PAX Gold Price, Live Chart & Market Cap

PAX Gold (PAXG): A Regulated ERC-20 Coin Providing Real Gold Backing

Name: PAX Gold
Brand: PAX Gold
SKU: PAXG
Price: 3402.31 USD
Availability: InStock

Overview of PAX Gold’s Purpose and Usage

PAX Gold (PAXG) is designed to offer direct ownership of fine gold on Ethereum. Users hold tokens that represent physical bars stored in London vaults. PAX Gold integrates seamlessly into DeFi and standard crypto applications, allowing for flexible storage, rapid trading, and real gold redemption options.

PAX Gold (PAXG): Digitized Ownership of Physical Gold

Utility & Use Cases PAXG

Asset-Backed Token

Each PAXG equals one ounce of London Good Delivery gold, ensuring tangible value and direct redemption.

Wallet Compatibility

Store PAX Gold in any ERC-20 wallet. Quickly move or trade tokens without paying custody fees.

Asset Management

Use PAXG as a hedge in a diversified portfolio. Holders can swap tokens on a crypto exchange for easy liquidity.

Staking Opportunities

Although not staked on its own chain, PAXG can earn yield through lending pools and certain DeFi staking services.

PAX Gold Technologies Overview

Smart Contract Design

Built on audited ERC-20 code, the contract allows minting and burning tied to physical gold reserves.

Potential Cross-Chain Expansion

Future plans may bring PAXG to new blockchains or Layer-2 networks for faster, cheaper transfers.

Low Fees

Paxos currently imposes no storage or transfer fees, leaving only standard Ethereum gas costs.

Fast Transactions

Transfers clear in minutes on Ethereum, allowing swift settlement of gold ownership worldwide.

Innovative Technology

Combines precious metal backing with blockchain efficiency, bridging traditional finance and crypto.

Community Governance Potential

While centrally managed, PAXG’s architecture could be integrated into future decentralized governance protocols.

Funding

PAX Gold stems from Paxos, a well-funded fintech company backed by major venture investors. No ICO was held; the token is issued only when gold is deposited and minted.

Roadmap

Expansion on Leading Exchanges

Having secured listings on Coinbase and others, PAXG aims to reach more platforms for global adoption.

Multi-Chain Approach

Paxos may launch PAXG on alternative networks, reducing gas costs and boosting transaction speed.

Increased Redemption Options

Further partnerships will streamline physical gold redemption, making it simpler to claim real bars in smaller denominations.

PAX Gold Security & Audit Reports

PAX Gold is issued by Paxos, a regulated trust. Audited smart contracts and monthly gold reserve attestations reinforce security. Formal verifications ensure contract reliability. Physical bars are held in high-security vaults.

FAQ

How to set up a PAX Gold wallet?

Use any Ethereum-compatible wallet like Metamask or Ledger. Add the PAXG contract address to track holdings.

What makes PAX Gold different from other gold tokens?

It’s regulated, fully redeemable, and audited monthly by third-party firms, ensuring genuine backing.

How to redeem PAXG for real gold?

Verified users can redeem tokens with Paxos or partners. Physical bars or coins are delivered based on request.

Is PAX Gold subject to market volatility?

Yes. Its value mirrors global gold prices, so fluctuations in gold markets affect PAXG’s price.

Can I earn yield with PAXG?

Yes. Lend PAXG on certain DeFi apps or centralized platforms that support gold-backed tokens.

Does PAXG require special fees?

There are no storage or Paxos transfer fees. Ethereum gas fees apply to all ERC-20 transactions.

How does PAXG compare to ETFs?

PAXG confers direct ownership and 24/7 trading on crypto exchanges, unlike most traditional ETFs.

Is PAXG a stablecoin?

It’s pegged to gold’s price, not fiat. Value changes with gold’s market movements.

Is PAXG suitable for crypto trading strategies?

Traders use PAXG to hedge during high volatility or hold gold exposure in their crypto portfolio.

Where can I see my backed gold bar details?

Paxos provides serial numbers and specifications for each token’s allocated gold bar on their site.

Top Crypto Exchanges to Trade PAX Gold (PAXG)

#	Exchange	Pair	Price	24h Volume
1	XT.COM	PAXG/USDT	~$2,719	$1,002,620
2	BYDFi	PAXG/USDT	~$2,718	$1,040,437
3	Phemex	PAXG/USDT	~$2,721	$598,885
4	Hotcoin	PAXG/USDT	~$2,720	$3,134,285
5	Kraken	PAXG/XBT	~$0.027	$711,787
6	MEXC	PAXG/USDT	~$2,719.18	$399,612
7	Bybit	PAXG/USDT	~$2,717	$402,906
8	LATOKEN	PAXG/USDT	~$2,719	$138,687
9	Tokpie	PAXG/USDT	~$2,721.43	$132,819
10	KuCoin	PAXG/USDT	~$2,723.65	$139,758
11	CoinW	PAXG/USDT	~$2,720.24	$303,966
12	Azbit	PAXG/BTC	~$0.027	$51,635
13	Bitso	PAXG/USD	~$2,715.7	$36,138
14	Uniswap V3 (Ethereum)	0X45804880.../0X68749665...	~$1.0011	$65,462
15	CoinEx	PAXG/USDT	~$2,726.87	$9,797.24
16	Mercado Bitcoin	PAXG/BRL	~$16,480.72	$3,990.22
17	Binance	PAXG/USDT	~$2,718	$4,811,077
18	Azbit	PAXG/USDT	~$2,719	$412,807
19	LBank	PAXG/USDT	~$2,719	$1,240,704
20	BTCC	PAXG/USDT	~$2,719	$6,578,349
21	Ourbit	PAXG/USDT	~$2,721.97	$723,344
22	Pionex	PAXG/USDT	~$2,719	$42,956
23	BingX	PAXG/USDT	~$2,720.24	$121,285
24	Gemini	PAXG/USD	~$2,720.75	$78,247
25	Binance	PAXG/BTC	~$0.027	$730,038
26	BVOX	PAXG/USDT	~$2,727	$321,019
27	DigiFinex	PAXG/USDT	~$2,721.19	$147,490
28	CEX.IO	PAXG/USDT	~$2,723	$192.18
29	Bitrue	PAXG/USDT	~$2,723	$2,682,100
30	Kraken	PAXG/USD	~$2,711.95	$290,048
31	Bitget	PAXG/USDT	~$2,720	$52,746
32	Uniswap V2 (Ethereum)	0X45804880.../0XC02AAA39...	~$0.83	$1,256,819
33	FameEX	PAXG/USDT	~$2,721.5	$169,957
34	Binance	PAXG/TRY	~$97,079	$263,001
35	Bit2Me	PAXG/EUR	~$2,618.95	$155,164
36	CoinTR	PAXG/USDT	~$2,719	$43,572
37	WEEX	PAXG/USDT	~$2,719	$10,287.68
38	Kraken	PAXG/EUR	~$2,618.95	$158,040
39	Bitazza	PAXG/USDT	~$2,709	$263,012
40	CoinTR	PAXG/TRY	~$97,283	$143,563
41	Uniswap V3 (Ethereum)	0X45804880.../0XA0B86991...	~$2,722.91	$266,589
42	CEX.IO	PAXG/USD	~$2,715.6	$83.59
43	Crypto.com Exchange	PAXG/USD	~$2,714.9	$68,658
44	itBit	PAXG/USD	~$2,726.21	$915.62
45	KuCoin	PAXG/BTC	~$0.026	$42,347
46	CEX.IO	PAXG/EUR	~$2,636.9	$26.49
47	Bitlo	PAXG/TRY	~$97,216	$1,974.99
48	Kraken	PAXG/ETH	~$0.83	$20,888
49	Crypto.com Exchange	PAXG/USDT	~$2,718.91	$267.44
50	Bittime	PAXG/IDR	~$44,608,076	$2,358.08
51	Uniswap V3 (Ethereum)	0X45804880.../0XC02AAA39...	~$0.84	$301.15
52	Bitazza	PAXG/THB	~$92,150	$1,118.86
53	Uniswap V2 (Ethereum)	0X45804880.../0XA0B86991...	~$2,566.14	$95.95
54	Bullish	PAXG/USDC	~$2,724.55	$41,416
55	Niza Global	PAXG/BTC	~$0.027	$336,648
56	Niza Global	PAXG/USD	~$2,711.95	$141,414
57	Niza Global	PAXG/EUR	~$2,618.95	$76,977
58	HitBTC	PAXG/USDT	~$2,717.44	$84.18
59	BtcTurk \| Kripto	PAXG/USDT	~$2,715	$45,317
60	Nami.Exchange	PAXG/USDT	~$2,719	$3,208.2
61	Tothemoon	PAXG/USDT	~$2,715	$9,912.62
62	Indodax	PAXG/IDR	~$44,643,587	$36,071
63	Niza Global	PAXG/ETH	~$0.83	$10,160.75
64	Nami.Exchange	PAXG/VNST	~$69,916,366	$3,238.28
65	BtcTurk \| Kripto	PAXG/TRY	~$97,175	$77,056
66	ChangeNOW	PAXG/BTC	~$0.027	$8,441.28
67	INX One	PAXG/USD	~$2,718.3	$195.5
68	Kujira Fin	PAXG/MNTA	~$18,507.88	$10.52
69	Binance US	PAXG/USDT	~$2,684	$8,156.76
70	Kujira Fin	PAXG/USK	~$2,886.4	$4.63
71	CoinDCX	PAXG/INR	~$267,530	$1,661.72
72	Korbit	PAXG/KRW	~$4,000,000	$6.94
73	Kujira Fin	PAXG/AXLUSDC	~$2,632.26	$5.15
74	HitBTC	PAXG/BTC	~$0.03	$40.9
75	Giottus	PAXG/INR	~$659,999	$7.63
76	Uniswap V2 (Ethereum)	0X45804880.../0XDFC59641...	~$244,883.96	$374.87
77	Mudrex	PAXG/USDT	~$2,668	$760.67
78	NovaDAX	PAXG/BRL	~$15,592	$4,931.76
79	Uniswap V2 (Ethereum)	0X45804880.../0X68749665...	~$1.016	$40.38
80	Uniswap V3 (Ethereum)	0X45804880.../0X6B175474...	~$2,702.59	$32.86
81	Coinone	PAXG/KRW	~$4,010,000	$278.76