Buy Frax Token in seconds

Buy Frax token securely on Monitok hybrid exchange. Use card or bank transfer. Start with as little as $1.

Buy Frax token

Frax · FRAX

USD

Overview

Popularity

121

Type

Token

Active since

December 2020

Stats

Market cap

USD 647.38M

Volume last 24h

USD 16.88M

Circulating supply

649.43M

Official token site

What makes Frax Token special?

The FRAX token is the governance token for the Frax protocol, which is recognized as the first fractional-algorithmic stablecoin system. It enables token holders to participate in governance decisions affecting the protocol's future developments and adjustments. Additionally, the tokenomics of FRAX are designed to balance algorithmic and collateralized methods to maintain stability and ensure the coin's peg to the US dollar, making it unique in the stablecoin space.

How to buy Frax Token on Monitok?

Seamless steps to get started on Frax token trading

Download & install the Monitok App

Navigate to your device's app store and download the Monitok app. Follow instructions for a quick & easy setup.

Create an Account

Open the Monitok app, follow the prompts to create an account and wallet. Secure it by saving the wallet's seed phrase and using a strong password.

Buy FRAX

Get FRAX on Arbitrum via deposit from another wallet OR using your credit card. Once your account is set up, you can obtain or deposit FRAX to start trading efficiently.

Join the waitlist to get access

Early Access to Monitok

Get to try out state of the art hybrid exchange app first

Earn 1M Monitok points

Get points that can be utilised within the app

Referral rewards

Refer friends to earn rewards from $100 000 pool

Why Monitok is the best way to buy FRAX?

Lightning fast transactions

Buy FRAX using a card or SEPA bank transfer and see it in your wallet instantly

Convenient payment methods

Buy FRAX instantly with a credit or debit card, instant SEPA, Apple Pay, manual bank transfer, and more.

Buy with best prices

Buy FRAX with the cheapest rates compared and sourced from 100+ other decentralized exchanges

Purchase the amount that you need

You can buy the amount of FRAX starting from $1.

Truly own FRAX

With Monitok’s self-custodial wallet, secure and own your assets.

Benefit from the Monitok ecosystem

Buy, swap, sell, send, earn and more with the extensive features of the Monitok app.

What can I do after I buy FRAX?

Unleash the potential of decentralized trading

Pay gas fees

You can use FRAX to pay gas fees and facilitate trades and other transactions on Monitok

Stake & earn

You will have a selection of staking options for your FRAX

Trade

You can trade your FRAX for over 100 tokens available on Monitok

Sell & withdraw

You can sell your FRAX whenever you like to withdraw fiat currency to your bank account

Join the waitlist to get access

Early Access to Monitok

Get to try out state of the art hybrid exchange app first

Earn 1M Monitok points

Get points that can be utilised within the app

Referral rewards

Refer friends to earn rewards from $100 000 pool

Convert FRAX for other assets

FRAX to USD

FRAX to EUR

FRAX to ETH

FRAX to LINK

FRAX to ARB

FRAX to BTC

FRAX to USD

FRAX to EUR

FRAX to ETH

FRAX to LINK

FRAX to ARB

FRAX to BTC

Frequently asked questions

Should you still have questions about our platform, look no further

What is FRAX?

The FRAX token is the governance token for the Frax protocol, which is known for being the first fractional-algorithmic stablecoin.

How do I buy FRAX?

You can buy FRAX directly on the Monitok app with fiat and/or other cryptocurrencies.

Why should I buy FRAX?

The Frax token is special because it operates as the first fractional-algorithmic stablecoin in the cryptocurrency market, blending collateralized and algorithmic mechanisms to maintain its peg to the USD.

How do I buy FRAX with a credit card?

You can buy FRAX directly on the Monitok app with a credit card. Here’s how: 1. Create an account on the app 2. Go to your wallet 3. Click the “Buy” button 4. Follow the steps & input your credit card information Voila! You just bought FRAX with a credit card.

How do I buy FRAX with a bank transfer?

For bank transfers, you can use several on-ramp providers integrated on Monitok. The flow looks more or less similar: 1. Go to your wallet 2. Press the “Buy” button 3. Select the amount you would like to buy 4. Select the “Manual Bank Transfer” payment method 5. Go to your bank account 6. Send money to displayed IBAN with displayed reference code from your bank account P.S.: It takes up to two days for your assets to be attributed to your account.

What is the minimum amount of FRAX I can buy?

The minimum amount of any crypto purchase is $1 USD.

Why is Monitok the best place to buy FRAX?

Monitok is a self-custodial exchange with price aggregation from 100+ DEXs to bring the best price for your trading. Also, with self-custody, only you have access to your assets, along with you can track all your portfolio from the Monitok mobile app. In addition to that, with our fiat on/off-ramp feature, you don’t need several applications, you can buy/sell all your crypto and fiat on the app.

What blockchain is FRAX on?

FRAX is on Arbitrum, Optimism, Moonriver, Solana, Avalanche, NEAR, Harmony, Polygon, Fantom, BNB Chain, and Ethereum.

How does FRAX work?

Frax is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain.