Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Synthetix review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Synthetix is a decentralised exchange built for traders who want control of their own assets, with self-custody through self custody. An overall score of 4.8 reflects a venue that keeps trading costs low but offers a narrow range, so it suits experienced on-chain traders rather than newcomers to crypto.

Key facts

Best for
Low trading costs with self-custody for experienced on-chain traders.
Taker fee
0.05%↗
Coins listed
10↗
Maker fee
0.02%↗
Withdrawal fee
Per-asset withdrawal fee, deducted from the amount received, plus Ethereum Mainnet gas paid in ETH by the wallet↗
Derivatives
Yes↗
Exchange type
Dex↗
Legal entity
Molon Labe Inc.↗
Headquarters
Panama↗
Founded
2018↗
Support channels
Chat, Help-centre↗
Features
Self-custody
Official website
synthetix.io

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
Xdiscord.gg

Pros and cons

Pros

  • Derivatives are offered, so the venue covers more than plain spot trading.
  • Trading runs as a dex with self custody, keeping control of assets with the trader.
  • The venue has operated since 2018 as Molon Labe Inc., registered in Panama.

Cons

  • Support runs on chat and help centre only, so a stuck withdrawal goes to a help centre or in-app chat.
  • Withdrawals carry a per-asset fee deducted from the amount received, plus Ethereum Mainnet gas paid in ETH by the wallet.
  • Coverage is the weak point: 10 coins against a 71.5 median leaves little room to diversify.
Synthetix

Ready to try Synthetix?

Scored 9.0 / 10 by SumCue.

See alternatives

Who it suits

  • Traders who already run their own wallet and want control of their assets.
  • Experienced on-chain traders comfortable covering gas costs on withdrawal.
  • Derivatives traders looking for a venue beyond plain spot buying.

Who should look elsewhere

  • Anyone who wants a custodial account: 54% of the market works that way, so bunq or eToro may be the better fit.
  • Traders after a wide coin list should weigh eToro and Vivid Plus against 10 coins here.

The company behind it

Synthetix is run by Molon Labe Inc., registered in Panama, and has operated since 2018. The venue is built around self custody, so control of assets stays with the trader rather than with the platform. Support is self-serve: chat and help centre handle the questions, and wallet-level problems sit with the trader.

How Synthetix compares

Where Synthetix is available

Available
Everywhere except Belarus, Cuba, Iran, North Korea, Russia, Sudan, Syria

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to trade on Synthetix?+

Trading costs a taker fee of 0.05% and a maker fee of 0.02%, both taken as a share of the trade. That taker fee sits below the 0.25% typical of the wider crypto field, and Synthetix ranks at 27 among 121 brands compared on that measure.

How many coins can I trade?+

Synthetix lists 10 coins, which places it at 153 of 176 brands compared on coin count. The field median is 71.5, so the range covers a small part of what larger exchanges offer and limits how far a holder can spread positions.

Who holds the coins on Synthetix?+

The trader does. self custody is the arrangement, and the venue runs as a dex, so assets stay in wallets the trader controls rather than on a platform balance. The flip side is that nobody at Synthetix can move funds for you, so key storage and recovery sit with the trader.

Are derivatives offered?+

Yes, derivatives are offered alongside the spot markets. That gives a trader something to do beyond buying and holding coins, and on a dex with self custody the position is worked out on-chain rather than on a custodial platform balance.

What does a withdrawal cost?+

Withdrawals carry a per-asset fee, deducted from the amount received, plus Ethereum Mainnet gas paid in ETH by your own wallet. The real cost therefore moves with the asset and with network conditions, and it sits outside the trading fees entirely.

How is support handled?+

Support runs on chat and help centre. A help centre covers the common questions and chat takes the rest, and a phone line is not among the channels, so anything wallet-specific has to be worked out from the documentation and your own wallet.

Who runs Synthetix?+

The venue is run by Molon Labe Inc., registered in Panama, and has been operating since 2018. The exchange terms sit under that legal entity, which is the name to check before depositing funds or signing anything.

How do the fees compare with other platforms?+

Synthetix charges 0.05% to take. That is well under bunq at 0.25% to 1.99%, eToro at 1% and Vivid Plus at 2.25%, and the taker fee rank of 27 among 121 brands compared shows the gap is not marginal.

Sources

  • docs.synthetix.io checked September 26, 2026

    Backs: Support channels

    “The support chat widget should appear at the bottom right of this page”

  • docs.synthetix.io/about-synthetix/synthetix-history checked September 26, 2026

    Backs: Founded

    “Synthetix began in 2018 as Havven, a protocol for decentralized stablecoins”

  • docs.synthetix.io/deposits-withdrawals/withdrawing checked September 26, 2026

    Backs: Withdrawal fee

    “Withdrawals can have a per-asset withdrawal fee. The fee is deducted from the amount received and is shown before you confirm”

  • docs.synthetix.io/trading/fees checked September 26, 2026

    Backs: Maker fee, Taker fee

    “Regular User $0+ 0.020% maker 0.050% taker; Maker default fee rate 0.02%”

  • docs.synthetix.io/trading/markets checked September 26, 2026

    Backs: Coins listed, Derivatives

    “Listed markets: BTC-USDT, ETH-USDT, SOL-USDT, XRP-USDT, DOGE-USDT, ZEC-USDT, FARTCOIN-USDT, 1000PEPE-USDT, XMR-USDT, PUMP-USDT”

  • synthetix.io checked September 26, 2026

    Backs: Exchange type

    “Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet”

  • synthetix.io/exchange-terms checked September 26, 2026

    Backs: Features, Headquarters, Legal entity

    “We do not custody, possess, or control the virtual currency, cryptocurrency, stablecoins, liquid staking tokens, or other cryptographic tokens held in the Wallet connected”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Regulators, Fiat deposit methods.

Synthetix

Synthetix

Low trading costs with self-custody for experienced on-chain traders.

9.0/10See alternatives