Buy PAX Gold

PAX Gold

Past performance is not indicative of future results. All prices are sourced from CoinJar Indices.
PAXG price calculator


Tokenised AssetAsset type
2019Active since
Official site

What is PAX Gold?

PAX Gold (PAXG) is an ERC-20 token that lets you take fractional ownership of a real world gold bar.

Every PAXG token corresponds to one fine troy ounce (slightly heavier than a regular ounce) of a London Good Delivery gold bar being held in the London Bullion Market Association (LBMA) member vaults in London. The token provides ownership rights to the corresponding amount of gold and can be redeemed for actual gold bullion bars.

As PAXG represents gold itself, its value is tied to the real-time market value of physical gold.

How does PAXG maintain its value?

Since PAXG represents physical gold, its value is tied to the real-time market value of that physical gold.

If I buy PAXG, do I own the underlying gold represented by the token?

All owners of PAXG have ownership rights to that gold under the custody of the Paxos Trust Company, LLC, a New York limited purpose trust company. At any time, PAXG holders can look up the serial number, value and physical characteristics of their vaulted gold by entering their Ethereum wallet address on the PAXG lookup tool. Please note that customers must to withdraw their PAXG tokens to their own wallets in order to use this functionality.

Paxos also releases monthly attestation reports which can be viewed on their Transparency page.

Learn more:

How do I redeem my PAXG for physical gold?

You may redeem your PAXG for a physical gold bar by initiating a sell request through the Paxos wallet dashboard on the PAX Gold page. For redemption of PAXG into physical gold bars, you will need to have a minimum of 430 PAXG, plus fees, given that London Good Delivery gold bars range from 370-430oz. Please note that Paxos can have the gold bar securely delivered only to vaults in the UK. Paxos maintains strict rules for the redemption of physical gold. Only individuals registered with Paxos as account holders can redeem gold. Other individuals may not redeem gold on behalf of the account holder.

What risks should I be aware of when purchasing PAXG?

The value of gold will fluctuate daily and may be negatively affected by a wide variety of factors including local and global economic conditions, political conditions and social unrest.

Legislative and regulatory changes or actions at the state or federal level may change or affect the use, transfer, exchange and value of PAXG tokens.

There is also a risk that you may not be able to redeem your PAXG tokens if the underlying assets are not made available by the custodian to you, or if the issuer becomes insolvent or otherwise fails.

Learn more:


Cash, credit or crypto?

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

How to buy PAX Gold with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these simple steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountSign up and verify your ID – it only takes a couple of minutes.
Step threeMake a purchaseBuy Bitcoin and more than 60 other cryptos using cash or credit card.
Get the CoinJar app
App store
App Store Rating - Apple
App store
App Store Rating - Google (UPDATED).svg
AppReviews logo
Trustpilot ratings 4 star
TrustScore 4.2 |Trustpilot

Featured In


CoinJar App

All-in-one crypto wallet
Buy, sell, send and even spend your crypto with Australia’s favourite cryptocurrency app.Get the CoinJar app

CoinJar Exchange

With one of the fastest matching engines in the world, CoinJar Exchange is purpose-built for institutions, market makers and professional traders. Features global liquidity, ultra-thin spreads and some of Australia and the UK’s most competitive fees.Explore CoinJar Exchange

Check out these other popular cryptos

Open your CoinJar
App storeApp store

CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.

CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited. We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

CoinJar logo
CoinJarGet the app.