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Buy Frax (FRAX)

$1.0474 0.27%
0.27%
Instant Buy
Check the Frax price in Australian Dollar (AUD) in real time
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What is Frax?

Frax (FRAX) is the core token of the Frax Finance ecosystem, following the rebrand from Frax Share (FXS). Frax is a decentralised stablecoin and DeFi platform that issues multiple on-chain assets and operates a suite of protocols designed to support scalable, non-custodial financial infrastructure.

  • The ecosystem includes stablecoins such as frxUSD and FPI, liquid staking assets like frxETH, and native protocols for swapping, lending, and protocol-owned liquidity management.
  • Frax also operates Fraxtal, a modular Layer 2 network where FRAX is used as the gas token, alongside additional products such as Fraxlend, Fraxswap, and algorithmic market operations (AMOs).
  • The FRAX token is used for governance, staking, and capturing value generated across the Frax Finance platform.

Frax aims to build a resilient, DeFi system by combining stablecoins, lending, liquidity, and scaling infrastructure into a single integrated protocol. Its mission is to deliver on-chain money and financial tools that are scalable, trust-minimised, and governed by the community.

How do I buy Frax?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for FRAX and click "Buy".
That’s it!
You now own some Frax! You can click "Go to FRAX Wallet" to see your Frax.

Learn more about Frax

Why Should I Trade FRAX with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Frax no matter what your trading experience is. Unlike other international and Australian Frax exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Frax with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Frax how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Frax?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Frax for free.

Cold Storage

If you are holding Frax as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Frax. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Frax. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Frax has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Frax is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Frax exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Frax & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Frax safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Frax portfolio here.
Yes! With CoinSpot you can convert your Frax to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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