FRAX icon EUR icon

FRAX-EUR price

Price updated every 2 minutes.

FRAX icon

About FRAX

Name

Ticker

Circulating supplyQuestion mark circle icon

Maximum supplyQuestion mark circle icon

Launch date

RatingQuestion mark circle icon

FRAX

FRAX

No limit

16 Dec 2020

by Bluechip

Website

White paperQuestion mark circle icon

GithubQuestion mark circle icon

PegQuestion mark circle icon

CollateralQuestion mark circle icon

frax.finance

PDF (8 pages)

link

US dollar

Crypto reserve


FRAX market info

RankQuestion mark circle icon

High (24h)

Low (24h)

Price cChange (24h)

Price cChange (7d)

Price cChange (30d)

%

%

%

Market capQuestion mark circle icon

Volume (24h)

All-time high

ATH date

All-time low

(%)

FRAX FAQ

Find below the answers to the most common questions about the FRAX stablecoin. When available, we give you links to in-depth articles for further reading.

FRAX is a stablecoin that tracks the price of the US dollar. Initially, it was partially backed by collaterals and partially stabilized by an algorithm, but today it switched to a fully collateralized model.


Right now, 1 FRAX is worth €.


Right now, 1 euro is equal to FRAX.


A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with. To learn more, read our introduction to stablecoins.


For a detailed analysis of FRAX's safety, read its rating on bluechip.org.


The FRAX stablecoin is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the FRAX to deviate from the US dollar price for various technical or market reasons.

You never store FRAX in itself. Instead, you store the private key giving you access and control over a FRAX address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.


To send FRAX, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!


You can buy FRAX in euro with us by card or by sending us SEPA or SEPA Instant bank transfers, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy FRAX.


You can swap FRAX here against one of the cryptocurrencies that we support, using any self-custodial FRAX wallet. For more information, have a look at our step-by-step tutorial on how to swap FRAX.


To cash out FRAX with us, you simply need to transfer your crypto to our address. We'll convert your FRAX in EUR, then transfer the funds to your bank account anywhere in Europe. For more information, have a look at our step-by-step tutorial on how to sell FRAX.


FRAX price in other currencies

Check the price of FRAX in all the different fiat currencies that we support.


Top cryptocurrencies

Browse the price of the most popular cryptocurrencies among users of our service.


FRAX price in cryptocurrencies

Check the price of the main pairs to exchange FRAX with other cryptocurrencies that we support.

New to crypto?

Read on our blog everything you need to know to get started in the world of crypto on the right foot!

Get startedRight angle white icon

Have a question?

Check our FAQ

The most common questions that our clients ask us are all answered there. Have a look!

Contact us

We answer all your questions, and we answer them fast! Get in touch by email or through Bridge Wallet's contact form.