What is the current price of PAX Gold (PAXG)?

The current price of PAX Gold (PAXG) is 5108.3527072682455 AUD, representing a -1.37 from the day prior.

Can I buy PAX Gold (PAXG) on Coinstash?

Yes - you can easily buy and sell PAX Gold (PAXG) on Coinstash. Simply login or sign up, to start buying PAX Gold (PAXG) in minutes.

Where is the best place to buy PAX Gold (PAXG) in Australia?

The best place to buy PAX Gold (PAXG) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell PAX Gold (PAXG) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of PAX Gold (PAXG)?

The trading volume of PAX Gold (PAXG) is 105.6M AUD in the last 24hrs, representing a -1.37 from the day prior.

How can I buy PAX Gold (PAXG)?

PAX Gold (PAXG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of PAX Gold (PAXG)?

The current market cap of PAX Gold (PAXG) is 1.2B AUD.

Can I convert PAX Gold (PAXG) to cash?

Yes - With Coinstash you can convert your PAX Gold (PAXG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many PAX Gold (PAXG) are there?

The current circulating supply of PAX Gold (PAXG) is 228.0K.

Is Coinstash a safe place to buy PAX Gold (PAXG) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling PAX Gold (PAXG) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy PAX Gold (PAXG)

What is PAX Gold?

PAX Gold is a gold-backed cryptocurrency launched in September 2019 by the creators of Paxos Standard (PAX). It operates as an ERC-20 token on the Ethereum blockchain, designed to make gold more tradable by eliminating the need for physical storage and transportation. Each PAX Gold token is backed by physical gold, making it possible for investors to easily own and trade small amounts of gold.

How does PAX Gold work?

PAX Gold operates on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's ecosystem, including wallets, exchanges, and decentralised finance (DeFi) platforms. It uses smart contracts to manage the issuance and redemption of tokens, ensuring each is backed by physical gold stored in secure vaults. With Ethereum's transition to Proof of Stake, PAX Gold benefits from enhanced security and energy efficiency. The token's price corresponds to the market value of gold, facilitated by Chainlink's price oracle.

What are the potential use cases for PAX Gold?

PAX Gold's potential use cases include:

Investment: Provides fractional ownership of gold, making it accessible to small investors and enabling institutional investors to diversify portfolios without physical storage concerns.
Decentralised Finance (DeFi): Usable in DeFi protocols for staking, lending, or collateral due to its compatibility with the Ethereum blockchain.
Inflation Hedge: Offers stability as a gold-backed asset, serving as protection against fiat currency devaluation.
Global Trading: Tradable worldwide via its ERC-20 token structure, enhancing liquidity and accessibility.
Regulated Digital Asset: Operates with regulatory oversight, ensuring legitimacy and transparency.

What is the history of PAX Gold?

PAX Gold was launched in September 2019 by Paxos Trust Company, under the leadership of Charles Cascarilla. Aimed at making gold more accessible and tradable, it was introduced as a gold-backed cryptocurrency tokenized as ERC-20 on Ethereum. Since its launch, PAX Gold has achieved milestones such as regulatory oversight by the New York State Department of Financial Services and significant market expansion. It has been integrated into DeFi platforms and experienced notable growth in token supply and market capitalization. PAX Gold continues to evolve with technological advancements, including Ethereum's move to Proof of Stake and the use of secure smart contracts.