Buy PAX Gold (PAXG) in Ireland With EUR | CoinJar

Buy Paxos Gold (PAXG): This cryptocurrency is like a digital representation of gold stored by a third party.

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 deposit box.

Why buy Pax Gold?

Convenient to trade

You can buy and sell PAXG on cryptocurrency exchanges, just like Bitcoin or Ethereum. This makes it 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.

Protection

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

Transparency

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

How does it work?

Investors can buy PAXG

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 protected 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 investors buy Pax Gold?

If you're interested in gold as an investment but like the convenience of using crypto, PAXG could be a good option. It's a way to combine the “historical investment stability” of physical 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.