Buy Frax Protocol in Canada/

How to buy Frax Protocol (FXS) in Canada

Updated on: 2025/08/05 13:24:59 (UTC+0)

Coin rating

4.6

Bitget is legally accessible in Canada. You can buy Frax Protocol in Canada through Bitget.

Note: Good things take time. This coin hasn't been listed yet. Stay tuned to our announcements for listing updates. Once it's available on Bitget, you can follow our tutorial to purchase it. The same tutorial applies to all listed cryptocurrencies on Bitget.

What is Frax Protocol (FXS)?

Frax Protocol is a DeFi protocol on Ethereum that introduces the first partially collateralized and partially algorithmic stablecoin. Its goal is to create a new type of cryptocurrency that is decentralized, scalable, and managed by algorithms to replace digital assets with fixed supply. The team behind Frax believes that such cryptos have better efficiency and is proud that their stablecoin is the only algorithmic stablecoin to have never lost peg.

The FRAX stablecoin of Frax Protocol currently exists on 7 chains, namely Ethereum, Polygon, Avalanche, BNB Chain, Fantom, Harmony, and Moonriver.

Frax Protocol was founded in 2019 by Sam Kazemian, Jason Huan, and Travis Moore.

How Frax Protocol (FXS) Works

Frax operates with two tokens: the fractionally-algorithmic stablecoin FRAX and the governance token FXS (FRAX Shares). The collateral ratio, price, and supply of FRAX, as well as the price and supply of FXS intricately influence one another, and they all are adjusted dynamically using algorithms. The time-weighted average of Uniswap pair price and the ETHUSD Chainlink Oracle are also variables that play a part in determining the price and collateral of FRAX. These sophisticated mechanisms allow FRAX to stay on peg and they can be modified through governance.

How Many Frax Protocol (FXS) Tokens Are in Circulation?

The hard cap on supply of FXS is 100 million, and the circulating supply is 16.2 million.

How to Buy Frax Protocol (FXS)

Consider investing in Frax Protocol (FXS)? It only takes 2 minutes to create an account on Bitget and start trading FXS.

Check out the available FXS trading pairs on Bitget!

Spot market

FXSUSDT

Frax Protocol (FXS) Resources

Official Website

Official Documents

Simple 3-step guide to buying FXS today in Canada

Create your free Bitget account

Provide your email address and place of residence.

Select a funding method

Fund your account using your preferred payment method.

Complete your Frax Protocol purchase

Buy Frax Protocol with as little as $5.

Step 1: Create a free account on the Bitget website or the app

Please verify your identity to ensure full compliance and enhance your Bitget experience.

You can access the identity verification page, select your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 2: Place an order for Frax Protocol using a payment method of your choice:

Buy Frax Protocol with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Frax Protocol order.
How to buy crypto with credit/debit card
Buy Frax Protocol with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Frax Protocol is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Frax Protocol order.
How to buy crypto via third-party gateway
Buy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Frax Protocol order.
Buy Frax Protocol with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Frax Protocol order.
P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.
How to buy crypto on Bitget P2P

Step 3: Monitor Frax Protocol in your Bitget spot wallet

If you've chosen to purchase Frax Protocol on Bitget, your Frax Protocol will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.

Check your assets

Bitget—where the world trades Frax Protocol

Fast and efficient

Our advanced matching engine ensures a lightning-fast, smooth trading experience, making Bitget the go-to platform for speed and reliability.

Top-tier security

With proof of reserves, a dedicated protection fund, and third-party custody mechanisms, Bitget prioritizes the safety of your assets, earning the trust of millions globally.

Ultimate trading experience

Trade cryptocurrencies seamlessly with Bitget's deep liquidity, empowering you to make confident, stress-free transactions every time.

24/7 support

Bitget's dedicated customer service team is available 24/7 to provide fast, professional assistance, ensuring an exceptional user experience.

How to buy Frax Protocol for free

Using real money to buy Frax Protocol is not the only way to obtainFrax Protocol. If you have the time to allocate, you can get Frax Protocol for free.

Learn how to earn Frax Protocol for free through the Learn2Earn promotion
Earn free Frax Protocol by inviting friends to join Bitget's Assist2Earn promotion
Receive free Frax Protocol airdrops by joining On-going challenges and promotions

All crypto airdrops and rewards can be converted to Frax Protocol through Bitget Convert, Bitget Swap, or Spot Trading.

Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Frax Protocol Price Page and bookmark them to stay updated!

Buy Frax Protocol

FXS / USDCurrent price:

$2.75

-0.15

-5.30%24H

The live Frax Protocol price today is $2.75 USD, with a 24-hour trading volume of $284,024.35 USD. We update our FXS to USD price in real-time. FXS is -5.30% in the last 24 hours.

Are you planning to buy FXS?

See if other users are buying FXS:

Yes

Buy other cryptos

Buy Frax Protocol in a different country

You can easily buy Frax Protocol (Frax Protocol) with the lowest fees and highest security wherever Bitget is available. Simply select your country in the search box below to start buying Frax Protocol in your preferred location:

canada

A selection of popular Frax Protocol buying regions.

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A welcome pack of 6200 USDT for new users!

FAQ

Can I buy $1 worth of Frax Protocol?

In theory, Frax Protocol is divisible enough that you could buy just $1 worth, but Bitget's spot market requires a minimum order value of $5.

Can I buy $10 of Frax Protocol?

Yes, can be divided and bought in an amount worth $10. Bitget's spot market has a minimum order value of $5.

Where else can I buy Frax Protocol?

If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.

Where is the best place to buy Frax Protocol?

The best place to buy Frax Protocol is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.

Should I buy Frax Protocol right now?

You should make a decision on purchasing or investing in Frax Protocol or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.

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Whether you are in Montreal, Calgary, or Vancouver, Bitget is ready to serve you with any kind of cryptocurrency needs. You can buyFrax Protocol(FXS)easily on Bitget, and enjoy full products and services such as crypto deposit, P2P, spot, and futures trading.

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Cryptocurrency investment activities, including buying Frax Protocol on Bitget, are subject to market risk. Bitget offers simple and convenient ways to buy Frax Protocol instantly, and strives to provide transparent information about all cryptocurrencies available on the platform. However, we are not responsible for any outcomes resulting from your Frax Protocol purchase. This page and its content do not constitute an endorsement of any specific cryptocurrency or method of acquisition.