Buy Frax Share (FXS)

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What is Frax Share?

Frax Share (FXS) is the first fractional algorithmic stablecoin partially backed by collateral and partially stabilised algorithmically. It is an open-source, permissionless, and entirely on-chain project implemented on the Ethereum blockchain and other chains.

  • FXS is focused on a decentralised and minimally governed approach. Maximising decentralisation and relying on the complex algorithms to make adjustments depending on blockchain activity.
  • As a unique stable coin, 60% of all FXS will be distributed to liquidity providers and yield farmers over a number of years, enabling FXS to be entirely governed onchain.
  • FXS is also the first stable coin to implement the fractional-algotithmic hybrid design at the time of its launch in 2020. This ensures that FXS remains a purely community driven project.

Frax Share aims to be the first stablecoin protocol to implement Design and Algorithmic principles to create a highly scalable, trustless, extremely stable and ideologically pure on-chain money.

How do I buy Frax Share?

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 FXS and click "Buy".
That’s it!
You now own some Frax Share! You can click "Go to FXS Wallet" to see your Frax Share.

Learn more about Frax Share

Why Should I Trade FXS with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Frax Share no matter what your trading experience is. Unlike other international and Australian Frax Share 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 Share 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 Share 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 Share?

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 Share for free.

Cold Storage

If you are holding Frax Share 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 Share. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Frax Share. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Frax Share has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Frax Share 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 Share 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 Share & 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 Share 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 Share portfolio here.
Yes! With CoinSpot you can convert your Frax Share 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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