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)
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Simple 3-step guide to buying PAXG today in US Virgin Islands
Create your free Bitget account
Provide your email address and place of residence.
Select a funding method
Fund your account using your preferred payment method.
Complete your PAX Gold purchase
Buy PAX Gold with as little as $5.
Step 1: Create a free account on the Bitget website or the app
Sign up or download the Bitget app to start your journey on Bitget.
Please verify your identity to ensure full compliance and enhance your Bitget experience.
You can access the identity verification page, select your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.
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
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency 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
If you've chosen to purchase PAX Gold on Bitget, your PAX Gold will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.
Check your assets
Bitget—where the world trades PAX Gold
Fast and efficient
Our advanced matching engine ensures a lightning-fast, smooth trading experience, making Bitget the go-to platform for speed and reliability.
Top-tier security
With proof of reserves, a dedicated protection fund, and third-party custody mechanisms, Bitget prioritizes the safety of your assets, earning the trust of millions globally.
Ultimate trading experience
Trade cryptocurrencies seamlessly with Bitget's deep liquidity, empowering you to make confident, stress-free transactions every time.
24/7 support
Bitget's dedicated customer service team is available 24/7 to provide fast, professional assistance, ensuring an exceptional user experience.
How to buy PAX Gold for free
Using real money to buy PAX Gold is not the only way to obtainPAX Gold. If you have the time to allocate, you can get 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
All crypto airdrops and rewards can be converted to PAX Gold through Bitget Convert, Bitget Swap, or Spot Trading.
Note: Want to keep tabs on coin prices? Visit our
Coin prices directory
or
PAX Gold Price Page
and bookmark them to stay updated!
Buy PAX Gold
$3,329
+12.00
0.00%24HThe live PAX Gold price today is $3,329 USD with a 24-hour trading volume of $102235.73 USD. We update our PAXG to USD price in realtime. PAXG is 0.00% in the last 24 hours.
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Buy PAX Gold in a different country
You can easily buy PAX Gold (PAX Gold) with the lowest fees and highest security wherever Bitget is available. Simply select your country in the search box below to start buying PAX Gold in your preferred location:
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FAQ
Can I buy US$1 worth of PAX Gold?
In theory, PAX Gold can be divided and bought in an amount that is worth US$1, but on Bitget, the minimum order amount on the spot market is limited to US$5.
Can I buy US$10 of PAX Gold?
Yes, can be divided and bought in an amount that is worth US$10. On Bitget, the minimum order amount on the spot market is limited to US$5.
Where else can I buy PAX Gold?
If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.
Where is the best place to buy PAX Gold?
The best place to buy PAX Gold is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.
Should I buy PAX Gold right now?
You should make a decision on purchasing or investing in PAX Gold or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.
Cryptocurrency investment activities, including actions done to buy PAX Gold online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy PAX Gold instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your PAX Gold purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.