How to Buy FPI on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing FPI. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing FPI.
Step 5: Purchase FPI
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of FPI you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy FPI.
Step 6: Store Your FPI
After purchasing, you can choose to store your FPI in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and FPI assets, be sure to use a strong password and enable two-factor authentication.
FPI Price:The Frax Price Index (FPI) represents an innovative approach within the cryptocurrency ecosystem, aiming to offer a stablecoin that is not directly pegged to any single national currency. Instead, it is tied to a basket of consumer goods, reflecting the concept of the Consumer Price Index (CPI). This design aims to provide a stable medium of exchange that can maintain its purchasing power over time, regardless of fluctuations in individual fiat currencies.The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
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