Buy Synthetix (SNX) in Canada

Buy SNX

Buy Bitcoin > Cryptocurrency > Buy Synthetix (SNX)

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3. Buy Synthetix (SNX)

You can buy SNX right away at the best rates and fund your account with an e-Transfer or wire and buy when the price is just right!

Get started with as little as $50 CAD.

Buy SNX

Synthetix is an Ethereum-based platform for issuing synthetic assets, the cryptocurrency equivalent of derivatives.

What Is Synthetix?

Synthetix leverages ERC-20 smart contracts to create ‘Synths’ – DeFi products that provide returns on another asset that the Synth owner does not own. On Synthetix’s decentralized exchanges, it's native SNX token is used as collateral against issued Synths.

How does it work?

Synths use decentralized oracles – smart contract derived protocols to track asset prices allowing users to hold and exchange Synths without holding the underlying assets. Users can stake SNX tokens to create Synths, replicating the price of a real-world asset. Whenever new Synths are minted, a debt is created and must be paid back before the creator can unlock their staked SNX tokens.

What makes it stand out?

Synthetix’s ability to create and issue synthetic assets makes it stand out among DeFi platforms.

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