How to Purchase Frax (prev. FXS) (FRAX) using United States Dollar (USD)

To buy Frax (prev. FXS) using United States Dollar, first, find a cryptocurrency exchange that supports the FRAX/USD trading pair, such as Nexo, Kraken, Uphold or Crypto.com. Create an account, verify your identity, and deposit your USD into your exchange wallet. Locate the FRAX/USD pair on the trading platform and place an order to exchange your United States Dollar for Frax (prev. FXS). If the FRAX/USD pair is unavailable, you can first exchange United States Dollar 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.