How to Buy Frax (prev. FXS) (FRAX) with michi ($MICHI)
To purchase Frax (prev. FXS) using michi, firstly, look for a cryptocurrency exchange that supports the FRAX/$MICHI trading pair. Make an account, verify your identity, and deposit your $MICHI into your exchange wallet. Find the FRAX/$MICHI pair on the trading platform and place an order to exchange your michi for Frax (prev. FXS). If the FRAX/$MICHI pair is not available, you can initially exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Frax (prev. FXS). Keep in mind potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Frax (prev. FXS) (FRAX) for michi ($MICHI)
To sell Frax (prev. FXS) for michi, firstly, find a cryptocurrency exchange that supports the FRAX/$MICHI trading pair. Create an account, verify your identity, and deposit your FRAX into your exchange wallet. Locate the FRAX/$MICHI pair on the trading platform and place a sell order to exchange your Frax (prev. FXS) for michi. If the FRAX/$MICHI pair is not available, you can first sell Frax (prev. FXS) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for michi. Be mindful of potential exchange fees, which differ by platform and can affect the total amount you receive.