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How to buy Frax (FRAX) in the US

Learn how to buy Frax (FRAX) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

- $0.0012 ( - 0.12%)

How to buy Frax

1. Compare crypto exchanges

The easiest way to buy Frax is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, , and payments are all widely accepted.

4. Buy Frax

You can now exchange your funds for Frax. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Frax to your personal wallet.

Where to buy Frax

Find an exchange to buy, sell and trade FRAX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Cryptocurrency Exchange


Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.

Compare up to 4 providers

Steps on how to buy Frax

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Frax.

  1. Compare cryptocurrency exchanges that supports FRAX.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Frax.
  4. Buy Frax.
    Complete your Frax purchase and then find the best wallet to store FRAX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Frax

Below are the aspects you might want to consider before investing in FRAX and adding it to your cryptocurrency portfolio:
  • Supply: Since FRAX is a stablecoin that is soft-pegged to the US dollar, the supply of the token is dynamic. The supply changes constantly to maintain the price of the asset at $1 in accordance with its fractional algorithmic policy.
  • Frax Shares (FXS): FXS is the governance token of the Frax ecosystem. It is used as a mechanism to excess collateral value, accrue fees and seigniorage revenue.
  • Collateral ratio: FRAX has part of its supply backed by collateral and part by the supply algorithm. The ratio of these components is dependent on the market price of the FRAX stablecoin. When its price is over $1, the protocol decreases the ratio and when the price is less than $1, the collateral ratio is increased.
  • Reserves: FRAX is based on reserves and also under-collateralised. It is backed 100% by assets in agreement with the governance protocol. Suppose 40% is backed by USDC or USDT, the other 60% would need to be backed by FSX.
  • Collateralisation assets: The stablecoin is collateralised by 2 major assets: a stablecoin and FXS. The stablecoin backing it partially could be USD Coin (USDC) and USD Tether (USDT).
  • Oracles: This protocol uses oracles for the network to access real-world data. It uses Uniswap for ETH, USDT, USDC time-weighted average prices and Chainlink for US Dollar prices.

How to sell Frax

You can cash out your FRAX with the same exchange you bought it through:

  1. Sign in to the exchange you have FRAX on.
    If you store your Frax in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of FRAX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Frax.

Disclaimer: Cryptocurrencies, including Frax, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FRAX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Frax or any other cryptocurrency discussed.

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