Paxos Gold (PAXG) is now available on Bitso!

Pax Gold - Bitso

What is Paxos Gold (PAXG)?

Paxos Gold (PAXG) is a gold-backed stablecoin that allows its holders to invest in gold through the blockchain with minimal fees, fast settlement, and institutional custodianship.

Paxos is the Issuer of PAXG. They are a New York-regulated financial institution on a mission to create a global, frictionless economy. The vault provider maintains insurance meaning PAX Gold holdings are protected both in the vault facilities and in transit.

What makes Paxos Gold (PAXG) unique?

Paxos Gold is unique because unlike investing the usual in gold it offers:

  • Instant access to Gold
  • Enhanced settlement for investments in Gold
  • No storage fees
  • Low capital requirements

Why does it make sense to invest in Paxos Gold (PAXG)?

To this day, professional investors see investing in gold as a way to hedge against inflation and uncertainty in the markets. 

During times of volatility and downturn, cryptocurrencies will be more heavily impacted than gold due to their correlation with the markets. 

PAXG offers a “safe haven” within the blockchain to hedge your savings during a market turmoil.

PAXG Business Model

Paxos charges 2 types of fees as an issuer and custodian of Paxos Gold (PAXG)

  • On-Chain Transaction fees: Whenever PAXG tokens are sent on the Ethereum network, Paxos charges a small 0.02% fee for the amount of PAXG sent on the blockchain. 0.02% of on-chain transaction fees are covered by users.
  • Creation and Destruction fees: Whenever a user buys or sells PAXG from their Paxos account (on either the wallet dashboard or PAX Gold pages), Paxos charges small fees to process the creation and destruction of PAXG tokens. This includes all sales or conversions of PAX Gold to or from USD, gold bars, or unallocated gold. 

These fees do not apply when purchasing & selling tokens through Bitso.

  • Storage fees: Paxos does not charge gold storage fees to its customers at this time.

Paxos Gold (PAXG) partnerships

Paxos partnerships are mostly related to banking, exchanges, and payments, some of them are:

  • Nubank – Exchange
  • Uniswap – Exchange
  • itBit – Exchange
  • Credit Suisse – Settlement
  • Paypal – Payments – Investors
  • Bank of America – Banking – investors
  • Coinbase – Settlement – Investors


Bitso only supports PAXG on the Ethereum blockchain. Any deposit from another network (BSC, Polygon, etc) will result in the loss of your tokens.

This is not financial advice, do your own research.

Paxos Gold (PAXG) is a gateway to the gold within the blockchain, offering the best of both worlds in terms of capabilities while having exposure to a “safe-haven” asset. 

For this reason, and for many more, we’re listing it on Bitso.

Be part of the future.

Stay tuned for new cryptocurrencies…

The Bitso Team cryptocurrency experts ensure secure and accurate information about the crypto world.