Discover how to buy PAX Gold (PAXG) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
PAX Gold (PAXG) is currently at
€4,205.98
€81.9143 (+1.95%)
Last updated on --.
How can I buy PAX Gold on OKX?
Whether you're new to crypto or an experienced trader, you can buy PAX Gold using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose PAX Gold
Select PAX Gold and buy using your chosen method.
Step four
Receive your PAX Gold
Confirm your purchase and store your PAX Gold in your portfolio.
What's PAX Gold?
PAX Gold is a digital token that represents real gold. Imagine having a magic coin that lets you own gold without holding it physically. PAX Gold exists to make owning gold easier and more accessible. Instead of buying and storing heavy gold bars, you can own PAX Gold, which is backed by real gold stored safely. This solves the problem of storage and transport, making gold ownership simple and digital.
How can I buy PAX Gold?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity with necessary documents as part of KYC. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the trading section, search for PAX Gold, and place a buy order by entering the amount you wish to purchase.
Why do people buy PAX Gold?
People buy PAX Gold because it offers a convenient way to own gold digitally. It provides the benefits of gold ownership without the hassle of physical storage. PAX Gold is widely accepted in the crypto ecosystem, allowing users to trade or use it in various applications. It also offers stability, as gold is traditionally seen as a safe asset. However, it doesn't generate income like stocks or bonds.
Things to know before buying PAX Gold in the United States
In the United States, cryptocurrencies like PAX Gold are legal, but you must comply with KYC and AML regulations, meaning you'll need to verify your identity. Tax implications include reporting capital gains if you sell PAX Gold for more than you bought it. It's important to keep records for tax purposes. Always check the latest regulations as they can change.
What are other ways to own PAX Gold?
You can obtain PAX Gold through alternative methods like participating in airdrops, where tokens are distributed for free. Some platforms offer Learn-and-Earn programs, rewarding users with tokens for completing educational tasks. Staking or providing liquidity in certain networks might earn you PAX Gold as a reward. These methods require effort and understanding of the risks involved.
How can I store my PAX Gold?
To store PAX Gold safely, you can choose between custodial and non-custodial options. Custodial storage means trusting a platform to keep your tokens secure, while non-custodial storage gives you full control. Hot wallets are convenient for frequent access but are online and less secure. Cold wallets are offline and safer for long-term storage. Always back up your wallet and keep recovery phrases secure.
Why should I buy PAX Gold on OKX?
Learn more about the security measures keeping your PAX Gold safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy PAX Gold (PAXG)
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How to get PAX Gold for free
Invite friends, earn rewards
See how you can get free PAX Gold when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your PAX Gold grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free PAX Gold airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade PAX Gold
Take advantage of price fluctuations and trade your PAX Gold for other cryptocurrencies.
Send PAX Gold
Send your PAX Gold anywhere, anytime with fast, low-cost transfers.
Spend PAX Gold
Use your PAX Gold to pay for goods, services, and experiences seamlessly.
Hold PAX Gold
If you think your PAX Gold will increase in value, you can hold onto it.
Sell PAX Gold
Convert your PAX Gold to cash quickly and securely.
How to buy PAX Gold (PAXG) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy PAX Gold PAXG safely on a trusted exchange like OKX.
Choose the best exchange to buy PAX Gold (PAXG) depending on your individual needs. Factors to consider when picking the best place to buy PAX Gold (PAXG) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping PAX Gold. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell PAX Gold (PAXG), as well as fiat withdrawal options.
This depends on the method you use to convert PAX Gold (PAXG) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.