What is Synthetix (SNX)? 

Synthetix (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.

What products support SNX?

  Send/Receive Trading
Coinbase            ✔       ✔
Pro           ✔       ✔
Wallet           ✔      ✖️

What regions support SNX?

    US  NY CAN   EU   UK DE SG JP 
Coinbase     ✔  ✔   ✔   ✔   ✔  ✔ ✖️
Pro     ✔  ✔   ✔   ✔   ✔  ✔ ✖️
Wallet   ✔  ✔   ✔   ✔   ✔  ✔ ✖️

Crypto to fiat trading pairs

USD   ✔ ✖️ ✖️
GBP  ✖️  ✔ ✖️
EUR  ✖️  ✔

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

SNX      ✖️   ✔   ✖️    ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for SNX?

SNX requires 14 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts SNX?

SNX is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 1.5 and a maximum of 125,000 to send from Coinbase to an external address.