Buy Synapse today
Buy Synapse today
- Own SYN & 210+ other cryptoassets
- Registered with the Financial Conduct Authority (FCA)
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
How to buy Synapse (SYN) in the UK
Learn how to buy Synapse (SYN) on 3+ crypto exchanges in our step-by-step guide.
Synapse (SYN) is the 201st largest cryptocurrency by market cap, valued at US$142,540,880.
Synapse is a highly volatile asset capable of major price swings in a single day. Today SYN is trading for $0.749645 USD, which is lower than yesterday's trading price of $0.7702341285 USD. Over the past year, Synapse's price has seen a decrease of -20%.
So before you buy Synapse, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy Synapse.
How to buy Synapse in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Synapse is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Synapse
You can now exchange your funds for Synapse. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Synapse to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy Synapse in the UK
Find an exchange to buy, sell and trade SYN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Synapse guide up-to-date
- SYN price data is regularly updated through data feeds so you always have the latest information.
- Synapse performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Synapse?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Synapse?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Synapse.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing SYN with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Synapse?
The easiest way to buy SYN is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying SYN, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Synapse has been performing recently.
Best Synapse wallets to store your SYN
You can keep your SYN on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your SYN below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Synapse a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to SYN, here are a few things to consider:
- Competition for cross-chain transactions: A large number of protocols and exchanges have observed the demand for cross-chain transactions between BSC, Ethereum, Solana, Polkadot, and a variety of other layer-1 blockchains. As a result of the interoperability issue, there are now tens of protocols focused on solving the issues faced. The Synapse Network will need to compete with protocols, such as Cosmos and Polkadot, to capture market share and, therefore, increase the use of the SYN token.
- Transition to PoS: When the Synapse Chain implements its Proof-of-Stake architecture, validators will be required to stake SYN tokens to operate on the network. Depending on the uptake from validators, this change may place increased demand on the SYN token. Staking SYN will provide economic security for the chain and lock up a portion of the token supply. This could create a supply issue for users who want to make many cross-chain transactions, which could subsequently impact the price of SYN.
- Security of cross-chain bridges: Several experts within the cryptocurrency industry, including the co-founder of Ethereum, argue that cross-chain bridges will not exist in a multi-chain future due to security issues. While an asset on its native chain is safely guarded by its own network, once it is relocated to another blockchain, its safety is dependent on the chain it is transferring to as well as the variety of protocols being used to transfer it. The adoption of Synapse could depend on the overall adoption and success of cross-chain protocols.
Today's Synapse price versus ATH
Compare today's price of Synapse ($0.749645 USD) against its all-time-high price of $4.92 USD on 24 October 2021. The closer the bar is to 100%, the closer SYN is to reaching its ATH again.
Synapse's price: $0.749645
ATH date: October 24, 2021
ATH date: October 24, 2021
15.24%
Synapse ATH: $4.92
How to trade, convert or sell Synapse
You can convert or sell your SYN with the same exchange you bought it through:- Sign in to the exchange you have SYN on.
- If you store your Synapse in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of SYN you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Synapse.
- Complete your transaction and move your SYN to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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