Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Frax Price Index Share (FPIS) on LBank
Learn how to buy Frax Price Index Share (FPIS) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy FPIS on LBank
How to Buy FPIS on LBank: Payment Methods Overview
Explore the available payment methods for buying FPIS on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy FPIS.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Frax Price Index Share (FPIS) on LBank?
Check the preparations required before buying Frax Price Index Share (FPIS) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy FPIS with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Frax Price Index Share on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Frax Price Index Share. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Frax Price Index Share on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Frax Price Index Share.
LBank supports multiple payment methods
You can use the following payment methods to purchase Frax Price Index Share on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Frax Price Index Share you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
LO Loyalty_Trader 317 min | 100% | 0.954 USD | 2231.24 USDT 500.000 - 2128.602USD | Bank Transfer | |
YY YYDS_Trader 702 min | 100% | 0.954 USD | 4284.44 USDT 500.000 - 4000.000USD | Bank Transfer | |
AM AMG_Trading 661 min | 100% | 0.954 USD | 8790.36 USDT 200.000 - 8386.003USD | Bank Transfer |
What is Frax Price Index Share (FPIS)?
Frax Price Index Share, known as FPIS, is a governance and utility token within the Frax Finance ecosystem. It specifically serves as the governance token for the Frax Price Index, which is a stablecoin designed to track a basket of consumer goods rather than a single fiat currency. The goal of this system is to provide a medium of exchange that maintains its purchasing power relative to inflation, specifically following the United States Consumer Price Index. As a governance token, FPIS allows its holders to participate in decision-making processes for the protocol. This includes voting on various parameters and managing the mechanisms that keep the stablecoin pegged to its target inflation-adjusted value. Holders can lock their tokens to receive a voting-escrowed version of the token, which grants enhanced voting power and protocol rewards. This locking mechanism is designed to align the long-term interests of participants with the stability and growth of the index-linked economy. The token is fundamentally linked to the performance of the protocol treasury. When the system generates excess yield beyond what is needed to maintain the inflation peg, that surplus can be directed to token holders through a seigniorage mechanism. If the treasury yield is not sufficient to keep up with the inflation rate, the protocol can mint new tokens to bolster its reserves and ensure the stablecoin remains backed. This creates a flexible system where the token acts as a buffer and governance tool to ensure the stability of the consumer-price-linked asset. The project is integrated with the broader Frax Finance infrastructure. While it functions as a specialized token for the price index system, it is programmatically connected to the main ecosystem governance token. According to the project's roadmap, there is a plan to eventually consolidate the governance structure. This involves phasing out the token in the future, at which point holders will be eligible to convert their holdings into other assets within the ecosystem. This transition is intended to simplify the protocol and focus resources on the core stability and governance framework of the entire network. Learn more
Is Frax Price Index Share (FPIS) a good investment?
Whether Frax Price Index Share (FPIS) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Frax Price Index Share (FPIS) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying FPIS on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
FPISDate
2026-06-05
You will earn $-- in profit, with an ROI of --
What can you do with Frax Price Index Share (FPIS)?
Investment
Buy and hold Frax Price Index Share (FPIS), expecting its value to increase over time.
Trade
Actively trade Frax Price Index Share (FPIS) on LBank to profit from price fluctuations.
Pay
Use Frax Price Index Share (FPIS) to pay for goods and services where accepted.
Why is LBank the best platform to buy Frax Price Index Share (FPIS)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Frax Price Index Share (FPIS).
Competitive fees
LBank provides competitive trading fees for Frax Price Index Share (FPIS).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Frax Price Index Share (FPIS).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Frax Price Index Share (FPIS) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Frax Price Index Share (FPIS) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying FPIS, what is the best way to store it?
After buying FPIS, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Frax Price Index Share (FPIS) FAQ
FPIS is the governance and value-accrual token specifically designed for the Frax Price Index (FPI). While the FPI stablecoin is pegged to the U.S. Consumer Price Index to track inflation, FPIS allows holders to manage the protocol's growth and seigniorage. Holders can vote on parameters such as the Frax Collateral Ratio and treasury allocations. Additionally, it enables holders to capture excess yield generated by the FPI treasury—specifically profits that exceed the inflation rate. By locking FPIS into veFPIS, users gain increased voting power and a share of protocol rewards.
Yes, FPIS is being retired as part of the Frax Singularity Roadmap. The community voted to unify the entire ecosystem under a single governance token, FXS. This strategic merger aims to eliminate fragmented governance across different protocol products. By consolidating into a single value-accrual token, the core team can focus development and governance efforts on a unified DeFi stack that includes stablecoins, lending platforms, and the Fraxtal Layer 2 network.
The official retirement of FPIS and the final conversion date is scheduled for March 22, 2028. On this date, FPIS will cease to exist as an independent entity. Following this milestone, the token will become fully convertible into core Frax assets. This multi-year transition period allows the ecosystem to gradually migrate liquidity and governance functions while ensuring all holders have a clear path toward the unified FXS governance model.
For the final conversion in 2028, the fixed ratio is 2.5 FPIS for every 1 FXS (or FRAX, depending on the state of the treasury at that time). For users participating in external yield-optimizing platforms, migration paths have already begun. For example, certain staking derivatives have offered migrations at a 3:1 ratio. These fixed ratios provide a predictable path for holders to transition their governance power and value into the main ecosystem token.
The FPIS Locker is a specialized tool on Fraxtal, Frax’s Layer 2 solution, designed for early migration. It allows users to lock their FPIS tokens ahead of the 2028 deadline to gain immediate utility. By using the locker, holders receive veFXS voting power before the final conversion. The amount of voting power granted is dynamic, ranging from 0.33x to 1.33x veFXS, based on the duration of the lock chosen by the user.
No, the FPI stablecoin will continue to function as intended. The retirement only applies to the FPIS governance token. FPI will remain an inflation-pegged asset within the ecosystem. Once the FPIS token is fully phased out, the governance responsibilities and oversight of the FPI stablecoin will transition entirely to the FXS holders. This ensures the stablecoin remains operational while simplifying the underlying governance structure.
