To create a Synthetix account, you must connect your wallet and deposit collateral.
If you have problems connecting your wallet please see: How to connect my wallet?
How to get collateral
There is two ways to get your wallet funded.
Supported Collateral
USDT
sUSDe
wstETH
cbBTC
In this example, we’ll use USDT.
Option 1: Buy USDT
On a centralised exchange (e.g. Binance, Coinbase, Kraken).
After purchase, withdraw USDT to your Ethereum wallet.
Option 2: Swap for USDT
Use a decentralised exchange (e.g. Uniswap) to swap another token (ETH, USDC, etc.) for USDT.
Make sure you’re on Ethereum Mainnet when swapping.
⚠️ Always double-check you’re receiving USDT on Ethereum Mainnet (ERC-20), not from another chain like Tron (TRC-20) or BSC (BEP-20).
How to deposit collateral into Synthetix
Once you have USDT (or another supported collateral type), you can deposit it to create your Synthetix account.
Connect your wallet.
In the app, click 'Create Account'.
Choose USDT as your deposit token.
Type the amount your wish to deposit and confirm.
Confirm the approval in your wallet.
Confirm the deposit transaction (requires ETH for gas).
Once your deposit is confirmed, your Synthetix account is active. You can now trade, stake, or provide liquidity.