Exchange PAX Gold (PAXG) at the Best Rates

PAX Gold (PAXG)ETH

Instantly exchange PAX Gold at the best price and with the lowest fees on StealthEX. Free from registration, fast, and limitless PAXG swaps. You can see for yourself how convenient it is.

PAX Gold (PAXG) Price Statistics

  • price
    price

    Price (USD)

    $2,388.14
  • supply
    supply

    Circulating Supply

    $186.669K
  • volume
    volume

    Volume (24h)

    $12.1223M
  • marketcap
    marketcap

    Market Cap

    $445.7923M
  • dry
    dry

    Low/High 24h

    $2,385.64 - $2,418.96
  • change
    change

    Change (24h)

    -$8.53086238

Pax Gold: A Digital Token Backed by Actual Gold

It’s astounding how many varieties of cryptocurrencies have been created. Some of them are actually backed up by physical assets in the real world, One of these cryptos is Pax Gold. Let’s take a closer look at this crypto project and why it can be a lucrative investment opportunity.

What Is Pax Gold? The Real Digital Gold

Paxos Standard developed the stablecoin known as Pax Gold. Is its native token PAXG backed by gold? Yes, it is. One excellent troy ounce of a 400 oz London Good Delivery gold bar, which is kept in Brink's vaults, serves as the collateral for each PAXG token. In addition to owning the underlying gold, PAXG holders also have easy access to the corresponding amount of real gold. Owning digital gold offers the benefits of cryptocurrency ownership, such as fungibility and tradeability, without the disadvantages of physical asset ownership (such as high storage costs and restricted portability). For instance, unlike conventional gold exchanges, PAXG enables users to purchase and sell fractional or minuscule amounts of gold.

In simple terms, for each PAXG token issued, there is a corresponding reserve of an asset deposited in a bank. According to Paxos, the company that issues the PAXG, its stablecoin is fully backed by physical gold, which is stored in high-security vaults and attested by auditing firms.

$PAXG is a token that follows the ERC-20 standard of the Ethereum network. Therefore, it is compatible with all wallets that support this type of asset on their platforms. For this reason, it is also possible to convert PAXG into ETH or any other crypto asset that follows the standard used in the Ethereum network in protocols that allow for this type of conversion. The token is also listed on a number of DeFi platforms as a collateral option. PAX Gold provides a great added value that tackles actual gold market challenges. 

Platforms built on the Ethereum blockchain can use PAXG as a payment token. Since many cryptocurrency projects and services are hosted on the Ethereum network, using PAXG in this environment is simpler. Additionally, PAXG can be exchanged for physical gold, fiat currency, or other crypto assets via the Paxos network. PAX Gold provides a great added value that tackles actual gold market challenges. PAXG not only offers users an easy-to-use and flexible buying, selling, and ownership option; it also guarantees the purity of the gold by distributing tokens unique to personal identification numbers out of every gold bar, and as a synthetic asset, it allows you to own gold in tokenized form.

Pax Gold: Who Stands Behind the Company?

The Paxos Trust Company, a financial institution and tech company based in New York City that specializes in blockchain technology, created PAX Gold. Charles Cascarilla and Richard Teo, both former analysts at different firms (Cascarilla at Goldman Sachs and Teo at Cedar Hill Capital Partners), founded Paxos in 2012. 

Paxos has worked on other cryptocurrency projects in addition to PAX Gold. In addition to PAX Gold, they also developed PAX Dollar (USDP), a stablecoin and digital version of the US dollar. They have strong institutional backing and have secured over $500 million from funders like PayPal Ventures, OakHC/FT, and Mithril Partners. Paxos implemented strong risk management practices in order to maintain the token’s peg to actual gold.

Pax Gold Features

Pax Gold project offers the following features:

  • Cost-efficient: With a low minimum purchase amount and no storage costs, Paxos offers PAXG at a cheaper cost structure than other gold tokens, gold ETFs, and LBMA 400 t oz bars.
  • Low minimum investment: The lowest investment can start with only 0.01 PAXG.
  • Regulated and safe: The allotted gold used to support PAXG is stored in LBMA vaults and is subject to a monthly audit. The New York State Department of Financial Services regulates Paxos as a trust business and custodian.
  • Highly accessible: PAX Gold can easily be moved or traded anywhere in the world, at any time. With low investment minimums, anyone can own a fraction of an LBMA-accredited London Good Delivery gold bar.
  • No chance of settlement: With near-instantaneous settlement in addition to T+2 (as opposed to merely T+2 for Gold ETFs and LBMA bars), purchasing PAXG is free from settlement and credit risk.
  • Redeemable: The only gold token that may be exchanged for Good Delivery gold bullion bars that are accredited by the LBMA is Redeemable PAXG. Customers from institutions can also exchange for unallocated Loco London Gold. Redeem anytime for USD at the gold market's current price.
  • Identifiable: 1 PAX Gold token represents 1 fine troy ounce of an individual gold bar. Matching serial numbers found on both the digital token and gold bar make each token’s asset backed nature verifiable.

What’s the Difference Between PAXG and Gold ETFs?

Exchange-traded funds (ETFs) for gold follow the price of the underlying metal. Only the price of gold is exposed to investors; ownership of the metal is not. A party to a contract representing the right to a certain share of the pooled gold is an investor who owns shares of a gold ETF. ETFs for gold cannot replace complete ownership of the metal. For instance, during periods of uncertainty and crisis, the contract value may be less at settlement than the actual worth of the gold it represents.

PAXG, in contrast, is a digital representation of gold. Each PAXG token stands in for one fine troy ounce of gold that is stored in safe, serial-numbered vaults in London. exchanging PAXG doesn't require days to settle like exchanging actual gold bars might. Since PAXG is an ERC-20 token on Ethereum, it can be traded and settled almost instantly.

Is Pax Gold Safe? 

PAX Gold is not only accredited with a gold standard, but it also functions dependably and transparently. Both PAX Gold and its holding company, Paxos Trust, are under the legal jurisdiction of the New York Department of Financial Services (NYDFS). Furthermore, PAX Gold protects the consumer and the company’s assets independently, ensuring that the consumer is secure in the event of bankruptcy.

The PAXG tokens have serial numbers that match those of individual gold bars. The serial number, value and other characteristics of a holder’s physical gold may be discovered by inputting an individual’s Ethereum wallet address on the PAXG lookup tool. They also have the option to convert their PAXG into fiat money, another cryptocurrency or allocated and unallocated gold bullion bars at the current market price of gold.

PAX Gold price prediction forecasts are mixed. PAXG is pegged to the price of gold, a commodity that fluctuates in value in response to geopolitical developments. Some forecasters believe that gold could reduce in value in the years ahead, while others are more bullish.

How to Buy PAXG Coin?

StealthEX is here to help you buy Pax Gold coin. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1000 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

  1. Choose the pair and the amount you want to exchange. For instance, BTC to PAXG.
  2. Press the “Start exchange” button.
  3. Provide the recipient address to transfer your crypto to.
  4. Process the transaction.
  5. Receive your crypto coins. 

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PAX Gold Price Chart


PAX Gold (PAXG)


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