Why buy PAX Gold with Kraken?

About PAX Gold

What can you do with PAX Gold?

Swap PAX Gold for other assets

Learn more about PAX Gold

1. How does PAX Gold work?

   Unlike traditional currencies, PAX Gold is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining PAX Gold. This decentralization means the holders and users of PAX Gold can help to maintain the network.

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2. Where can I buy PAX Gold?

   Most find that the easiest and most secure way to purchase PAX Gold is through a reliable cryptocurrency platform like Kraken. While PAX Gold can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like PAX Gold.

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3. How much does it cost to buy 1 PAX Gold?

   At the current market rate, it costs $2,635.77 to purchase one PAXG. Kraken makes it easy to buy & sell PAX Gold with confidence.

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4. Can I buy $100 worth of PAX Gold?

   Yes, Kraken offers a secure and easy to buy $100 worth of PAX Gold. At its current price, $100 equals 0.038 PAXG.

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5. Is PAX Gold safe to buy?

   The PAX Gold price can change dramatically based on market conditions. You should do your own research on PAX Gold before buying.

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6. Is PAX Gold available to buy and sell in my country?

   To find out if Kraken offers PAX Gold in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is PAX Gold a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, PAX Gold may be a worthwhile purchase.

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8. Can I purchase PAX Gold using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying PAX Gold?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of PAX Gold I can buy?

    You can buy as little as $10 worth of PAX Gold on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of PAX Gold regularly.

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11. Can I buy PAX Gold with a debit card?

    You can buy PAX Gold using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy PAX Gold with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase PAX Gold using hundreds of other cryptocurrencies. Browse the PAX Gold markets available on Kraken to see how much it costs to buy PAX Gold with other cryptocurrencies.

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13. How can I keep my PAX Gold safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your PAX Gold. When you choose to keep your PAX Gold on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling PAX Gold?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer PAX Gold from Kraken to my crypto wallet?

    Yes, the PAX Gold you buy on Kraken is yours. Kraken makes it easy to withdraw your PAX Gold to any hot wallet or cold wallet that supports PAX Gold. Simply enter the external wallet address and your PAX Gold will be in your wallet a few moments later.

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16. Is it safe to leave my PAX Gold on Kraken?

    We take every measure possible to keep the PAX Gold you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your PAX Gold. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of PAX Gold?

    The current circulating supply of PAX Gold is 197,890 PAXG.

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