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How to buy PAX Gold in 2022 ? – A Step by Step Guide

By Kaela R. 8 min read

The process of buying PAX Gold is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into PAXG or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy PAX Gold

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase PAX Gold (PAXG) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your PAX Gold.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Binance Features

  1. Binance trading has some of the lowest costs in the business.
  2. On Binance, you can trade over 180 cryptocurrencies.
  3. The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
  4. Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
  5. It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
  6. It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.

How to buy PAX Gold on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase PAX Gold (PAXG) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of PAX Gold you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of PAX Gold you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired PAXG in your Binance Spot Wallet immediately.


2. Kraken

Kraken is a well-known cryptocurrency exchange owing to its numerous features and top-tier security. Kraken is a perfect exchange for anybody, whether you are a rookie investor, an experienced day trader, or an institutional customer, since it supports over 50+ cryptocurrencies, 7 fiat currencies, and extra services.

Kraken Pros

  • Low trading fee.
  • Global accessibility.
  • For increased protection, there is a global account lock setting available.
  • Margin trading is available to qualified users.
  • Advanced charting and trading options are offered.
  • Crypto exchange that is completely regulated.
  • Excellent safety and security.
  • A diverse range of digital assets.
  • Crypto futures and margin trading are available.

Kraken Cons

  • For new users, the trading interface may be overly difficult.
  • Account financing may take some time.
  • High deposit and withdrawal fees.
  • There are only a few deposit and withdrawal options.
  • Markets trading platform is only available to expert traders.
  • Deposits via debit/credit card are only accessible in euro.

Getting Started with Kraken

The first step in using Kraken's services is to create a Kraken account.

Step 1: Make sure you're on the official Kraken website.

Step 2: In the upper-right corner, click the Create Account button.

Step 3: On the signup form, provide your email address, a username, and a secure password.

Step 4: Read their Terms of Service and Privacy Policy, check the box that says "I accept," and then click the Create account button.

Step 5: An activation email with an activation key should be sent to you.

Step 6: Enter your activation key on the account activation form, or complete the process by clicking the link in the email.

Step 7: Confirm your password, fill out the captcha if prompted, and then click the Activate Account button to proceed.

Step 8. Congratulations! You have successfully established your Kraken account and are now ready to begin.


3. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

KuCoin Features

KuCoin has grown to become one of the world's largest cryptocurrency exchanges, thanks in large part to the variety of products and services it provides. KuCoin offers a number of benefits that distinguish it from other exchanges; let's have a look at some of the top features below:

  1. Trade costs are extremely minimal at 0.1 percent, with reductions if you pay with KCS.
  2. There are about 370 distinct cryptocurrencies available.
  3. Apps for iOS and Android are available.
  4. Buy cryptocurrency using fiat money.
  5. Only a portion of KYC verification is necessary.
  6. Buy and trade cryptocurrency with ZERO costs on a peer-to-peer marketplace.
  7. Trading in futures and margin.
  8. Earn KCS coins on a daily basis with the KuCoin bonus.
  9. Lending and borrowing in cryptocurrency.
  10. Trading bot for KuCoin.
  11. Bank-level asset protection.

How to buy PAX Gold on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy PAX Gold (PAXG) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for PAX Gold to purchase. To do so, type (PAXG) or (PAX Gold) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the PAX Gold.

4. Enter the amount  of PAXG you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.


Other Exchanges to buy PAX Gold

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy PAXG.

1. Bitrue Join Now
2. Tokpie Join Now
3. Gemini Join Now
4. Crypto.com Exchange Join Now
5. BitGlobal Join Now
6. Binance US Join Now
7. FTX.US Join Now
8. Nominex Join Now
9. HitBTC Join Now

Buy PAX Gold on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy PAX Gold (PAXG) easily.

1. Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

How to buy PAX Gold on Uniswap (v3)

In this section, we'll go through below steps on how to make your first PAX Gold purchase on Uniswap.

Uniswap allows you to buy PAX Gold (PAXG) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).

 

Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.

Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case PAX Gold), You can also search PAX Gold (PAXG) in Coinmarketcap and copy/paste the PAXG contract in uniswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.


2. Serum DEX

The Serum Foundation launched its first DEX on August 2020. Founder Sam Bankman-Fried was a math and computer science graduate of MIT and is the former CEO of Alameda Research. He is also the founder of the popular crypto derivatives exchange FTX.

In addition to the underlying markets, Serum DEX offers around 50 swap pairs. Most major cryptocurrencies are available on the platform, including the BTC/USDT and the SOL/USDC. The most popular exchanges on the platform are the BTC/USDC, SOL/USDC, and BTC/USDT. However, not all trading platforms offer all of these currencies.

The DEX uses a traditional swap system and allows users to add any trading pairs they want.



Conclusion

Choosing the best cryptocurrency platform for PAX Gold (PAXG) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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