PAXG · GOLDPAX Gold
Each token = one fine troy ounce of London Good Delivery gold stored in Brink's vaults.
Price
$4,366
24h
+0.5%
About PAX Gold
What is PAX Gold?
PAX Gold (PAXG) is a digital token where each unit represents one fine troy ounce of 400-oz London Good Delivery gold, held in Brink's vaults in London. It's issued by Paxos Trust, a regulated financial institution that publishes regular third-party audits confirming every PAXG token is backed by physical gold.
PAXG combines the stability and intrinsic value of gold with the flexibility of a digital asset. Because it's an ERC-20 token on Ethereum, you can send it anywhere in the world in minutes, trade it 24/7, and fractionalize it: buy a fraction of an ounce for as little as $10. No storage fees, no vault management.
Investors buy PAXG as a way to hold gold without physical storage concerns. It offers the inflation hedge and historical stability of gold with the instant liquidity of crypto. Particularly appealing for portfolio diversification: gold typically moves inversely to riskier assets, making it a natural hedge.
At a glance
- Launched
- 2019
- Issuer
- Paxos Trust
- Backing
- London Good Delivery gold
- Custody
- Brink's vaults, London
- Network
- Ethereum (ERC-20)
- Audits
- Monthly by WithumSmith+Brown
Price
PAX Gold tracks gold spot
+8.2%past 30 days
Each token tracks the spot price of physical gold.
Market Cap
$1.1B
Backing
412k oz
All-time high
$5,623
24h Volume
$68M
Where to buy
Find a Bitstop with PAX Gold near you
PAX Gold is available at over 2,500 Bitstop kiosks nationwide. Use the location finder to discover the nearest ATM that supports PAX Gold.
Your wallet
Grab a wallet
Any wallet that generates a receive QR code works at a Bitstop ATM. New to crypto? Exodus takes a few minutes to set up.
Recommended for PAXG
MetaMask
ERC-20 compatible, best for DeFi
Exodus
Mobile + desktop, easy setup
Use any wallet that supports PAXG. The ATM scans your receive address. That's all it needs. Hardware wallets like Ledger work too: open the companion app and scan the receive QR.
Pair it with the Bitstop App
Register once, track transactions, and find ATMs on the go.
Frequently Asked Questions
Can I redeem PAXG for physical gold?
Yes. Paxos allows holders of full whole-ounce amounts to redeem PAXG for the underlying physical gold bars (London Good Delivery, ~400 oz each). For practical purposes, most holders trade rather than redeem.
Where is the gold stored?
Brink's London vaults: one of the most secure precious-metal storage facilities in the world. Each PAXG token is mapped to a specific gold bar with a published serial number, weight, and purity.
Is PAXG safer than holding physical gold?
Different risks. Physical gold: storage, insurance, theft, illiquidity. PAXG: smart contract risk, custodian risk (Paxos), banking access for fiat conversion. Many investors hold both for different reasons.
Does PAXG track gold price perfectly?
Very closely. Trading premiums or discounts are usually within 0.5–1% of spot gold. Because each token is fully redeemable for physical gold, arbitrage keeps the peg tight.