PAX Gold
About PAX Gold
Pax Gold (PAXG) is an ERC-20 standard stablecoin backed by gold. The governing concept behind PAXG is that one PAXG should in theory always trade closely to the market value of one ounce of gold. At its core, Pax Gold intends to make investing in gold more accessible for everyone. The token aims to achieve this by combining the best characteristics of gold, such as relative price stability, with the unique opportunities offered by cryptocurrencies including wide adoption, fractionalized ownership and worldwide availability. PAXG allows anyone to invest without any of the restrictions of investing directly into gold. Finally, by owning Pax Gold, holders are able to leverage their funds in many more ways than a similar gold position could offer, including various Decentralized Finance (DeFi) applications, and trading opportunities.
In the last hour, PAX Gold's price has seen a change of -0.03%, and over the past 24 hours, its price has moved by -0.06%. Over the previous week, PAX Gold's price has moved by -2.08%. The current price of PAX Gold is $4,274.08, accompanied by a trading volume of 49.49M in the last day. PAX Gold's price is currently 23.99% below its all-time high of $5,622.81, which remains the highest price PAX Gold has achieved since its launch. The circulating supply of PAX Gold stands at 434.9k, translating to a total market capitalization of 1.859B.
Market stats
Frequently asked questions
What is Pax Gold?
Pax Gold and its trading symbol (PAXG) is an ERC-20 stablecoin backed by reserves of physical gold securely stored in vaults in London. PAXG provides a secure avenue for investing in gold, enabling users to own fractional amounts of physical gold without incurring storage and transportation costs. This digital currency can be traded on both centralized and decentralized cryptocurrency exchanges (DEXs). Since gold serves as a store of value and has industrial and jewelry applications, as well as a hedge against inflation, purchasing physical gold can be costly, especially for individual investors, due to the challenges of storing it in secure locations. Paxos Trust has addressed this issue through the Pax Gold project.
How does Pax Gold (PAXG) work?
PAXG is a digital token, with each token backed by one troy ounce of pure gold and linked to a specific gold bar stored in secure vaults. The PAXG network is built on the Ethereum platform as an ERC-20 token, which means it can be easily traded on most decentralized platforms and used in decentralized finance (DeFi) applications. Anyone can purchase a fraction of a gold bar, as PAXG tokens are divisible to 18 decimal places. This makes investing in gold easier and eliminates the need for physical storage or transportation. Each token has a unique serial number, and users can verify the details of the corresponding gold bar using the Paxos network’s search tool. PAXG tokens can be redeemed for physical gold, fiat currency, or other digital currencies at the prevailing market price, subject to a specified fee.
How do you buy PAXG on the Rain platform?
Buying PAXG on Rain can be done in a few simple steps:
- Make sure you have funds in your fiat account or your card is added in the payment methods section.
- Select the cryptocurrency you want to buy from the home or portfolio page.
- Click Trade and choose Buy.
- Enter the amount you wish to buy in your preferred fiat currency.
- Select your payment method, either by selecting your card or using the funds in your fiat account.
- Click Next to review your transaction details.
- Click Buy Now to complete the purchase.
PAXG will be added to your wallet after the transaction is executed. At Rain, we use cold storage to keep the majority of our customers’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations?
Before buying PAXG, it’s important to understand the associated risks:
• Gold price volatility risk: the value of the token may rise or fall due to its peg to gold prices.
• Governance and regulatory risk: the value of the token may be affected by legislation and regulation.
• Security risk: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
• Smart contract risks: the currency may be exposed to cyber risks related to smart contracts, although these are limited.
You should not purchase PAXG based solely on price expectations. Instead, you should study the whitepaper, the currency’s use cases, the project behind it, and your risk tolerance before making any decision.
Can tokens be exchanged for gold?
Yes, if you hold a sufficient number of PAXG tokens (typically 430 PAXG tokens or more, equivalent to a standard 400-ounce gold bar), you can indeed exchange your tokens for real gold bars.
How can I verify the gold backed by the token?
Each PAXG token is linked to a specific gold bar. You can enter your digital wallet address into Paxos’s gold lookup tool to find the exact serial number, fineness, and weight of the gold bar you own.
Can I buy PAXG on Rain?
Yes, you can buy the token on Rain.
How to invest in PAX Gold?
Rain offers you a number of ways to start investing in PAX Gold, including buying PAX Gold through bank transfers or by using your bank card. To purchase PAX Gold on Rain, you can select PAX Gold in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy PAX Gold with card?
Once you add your bank card to your Rain account, you can use it to buy PAX Gold directly. You can start by adding your card to your payment options on your Rain account. To purchase PAX Gold using your bank card, you can select PAX Gold, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy PAX Gold through bank deposit?
Rain enables you to buy PAX Gold using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing PAX Gold. To do that, you can select PAX Gold in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell PAX Gold?
This is an easy process that requires only a few clicks. Here are the steps needed to sell PAX Gold successfully:
On your Rain account, select PAX Gold then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert PAX Gold into cash?
Rain gives you the opportunity to sell PAX Gold and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell PAX Gold and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive PAX Gold?
If you would like to receive PAX Gold in your Rain account, simply click on Receive and select PAX Gold from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving PAX Gold to avoid possible loss of funds.
How to send PAX Gold?
You can easily send your PAX Gold from your Rain account to any external wallet by clicking on Send and selecting PAX Gold from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy PAX Gold with Rain?
When you buy PAX Gold with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing PAX Gold on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a PAX Gold wallet?
A PAX Gold wallet is where you can securely store PAX Gold. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a PAX Gold address?
A PAX Gold address is a string of unique characters that is tied to your PAX Gold wallet. The address functions just like a bank account number and it is what you use in order to send PAX Gold from your wallet, or to receive PAX Gold to your wallet.
What trading pairs available for PAX Gold?
There are over 200 currency pairs available on Rain for you to trade with. You can trade PAX Gold with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap PAX Gold with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy PAX Gold?
You can trade PAX Gold with any amount above $30 or equivalent in your account's currency. You can start trading PAX Gold now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides PAX Gold?
Besides PAX Gold, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is PAX Gold built on?
PAX Gold is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my PAX Gold safe?
To keep your PAX Gold safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of PAX Gold be in next 5 years?
Price predictions for PAX Gold over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading PAX Gold taxable?
Trading PAX Gold may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is PAX Gold's ATH?
PAX Gold’s all-time high (ATH) was $ 5,622.81 on 29 Jan 2026. This represents the highest recorded market price of the asset to date.
What is the market cap of PAX Gold?
With a market capitalization of 1.859B, PAX Gold is ranked 49 among other crypto assets.
What is the all-time high of PAX Gold?
The highest valuation of PAX Gold since its launch was at $5,622.81, marking its all-time high.
What is the 24-hour trading volume of PAX Gold?
The trading activity of PAX Gold over the last 24 hours was at 49.49M, highlighting its liquidity in the market.
How many PAX Gold are there in circulation?
There are approximately 434.9k units of PAX Gold currently in circulation, affecting its market dynamics.
What is the relative popularity of PAX Gold?
PAX Gold market cap is around 1.859B.
When was PAX Gold created?
PAX Gold was introduced on 05 Sept 2019.
Website
White paper
Source Code