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How to buy Frax Price Index Share token with credit card

Want to buy FPIS, 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 Share

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 Share?

The Frax Price Index (FPI) system is a revolutionary project that is powered by the Frax Price Index Share (FPIS) token. The FPIS token is the governance token of the FPI system and holders of the token are entitled to seigniorage from the protocol. Furthermore, excess yield from the treasury will be directed to FPIS holders, similar to the FXS structure of Frax Finance.

How do I buy Frax Price Index Share in 2024?

You can buy Frax Price Index Share 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 Share is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Frax Price Index Share 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 Share?

Your payment processing is securely handled by our partner Transak, and your purchased Frax Price Index Share 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.