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How to buy Frax(FRAX) on OKX

Updated on: 2024-09-19 22:01:28(UTC+0)
In this tutorial we will talk about:
1
How to buy Frax(FRAX)
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How to redeem USDT with a credit card and then exchange it into Frax(FRAX)
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How to purchase USDT with a savings card and exchange it for Frax(FRAX)
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Use the quick way to purchase USDT and exchange it for Frax(FRAX)
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What can you do with Frax
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Market stats to help you decide if it is a good time to buy Frax
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How to Safely Store Your Frax

How to buy Frax(FRAX)

How to buy cryptocurrency on an exchange

Investing in Frax(FRAX)has never been easier! Registering on an exchange, verifying your account, and paying via bank transfer, debit or credit card, paired with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Here’s a how-to guide on how to buy cryptocurrency on an exchange.

Step 1: Register on OKX (click the link to register)

You can register by email or phone number, then set a password and complete the verification to pass the registration.


Step 2: Identity Verification—Submit KYC information to verify your identity

Please verify your identity to ensure full compliance and enhance your experience with complete identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification and once your ID has been successfully verified, you can start transactions by binding your bank card or credit card.

How to redeem USDT with a credit card and then exchange it into Frax(FRAX)

Step1:Click to buy crypto, first select your country, then click Card

Step2:Select my profile in the upper right corner

Step3:Select Add Payment Method in the lower right corner and select the credit card applicable to you to fill in the information and bind it, for example: Wise, Visa, etc.

Step 4: Click P2P Transaction again, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 5: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Frax (FRAX), and purchase it. Token.


How to purchase USDT with a savings card and exchange it for Frax(FRAX)

Step1:CardClick to buy Crypto and select a card

Step2:Select my profile in the upper right corner

Step3:Select Add Payment Method in the lower right corner, and select the debit card applicable to you to fill in the information and bind it, such as: Payeer, ABA bank, TowerBank, etc..

Step4:Click Trade and find the P2P option, select the corresponding payment method and select the appropriate merchant to complete the transaction.

Step 5: After completing the transaction, your amount will be converted into USDT (USDT is a US dollar stable currency, calibrated 1:1 with the US dollar) and stored in the account. That is, click on transaction, search for Frax (FRAX), and purchase it. Token.

Use the quick way to purchase USDT and exchange it for Frax(FRAX)

Step1.Click to buy Crypto and select a card

Step2.Enter the amount of Frax(FRAX)you want

Step3.Click p2p to purchase

Step 4: Click Transaction, search for Frax(FRAX), and purchase its tokens.





About OKX

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OKX

What Is OKX?

OKX is a global company offering exchange and Web3 services with offices in Hong Kong, Singapore, the UAE, Silicon Valley, and the Bahamas. OKX exchange services are offered by its Seychelles-incorporated and Bahamas-registered entities. OKX offers Web3 services in the United States and has an office in Silicon Valley, but it does not offer exchange services in the United States. The exchange offers basic trading including spot and simple options, and derivatives including margin, futures, perpetual swaps and options. Other products include: trading bots, block trading, OKX Earn (savings, stablecoins, DeFi, staking, ETH 2.0 and more), crypto loans and Jumpstart, the exchange’s launchpad.

OKX wallet claims to be the “portal to Web3,” offering a crypto hot wallet, decentralized exchange (DEX), a NFT marketplace and decentralized applications (DApps). The wallet supports over 30 networks, including major blockchains like Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, Fantom and more.

OKX also has its own native blockchain — X Layer and native token — OKB, which allows builders and projects to deploy DApps and developers to use infrastructure like OKX Oracle and more.

In January 2022, OKEx was rebranded as OKX, with a new branding and roadmap.

Who Are the OKX Founders?

OKX (formerly OKEx) is owned by OK Group.

The company was founded by Mingxing "Star" Xu back in 2013 in China. Xu is a Chinese entrepreneur. He holds a Bachelor's degree in Applied Physics from the University of Science and Technology Beijing. Star Xu is CEO of OK Group.

The present CEO of OKX is Star Xu.

When Did OKX Launch?

The exchange, formerly known as OKEX, was launched in 2017.

OKX Restricted Countries

The project is supported in over 200 countries. However, residents of the United States don’t have access to the platform's services.

What Coins Are Supported on OKX?

The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. The platform lists major tokens including BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT.

How Much Are OKX Fees?

The fee structure is based on market taker and maker model. Trading fees on the platform start at 0.10% and decrease as trading volume increases. For regular users, fees depend on the number of OKB (native currency) in the OKX ecosystem, while for advanced users, fees are based on their 30-day trading volumes.

Is It Possible To Use Leverage or Margin Trading on OKX?

OKX offers margin trading with leverage up to 10X. For derivatives, OKX also offers futures trading and perpetual swaps with up to 125X leverage. Traders can also leverage through crypto options, including BTC, ETH and more.

How to buy Frax in other countries?

Anywhere OKX exchange is available, you may easily purchase Frax (FRAX) with the lowest costs and maximum security. To begin purchasing Frax in the country of your choice, enter your country's name in the search box below:

What can you do with Frax

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Store/Hold Frax
Many users hold on to their Frax with the expectation of it increasing in value. You can store your FRAX safely on your OKX account or on our crypto wallet app Wallet, the most user-friendly and secure mobile wallet.
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Trade Frax
You can trade Frax for 150+ cryptocurrencies on OKX exchange's industry-leading, fast, and secure trading platform. OKX offers many trading pairs for Frax trading to meet your needs.
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Send Frax
Yes, OKX allows you to easily transfer value around the world, fast. You can buy Frax online and send to anyone and anywhere with their Frax address.
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Spend Frax
You can also buy goods and services with your Frax. More and more vendors and retailers accept Frax every day.
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Donate Frax
OKX accepts Frax donations from institutions to support global projects aimed at improving the lives of the underprivileged billion. You can donate Frax to ensure that no one misses out on the growth brought by blockchain.
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Learn More About Frax
You can read more in-depth articles on Frax from OKX Research and study how cryptocurrencies like Frax work on OKX Academy.

Market stats to help you decide if it is a good time to buy Frax

Perhaps all you need to know is more about it. Allow us to take you through some of the most fascinating Bitcoin Facts from OKX Academy articles in a quick manner. Find out now why people purchase Frax!

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

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How to Safely Store Your Frax?

The OKX wallet offers the most reliable and industry-leading security for risk management, where Frax can be safely kept. To begin holding a Frax wallet, register on OKX exchange.

FAQ

Q
How do I purchase Frax?
A
Nowadays, you can purchase & store Frax hassle free on exchange. You can use your credit card, bank transfer or perform peer-to-peer trade to buy Frax. You can easily do it on your computer, tablet or iOS or Andriod phone.
Q
Can I buy $1 worth of Frax?
A
Typically, you can purchase $1 worth of Frax, but it depends on the exchange and the cryptocurrency you choose. Some exchanges allow minimum amount transactions, while others may have restrictions on the minimum transaction amount. It is advisable to check the trading rules and minimum transaction amounts when selecting an exchange and cryptocurrency.
Q
Where can I still buy Frax?
A
You can still buy Frax on various cryptocurrency exchanges. Some popular exchanges where you may find Frax include OKX, Binance, Coinbase, Kraken, and Huobi. Be sure to check the availability of Frax on these platforms and consider factors such as trading pairs, fees, and security features before making a purchase.
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Where is the best place to buy Frax?
A
The best place to buy Frax depends on factors such as your location, preferred payment method, and trading preferences. Some popular options for buying Frax include reputable cryptocurrency exchanges like Binance, Coinbase, Kraken, and Huobi. It's recommended to compare features such as fees, supported trading pairs, security measures, and user interface to determine which platform aligns best with your needs. Additionally, you may consider peer-to-peer trading platforms or decentralized exchanges for alternative options.
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Can I view the Frax chart now?
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Of course, CoinMapAi not only provides information on how to buy Frax, but also supports viewing Frax chart. Click on the link next to it to view the actual rise and fall data.

Market risk applies to any cryptocurrency investment activity, including using OKX exchange to purchase Frax online. While we make every attempt to thoroughly inform our users about every cryptocurrency we offer on the exchange, OKX exchange does not take responsibility for any outcomes that may emerge from your purchase of Frax. Nevertheless, we do offer simple and convenient ways for you to buy Frax quickly. The content on this website is not intended to be construed as endorsing any specific cryptocurrency or way to obtain it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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