Question 1

What is a FXS wallet?

Accepted Answer

A FXS wallet is where you can securely store FXS. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.

Question 2

What is a FXS address?

Accepted Answer

A FXS address is a string of unique characters that is tied to your FXS wallet. The address functions just like a bank account number and it is what you use in order to send FXS from your wallet, or to receive FXS to your wallet.

Question 3

What are the most popular cryptocurrencies besides FXS?

Accepted Answer

Besides FXS, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.

Question 4

What will the price of FXS be in next 5 years?

Accepted Answer

Price predictions for FXS over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.

Question 5

Is trading FXS taxable?

Accepted Answer

Trading FXS may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.

Question 6

When will FXS be available on Rain?

Accepted Answer

We’re always working to expand our listed assets. While we can not provide a specific listing date for FXS just yet, stay tuned for updates by following us on our official social channels like X.