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Buy Synthetix Network Token (SNX) in India at ₹169.73

Live SNX/INR Price

₹169.73

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2.11%

Price Changes

₹3.58

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2.11%

24h Low

₹164.13

24h High

₹179.8146

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INR

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SNX

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Reasons to Buy Synthetix (SNX)

• Synthetix is also known as a Decentralized Exchange (DEX).

• Users can stake their SNX tokens in return for the rewards.

• SNX is the native crypto of the Synthetix Network ecosystem.

• It has a market capitalization of more than $2 billion.

• It has a maximum supply of around 212 million SNX coins.

What is Synthetix (SNX)?

Synthetix Network was launched in 2017 with the name of Havven (HAV) but was branded a year later to Synthetix. It started with the aim of providing synthetic assets on the Ethereum blockchain. A Defi protocol by heart, Synthetic network allows users to access synths (synthetic assets) without the need of holding the particular asset. 

A common misconception that arises around this network is people confuse it with stable coins. In reality, these two are very different segments with their own use cases and features.

Things to consider before buying Synthetix (SNX)

• The platform is designed to create synths (or liquidity pools) without the need for an underlying asset.

• The platform is free from centralized entities and works through smart contracts called oracles.

• Synthetix works on the concept of over-collateralization that depicts that each synthetic asset has more value than what it actually holds.

Highlight

SNX started with the aim of providing synthetic assets on the Ethereum blockchain. A Defi protocol by heart, Synthetic network allows users to access synths (synthetic assets) without the need of holding the particular asset.

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Synthetix network token Price Statistics

SNX Price Today

SNX Price

169.73

Price Change 24h

percent_change_icon

2.11%

Price Change 7d

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8.94%

Market Rank

#105

Market Cap

₹5,444 Cr.

Trade Vol 24h

161 Cr

Circulating Supply

33 Cr. SNX

Trading Activity

72% Buy28% Sell

FAQ's

1. How Can I Buy Synthetix Network Tokens In India?

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CoinSwitch App is the simplest way to buy Synthetix Network tokens in India. Sign up now and start investing with ₹100

2. Can I Buy Synthetix Network Tokens Directly?

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Synthetix Network token could be bought directly through Peer to Peer (P2P) trade. There is also an option for buying crypto from decentralized exchanges or from someone who holds SNX coins. However, decentralized exchanges are complex to understand with such difficult functionalities, and it would be a worrisome task to find a trustworthy seller who can provide you with the desired crypto. The reason why this is only chosen by pro traders.

If you are new to crypto, you might want to take the simplified route and Download the CoinSwitch App!

3. How to Buy Synthetix Network Token Stock?

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You can buy Synthetix Network tokens in just 4 steps on CoinSwitch:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Synthetix Network token.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Synthetix Network token for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’ 

 Congratulations, you just bought your first Synthetix Network token!

4. What Price To Buy Synthetix Network Token (SNX)?

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The cryptos are in the development stage, where the updates are pushed at a

relatively faster rate. This could possibly increase the price of the Synthetix Network token, and you would be left with regret for not buying it.

Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in Synthetix Network tokens for as low as ₹100

5. What Time To Buy Synthetix Network Tokens?

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There is no clock ever made that shows the best time to invest in cryptos. If you look for the prices to dip and then buy at the best prices, you are missing out on the prospective returns. Therefore, it is advised to start investing from Day 1.

You can start with small amounts and use them over a period of time; however, you can always choose to invest a lump sum amount when Synthetix Network token (SNX) is available at lower prices.

6. What Platform To Buy Synthetix Network Tokens (SNX)?

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Synthetix Network tokens could be bought on a variety of platforms, but the only difference is the experience of these applications. Just as some food delivery applications provide a one-click process, and some make it a 5-minute work to fill in all the details again.

The crypto apps that are available in the market are complex to use and can make your buying experience horrible; however, CoinSwitch provides complete peace of mind by allowing you to buy cryptos with ease.

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coin_icon

MEW

Cat in a dogs world

0.51277

+28.37%

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XEC

Ecash

0.003254

+0.35%

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YFI

Yearn.finance

5,32,462.0

-0.027%

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