Buy PAX Gold in Australia

PAX Gold

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2019Active since

What is PAX Gold?

Buy Paxos Gold (PAXG): Ever wished you could own a piece of a real gold bar? PAX Gold (PAXG) makes that possible. This cryptocurrency is like a tiny slice of a gold bar, stored safely in a high-security vault.

Each PAX gold token you buy is equal to one ounce of real, physical gold. You don't get to take the gold home, but you own it – kind of like having a valuable item in a super safe deposit box.

Why buy Pax Gold?

Real gold

Unlike most cryptocurrencies, PAXG isn't just numbers on a screen. It's backed by actual gold, so its value is linked to the price of gold in the real world.

Easy to trade

You can buy and sell PAXG on cryptocurrency exchanges, just like Bitcoin or Ethereum. This makes it super convenient to invest in gold, even if you don't have a lot of money to start.

Fractional ownership

You don't have to buy a whole ounce of gold at once. PAXG lets you buy small fractions, making gold investing accessible to more people.


The gold backing PAXG is stored in highly secure vaults, so you don't have to worry about keeping it safe yourself.


Paxos, the company behind PAXG, regularly checks and verifies the gold holdings.

How does it work?


You purchase PAXG tokens on a cryptocurrency exchange using regular money or other crypto.

Ownership recorded

Your ownership of the PAXG tokens – and the corresponding amount of gold – is recorded on a blockchain, a secure digital ledger.

Gold in the vault

The physical gold represented by PAXG is stored safely in vaults. You can even look up the serial numbers of the gold bars backing your tokens!

Trade or redeem

You can hold onto your PAXG, trade it for other crypto or regular money, or (if you own a large enough amount) redeem it for physical gold bars.

Should I buy Pax Gold?

If you're interested in gold as an investment but like the ease of using crypto, PAXG could be a good option. It's a way to combine the stability of gold with the flexibility of digital assets.

But remember, the price of gold can go up and down, and there's always the risk of the company behind it having issues. It's important to do your research and understand the risks before investing.

How to buy PAXG on CoinJar

If you don't have one already, download the CoinJar app or visit their website to sign up. You'll need to provide some personal information and verify your identity. Transfer Australian dollars (AUD) from your bank account into your CoinJar account. You can use various methods like bank transfer, PayID, or Osko.

Look for Pax Gold (PAXG) in the list of available cryptocurrencies. Decide how much PAXG you want to buy. You can enter the amount in AUD or PAXG. Double-check the details of your order, including the amount and the current price of PAXG. Click "Buy" or "Confirm" to complete the transaction.

The purchased PAXG will be added to your CoinJar wallet.

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Cash, credit or crypto?

Buy PAX Gold instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.

How to buy PAX Gold with CoinJar

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Step oneSign up to CoinJarGet the CoinJar app on iOS or Android, create an account and verify your ID.
Step twoDeposit funds Transfer funds from your bank account using bank transfer, PayID, Osko, SEPA or Faster Payments.
Step threeBuy your first cryptoBuy Bitcoin and more than 60 other cryptos using cash or credit card.
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Frequently asked questions

What is Pax Gold (PAXG)?

Pax Gold (PAXG) is a digital asset representing one fine troy ounce of London Good Delivery gold bar stored in Brink's gold vaults. Each PAXG token is a digital representation of a specific amount of gold held in custody.

Who issues PAXG?

PAXG is issued by Paxos Trust Company, a financial institution known for its Paxos Standard (PAX) stablecoin.

Where is the physical gold backing PAXG stored?

The physical gold backing PAXG is securely stored in Brink's gold vaults, renowned for their security in precious metals storage.

How do I know the gold exists?

Paxos regularly undergoes audits to verify that the amount of gold bullion held in custody matches the outstanding PAXG tokens.

Can I redeem my PAXG for physical gold?

Yes, you can redeem your PAXG tokens for physical gold delivery, but only if you own a minimum amount, typically a Good Delivery gold bar.

What blockchain is PAXG on?

PAXG is an ERC-20 token, meaning it operates on the Ethereum blockchain.

How do I buy Pax Gold?

You can buy Pax Gold (PAXG) on various cryptocurrency exchanges and platforms that support ERC-20 tokens.

Why would I buy Pax Gold instead of physical gold?

Pax Gold offers a convenient and secure way to invest in gold without the hassle of storing and insuring physical gold. It also provides fractional ownership, allowing you to buy a portion of an ounce of gold.

Is Pax Gold a good investment for capital management?

While Pax Gold offers some potential advantages for capital management due to its connection to the gold market, it's important to consult with a financial advisor before making any investment decisions.

What are the risks of investing in Pax Gold?

Like all investments, Pax Gold carries risks. The price of gold can fluctuate, and there's always the risk of the company behind it having issues.

CoinJar does not endorse the content of, and cannot guarantee or verify the safety of any third party websites. Visit these websites at your own risk.

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