How to buy Frax Price Index token with credit card
Want to buy FPI, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy Frax Price Index
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is Frax Price Index?
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The Frax Price Index (FPI) is a protocol within the Frax ecosystem that provides holders with a dollar-denominated value that increases each month. This is achieved through an on-chain Consumer Price Index oracle that adjusts the FPI every month according to the reported CPI increase. By holding FPI, users can benefit from the appreciation of their holdings over time.
How do I buy Frax Price Index in 2024?
You can buy Frax Price Index using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Frax Price Index is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Frax Price Index for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy Frax Price Index?
Your payment processing is securely handled by our partner Transak, and your purchased Frax Price Index tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.
