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Getting Started

Last updated: Jul 20, 2026

New to Synthetix? Start here.

This guide walks you through creating your trading account, depositing collateral, and placing your first perpetual trade.

Getting started only takes three simple steps:

  1. Connect your wallet.
  2. Create your trading account.
  3. Place your first trade.

Step 1: Connect your wallet

To begin, open the Synthetix Exchange and click Connect Wallet on the top right corner. Then approve the connection request in your wallet.

Click Connect Wallet in the top-right corner of the Exchange, then approve the connection request in your wallet.

This allows Synthetix to read your wallet address and interact with your funds when required.

Synthetix is built on the Ethereum ecosystem and requires an EVM-compatible wallet. While many wallets are available, the following are the most commonly used.

  • Rabby
  • MetaMask
  • WalletConnect-compatible wallets

Different Synthetix products operate on different blockchain networks. Synthetix is consolidating its products back onto Ethereum Mainnet, and any remaining deployments on Layer 2 networks are considered legacy or will be deprecated over time.

Always ensure your wallet is connected to the correct network before interacting with a Synthetix product.

Step 2: Set up your account

Once your wallet is connected, you'll need to create a trading account by depositing collateral.

  1. Click Create Account.
  2. Select the collateral asset you want to deposit (for example, USDC or ETH) and enter the amount.
  3. (Optional) Enter a referral code if you have one.
  4. Click Create Account to confirm your deposit.
Open Create Account, enter your deposit amount, optionally add a referral code, then click Create Account to confirm.
  1. Approve the required wallet transaction(s).
  2. Authenticate your account.
After approving the deposit transactions, click Authenticate to finish setting up your trading account.
  1. Your trading account is now ready for trading.

Step 3: Placing your first trade

  1. Open the Market Selector near the top-left corner.
  2. Select a market from the list, for example BTC-USDT.
  3. The selected market will load in the trading interface.
  4. Navigate to the Order Entry panel.
Select a market from the Market Selector, then use the Order Entry panel on the right to configure your trade.
  1. By default, a Market order is selected.
  2. Configure your order:
    • Set your leverage.
    • Choose Buy (Long) or Sell (Short).
    • Enter the position size.
  3. Click Buy / Long or Sell / Short.
Set your leverage, choose Buy or Sell, enter the position size, then click Buy / Long or Sell / Short to submit.
  1. Review the order details in the confirmation window.
  2. Submit the order.

Once your order has been filled, you can:

  • View your position on the chart.
  • Monitor your position from the Positions tab in the portfolio table.

See also