Frax Price, News and Analysis (FRAX)

Frax (FRAX) Frequently Asked Questions

What is Frax?

Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance. (Description provided by CryptoCompare)

How do I buy Frax?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Frax.

Where can I get Frax wallet?

Frax produces its own wallet software that is available for download on its website, which allows you to store Frax on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Frax?

One Frax (FRAX) is currently worth $1.00 on major cryptocurrency exchanges. You can also exchange one Frax for 0.00001617 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Frax in U.S. dollars is $349.93 million.