How to get FXS coin? Understand how to obtain FXS coins in one article

FXS tokens can be obtained through centralized exchanges (Binance, Coinbase), decentralized exchanges (Uniswap, Curve), FRAX lending, staking, and liquidity mining.

Oct 09, 2024 at 04:23 pm

How to Obtain FXS Coins

1. Purchase on Centralized Exchanges

FXS tokens are listed on several centralized cryptocurrency exchanges, including Binance, Coinbase, and Kraken. To purchase FXS on these exchanges:

• Create an account on the exchange.
• Complete KYC (Know-Your-Customer) verification, if required.
• Deposit funds into your account via bank transfer, credit card, or cryptocurrency.
• Navigate to the FXS trading page and place a buy order.

2. Buy from Decentralized Exchanges (DEXs)

FXS tokens can also be traded on DEXs, such as Uniswap and Curve. To purchase FXS using DEXs:

• Connect your MetaMask or other crypto wallet to the DEX.
• Deposit funds into your wallet compatible with the DEX.
• Find the FXS pair and place a buy order.

3. Earn Through FRAX Lending

FRAX, a stablecoin project on which FXS is built, offers a way to earn FXS tokens by lending the FRAX stablecoin. By participating in FRAX lending, you can receive FXS tokens as rewards.

4. Participate in Staking

FXS holders can stake their tokens to earn rewards. Rewards are distributed in the form of FXS tokens. Staking can be done through the official Frax portal or by delegating to a staking pool.

5. Liquidity Mining

FXS tokens can also be earned through liquidity mining on DEXs. By providing liquidity to FXS trading pairs, you can earn a portion of the trading fees. This requires providing both FXS tokens and another cryptocurrency, such as ETH or stablecoins.