How to Purchase Frax (prev. FXS) (FRAX) using Spacemesh ($SMH)

To buy Frax (prev. FXS) using Spacemesh, first, find a cryptocurrency exchange that supports the FRAX/$SMH trading pair. Create an account, verify your identity, and deposit your $SMH into your exchange wallet. Locate the FRAX/$SMH pair on the trading platform and place an order to exchange your Spacemesh for Frax (prev. FXS). If the FRAX/$SMH pair is unavailable, you can first exchange Spacemesh 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. 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.