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
Buy PAX Gold in India with Bitget!
Simple 3-step guide to buying PAXG today in India
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" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect 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 websiteFor 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 UPI for INR payments. Services are provided by NeoFi payment gateway. 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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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 On-going challenges and promotions
Buy PAX Gold
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Buy PAX Gold in a different country
India, also known as the Republic of India, is a country in South Asia. With a population of 1,375,586,000, India currently is the 7th largest country in the world, and home to 18 percent of the world’s population. The currency of India is the Indian rupee (INR).
Surrounded by sea on three sides, India is a large and sprawling country with many rich local dialects and customs, from the green fields of South India to the deserts of the Northern regions. India has 22 official languages, but the most well-known languages are Hindu and English. India is famous for its ancient history, majestic landscapes, and diverse culture.
India has transformed to become a rapidly rising major economy, a hub for information technology services, with a burgeoning middle class and young population. Indian spiritual beliefs, music, movie, and cuisine are becoming more prevalent in world culture. India's rich legacy is attested to by the abundance of historic landmarks in the country. In terms of the number of World Heritage Sites, India ranks in the top 10 nations in the world. Among the most revered structures are the magnificent Taj Mahal, Qutub Minar, the Sun Temple at Konark, and the Hawa Mahal in Jaipur.
Whether you are in metropolitan areas like Mumbai, Delhi, Bangalore, or elsewhere in India, Bitget is here to serve you with your cryptocurrency needs.
It only takes a few minutes to buy PAX Gold PAXG in India on Bitget using Indian Rupees (INR). We offer many options with low fees and high security such as Crypto Deposit, P2P Trading, and Third-Party Payment.