How to Buy Frax (prev. FXS) (FRAX) with Sponge ($SPONGE)
To buy Frax (prev. FXS) using Sponge, first, find a cryptocurrency exchange that supports the FRAX/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the FRAX/$SPONGE pair on the trading platform and place an order to exchange your Sponge for Frax (prev. FXS). If the FRAX/$SPONGE pair is unavailable, you can first exchange Sponge for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Frax (prev. FXS). Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Frax (prev. FXS) (FRAX) for Sponge ($SPONGE)
To sell Frax (prev. FXS) for Sponge, first, find a cryptocurrency exchange that supports the FRAX/$SPONGE trading pair. Create an account, verify your identity, and deposit your FRAX into your exchange wallet. Locate the FRAX/$SPONGE pair on the trading platform and place a sell order to exchange your Frax (prev. FXS) for Sponge. If the FRAX/$SPONGE pair is unavailable, you can first sell Frax (prev. FXS) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.