FRAX icon SEK icon

FRAX-SEK price

kr

Price updated every 2 minutes.

FRAX icon

About FRAX

Name

Ticker

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FRAX

FRAX

No limit

16 Dec 2020

by Bluechip

Website

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frax.finance

PDF (8 pages)

link

US dollar

Crypto reserve


FRAX market info

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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 kr .


Right now, 1 Swedish krona 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 with us here from Sweden by sending us bank transfers in SEK, 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 SEK, then transfer the funds to your bank account in Sweden. 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.


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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!

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