Pax Gold (PAXG)
Loading...
Loading...

About PAXG
Pax Gold (PAXG) is a gold-backed cryptocurrency that represents a physical gold bar stored in a secure vault. Each PAXG token is backed by one fine troy ounce of gold, making it a digital representation of physical gold. Launched by Paxos, a New York-based company, PAXG is designed to provide a secure, liquid, and easily transferable way to own gold. As a regulated cryptocurrency, PAXG is subject to regular audits and examinations by the New York State Department of Financial Services (NYDFS), ensuring the stability and security of the Pax Gold ecosystem. With its gold-backed nature, PAXG offers a low-cost alternative to traditional gold investment methods, making it an attractive option for investors who want to diversify their portfolios. PAXG is traded on major cryptocurrency exchanges and can be easily stored in a digital wallet, providing users with a convenient way to buy, sell, and trade gold.
Convert Fiat to Pax Gold
News
Binance Sets New Crypto Transfer Requirements for South African Users
Binance tightens crypto transfer rules in South Africa, enforcing user identity checks and compliance prompts starting this month. New Binance Regulations Demand Sender and Receiver Info for South African Crypto Transfers Crypto exchange Binance announced on April 22 that it…

US Lawmakers Rally Behind New SEC Chair to Advance Crypto Regulation and Boost Market Growth
U.S. lawmakers are rallying behind new SEC leadership, fueling explosive optimism for a regulatory overhaul that unleashes digital assets, drives innovation, and supercharges markets. New SEC Chair Paul Atkins Sparks High Hopes for Digital Asset Revolution U.S. lawmakers are eager…

Over 15 Crypto Firms Seek Bank Licenses Amid Regulatory Softening
More than 15 crypto firms are storming the gates for banking licenses as U.S. regulators ease restrictions, opening direct access to federal payment systems and legitimacy. Banking Regulators Ease Rules, Trigger Rush From 15+ Crypto Firms More than a dozen…

What’s Behind Bitcoin's Breakout: Strategist Sees $200K BTC as Realistic
A top strategist signals a paradigm shift as bitcoin rockets past $94K, fueled by institutional flows and macro tailwinds, with $200K now a credible near-term target. Strategist Dissects What's Behind Bitcoin’s Rally—Calls $200K BTC a Real Target in New Regime…

New SEC Chair to Speak at Crypto Roundtable as Policy Pivot Looms Large
The newly sworn-in SEC chair is set to make his highly anticipated debut with a speech that could ignite sweeping reforms and redefine the future of crypto regulation. Paul Atkins’ First Speech as SEC Chair to Set Stage for Oversight…

Frequently Asked Questions about Pax Gold
What is Pax Gold (PAXG)?
Pax Gold (PAXG) is a gold-backed cryptocurrency that represents a physical gold bar stored in a secure vault. Each PAXG token is backed by one fine troy ounce of gold stored in LBMA vaults in London, making it a digital representation of physical gold. PAXG is designed to provide a secure, liquid, and easily transferable way to own gold.
How is Pax Gold backed by physical gold?
Pax Gold is backed by physical gold stored in a secure vault. Owning PAXG is equivalent to owning the underlying physical gold, held in custody by Paxos Trust Company, a licensed trust company, and is regularly audited to ensure that the gold reserves match the number of PAXG tokens in circulation. This ensures that each PAXG token is fully backed by physical gold.
What are the benefits of using Pax Gold?
Pax Gold offers users a secure, liquid, and easily transferable way to own gold. It provides a low-cost alternative to traditional gold investment methods, such as buying physical gold bars or investing in gold ETFs. Additionally, PAXG can be easily stored in a digital wallet, making it a convenient option for investors who want to diversify their portfolios.
Where can I buy and trade Pax Gold?
You can buy, sell, and trade Pax Gold on major cryptocurrency exchanges, such as Binance and Kraken.
Can I redeem my Pax Gold for physical gold?
PAXG is the only gold token holders can redeem for LBMA-accredited Good Delivery gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. This provides users with a convenient way to convert their digital gold holdings to physical gold.
Is Pax Gold regulated?
Yes. Paxos, the company behind PAXG, is a licensed trust company and is subject to regular audits and examinations by the New York State Department of Financial Services (NYDFS). This regulatory oversight helps to ensure the stability and security of the Pax Gold ecosystem.
How is Pax Gold different from other gold-backed cryptocurrencies?
Pax Gold is different from other gold-backed cryptocurrencies in that it is regulated by the NYDFS and is backed by physical gold stored in a secure vault. This provides an additional layer of security and stability to the Pax Gold ecosystem, making it a more attractive option for users who value regulatory oversight and transparency. Additionally, PAXG is the only gold token holders can redeem for LBMA-accredited Good Delivery gold bullion bars.