Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy PAX Gold. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

PAX Gold

Australia has a good number of popular and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has PAX Gold. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy PAX Gold in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy PAX Gold

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has PAX Gold in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying PAX Gold, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer PAX Gold.

It’s also possible to take a look at our analysis of the top 10 crypto exchanges If you’re looking to learn more about the exchanges we prefer.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy PAX Gold, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy PAX Gold

The final step is to go to their asset list, find PAX Gold, navigate to the buy section, and then trade your AUD for some PAXG. Once you’ve bought PAX Gold, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy PAX Gold (PAXG)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell PAX Gold

If you’re thinking about selling PAX Gold, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on PAX Gold in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell PAX Gold for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying PAX Gold in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy PAX Gold with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find PAX Gold. Have a look on their site first, you might be lucky.

How to buy PAX Gold with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy PAX Gold with your credit/debit card.

About PAX Gold

Paxos Standard creators Pax (PAX) launched Pax Gold (PAXG), which is a gold-backed cryptocurrency in September 2019. Pax Gold (PAXG), an ERC-20 token, operates on the Ethereum blockchain. It can be traded on multiple exchanges making it easy for traders to invest gold.

Pax Gold's primary goal is to make gold more easily tradeable. It is not possible to make gold more transportable or split it. Paxos Standard has created a cryptocurrency 100% backed in gold. According to the official whitepaper, Pax Gold was created to allow investors to buy unlimited amounts of gold using cryptocurrency. This effectively removes the minimum purchase limit.

Pax Gold is unique in that it has an established commodity backing. ERC-20 tokens are becoming more available for purchase. Pax Gold's primary goal is to make investing in gold more accessible.

According to the official whitepaper "more than USD3.5 trillion" worth of gold is available for investment. Small-time investors cannot access large quantities of this precious metal. Pax Gold can help. Every PAXG token includes a fractional amount of London Good Delivery bars. It is kept in BrinkaEUR (tm), a gold vault that has been approved by the London Bullion Market Association.

Pax Gold gives traders an opportunity to invest in a new way. It combines the security and liquidity of blockchain-based cryptocurrency with that of gold. PAXG inspired many other cryptocurrency developers, and encouraged them create gold-backed tokens.

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