how to buy PAX Gold coin

How to Buy PAX Gold Right Now

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

Table of Contents:

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

Current PAX Gold Price Stats

PAXG Price $1743.1200 USD
Price Change24h $-16.8100 USD (-0.96%)
24h Low / 24h High $1720.6300 / $1762.3600 USD
Trading Volume24h $248 USD
MarketCap $146,684,336 USD

What is PAX Gold? A Review

PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.

how to buy PAX Gold

Where and How to Buy PAX Gold (PAXG) Coin

There are 3 steps to purchasing PAX Gold. 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 PAXG directly with USD. They are: Gemini, Kraken, itBit, ftx, binanceusa, .
  2. Move the Bitcoin to an Exchange that supports PAXG: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the PAXG/BTC trading pairs.
    At the moment, PAXG is currently available for purchase with Bitcoin at Kraken, Kraken, Binance, HitBTC, Braziliex, .
  3. Buy PAX Gold on the Exchange: Now, you can buy PAX Gold with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different PAXG pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
Gemini PAXG/USD $177,521 USD AA
Kraken PAXG/USD $180,377 USD AA
itBit PAXG/USD $44,229 USD AA
ftx PAXG/USD $10,012 USD A
binanceusa PAXG/USD $48,943 USD BB

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken PAXG/BTC 2.7493 BTC AA
Binance PAXG/BTC 21.0037 BTC A
Braziliex PAXG/BTC 0.0002 BTC C

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken PAXG/ETH 22.3225 ETH AA

How to Safely Store PAX Gold Crypto

Once you buy PAX Gold, the next question you'd have is "where do I store my PAX Golds?". It is quiet easy to store your PAX Gold 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 PAX Gold. If PAX Gold 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 PAX Gold 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 PAXG with Dollars (USD)? You can buy PAX Gold (PAXG) with U.S Dollars on Gemini, Kraken, itBit, ftx, binanceusa, .
Where can I purchase PAXG with my Bitcoin (BTC)? As of today, you can buy PAX Gold with Bitcoin on any of the following exchanges: Kraken, Binance, HitBTC, Braziliex, .
I have Ethereum. Where can I buy PAXG with ETH? PAX Gold is available for purchase using ETH on these Crypto exchanges: Kraken, .
How much is PAX Gold? Right now, the price of PAXG is $1743.1200.
Is PAX Gold Crypto a good Investment in 2021? Our analysis shows a possible all time high of $2007.9155. So yes. PAXG is a good investment.

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