Buy PAX Gold with a credit card
You can buy PAXG for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at PAX Gold price dynamics and history, get some answers to your questions, and find some useful links to read more about what is PAXG.
PAX Gold live price chart
PAXG price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
As you can see, the current PAX Gold price is 2626.036696954407. In any case, whether you want to buy the dip or just want to buy PAXG for your personal needs - we got you!
Pax Gold (PAXG) is a digital asset backed by physical gold. Launched in September 2019 by Paxos Trust Company, Pax Gold aims to make investing in gold more accessible and efficient. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Paxos Trust Company, led by founders Charles Cascarilla and Rich Teo, ensures that PAXG holders own the underlying physical gold.
Pax Gold operates on the Ethereum blockchain as an ERC-20 token. This blockchain type provides high compatibility with various wallets, exchanges, and decentralized finance (DeFi) platforms. PAXG tokens offer several key features:
- Direct ownership of gold without the need for physical storage.
- Easy transferability and divisibility, unlike physical gold.
- Accessibility to gold investment for anyone with an internet connection.
PAXG's use cases include:
- Serving as a hedge against market volatility and inflation.
- Facilitating gold-based collateral for loans in DeFi platforms.
- Enabling gold trading without traditional barriers and costs.
The security of Pax Gold is maintained through regular audits by top accounting firms, ensuring that each PAXG token is fully backed by physical gold. Recent upgrades and forks in the Pax Gold network include:
- In January 2023, Paxos enhanced the PAXG smart contract to improve transaction efficiency.
- In July 2023, Pax Gold integrated with additional DeFi platforms to expand its use cases.
- November 2023 saw an upgrade that increased the transparency of gold reserves with real-time auditing features.
Recent Pax Gold news and developments include:
- In February 2024, Pax Gold was listed on several major exchanges, increasing its liquidity.
- April 2024 marked the introduction of PAXG staking, allowing users to earn rewards.
- In June 2024, Paxos announced a partnership with a leading financial institution to promote PAXG adoption.
- August 2024 saw Pax Gold's inclusion in multiple investment funds, broadening its reach.
- October 2024 featured the launch of a mobile app for easier PAXG management.
The purpose of issuing PAXG is to provide a stable and reliable digital asset backed by gold, bridging the gap between traditional and digital finance. The total supply of PAXG is determined by the amount of gold held by Paxos, ensuring that each token is fully collateralized.
The average Pax Gold network fees
The average transaction fee on the Pax Gold network varies but typically costs around 0.002 ETH, which is approximately $3.50 USD at current prices. This fee reflects the gas cost for transactions on the Ethereum blockchain and is relatively low compared to traditional gold trading methods.
PAXG token wallets
For storing PAXG tokens, several reliable wallets are available:
- MetaMask: A popular browser extension wallet supporting ERC-20 tokens.
- Trust Wallet: A versatile mobile wallet for various cryptocurrencies, including PAXG.
- MyEtherWallet: A web-based wallet for managing Ethereum-based assets.
- Ledger Nano S/X: Hardware wallets providing secure offline storage for PAXG.
- Coinbase Wallet: A user-friendly mobile wallet supporting multiple cryptocurrencies.
To buy PAXG crypto, you can use various cryptocurrency exchanges. These platforms facilitate the purchase of Pax Gold tokens, making it straightforward to add PAXG to your portfolio. The cheapest way to buy Pax Gold is on SwapSpace, which offers competitive exchange rates and a user-friendly interface.
Is now a good time to buy Pax Gold? Given its stable backing by physical gold and the recent developments enhancing its utility and liquidity, it appears to be a promising time to consider adding PAXG to your investment portfolio. You can buy PAXG right here on SwapSpace — look below to find an instruction on how to buy Pax Gold.
How to buy PAXG on SwapSpace
On this page, we put USD in the “You send” and PAXG in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination PAX Gold address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
