Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Frax (prev. FXS) (FRAX) on LBank
Learn how to buy Frax (prev. FXS) (FRAX) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy FRAX on LBank
How to Buy FRAX on LBank: Payment Methods Overview
Explore the available payment methods for buying FRAX on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy FRAX.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Frax (prev. FXS) (FRAX) on LBank?
Check the preparations required before buying Frax (prev. FXS) (FRAX) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy FRAX with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Frax (prev. FXS) on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Frax (prev. FXS). LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Frax (prev. FXS) on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Frax (prev. FXS).
LBank supports multiple payment methods
You can use the following payment methods to purchase Frax (prev. FXS) on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Frax (prev. FXS) you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
AM AMG_Trading 833 min | 100% | 0.918 USD | 6041.05 USDT 200.000 - 5545.683USD | Bank Transfer | |
YY YYDS_Trader 999 min | 100% | 0.936 USD | 3211.18 USDT 400.000 - 3000.000USD | Bank Transfer | |
ET ETZ_Trader 990 min | 100% | 0.936 USD | 5316.00 USDT 400.000 - 4900.000USD | Bank Transfer |
What is Frax (prev. FXS) (FRAX)?
Frax Finance is a decentralized finance protocol that focuses on issuing decentralized stablecoins and building supporting sub-protocols. Originally launched in 2020 as the world first fractional-algorithmic stablecoin system, the project has evolved into a comprehensive DeFi ecosystem with its own Layer 2 blockchain called Fraxtal. The token referred to as Frax (formerly FXS) represents the core utility and governance asset of the system. In a significant strategic shift to unify the ecosystem identity, the project transitioned the original Frax Share (FXS) token into the base monetary unit of the Fraxtal network. In this capacity, the token serves as the primary commodity asset for the blockchain, where it is used to pay for transaction fees (gas) and secure the network through staking. This evolution reflects a move toward a more streamlined model where the same asset that governs the protocol also powers its underlying infrastructure. At the heart of the protocol is its stablecoin issuance system. Historically, the project was known for its hybrid approach to stability, where the supply was partially backed by collateral and partially stabilized through algorithmic mechanisms. As the protocol matured into its third version, it shifted its focus toward full exogenous collateralization. This transition aims to ensure that its flagship USD-pegged stablecoin is always supported by external assets, managed through smart contracts known as Algorithmic Market Operations. The ecosystem includes several integrated sub-protocols designed to enhance the utility of its tokens. These include Fraxlend, a permissionless lending facility; Fraxswap, a decentralized exchange with native time-weighted average market maker capabilities; and Frax Ferry, an optimistic transfer protocol for moving assets across different blockchains. Additionally, the protocol issues other specialized stablecoins, such as one pegged to the Consumer Price Index to track purchasing power, and a liquid staking derivative for Ethereum. Governance in the ecosystem is facilitated through a vote-escrowed system. Users can lock their tokens to receive voting power, which allows them to participate in decision-making processes such as adjusting protocol fees, allocating assets, and determining the direction of future developments. The system is designed to reward long-term participants by granting higher weight to those who commit their assets for longer periods. By integrating these various components, the project seeks to provide a scalable and decentralized alternative to traditional financial systems. Learn more
Is Frax (prev. FXS) (FRAX) a good investment?
Whether Frax (prev. FXS) (FRAX) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Frax (prev. FXS) (FRAX) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying FRAX on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
FRAXDate
2026-06-07
You will earn $-- in profit, with an ROI of --
What can you do with Frax (prev. FXS) (FRAX)?
Investment
Buy and hold Frax (prev. FXS) (FRAX), expecting its value to increase over time.
Trade
Actively trade Frax (prev. FXS) (FRAX) on LBank to profit from price fluctuations.
Pay
Use Frax (prev. FXS) (FRAX) to pay for goods and services where accepted.
Why is LBank the best platform to buy Frax (prev. FXS) (FRAX)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Frax (prev. FXS) (FRAX).
Competitive fees
LBank provides competitive trading fees for Frax (prev. FXS) (FRAX).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Frax (prev. FXS) (FRAX).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Frax (prev. FXS) (FRAX) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Frax (prev. FXS) (FRAX) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying FRAX, what is the best way to store it?
After buying FRAX, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Frax (prev. FXS) (FRAX) FAQ
In a significant strategic move, Frax Finance has rebranded its governance and utility token, FXS, to FRAX. This new FRAX token now serves as the primary governance and utility asset for the entire Frax ecosystem. To maintain clarity and avoid confusion, the original USD-pegged stablecoin, previously known as FRAX, has also been rebranded and is now known as frxUSD. Essentially, the old FXS is now the new FRAX governance token, while the stablecoin has a different name, frxUSD.
The necessary steps depend on where your FXS tokens are held. If your FXS tokens are stored on a centralized crypto exchange, the conversion to the new FRAX token is typically handled automatically by the exchange. Users holding FXS directly on-chain in their personal wallets, however, will need to manually migrate their tokens. This can be done by using the official Frax dashboard, which provides the necessary tools and instructions for the seamless conversion of FXS to the new FRAX ticker.
Fraxtal is Frax's newly launched Ethereum Layer 2 rollup blockchain. Its primary purpose is to scale the Frax ecosystem, offering faster transactions, lower fees, and enhanced network capacity for all Frax-related applications and users. A key feature is its utilization of the new FRAX token (formerly FXS) as its native gas token, deeply integrating it into the network's operations. Fraxtal also introduces a unique blockspace incentive system called Flox, which rewards users and developers with FXTL points for their gas spending and smart contract interactions, fostering ecosystem activity and growth.
No, the Frax stablecoin, now known as frxUSD, is no longer an algorithmic stablecoin in the traditional sense, and it cannot experience a "death spiral" like UST. Following community consensus, the project made a significant shift to operate with a 100% collateralization ratio (CR). This means that every frxUSD stablecoin is fully backed by reserves, eliminating the reliance on complex algorithmic mechanisms that could lead to de-pegging under stress. While it still employs "Algorithmic Market Operations" (AMOs), these are designed to safely manage yield and maintain stability through transparent and well-collateralized operations, ensuring robust backing for the stablecoin.
Within Frax's liquid staking system, frxETH and sfrxETH serve different purposes. frxETH is a liquid staking derivative that is pegged to the value of Ethereum (ETH). It functions as a stablecoin representation of ETH and does not inherently accrue staking rewards directly to its holders. Its value remains consistent with ETH. In contrast, sfrxETH is the "staked" version of frxETH. When users hold sfrxETH, they are actively participating in the staking process and automatically earn all the staking rewards generated from the entire Frax liquid staking pool. This means that the price of sfrxETH is designed to increase relative to ETH over time, reflecting the accumulated staking yield.
The veFXS system, now known as veFRAX, operates as Frax's powerful vote-escrow governance and utility mechanism. Users can obtain veFRAX by locking their FRAX tokens (formerly FXS) for a chosen duration, ranging up to four years. The longer the lock-up period, the more veFRAX an individual receives, granting them greater influence. By holding veFRAX, users gain several key benefits: enhanced governance voting power over protocol proposals, boosted yields when providing liquidity in various Frax liquidity pools, and a direct share of the protocol's generated revenue, often referred to as seigniorage. This system aligns user incentives with the long-term success and growth of the Frax ecosystem.
