Exchange PAX Gold
If you're looking to swap PAX Gold, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is PAX Gold, or some fresh information about PAXG’s price movements. And, of course, we provide you with multiple PAX Gold exchange options so that you can choose the offer with the best rates and lowest PAX Gold fees, as well as other parameters that suit you.
PAX Gold price chart
Here you can see the current price of PAX Gold, as well as PAX Gold price history.
PAX Gold price stats
To help you make a decision about exchanging your PAX Gold, we gathered some cold hard numbers: PAX Gold price chart and other stats, such as PAX Gold market cap.
24H HIGH $2 669.223317
MARKET CAP $526 055 686.39057356
CIRCULATING SUPPLY 197 185.776 PAXG
24H LOW $2 616.02886054
PAXG PRICE $2 667.81761373
24H VOLUME $703 553.703651223
What is PAX Gold?
What is PAX Gold?
PAX Gold (PAX) is a type of stablecoin where each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar. This gold is stored in vaults held by Paxos Trust Company. PAX Gold was founded by Chad Cascarilla and Richmond Teo are the co-founders of Paxos, the company behind PAX Gold, and launched on September 5, 2019. Paxos is a financial technology company that focuses on creating products and services for the digital asset space.
Key Features of PAX Gold
- Backed by Physical Gold: PAX Gold tokens are redeemable for physical gold, giving holders ownership of the underlying asset.
- Transparency: The actual physical gold reserves backing PAX Gold are regularly audited and visible on the blockchain.
- Fractional Ownership: PAX Gold allows investors to own fractional amounts of physical gold, making it accessible to a wider range of investors.
- Ethereum-based: PAX Gold is built on the Ethereum blockchain, utilizing the ERC-20 token standard. Ethereum's smart contract capabilities provide the infrastructure for PAX Gold's operations.
PAX Gold (PAXG) Transaction Fee
As the PAXG token is sent on the Ethereum network, its transaction fee is 0.02% of the amount of the token sent on the blockchain. While most smart contract-based fees on the Ethereum network are subject to network congestion and gas prices, PAX Gold's fees remain stable due to the specific nature of its digital gold transactions.
PAXG Token Wallets
- Ledger Nano S/X: Highly secure hardware wallets.
- MetaMask: A popular browser extension wallet.
- Trust Wallet: A user-friendly mobile wallet.
- MyEtherWallet: Ideal for managing ERC-20 tokens.
- Coinbase Wallet: A mobile wallet by a reputable exchange.
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A simple way to exchange PAX Gold here at SwapSpace
Choose a pair
To help you make a decision about exchanging your PAXG, we gathered some cold hard numbers: PAXG price chart and other stats, such as PAXG market cap.
Select the best rate
You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.
Transfer funds
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.
Frequently asked questions
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