Want to own real gold without holding heavy bars? Pax Gold (PAXG) makes that possible using the power of blockchain. Created by Paxos in 2019, PAXG is a digital token backed by real, physical gold. Each token equals one fine troy ounce of gold stored in secure vaults approved by the London Bullion Market Association. This means you can buy, hold, and trade real gold in digital form, without worrying about storage or security.
PAXG runs on the Ethereum blockchain as an ERC-20 token. That gives it high liquidity, fast transaction speeds, and compatibility with most crypto wallets and decentralised apps. You can trade it on popular crypto exchanges just like any other token, but unlike many digital coins, it’s tied directly to the price of real gold. So while you’re buying a crypto token, you’re also investing in one of the most trusted assets in history, gold.
How To Buy PAX Gold In 4 Easy Steps
This step-by-step guide walks you through the process of buying and safely storing PAX Gold with ease and clarity.
Step 1: Choose a Crypto Exchange Platform
The first step to buy PAX Gold is selecting a reliable crypto exchange that suits your needs. A good platform should offer robust security, support for fiat currencies or stablecoins, and a smooth user experience.
When choosing an exchange, look at what payment methods are available, whether it’s buying with traditional currencies like USD, EUR, or INR, or using stablecoins like Tether or USD Coin. Always check that the exchange supports PAX Gold trading pairs and provides transparent fee structures. Taking the time to select a trusted platform ensures your buying journey starts on the right foot.
Step 2: Register On Any Of The Platforms
Once you’ve picked your platform, visit its official website and begin the registration process. Fill in your personal details, including your email address, contact number, and current address.
You’ll also be asked to upload a valid identification document, such as a passport or driver’s licence, to complete the verification process. Most platforms complete this step within a few hours, allowing you to quickly move on to making your first purchase.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After your account has been verified, it’s time to fund it and buy PAX Gold. You can choose from a variety of fiat and crypto-based payment methods, depending on what suits you best.
Here’s a breakdown of your options:
Buy with Fiat Currencies:
- USD: Available on Coinbase, Gemini, and Crypto.com
- EUR: Available on Kraken
- INR: Available on CoinDCX and Zebpay
Buy with Stablecoins:
- Tether (USDT): Available on Binance, MEXC, Bitget, BitMart, BingX, and KuCoin
- USD Coin (USDC): Available on Binance and 50X
Depending on the exchange, you can use methods like bank transfers, debit or credit cards, or even wallet-to-wallet transfers. Follow the platform’s steps to complete your transaction and confirm the PAX Gold tokens in your account.
Step 4: Store the Cryptocurrency in a Wallet
After completing the purchase, it’s best to transfer your PAX Gold tokens to a private wallet for safekeeping. Keeping assets off exchanges helps protect them from security breaches and gives you full control.
Start by withdrawing the tokens from the exchange and entering your wallet’s public address. Compatible wallets for PAX Gold include Trezor, Ledger Nano X, Defexa Wallet, MetaMask, and Exodus Wallet. Once the transfer is confirmed, your tokens are safely stored and ready for long-term holding or further use.
Popular video guides on buying PAX Gold (PAXG)
Where to buy PAX Gold (PAXG)?
Binance offers a feature-packed platform that supports spot, futures, and margin trading, alongside tools for staking, savings, and launchpads. Users can access a wide variety of digital assets and use customisable charts, order types, and mobile tracking to manage trades. Security measures include login alerts, device verification, and cold wallet storage. The platform regularly updates with new tokens, events, and educational content. With strong global support and fast execution, Binance continues to be a top choice for users who want depth, flexibility, and speed in one place.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | PayPal, Debit/Credit, UPI, Wire Transfer |
Deposit Fees: | Nil |
Cryptos Listed: | 500+ |
Trading Fees: | 0.1% for both maker and taker |
Fiat Currencies Supported: | 35+ including (USD, EUR, GBP, INR, RUB, BRL, AUD) |
Trustworthiness: | Safe and Reliable |
ZebPay caters to Indian users with a clean, mobile-friendly platform that supports easy INR deposits and withdrawals. It offers spot trading on major digital assets, along with simple options for lending and earning. The app includes price alerts, portfolio tracking, and a secure wallet system. Security features such as biometric login, two-factor authentication, and cold storage help protect funds. With a long-standing presence in the market, ZebPay makes crypto accessible to everyday users looking for a smooth, compliant, and reliable trading experience in India.
Factsheet
Operational Since: | 2014 |
Deposit Methods: | Bank Transfer, Debit/Credit, UPI, Crypto |
Deposit Fees: | Nil |
Cryptos Listed: | 150+ |
Trading Fees: | 0.15% for maker and 0.25% for taker |
Fiat Currencies Supported: | INR, USD, EUR, AUD |
Trustworthiness: | Safe and Reliable |
Kraken provides a secure and transparent environment for crypto trading with a focus on precision and control. It offers spot, margin, and futures markets, as well as staking options for users who want to earn while holding assets. Traders benefit from a professional interface, flexible order settings, and real-time portfolio tracking. The platform uses cold wallet storage, account protection tools, and verification steps to ensure safety. Known for reliability and regulation-friendly practices, Kraken appeals to users who value long-term trust and consistent performance.
Factsheet
Operational Since: | 2011 |
Deposit Methods: | PayPal, Debit/Credit, UPI, Crypto |
Deposit Fees: | Kraken charges different fees for different types of deposits |
Cryptos Listed: | 500+ |
Trading Fees: | 0% to 0.40% of the total cost |
Fiat Currencies Supported: | USD, EUR, GBP, JPY, CAD etc. |
Trustworthiness: | Safe and Reliable |
Frequently Asked Questions
Where Can You Buy PAX Gold With A Credit Or Debit Card?
You can buy PAX Gold with a credit or debit card directly on several centralised exchanges, depending on your fiat currency. If you want to pay in US Dollars, you can use Coinbase, Crypto.com, or Gemini. For Euro transactions, Kraken supports direct card purchases.
If you’re based in India and prefer using Indian Rupees, you can buy PAX Gold on CoinDCX or Zebpay. These options make it easy to invest in gold-backed tokens without going through multiple steps. Always choose a trusted exchange to enjoy a secure and smooth buying experience.
What Will You Need To Buy PAX Gold?
Here’s everything you’ll need to own a PAX Gold token:
- Crypto Exchange: To purchase PAXG tokens, you need a trustworthy exchange platform. These platforms allow you to trade and manage cryptocurrencies effortlessly. Features like margin trading, trading bots, copy trading, and advanced analytics enable users to make informed decisions and seize profitable opportunities.
- Identification Documents: To access a crypto exchange, you need to create an account and complete a KYC (Know Your Customer) verification process. This involves submitting valid identification documents, such as a passport, driver’s licence, or tax return, to confirm your identity.
- Debit/Credit Card: A debit or credit card is a convenient way to fund your crypto account. Many major exchanges accept cards for direct purchases. Check the platform’s payment options to ensure your card is supported before proceeding.
- Stablecoin/Altcoin: You can also use stablecoins like Tether (USDT) or USD Coin (USDC) to buy PAXG tokens. These options provide a faster and more flexible way to complete your purchase. Make sure your chosen exchange supports these stablecoins before starting your transaction.
- Crypto Wallet: Once you’ve purchased your tokens, transfer them to a secure crypto wallet. Wallets like Trezor, Ledger Nano X, Defexa Wallet, MetaMask, and Exodus Wallet offer excellent security features. Always review wallet safety protocols and customer feedback before choosing one.
Ensure that you have all the above things handy for a smooth purchasing experience.
What Is The Easiest Way To Buy PAX Gold?
The easiest way to buy PAX Gold (PAXG) is through centralised exchanges that accept credit or debit card payments using fiat currencies. If you want to use US Dollars, you can sign up on platforms like Coinbase, Crypto.com, or Gemini. These exchanges make the buying process simple by allowing you to link your card, complete verification, and purchase PAXG directly. The coins will appear in your exchange wallet immediately after the transaction.
If you prefer using Euros, Kraken offers a smooth experience. You can deposit Euros using your bank card or account and then trade them for PAX Gold. The platform has a clear interface and guides you step by step, which helps first-time users make their purchase without confusion. Kraken also offers strong security features and competitive fees, making it a reliable choice for European users.
For users in India, CoinDCX and Zebpay support the purchase of PAX Gold with Indian Rupees. You can transfer INR using UPI or internet banking, and then convert it into PAXG on the platform. These exchanges cater to Indian users with local payment options and responsive customer support. Always remember to check fees and choose a secure wallet if you plan to store your PAXG for the long term.
Best Wallets To Store Your PAX Gold (PAXG)
To store your PAX Gold tokens securely, it’s important to use a trusted wallet that suits your experience level and trading needs. Each wallet below offers unique tools for managing your assets safely and efficiently.
Trezor: Trezor provides top-level security by storing your tokens offline in a hardware device. It supports multiple cryptocurrencies, including PAXG, and uses advanced encryption to protect your private keys. Ideal for long-term holders, Trezor works with companion apps that allow you to manage and monitor your assets without exposing them to online risks.
Ledger Nano X: This hardware wallet offers a powerful combination of mobility and security for storing PAXG. It connects via Bluetooth and supports over 1,000 digital assets. With its companion app, Ledger Live, users can track their holdings, make transactions, and install updates easily. It’s a perfect fit for those who value high-grade protection with on-the-go access.
Defexa Wallet: Defexa Wallet is a multi-functional mobile wallet that supports PAXG and many other cryptocurrencies. It comes with features such as built-in swaps, custom token support, and real-time market tracking. Its clean interface and focus on secure key management make it ideal for daily users and traders who want fast and secure access.
MetaMask: MetaMask operates as both a browser extension and mobile app, allowing you to store PAXG and interact with Ethereum-based decentralised applications. It features private key storage and a built-in swap function for ease of use. MetaMask is a solid choice for users who frequently engage with DeFi or NFTs alongside holding PAXG.
Exodus Wallet: Known for its user-friendly interface, Exodus supports storing PAXG along with a wide selection of other assets. It includes features such as portfolio tracking, staking, and in-app trading. Compatible with both desktop and mobile, Exodus provides a flexible and secure environment, making it suitable for beginners and advanced users alike.
Choosing any of these wallets ensures the safe storage of your PAX Gold while offering features that cater to a variety of investment strategies.
