PAX Gold (PAXG)

paxg
$3,047.69
0.00%

Global Rank

#173

Market Cap

$407M

24hr Volume

$9.6M

24hr Change

0.00%

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PAX Gold

What is PAX Gold (PAXG)?

Pax Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by ONE fine ounce of gold kept in Brinks’ vaults managed by Paxos. Pax Gold allows for exposure to Gold markets without using an ETF, future’s contract, or other derivative product. Pax Gold was initially issued in September 2019 and has seen significant growth in the market capitalization and volume as gold prices have fluctuated significantly in 2020. On November 5, 2020, Paxos Chief Executive Officer and co-founder, Charles Cascarilla, participated in a webinar hosted by the London Bullion Market Association of Digital Gold and stated once stated, “In a digital and global financial system, owning physical gold is cumbersome, outdated investment; it’s not easy to trade, divide, move or leverage against other Investments.” This speech is indicative of the future that Cascarilla sees for Pax.

How to Buy PAX Gold in New Zealand

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy PAXG

Frequently Asked Questions

Where is the best place to buy PAX Gold?

The best place to buy PAX Gold is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy PAX Gold?

Yes, Swyftx is a safe and secure platform to buy and sell PAX Gold (PAXG). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of PAXG determined?

The price of PAXG is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy PAX Gold with credit card?

Swyftx does not allow you to directly buy PAX Gold with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy PAXG instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.