How to buy Frax (FRAX) in the UK

Learn how to buy Frax (FRAX) in our step-by-step guide.

- $0.0006 ( - 0.06%)

Where to buy Frax in the UK

It looks like FRAX may not be available to purchase on an exchange in the UK.

You can still purchase FRAX by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase FRAX using a decentralised exchange.
  1. Find FRAX on a decentralised exchange and make sure Frax can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for FRAX using an exchange like CoinJar. You will need to purchase enough ETH to swap for FRAX as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for FRAX on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the FRAX tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Frax wallets to store your FRAX

You can keep your FRAX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your FRAX below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets


Supported assets


Price (USD)


Price (USD)


Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Frax a good investment?

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.

Additional information about Frax can be found using our FRAX analysis tools.

Today's Frax price versus ATH

Compare today's price of Frax ($0.998715 USD) against its all-time-high price of $1.14 USD on 07 February 2021. The closer the bar is to 100%, the closer FRAX is to reaching its ATH again.

Frax's price: $0.998715
ATH date: February 07, 2021

Frax ATH: $1.14

How to trade, convert or sell Frax

You can convert or sell your FRAX with the same exchange you bought it through:
  1. Sign in to the exchange you have FRAX on.
  2. If you store your Frax in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of FRAX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Frax.
  6. Complete your transaction and move your FRAX to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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