how to buy Paxos Standard coin

How to Buy Paxos Standard Right Now

In this article, we will show you how to buy Paxos Standard easily. By the end of this article you would learn how to buy PAX with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Paxos Standard? Our review
  2. Current prices
  3. Where to buy PAX
  4. How to safely store PAX
  5. Frequently asked questions

Current Paxos Standard Price Stats

PAX Price $0.9996 USD
Price Change24h $-0.0001 USD (-0.01%)
24h Low / 24h High $0.9952 / $1.0060 USD
Trading Volume24h $16,850,806 USD
MarketCap $1,204,937,984 USD

What is Paxos Standard? A Review

Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in PAX to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently

how to buy Paxos Standard

Where and How to Buy Paxos Standard (PAX) Coin

There are 3 steps to purchasing Paxos Standard. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase PAX directly with USD. They are: Bitstamp, Bitfinex, BitTrex, blockchaincom, P2PB2B, .
  2. Move the Bitcoin to an Exchange that supports PAX: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the PAX/BTC trading pairs.
    At the moment, PAX is currently available for purchase with Bitcoin at BitTrex, OKEX, Upbit, .
  3. Buy Paxos Standard on the Exchange: Now, you can buy Paxos Standard with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different PAX pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
Bitstamp PAX/USD $16,131 USD AA
Bitfinex PAX/USD $490,802 USD A
BitTrex PAX/USD $2,509 USD A
blockchaincom PAX/USD $90 USD BB
P2PB2B PAX/USD $35,884 USD D

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
BitTrex PAX/BTC 0.1720 BTC A
Upbit PAX/BTC 0.2183 BTC BB

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade

How to Safely Store Paxos Standard Crypto

Once you buy Paxos Standard, the next question you'd have is "where do I store my Paxos Standards?". It is quiet easy to store your Paxos Standard tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Paxos Standard. If Paxos Standard is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Paxos Standard for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy PAX with Dollars (USD)? You can buy Paxos Standard (PAX) with U.S Dollars on Bitstamp, Bitfinex, BitTrex, blockchaincom, P2PB2B, .
Where can I purchase PAX with my Bitcoin (BTC)? As of today, you can buy Paxos Standard with Bitcoin on any of the following exchanges: BitTrex, OKEX, Upbit, .
I have Ethereum. Where can I buy PAX with ETH? Paxos Standard is available for purchase using ETH on these Crypto exchanges: .
How much is Paxos Standard? Right now, the price of PAX is $0.9996.
Is Paxos Standard Crypto a good Investment in 2021? Do not buy PAX now. Our analysis shows a possible end of year price decline to $1.0031.

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