Convert Bitcoin to Legacy Frax Dollar (BTC → FRAX)

Swap BTC on Bitcoin to FRAX on NEAR — no bridges, no delays. Powered by NEAR Intents.

Swap BTC to FRAX

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BTC to FRAX rate today

1 BTC ≈ 86,474 FRAX and 1 FRAX ≈ 0.00001156 BTC, based on market prices at 2026-09-22 09:42 UTC. The quote in the widget above is what you actually receive, fees included.

TokenPrice24h
Bitcoin (BTC)$85,975+1.62%
Legacy Frax Dollar (FRAX)$0.9942+0.17%

How to convert Bitcoin to Legacy Frax Dollar

Converting BTC to FRAX on NEAR Mobile Swap is done in three simple steps through the NEAR Intents protocol: Deposit, Swap, and Withdraw.

Step 1 — Deposit BTC from Bitcoin
Go to the Deposit tab and select Bitcoin (BTC) on Bitcoin. The widget will generate a deposit address (or QR code) — send your BTC there from any wallet. Once the deposit is confirmed on Bitcoin, your BTC balance appears inside NEAR Intents.

Step 2 — Swap BTC to FRAX on NEAR Intents
Switch to the Swap tab, pick BTC as the source and FRAX as the target. Enter the amount and confirm — solvers compete to fill your order and the swap settles in seconds.

Step 3 — Withdraw FRAX to NEAR
Finally, go to the Withdraw tab. Select Legacy Frax Dollar (FRAX) from your NEAR Intents balance and choose NEAR as the destination. Enter an address from a NEAR wallet such as NEAR Mobile or Meteor and confirm.

⚠ Important: When entering a withdrawal address, make sure it is a personal wallet you control. Some centralized exchanges do not support receiving funds from smart-contract-based deposits — sending to an exchange address may result in lost funds.

About the BTC → FRAX swap

This is a cross-chain swap: your BTC leaves Bitcoin and FRAX arrives on NEAR. Normally that takes a bridge plus a DEX, or a centralized exchange account. With NEAR Intents the deposit, swap and withdrawal happen in one flow, and what lands in your wallet is FRAX on NEAR, not a wrapped copy you have to bridge again.

Swapping BTC to FRAX converts a volatile asset into a dollar-pegged stablecoin — a common way to lock in a price or step out of market swings without off-ramping to a bank account.

About Bitcoin and Legacy Frax Dollar

What is Bitcoin (BTC)?

Bitcoin is the first decentralized cryptocurrency, described in a 2008 white paper by the pseudonymous Satoshi Nakamoto and brought to life when its network went live in January 2009. BTC is the native unit of that network and moves directly between users without a bank or payment processor in the middle.

Type
Layer-1 blockchain
Launched
2009
Consensus
Proof of Work (SHA-256)
Max supply
21 million BTC
Swap network
Bitcoin
Sector (Messari)
Cryptocurrency
Bitcoin official site ↗Sector classification by Messari ↗

How Bitcoin works

Miners compete to add blocks by running SHA-256 hashing hardware in a Proof of Work process, and the chain with the most accumulated work is treated as valid. Every full node independently checks each transaction against the rules, so the ledger's history becomes harder to alter with every block stacked on top.

What BTC is used for

Most holders treat BTC as a long-term store of value and a hedge outside the traditional financial system. It is also used for cross-border transfers, as collateral in lending markets, and as a base trading pair across the crypto industry.

BTC supply

The protocol limits total issuance to 21 million BTC. New coins enter circulation only as block rewards, and that reward is cut in half roughly every four years in an event known as the halving.

Before you swap BTC

Bitcoin blocks arrive about every ten minutes on average, so a BTC deposit can take noticeably longer to confirm than deposits on faster chains. Double-check the receiving address format before withdrawing, since Bitcoin transactions cannot be reversed.

What is Legacy Frax Dollar (FRAX)?

FRAX is the first stablecoin issued by Frax Finance, the protocol founded by Sam Kazemian, and it went live on Ethereum in December 2020. After Frax's North Star upgrade in April 2025 the token was relabelled Legacy Frax Dollar, while the newer frxUSD became the protocol's main stablecoin and the FRAX ticker for governance passed to the former FXS token.

Type
USD stablecoin (legacy Frax)
Launched
2020
Consensus
Issued on Ethereum; bridged to NEAR
Max supply
No fixed cap
Swap network
NEAR
Legacy Frax Dollar official site ↗

How Legacy Frax Dollar works

The coin launched with a fractional-algorithmic design, backed partly by collateral and partly by the protocol's own share token, and Frax governance later moved it to full collateralization. The version listed here is the Ethereum ERC-20 locked in NEAR's Rainbow Bridge and minted as a NEP-141 token under factory.bridge.near.

What FRAX is used for

Holders use it as a dollar-denominated unit in DeFi pools and lending markets where FRAX liquidity still exists. On NEAR it mainly serves as a bridged stable asset for moving value to and from Ethereum-based Frax positions.

FRAX supply

There is no fixed cap: FRAX is minted when collateral enters the protocol and burned on redemption, so supply follows demand for the dollar token.

Before you swap FRAX

This is the USD-pegged legacy stablecoin, not the new FRAX governance token (ex-FXS) and not frxUSD, so check what you are receiving. It moves on NEAR here, and a small NEAR balance covers later transactions.

Looking for the reverse?Convert FRAX to BTC →
More swaps:All BTC pairs →All FRAX pairs →

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BTC to FRAX: frequently asked questions

What to know before swapping Bitcoin for Legacy Frax Dollar

Deposit BTC from Bitcoin into NEAR Intents, swap it for FRAX, then withdraw FRAX to your wallet on NEAR. The widget on this page walks you through all three steps and shows the exact amount you will receive before you confirm.