Understanding SNX
What is Synthetix?
Synthetix is a decentralised liquidity protocol that powers synthetic assets on-chain that are representations of real-world assets like stocks, commodities, and fiat currencies. Built on Ethereum and Optimism, Synthetix allows users to trade synthetic assets without needing the actual underlying asset. As one of the pioneers of decentralised finance (DeFi), Synthetix is a key player in the tokenised asset revolution.
In Australia
How to buy Synthetix in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy Synthetix (SNX)
Buy SNX at live AUD market prices, then hold it or spend it with the Wayex Card.
Synthetix FAQs
- Can I buy Synthetix in Australia?
- Yes. You can buy Synthetix (SNX) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for Synthetix?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy SNX instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy Synthetix?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend Synthetix with the Wayex Card?
- Yes. Once you hold SNX in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
Available on iOS and Android. Sign up in minutes with your email.
- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
Learn how - 03
Buy, Sell and Spend!
Trade AUD into 90+ crypto assets, and spend anywhere Visa is accepted.