Buy PAX Gold (PAXG) with CoinJar
PAX Gold
PAXG
Overview
How to buy PAX Gold with CoinJar
Start your cryptocurrency portfolio with CoinJar by following these simple steps.What is PAX Gold?
Buy Paxos Gold (PAXG): Ever wished you could own a piece of a real gold bar? PAX Gold (PAXG) makes that possible. This cryptocurrency is like a tiny slice of a gold bar, stored safely in a high-security vault.
Each PAX gold token you buy is equal to one ounce of real, physical gold. You don't get to take the gold home, but you own it – kind of like having a valuable item in a super safe deposit box.
Why buy Pax Gold?
Real gold
Unlike most cryptocurrencies, PAXG isn't just numbers on a screen. It's backed by actual gold, so its value is linked to the price of gold in the real world.
Easy to trade
You can buy and sell PAXG on cryptocurrency exchanges, just like Bitcoin or Ethereum. This makes it super convenient to invest in gold, even if you don't have a lot of money to start.
Fractional ownership
You don't have to buy a whole ounce of gold at once. PAXG lets you buy small fractions, making gold investing accessible to more people.
Secure
The gold backing PAXG is stored in highly secure vaults, so you don't have to worry about keeping it safe yourself.
Transparency
Paxos, the company behind PAXG, regularly checks and verifies the gold holdings.
How does it work?
Buy PAXG
You purchase PAXG tokens on a cryptocurrency exchange using regular money or other crypto.
Ownership recorded
Your ownership of the PAXG tokens – and the corresponding amount of gold – is recorded on a blockchain, a secure digital ledger.
Gold in the vault
The physical gold represented by PAXG is stored safely in vaults. You can even look up the serial numbers of the gold bars backing your tokens!
Trade or redeem
You can hold onto your PAXG, trade it for other crypto or regular money, or (if you own a large enough amount) redeem it for physical gold bars.
Should I buy Pax Gold?
If you're interested in gold as an investment but like the ease of using crypto, PAXG could be a good option. It's a way to combine the stability of gold with the flexibility of digital assets.
But remember, the price of gold can go up and down, and there's always the risk of the company behind it having issues. It's important to do your research and understand the risks before investing.
Bank transfer (ACH and wire), or crypto?
Buy PAX Gold instantly with your bank account via ACH or deposit with wire transfer. Easily buy with ACH, wire cash to your account, or swap one cryptocurrency for another in a single click.
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Frequently asked questions
What is Pax Gold (PAXG)?
Pax Gold (PAXG) is a digital asset representing one fine troy ounce of London Good Delivery gold bar stored in Brink's gold vaults. Each PAXG token is a digital representation of a specific amount of gold held in custody.
Who issues PAXG?
PAXG is issued by Paxos Trust Company, a financial institution known for its Paxos Standard (PAX) stablecoin.
Where is the physical gold backing PAXG stored?
The physical gold backing PAXG is securely stored in Brink's gold vaults, renowned for their security in precious metals storage.
How do I know the gold exists?
Paxos regularly undergoes audits to verify that the amount of gold bullion held in custody matches the outstanding PAXG tokens.
Can I redeem my PAXG for physical gold?
Yes, you can redeem your PAXG tokens for physical gold delivery, but only if you own a minimum amount, typically a Good Delivery gold bar.
What blockchain is PAXG on?
PAXG is an ERC-20 token, meaning it operates on the Ethereum blockchain.
How do I buy Pax Gold?
You can buy Pax Gold (PAXG) on various cryptocurrency exchanges, including CoinJar, which supports ERC-20 tokens. After creating and verifying your account, you can link your bank account to buy PAXG instantly via ACH, or deposit funds using wire transfer and use your balance once it clears. CoinJar provides a secure and straightforward way to access tokenized gold and other digital assets.
Why would I buy Pax Gold instead of physical gold?
Pax Gold offers a convenient and secure way to invest in gold without the hassle of storing and insuring physical gold. It also provides fractional ownership, allowing you to buy a portion of an ounce of gold.
Is Pax Gold a good investment for capital management?
While Pax Gold offers some potential advantages for capital management due to its connection to the gold market, it's important to consult with a financial advisor before making any investment decisions.
What are the risks of investing in Pax Gold?
Like all investments, Pax Gold carries risks. The price of gold can fluctuate, and there's always the risk of the company behind it having issues.
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