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How to buy PAX Gold from Bitget

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

PAXGUSDT

PAXG on Bitget MegaSwap (ERC-20 & BEP-20)

PAX Gold

Bitget: Where The World Trades PAX Gold

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy PAX Gold instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy PAX Gold from Bitget

What to Do After I Buy PAX Gold

Store/Hold PAX Gold

Many users hold on to their PAX Gold with the expectation of it increasing in value. You can store your PAXG safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade PAX Gold

You can trade PAX Gold for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for PAX Gold trading to meet your needs.

Send PAX Gold

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy PAX Gold online and send to anyone and anywhere with their PAX Gold address.

Spend PAX Gold

You can also buy goods and services with your PAX Gold. More and more vendors and retailers accept PAX Gold every day.

Donate PAX Gold

Bitget Charity accepts PAX Gold donations for global projects that aim to improve the lives of people in the bottom billion. You can donate PAX Gold so no one misses out on the growth made possible by blockchain.

Learn More About PAX Gold

You can read more in-depth articles on PAX Gold from Bitget Research and study how cryptocurrencies like PAX Gold work on Bitget Academy

Buy and Sell PAXG on the Move

Download the Bitget crypto trading app and trade your PAXG plus 150+ cryptocurrencies, anytime and anywhere.

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Origin Dollar Governance

(!) 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.