a>\u00a0procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.<\/p>\n<h2><strong>Step 2: Deposit funds into your account<\/strong><\/h2>\n<p>Many cryptocurrency exchanges will allow you to purchase Synthetix (SNX) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.<\/p>\n<h2><strong>Step 3: Buy Synthetix (SNX)<\/strong><\/h2>\n<p>This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Synthetix (SNX) or Synthetix (SNX) trading pairs. Look for the section that will allow you to buy Synthetix (SNX), and enter the amount of the cryptocurrency that you want to spend for Synthetix (SNX) or the amount of fiat currency that you want to spend towards buying Synthetix (SNX). The exchange will then calculate the equivalent amount of Synthetix (SNX) based on the current market rate.<\/p>\n<p><strong>Note:<\/strong><span>\u00a0<\/span>Make sure to always double-check your transaction details, such as the amount of Synthetix (SNX) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or<span>\u00a0<\/span>purchase a hardware wallet<span>\u00a0<\/span>for the highest level of protection.<\/p>\n[\/et_pb_text][et_pb_divider color=&#8221;#ff8f00&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span>For more in-depth instructions, our &#8216;<a href=\"https:\/\/simplecryptoguide.com\/the-absolute-beginners-guide-to-cryptocurrency-investing\/\">Absolute Beginner&#8217;s Guide To Cryptocurrency Investing<\/a>&#8216; will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.<br \/>And if you&#8217;re completely new to crypto our <a href=\"https:\/\/simplecryptoguide.com\/\">beginner, intermediate and advanced level articles<\/a>\u00a0will get you up to speed with everything you need to know about the cryptocurrency space starting out.\u00a0<\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;3px||2px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;16px&#8221; header_2_font_size=&#8221;14px&#8221; header_2_font_size_tablet=&#8221;42px&#8221; header_2_font_size_phone=&#8221;32px&#8221; header_2_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Simplecryptoguide.com<\/h2>\n<h3>What Is Synthetix (SNX)?<\/h3>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;2px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span>Synthetix is a software that allows users to mint new crypto assets that mimic both real-world assets (like the U.S. dollar) and\u00a0<\/span><strong>crypto assets<\/strong><span>\u00a0(like\u00a0<\/span><a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-bitcoin\/\"><strong>Bitcoin<\/strong><\/a><span>).\u00a0<\/span><\/p>\n<p><span>One of an emerging number of <a href=\"https:\/\/simplecryptoguide.com\/what-is-decentralized-finance-defi\/\">decentralized finance (<\/a><\/span><a href=\"https:\/\/simplecryptoguide.com\/what-is-decentralized-finance-defi\/\">DeFi<\/a><span><a href=\"https:\/\/simplecryptoguide.com\/what-is-decentralized-finance-defi\/\">)<\/a> cryptocurrencies, Synthetix enables this service through code alone, without the need for a financial intermediary. Rather, Synthetix is simply a collection of smart contracts running on the\u00a0<\/span><a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-ethereum\/\"><strong>Ethereum blockchain<\/strong><\/a><span>.\u00a0<\/span><\/p>\n<p><span>This means Synthetix users do not need to trust a particular institution or person to manage the crypto assets they create. They need only trust that its code will execute as written.<\/span><\/p>\n<p><span>Synthetix is able to generate these new assets using a process called collateralization.\u00a0<\/span><\/p>\n<p><span>To collateralize an asset on Synthetix, users must purchase its SNX cryptocurrency, which once locked in a special contract can be used to generate these new assets (called synths).\u00a0<\/span><\/p>\n<p><span>For example, one synth designed to mimic the value of the U.S. dollar is called sUSD. Another synth, which mimics the\u00a0<\/span><strong>Bitcoin price<\/strong><span>, is called sBTC. Still, synths can be created for any asset, be it a commodity like gold or silver, or cash\u00a0like the euro or Korean won.\u00a0<\/span><\/p>\n<p><span>Synths are then able to track the value of other assets using special data feeds, called oracles, which enable users to gain exposure to gains or losses in those markets.<\/span><\/p>\n<h2><strong><span>How Does Synthetix Work?<\/span><\/strong><\/h2>\n<p><span>Synths use decentralized\u00a0<\/span>oracles<span>, which are smart contract-based price discovery protocols, to track the prices of the assets represented, allowing you to hold and exchange Synths as if you actually own the underlying assets. In this manner, Synths provide exposure to assets normally inaccessible to the average crypto investor \u2014 gold and silver, for example \u2014 and lets you trade them quickly and efficiently. Synths are different from tokenized commodities, such as Paxos\u2019 PAX Gold (PAXG), which is backed by gold bars. Owning PAXG means that you own the underlying gold and that Paxos holds it for you, whereas owning Synthetix\u2019s sXAU means that you do not own the underlying asset &#8211; you merely have exposure to the price of gold.<\/span><\/p>\n<p><span>Because Synths are issued on Ethereum, you can deposit them on other DeFi platforms such as <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-curve-dao-token\/\">Curve<\/a> and <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-uniswap\/\">Uniswap<\/a> and use them to provide liquidity and earn interest. Synthetics and derivatives are important for building mature markets (i.e., markets that have reached equilibrium) by facilitating price discovery and helping to hedge against volatility.\u00a0<\/span><\/p>\n<p><span>For example, if you anticipate that the value of your asset will rise in the future, but are hesitant to accept the risk that would come with the possibility that the asset\u2019s value fails to rise, you can buy an options contract. Options contracts are agreements between two parties that give you, the buyer, the option to buy or sell an asset at a future date at a predetermined price. This way, if the asset\u2019s value fails to rise, you can buy a contract that allows you to sell it at a certain price up to a certain date.\u00a0<\/span><\/p>\n<p><span>On Synthetix, all Synths created by staking SNX tokens are backed by a 600% collateralization ratio, which is determined through community governance. Stakers must manually manage their ratio on Mintr by minting sUSD if it is too high and burning sUSD if it is too low.\u00a0<\/span><\/p>\n<p><span>When you stake SNX and mint sUSD, you take on debt reflecting the amount of sUSD that must be burned to un-stake your SNX. This debt, which also represents a proportion of all the debt on Synthetix, is denominated in sUSD and increases and decreases in accordance with the supply of Synths and their exchange rates. For example, if half of Synthetix\u2019s Synths were synthetic ether (sETH) and the price of ether doubled, the total debt and each staker\u2019s debt would rise by one quarter.\u00a0<\/span><\/p>\n<p><span>Because the system\u2019s total debt is distributed in this way, the stakers act as a \u201cpooled counterparty\u201d to trades. This means that you do not need counterparties when you exchange Synths, and instead convert them directly through a smart contract. This system mitigates counterparty risks and slippage and ensures that there is sufficient liquidity for trading.<\/span><\/p>\n<p><span>When you stake your tokens, you are eligible to receive two types of rewards if your collateralization ratio remains at 600%: staking rewards, denominated in SNX, and exchange fees from all Synth trades, denominated in sUSD. Exchange fees are distributed in accordance with the amount of debt each staker has issued. Linking rewards to the collateralization ratio ensures that Synths are always sufficiently backed by collateral. If you want to un-stake your SNX tokens, you must burn sUSD. Because the debt pool fluctuates, you may need to burn more or less sUSD than you initially minted.\u00a0<\/span><\/p>\n<h2><strong><span>What is Kwenta?<\/span><\/strong><\/h2>\n<p><span>Kwenta is a <a href=\"https:\/\/simplecryptoguide.com\/what-is-a-decentralized-exchange-dex\/\">decentralized exchange (DEX)<\/a> on which you can trade Synths (which can also be traded across a variety of DeFi protocols). Unlike other DEXs, the exchange does not have an order book and instead utilizes peer-to-contract trading, meaning all trades are executed against a smart contract. Chainlink oracles provide price feeds, which are used to set an exchange rate for each asset. A variable fee between 0.3% and 1% is levied on each trade and sent to a pool where it can be claimed by SNX stakers.\u00a0<\/span><\/p>\n<p><span>Kwenta users can buy and trade 13 different cryptocurrencies and\u00a0<\/span>inverse cryptocurrencies<span>\u00a0(which inversely track the price of cryptocurrencies), synthetic gold and silver, synthetic U.S. dollars, synthetic Australian dollars, and synthetic Euros. Synthetix also offers two synthetic cryptocurrency indexes: sDEFI, which tracks a basket of DeFi assets, and sCEX, which tracks a basket of centralized exchange tokens. Both asset baskets were selected through community governance.<\/span><\/p>\n<h2><strong><span>Synthetix Governance<\/span><\/strong><\/h2>\n<p><span>Synthetix was originally governed by the Synthetix Foundation, a not-for-profit foundation based in Australia, but shifted control to three decentralized autonomous organizations (DAOs) in 2020. The protocolDAO controls protocol upgrades and Synthetix\u2019s smart contracts, while the grantsDAO funds community proposals for public goods on Synthetix, and the synthetixDAO funds entities advancing the network\u2019s development.\u00a0<\/span><\/p>\n<p><span>Synthetix provides you with exposure to a wide array of both crypto and non-crypto assets in a decentralized, permissionless, and censorship-resistant way, enabling you to participate in the DeFi ecosystem despite not holding those assets. Likewise, it has taken a leading role in bringing derivatives to the crypto market, further advancing the maturity of the ecosystem.<\/span><\/p>\n<h2><strong><span>What is the SNX token?<\/span><\/strong><\/h2>\n<p><span>Synthetix works with\u00a0<em>overcollateralization<\/em>\u00a0\u2013 that is, each synthetic asset is collateralized by more value than it represents.<\/span><\/p>\n<p><span>Synths are created by users staking collateral (SNX) and minting a synthetic asset against it. In other words, each Synth is essentially debt against the posted collateral.<\/span><\/p>\n<p><span>Each debt position needs to maintain a certain collateralization ratio. This ratio is determined by governance. It aims to ensure that Synths are sufficiently collateralized and there is no deficit in the system even during outlier events such as a big\u00a0<\/span>market crash<span>.<\/span><\/p>\n<p><span>Stakers must manually manage this ratio by minting and burning Synths (debt) or adding more collateral to ensure they can continue to earn staking rewards.<\/span><\/p>\n<h2><strong><span>Who are the founders of Synthetix?<\/span><\/strong><\/h2>\n<p><span>Founded by Kain Warwick, Synthetix began as a protocol called Havven, which raised about\u00a0<\/span><strong>$30 million<\/strong><span>\u00a0selling\u00a0<\/span><strong>60 million HAV tokens<\/strong><span>\u00a0in 2018.\u00a0<\/span><span>Havven\u2019s goal was to create cryptocurrencies that mimicked the performance of cash\u00a0like the U.S. dollar or the euro on multiple blockchains, including <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-ethereum\/\">Ethereum<\/a> and <a href=\"https:\/\/simplecryptoguide.com\/how-to-buy-eos\/\">EOS<\/a>.<\/span><\/p>\n<p><span>At the end of 2018, Havven rebranded to Synthetix, at the time expanding its goals to include the creation of synthetic assets for cryptocurrencies and commodities. In 2019, Synthetix\u00a0<\/span><strong>raised $3.9 million<\/strong><span>\u00a0by selling SNX tokens to Framework Ventures.\u00a0<\/span><\/p>\n<p><span>Synthetix was initially governed by a non-profit foundation, but it was dissolved in June 2020 and replaced by three decentralized autonomous organizations or DAOs.\u00a0<\/span><span>These DAOs are the mechanisms by which holders of the SNX cryptocurrency can now vote on changes to the protocol and make decisions about its future.<\/span><\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.23.1&#8243; _module_preset=&#8221;default&#8221; header_3_text_color=&#8221;#ff8f00&#8243; header_3_font_size=&#8221;18px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Synthetix development updates in 2023<\/h2>\n<p>Synthetix has experienced a series of significant updates in 2023, underpinning its role as a bridge between traditional finance and cryptocurrency. The year has been marked by technological advancements, new features, and strategic shifts, all contributing to the evolving landscape of Synthetix. Here are the key developments:<\/p>\n<ul>\n<li>\n<p><strong>Introduction of New Features and Enhancements<\/strong>: Synthetix has incorporated various new features such as ENS address resolving, open interest charts, staker profit and loss tracking, and more. A notable addition is a \u201cleaderboard\u201d for tracking wins\/losses on trades, positions close to liquidation, and largest open positions, providing valuable trading data and information for users\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/blog.synthetix.io\/synthetix-quarterly-report-q3-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>NFT Project &amp; Lore Release<\/strong>: The NFT project launched in July 2023, offering a variety of tribes including Human Spartans, Dwarfs, Elementals, and more. This initiative has progressed through several phases, including pre-mint NFTs, auctions to raise awareness, and a Synthverse lore reveal. Future plans include community whitelist mints and additional mint phases, depending on demand\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/blog.synthetix.io\/synthetix-quarterly-report-q3-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Promotion of V3 and Integration with Notifi<\/strong>: The Council played a significant role in promoting V3, such as providing NFTs as prizes for the Perps V3 testnet trading competition. Additionally, Synthetix integrated with Notifi, a platform providing real-time notifications for users about various aspects like C-Ratio, account summaries, and rewards reminders\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/blog.synthetix.io\/synthetix-quarterly-report-q3-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/www.crypto-news-flash.com\/synthetix-unleashes-andromeda-a-game-changing-update-awaits\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Introduction of 9 New Perpetual Futures Markets<\/strong>: Synthetix added nine new perpetual futures markets for leverage trading, enhancing the diversity and depth of trading options on the platform\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/blog.synthetix.io\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Launch of Andromeda Release<\/strong>: The Andromeda Release, a significant upgrade, featured the deployment of Core V3 and Perps V3. This update introduced USDC as a new collateral option and was deployed on a new blockchain, Base. Andromeda aimed to transform Synthetix into a multi-chain protocol, leveraging collaborative efforts with partners like Polynomial, Kwenta, Infinex, and dHEDGE\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/www.crypto-news-flash.com\/synthetix-unleashes-andromeda-a-game-changing-update-awaits\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Perp V3 Upgrade<\/strong>: This major upgrade introduced multiple collateral assets, including sUSD, sETH, and sBTC, enhanced liquidity, and introduced cross margins and account-based access for a more efficient and profitable trading experience\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/coinpedia.org\/news\/synthetix-token-surges-22-to-new-all-time-high-ytd-gains-reach-147\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<li>\n<p><strong>Regulatory Compliance<\/strong>: As a bridge between traditional finance and cryptocurrency, Synthetix is likely to be impacted by regulation. Maintaining compliance with emerging regulations will become crucial, potentially raising barriers for traders due to new procedures and the need to navigate regulatory protection schemes\u200b<span class=\"\" data-state=\"closed\"><a href=\"https:\/\/coin-labs.com\/en\/guide\/synthetix-snx\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"px-0.5 text-green-600 !no-underline\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 19 15\" fill=\"none\" class=\"-mt-0.5 ml-0.5 inline-block text-link-base hover:text-link-hover\" width=\"19\" height=\"15\"><path d=\"M4.42 0.75H2.8625H2.75C1.64543 0.75 0.75 1.64543 0.75 2.75V11.65C0.75 12.7546 1.64543 13.65 2.75 13.65H2.8625C2.8625 13.65 2.8625 13.65 2.8625 13.65C2.8625 13.65 4.00751 13.65 4.42 13.65M13.98 13.65H15.5375H15.65C16.7546 13.65 17.65 12.7546 17.65 11.65V2.75C17.65 1.64543 16.7546 0.75 15.65 0.75H15.5375H13.98\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M6.16045 7.41534C5.32257 7.228 4.69638 6.47988 4.69638 5.58551C4.69638 4.54998 5.53584 3.71051 6.57136 3.71051C7.60689 3.71051 8.44635 4.54998 8.44635 5.58551C8.44635 5.8965 8.37064 6.1898 8.23664 6.448C8.22998 6.48984 8.21889 6.53136 8.20311 6.57208L6.77017 10.2702C6.63182 10.6272 6.18568 10.7873 5.7737 10.6276C5.36172 10.468 5.13991 10.0491 5.27826 9.69206L6.16045 7.41534ZM11.4177 7.41534C10.5798 7.228 9.95362 6.47988 9.95362 5.58551C9.95362 4.54998 10.7931 3.71051 11.8286 3.71051C12.8641 3.71051 13.7036 4.54998 13.7036 5.58551C13.7036 5.8965 13.6279 6.1898 13.4939 6.448C13.4872 6.48984 13.4761 6.53136 13.4604 6.57208L12.0274 10.2702C11.8891 10.6272 11.4429 10.7873 11.0309 10.6276C10.619 10.468 10.3971 10.0491 10.5355 9.69206L11.4177 7.41534Z\" fill=\"currentColor\"><\/path><\/svg><\/a><\/span>\u200b.<\/p>\n<\/li>\n<\/ul>\n<p>These developments represent a significant leap for Synthetix in 2023, reflecting its commitment to innovation, efficiency, and user experience in the DeFi sector. The protocol continues to evolve, adapting to the dynamic demands of the cryptocurrency market and regulatory landscape.<\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><strong>Official website<\/strong>: <a href=\"https:\/\/www.synthetix.io\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.synthetix.io\/<\/a><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||true|false&#8221; custom_padding=&#8221;15px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||-2px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2><strong>Best cryptocurrency wallet for Synthetix (SNX)<\/strong><\/h2>\n<p><span>There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. <\/span><span>There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.<\/span><\/p>\n<h2><strong>HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Synthetix (SNX)?<\/strong><\/h2>\n<p><span>Deciding which type of wallet to use depends on a variety of factors, including:<\/span><\/p>\n<ul>\n<li><b>How often you trade.<span>\u00a0<\/span><\/b><span>In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.\u00a0<\/span><\/li>\n<li><b>What you want to trade.<span>\u00a0<\/span><\/b><span>As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.<\/span><\/li>\n<li><b>Your peace of mind.<\/b><span>\u00a0For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.<\/span><\/li>\n<li><b>How much it costs.<\/b><span> It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.<\/span><\/li>\n<li><b>What it can do.<span>\u00a0<\/span><\/b><span>While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features,\u00a0<\/span><span>insights into the crypto market<\/span><span>, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.<\/span><\/li>\n<\/ul>\n<p><em>For a more in-depth overview of cryptocurrency wallets visit our <a href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">\u201cCryptocurrency Wallets Explained\u201d<\/a>\u00a0guide.<\/em><\/p>\n<p><strong><\/strong><\/p>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<p><span>If you\u2019re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.<br \/><\/span>Most widespead examples of this being the<span>\u00a0<\/span><a href=\"https:\/\/shop.ledger.com\/?r=6ea78e5561ed\" rel=\"nofollow noopener\" target=\"_blank\">Ledger Nano<\/a><span>\u00a0<\/span>and the<span>\u00a0<\/span><a href=\"https:\/\/trezor.io\/?offer_id=12&amp;aff_id=8526&amp;aff_unique1=simplecryptoguide\" rel=\"nofollow noopener\" target=\"_blank\">Trezor<\/a>.<\/p>\n<p><a href=\"https:\/\/shop.ledger.com\/?r=6ea78e5561ed\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Ledger<\/strong><span>\u00a0<\/span><\/a>manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it.<span>\u00a0<\/span>Ledger<span>\u00a0<\/span>offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).<\/p>\n<p><a href=\"https:\/\/trezor.io\/?offer_id=12&amp;aff_id=8526&amp;aff_unique1=simplecryptoguide\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Trezor<\/strong><span>\u00a0<\/span><\/a>is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community\u2019s respect over the years.<span>\u00a0<\/span>Trezor<span>\u00a0<\/span>offers two main models \u2013 The Trezor One and Trezor Model T (which has a built in touch screen).<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/11\/Ledger.jpg&#8221; alt=&#8221;Ledger Hardware Wallet&#8221; title_text=&#8221;Ledger Hardware Wallet&#8221; url=&#8221;https:\/\/shop.ledger.com\/?r=6ea78e5561ed&#8221; url_new_window=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/11\/Trezor.jpg&#8221; alt=&#8221;Trezor Hardware Wallet&#8221; title_text=&#8221;Trezor Hardware Wallet&#8221; url=&#8221;https:\/\/trezor.io\/?offer_id=12&#038;aff_id=8526&#038;aff_unique1=simplecryptoguide&#8221; url_new_window=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Features&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||0px||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_2_font_size_tablet=&#8221;42px&#8221; header_2_font_size_phone=&#8221;32px&#8221; header_2_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Market Overview<\/h2>\n<h3><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">Coinmarketcap.com<\/a><\/h3>\n<div class=\"VwiC3b yXK7lf MUxGbd yDYNvb lyLwlc lEBKkf\"><span>Find the latest <a href=\"https:\/\/coinmarketcap.com\/currencies\/synthetix-network-token\/\" target=\"_blank\" rel=\"noopener\">Synthetix (SNX) price chart<\/a>, trade volume, market cap, and\u00a0other vital information to help you with your cryptocurrency trading and investing.<\/span><\/div>\n<div class=\"jYOxx\"><\/div>\n<p><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">Coinmarketcap<\/a> will be your cryptocurrency go-to for just about everything. Here you can see the following:<\/p>\n[\/et_pb_text][et_pb_blurb title=&#8221;Market Capitalization And Daily Trading Volume&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_blurb title=&#8221;Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_blurb title=&#8221;Circulating And Total Supply&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_blurb title=&#8221;Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe052;||divi||400&#8243; icon_color=&#8221;#ff8f00&#8243; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;22px&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;|700|||||||&#8221; header_text_align=&#8221;left&#8221; header_font_size=&#8221;18px&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;1em&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; icon_font_size=&#8221;22px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_blurb][et_pb_button button_url=&#8221;https:\/\/coinmarketcap.com\/&#8221; button_text=&#8221;Visit Coinmarketcap&#8221; button_alignment=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||10px||false|false&#8221; button_text_size_tablet=&#8221;&#8221; button_text_size_phone=&#8221;9px&#8221; button_text_size_last_edited=&#8221;on|phone&#8221; button_letter_spacing_hover=&#8221;1px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221; button_bg_enable_color__hover=&#8221;on&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/03\/CMC.png&#8221; title_text=&#8221;CMC&#8221; show_in_lightbox=&#8221;on&#8221; show_bottom_space=&#8221;off&#8221; align_tablet=&#8221;center&#8221; align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;50px||||false|false&#8221; animation_style=&#8221;slide&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#d3d3d3&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>Jak koupit Synthetix - Prvn\u00edm krokem k n\u00e1kupu SNX je otev\u0159en\u00ed \u00fa\u010dtu na kryptom\u011bnov\u00e9 burze, kter\u00e1 podporuje SNX, doporu\u010dujeme:<\/p>","protected":false},"author":1,"featured_media":8542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[100],"tags":[1134,129,130,1136,641,1133,1135],"class_list":["post-8537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-to-buy","tag-buy-synthetix","tag-defi","tag-dex","tag-snx","tag-synthetic-assets","tag-synthetix","tag-synthetix-guide"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts\/8537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/comments?post=8537"}],"version-history":[{"count":0,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/posts\/8537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/media\/8542"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/media?parent=8537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/categories?post=8537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/cs\/wp-json\/wp\/v2\/tags?post=8537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}