What is Paxos Standard (PAX) Coin
Paxos Standard is a fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. The Paxos Standard tokens (PAX) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD held in Paxos-owned US bank accounts. It is also the one of three stablecoins approved by Wall Street regulators, alongside GUSD and BUSD.
- Paxos Standard (PAX) is a 1:1 USD-collateralized stablecoin approved by the New York State Department of Financial Services (NYDFS). Paxos, as a company, does not charge any extra fees for the issuance and redemption.
- PAX was designed for multiple use-cases such as peer-to-peer transfers, commerce, trading, and holding.
- Paxos Standard runs on both, Ethereum as an ERC-20 token, and on the Ontology blockchain as a OEP-4 token.
- PAX has been supported by multiple exchanges such as Binance.com (ERC-20 only). PAX is also fully redeemable 1:1 against BUSD on the Paxos website.
How To Buy Paxos Standard (PAX) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Pax coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Paxos Standard coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Paxos Standard (PAX) Coin
Paxos Standard (PAX) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Paxos Standard (PAX) Coin Review
You can learn more about Paxos Standard (PAX) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.paxos.com/pax/ Whitepaper https://www.paxos.com/wp-content/uploads/2019/02/PAX_Whitepaper.pdf Github https://github.com/paxosglobal Medium http://www.medium.com/paxos