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Getting Started

Last updated: Mar 11, 2026

New to Synthetix? Start here. This guide walks you through the basics of trading perpetual futures on Synthetix. You'll be ready to place your first trade in just a few steps.

Three quick and easy steps to get you started

Step 1: Connect your wallet Step 2: Set up your account Step 3: Placing your first trade

Step 1: Connect your wallet

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

This allows Synthetix to read your wallet address and interact with your funds when required. No account or sign-up is needed.

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 may operate on different 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 add funds to create your account.

  1. Open the Synthetix Exchange
  2. Click Create Account on the top right
  3. Enter the amount you want to deposit
  4. Confirm your deposit by clicking Create Account
  5. Your Trade Account is now created

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
  5. Market order will be selected by default
  6. Adjust your order details as needed:
    • Set your leverage
    • Choose Buy (Long) or Sell (Short)
    • Enter a value or quantity
  7. Click Buy / Long or Sell / Short
  8. Review the order details in the confirmation modal
  9. Submit the order to place the trade

After your order is placed:

  • Your position will appear on the chart
  • Your position will also be visible in the Positions tab within the portfolio table

See also