How to Buy Frax Share (FXS)

Interested in buying Frax Share (FXS) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Frax Share (FXS) instantly wherever you are! Check out all the ways you can buy FXS on KuCoin.

Buy Frax Share (FXS) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Frax Share (FXS)

Use a variety of payment options to buy Frax Share on KuCoin. We'll show you how.

Choose How You Want to Buy Frax Share on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Frax Share (FXS).

Buy Frax Share (FXS) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Frax Share (FXS). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Frax Share (FXS) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Frax Share (FXS).

Tip: KuCoin offers a variety of order types to buy Frax Share (FXS) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Frax Share (FXS) in your Trading Account.

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How to Store Frax Share (FXS)

The best way to store Frax Share (FXS) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Frax Share (FXS).

Store Frax Share in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Frax Share in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Frax Share (FXS) to a non-custodial wallet. Storing Frax Share (FXS) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Frax Share (FXS) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Frax Share (FXS).

What Can You Do with Frax Share (FXS) on KuCoin?

Hold

Store your Frax Share (FXS) in your KuCoin account.

Trade

Trade Frax Share (FXS) in the spot and futures markets.

Earn

Earn passive income by staking or lending Frax Share (FXS).

Why Is KuCoin the Best Platform to Buy Frax Share (FXS)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Frax Share and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Frax Share (FXS) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain FXS in an instant when you buy on KuCoin.

Trade

Spot

Futures

FXSUSDTM

‎$ 5.23600000

-2.09%

Futures

FAQ

Is Frax Share (FXS) a Good Investment?

As the governance token of a protocol that aims to offer a highly scalable and innovative stablecoin, the FXS crypto could be a good digital asset to include in your portfolio. It is an incredibly sound investment if you wish to diversify your potential into the decentralized finance (DeFi) sector.

As the DeFi market booms and the demand for the FRAX stablecoin increases, the price of FXS will also climb higher as the Frax Protocol maintains its stable coin’s peg to the US dollar. This could make the FXS token a valuable crypto asset to invest in and hold.

When the Frax Protocol developers announce new features and expand their operations to more blockchain ecosystems in the future, the use of their stablecoins could rise further. This could also contribute to an uptrend in the FXS price in the future.

What is the Frax Share Coin Price Prediction?

While it is impossible to make an accurate FXS price prediction over any duration, several factors drive volatility in the Frax Share price, including:

Level of Use of FRAX Stablecoin and Frax Finance

The price of FXS token could increase as the demand for the FRAX stablecoin picks up among users. This could also occur as Frax Finance expands to more blockchain networks beyond Ethereum and the 12 blockchains it supports as of January 2023.

Future Upgrades and Announcements

When the team of developers behind Frax Finance announces new features, integrations, partnerships, and investments, investor confidence in the FXS crypto picks up. This, in turn, could drive the price of Frax Share token higher in the market.

Market Sentiment

Positive market sentiment towards cryptocurrencies, especially DeFi, could also play a massive role in supporting the price of FXS cryptocurrency. A bullish mood among investors could increase the FXS price, while a bearish or risk-averse mood could result in sell-offs that could lower the value of Frax Share token.

What Is FXS Token Used For?

FXS is the governance token of the Frax ecosystem and has several use cases, including:

Utility Token

FXS token holders can participate in the decentralized governance of the Frax Protocol. They enjoy voting rights and can decide democratically on critical issues, such as adding or adjusting collateral pools, changing various fees within the platform, refreshing the rate of the collateral ratio, and more.

Price Stability Mechanism for FRAX

The FXS token is minted or burned based on the variations in demand for the FRAX stablecoin. Higher demand for the FRAX stablecoin would result in more FXS minted to maintain the stable coin’s peg to the US dollar.

Crypto Asset to Trade and HODL

Trade Frax Share against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell FXS against other digital assets or hold long-term if you believe in the future potential of the Frax Protocol.

Staking

You can also stake FXS within Frax Protocol to generate veFXS and enjoy special boosts. Staking FXS lets you enjoy exclusive governance rights, and access to AMO profits and offers a lucrative way to earn passive income risk-free and conveniently.

Who Are the Partners of Frax Finance?

Frax Finance has several established investors and backers, including Dragonfly Capital, ParaFi Capital, Mechanism Capital, Crypto.com Capital, Electric Capital, Synthetix, and more.

How to Stake Frax Share

Staking Frax Share token gives you several benefits, including offering a convenient way to generate passive income. Here’s how to stake $FXS on Frax Finance:

1. Set up a crypto wallet that can store FXS tokens, e.g., MetaMask. Fund your wallet by buying Frax Share on KuCoin or other supported platforms and withdrawing your crypto to your wallet.

2. Connect your wallet to the Frax Finance app. Visit the veFXS Dashboard section of the app.

3. Head to the Lock FXS section and enter the number of FXS tokens you wish to stake. Select the Lock Period in weeks next and review the APR on offer.

4. Click on the Lock FXS button after entering the details to confirm the transaction.

5. Click on Stake on the pop-up window to process the transaction from your wallet.

6. Click on Initialise after creating your veFXS tokens for the first time. This will let the yield distributor contract track your claims.

7. Sit back, earn rewards, and watch your crypto holdings grow by staking FXS.

Frax Share (FXS) Price Analysis

Live Price

The live price of FXS is 5.23 USD, representing a decrease of -0.24% in the past 7 days and -1.83% decrease in the past 24 hours.

Historical Trends

The all-time high of FXS was 42.67 USD on 04-03, 2022, from which the coin is now down -87.73%.
The all-time low of FXS was 1.51 USD, from which the coin is now up 71.02%.

ATL$ 1.51

ATH$ 42.67

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Disclaimer

Given the nature of the crypto market, the price of Frax Share (FXS) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.