How to Purchase BNB (BNB) using Frax (prev. FXS) (FRAX)

To buy BNB using Frax (prev. FXS), first, find a cryptocurrency exchange that supports the BNB/FRAX trading pair. Create an account, verify your identity, and deposit your FRAX into your exchange wallet. Locate the BNB/FRAX pair on the trading platform and place an order to exchange your Frax (prev. FXS) for BNB. If the BNB/FRAX pair is unavailable, you can first exchange Frax (prev. FXS) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BNB. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.