USD to PAXG: Convert United States Dollar to PAX Gold instantly

You can buy PAX Gold (PAXG) with USD on various cryptocurrency exchanges. The process typically involves creating an account, completing identity verification (KYC), and funding your account with USD via bank transfer (ACH or wire), debit card, or credit card. Once funded, you can place an order to purchase PAXG on the platform's spot market.

To sell PAX Gold (PAXG) for USD, you need to transfer your PAXG tokens to an exchange that supports the PAXG/USD trading pair. On the exchange, place a sell order for your desired amount. After the sale is executed, the USD proceeds will be credited to your account, which you can then withdraw to your verified bank account.

PAX Gold (PAXG) is highly secure. It is issued by Paxos Trust Company, a regulated entity under the NYDFS. The gold backing each token is stored in professional, LBMA-approved vaults. The company undergoes monthly third-party audits to confirm that the supply of PAXG tokens matches the amount of gold held in reserve, ensuring full 1:1 backing.

PAXG serves several purposes. It acts as a hedge against inflation and market volatility, similar to physical gold. It can be used for fast, low-cost international value transfer. Within DeFi applications, PAXG can be used as collateral for loans or for yield farming. It also provides an accessible way to own and trade gold without the storage and insurance costs of physical bullion.

Yes, PAX Gold (PAXG) is one of the few regulated digital assets backed by a physical commodity. It is issued by Paxos Trust Company, which is chartered and regulated by the New York State Department of Financial Services (NYDFS). This regulatory oversight ensures consumer protection and adherence to strict operational standards.

Yes, one of the key features of PAXG is its redeemability. Holders of PAXG can redeem their tokens for physical gold bars through the Paxos platform. Depending on the amount, you can redeem for unallocated gold entitlements or full London Good Delivery gold bars. Smaller amounts can also be redeemed via a network of physical gold retailers.

While both provide exposure to gold, PAXG offers direct ownership of specific, allocated gold bars, whereas an ETF represents a share in a fund that owns gold. PAXG is tradable 24/7 on crypto exchanges, offers fractional ownership down to small amounts, and is easily transferable on the blockchain. ETFs are traded during market hours and involve intermediaries like brokers.

Paxos does not charge custody fees for holding PAXG. On-chain transactions for PAXG incur standard Ethereum network gas fees. For creations and redemptions of PAXG tokens directly with Paxos, small fees apply. When trading on exchanges, you will be subject to the exchange's specific trading fees for the PAXG/USD pair.