How to buy Staked Frax Ether (SFRXETH) coin
The Sfrxeth coin is not easy to buy, because of the shortage of exchanges that list it. Only 6 trading platforms with eight pairs: SFRXET.../WETH, 0XAE78.../0XAC3E..., 0X7F39.../0XAC3E... and other. Full details see below.
Where to buy Staked Frax Ether
Step 1You need an account with a cryptocurrency exchange that supports Staked Frax Ether crypto. All of them listed on our site. Register it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Balancer (v2) | ?? / ?? | MEDIUM | No | $777 |
Transfer or purchase with peer-to-peer trading one of this coins: WETH, 0X95AB..., 0X6404..., 0XAC3E..., 0XAE78... or other.
Step 3Switch to spot market on cryptocurrency exchange and type the token name in search box. Select from available trading pairs, then set order and push Buy SFRXETH button.
Congratulations!
After pressing buy, the Sfrxeth coin will be available on your account on the crypto exchange. Remember that only moving your coins off crypto exchange into secure wallet such as Trezor One or Ledger Nano, you can improve protection of your finances. Not only does this shorten your risk if your exchange or account gets cracked, but if you move to a “cold,” or offline, wallet, your Sfrxeth token turn into almost unbreakable. Only flaw is, usually have to pay a small withdrawal fee to move your crypto from the crypto exchange.
What is Staked Frax Ether
Staked Frax Ether is the vault token that accrues all proof of stake rewards of ETH validators run by Frax Finance protocol. sfrxETH is ERC4626 compliant and a non-rebasing, interest bearing token.
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Statistics and Externals
Concepts of hash algorithms doesn't apply in case of Staked Frax Ether cryptocurrency.
Price and supply
The current total supply is 150.4 thousands, with a circulating supply of 0 SFRXETH as of Nov 2024. The Staked Frax Ether max amount of coins that will ever exist is 108385.
The Staked Frax Ether coin price is $2970.4607 as of 09:48 PM. The price went up on 1.1145% over the past 24 hours. The recent price action left the token's market capitalization at 513.5 millions USD. Over past 30 days, the Staked Frax Ether token was raised on 1.1%.
FAQ
What crypto exchange can I buy Staked Frax Ether crypto?
Sfrxeth can be purchased from 6 trading platforms. And these are some of them: Curve (Ethereum), Ramses, Balancer V2, Velodrome Finance v2 and Wombat (Arbitrum).
Is Sfrxeth token a good investment?
The Sfrxeth token is very risky asset that has strong probability to fall. Due to the high volatility of all crypto industry you need to always remember: unexpected changes in market can lead to sharp and sudden moves in price, you can lose all of your invested funds and learn the risks before you start trading. But on the other hand of that investing in cryptocurrencies is possible extremely profitable.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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