Synthetix wallet

The best cryptocurrency wallet for your Synthetix Network coins

Secure your Synthetix Network coins with the most trusted crypto wallet. Cold storage wallets are encrypted devices that store your Synthetix Network tokens offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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What is Synthetix Network (SNX)?

Synthetix is a synthetic asset protocol that allows for the issuance of synthetic assets on the Ethereum blockchain. It allows users to mint, hold, and trade a wide range of derivatives – including commodities like gold and silver, fiat currencies like USD, and even stocks. They can also do this for certain cryptocurrencies as well, the most popular being Bitcoin.

Synthetix is able to generate these new assets using a process called collateralization. It is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets, called Synths. To generate Synths: the user must acquire SNX and deposit it on the Synthetix platform. In return, Synthetix creates a new synth token of the user’s choice. The value of SNX locked would then need to remain at or above 750% of the value of the synth created, which is determined by community governance (and may be subject to change).

Synthetic assets give you a way to get exposure to an asset without having to own it. Plus Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. You can therefore use synthetic assets in DeFi and deposited them to decentralized exchanges like Uniswap, Sushi, or Curve, and you can provide liquidity and earn trading fees just like with other ERC-20 tokens.

What is a Synthetix (SNX) wallet?

To store and manage Synthetix Network, you need a compatible hardware wallet. Whether you’re looking to keep your assets safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Ledger Live App

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more.

How to get a Synthetix (SNX) wallet?

01

Get Ledger Nano

Select and purchase a Ledger wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger crypto wallet

02

Download and install what could be the best crypto app: Ledger Live

Download and install Ledger Live in a couple of clicks. Ledger Live is a app for crypto for desktop & mobile that enables you to set up a Ledger device and manage your coins.

Download Ledger Live

03

Add Synthetix Network to your portfolio

Install Synthetix Network on your Ledger Nano:

  1. Open Ledger Live and navigate to Manager.
  2. Connect and unlock your Ledger device.
  3. Search for Synthetix Network in the app catalog and click Install.

04

Create a Synthetix Network account in Ledger Live:

  1. Open Ledger Live and head to Accounts.
  2. Click Add account.
  3. From the drop-down menu select Synthetix Network.

You’re all set!

Buy, manage, and stake Synthetix Network at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake Synthetix Network to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

Buy Synthetix Network

You can purchase Synthetix Network through our partners with a credit card or bank transfer. Synthetix Network will be automatically sent to your Ledger device.

  • Head over to Buy/Sell. – In the dropdown menu, select Synthetix Network and click Continue. – Choose one of the three payment providers—Coinify, MoonPay or Wyre—and follow the instructions.

Buy SNX

Swap Synthetix Network

Swapping allows you to test out different cryptocurrencies, protect assets from volatility, and diversify your portfolio. Through Ledger Live, you can swap one crypto asset for another without using fiat currencies.

  • Head over to Swap.
  • On the Exchange page, select the accounts that you want to swap.
  • Enter the desired amount and click Exchange.
  • Connect and unlock your Ledger device.
  • Follow the instructions to confirm the swap.

Swap SNX

1

The best way to keep your SNX coins secure

Secure multiple assets, including Synthetix Network using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your Synthetix Network assets with the first and only independently-certified Synthetix Network wallet on the market.

Discover our Nano S Plus
Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your Synthetix Network assets.

Discover our Nano X

Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

Frequently Asked Questions

When you first buy asset, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cryptocurrency wallet to spend, withdraw, or transfer your tokens.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano crypto wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano crypto wallets keep your keys secure and give you complete control over your cryptos.

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