Best Synthetix Network Token SNX Interest Rates and APY

Best Synthetix Network Token SNX Interest Rates and APY

In this article we list the best Synthetix Network Token SNX interest rates. You will find where to get the best APY so you can make sure to earn the highest ROI.

Also, you will find information about the Synthetix Network Token, where to buy SNX and how to pay tax on SNX interest payouts.

If you are interested in getting the best interest rates on your other cryptocurrency holdings, you should visit this page where we list the best crypto interest APYs.

No Financial Advice, Information only. Do your own research

List: Best Synthetix Network Token SNX Interest Rates

In the table below you will find the best Synthetix Network Token SNX interest rates.

Invest

Interests

Review

*Sign up bonus with terms and conditions

**Reduction in fees

Earn Synthetix SNX interest with YouHodler

YouHodler is giving 6% interest rate on your Synthetix SNX deposits. YouHodler is a lending and borrowing crypto platform where you can earn high interest rates and APY on your deposits.

However, you can only earn interest on deposits under $100.000 equivalents in total.

YouHodler is offering high interest rates without loyalty systems and they have no native token so you will earn your interest in the deposited cryptocurrency.

YouHodler doesnt run any permanent welcome bonus as Celsius Network, Crypto.com and NEXO. However, they have had competitions and lotteries where you could win a Tesla and many other great things.

Read more in our YouHolder review.

YouHodler Pros and Cons

Pros

  • No loyalty levels
  • No native token
  • High interest rates

Cons

  • High withdrawal fees
  • You only earn interest on equivalents to $100.000

Binance Earn and Synthetix SNX token interest rates

Binance Earn is a product where you can stake your tokens and cryptocurrencies for 30, 60 or 90 days. Usually, you receive a higher interest rate if you stake and lock your funds for a longer time period.

Binance Earn is a great passive income feature where you often get the best yields. Also, they offer this product for many different cryptocurrencies.

Binance Earn doesn’t have any loyalty system and all users have the same chance to earn the same interest rates.

Binance Earn Pros and Cons

Binance Earn Pros

  • High interest rates
  • Many cryptocurrencies are included
  • No loyalty system (All users are treated equally)

Binance Earn Cons

  • You have to lock your funds to receive the best interest rates

What is the Synthetix Protocol?

Synthetix is a decentralized derivative trading and liquidity protocol built on the Ethereum network.

A user can mint Synthetic assets when they stake their SNX as collateral.

Once a user has minted the Synthetic assets backed by SNX those can be traded for derivatives.

The Synthetix protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.

Synthetix Network Token (SNX) is an ERC 20 Ethereum token. It is the native token of Synthetix.

We have other DeFi cryptocurrencies listed on Cryptocoinzone. For example, Uniswap which is a decentralized spot exchange. On Uniswap there are no derivatives or leverage trading available. See the best Uniswap UNI interest rates and staking rewards.

Where to buy Synthetix Network Token SNX?

There are several good exchanges offering Synthetix Token Network SNX token markets. In the table below you find the best crypto exchanges to buy SNX.

Exchange

Offer

Go

*Reduction in fees

**Available sign up bonuses

How to pay tax on Crypto Synthetix SNX interest Payouts?

You have to pay tax on your interest payouts from your SNX holdings. Luckily, this procedure can easy be automated by using a crypto tax software.

In the table below you find the two best crypto tax software on the market.

Tax Software

Offer

Sign Up

Cointracking crypto tax software logo
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