What Is PAX Gold (PAXG)?
PAX Gold is a token issued by Paxos as the ownership certificate of one fine troy ounce (t oz) of a London Good Delivery (LGD) gold bar. As LGD bars usually have variable weights, Paxos specifically states that their gold holdings are selected with care so that each bar weighs 400 oz.
How PAX Gold (PAXG) Works
PAXG can be considered a stablecoin, whose value is pegged to the physical asset of gold rather than fiat currencies. Therefore it is Paxos’ responsibility to make sure that the supply of PAXG equals the amount of gold in custody. However, PAXG is ‘highly accessible’, highly divisible and much more liquid than an actual gold bar. Institutional owners can also exchange PAXG for the US-Dollar at current gold prices.
How Many PAX Gold (PAXG) Tokens Are In Circulation?
PAXG has a current circulating supply of 304,603 tokens (as of October 13, 2022) according to data by Messari. This number represents the number of PAXG tokens ready to be exchanged immediately, that is, there can be other PAXG held by investors as well. PAXG has no hard cap because new tokens can be minted as long as Paxos accumulates enough physical LGD bars to back the new ones.
How to Buy PAX Gold (PAXG)
Consider investing in PAX Gold (PAXG)? It only takes 2 minutes to create an account on Bitget and start trading PAXG.
Check out the available PAXG trading pairs on Bitget!
Spot market
PAXG on Bitget MegaSwap (ERC-20 BEP-20)
Related Pages
Simple 3-step guide to buying PAXG today in Brazil
Create your free Bitget account
Select a funding method
Complete your PAX Gold purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for PAX Gold using a payment method of your choice:
Buy PAX Gold with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your PAX Gold order.How to buy crypto with credit/debit cardBuy PAX Gold with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into PAX Gold is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your PAX Gold order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy PAX Gold via bank transfer: We accept PIX for BRL payments. Services are provided by AlchemyPay and Banxa payment gateways. Click Buy Crypto > [Third Party] in the top navigation bar to place your PAX Gold order.Buy PAX Gold with the fiat balance in your Bitget account
You can Deposit fiat funds using the PIX payment gateway to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your PAX Gold order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor PAX Gold in your Bitget spot wallet

Bitget—where the world trades PAX Gold
How to buy PAX Gold for free
- Learn how to earn PAX Gold for free through the Learn2Earn promotion
- Earn free PAX Gold by inviting friends to join Bitget's Assist2Earn promotion
- Receive free PAX Gold airdrops by joining ongoing challenges and promotions

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FAQ
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Portuguese is the national language of Brazil. And both the website and application of Bitget are supporting Portuguese. The currency of Brazil is the Real (BRL). It does only take a few minutes to buy cryptocurrencies on Bitget by BRL, including Crypto Trade, P2P Trading, and Third-Party Payments (using your own bank transfer, credit card, Apple Pay or Google Pay). Moreover, Bitget has also included Pix transfer, which is the system created by the Brazilian Central Bank that provided instant fiat payments to users. This offers users to buy crypto in fiat with the most secured system within seconds.
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