Buy PAXG with UpTradeBuying PAX Gold through Uptrade isn't a self-serve exchange. A dedicated broker handles the complexity from your first question through to settlement into institutional custody.
Buy PAX Gold with a dedicated broker handling the trade from your first question through to settlement into institutional custody.
Register and verify your identity. No experience needed, and nothing to set up yourself. Most accounts are ready to fund the same day.
A dedicated broker walks you through how buying PAX Gold works and answers your questions. No order books, no charts, no guesswork.
Fund in your preferred currency and your broker prepares a live quote, so you know exactly what you're getting before you commit. Larger orders route through OTC execution.
Confirm with your broker and your PAXG settles into institutional custody secured by Fireblocks. Hold it there or withdraw to your own wallet anytime.
General considerations not advice. How you act on them depends on your own circumstances.
PAX Gold tracks the spot price of physical gold it is not designed to be stable in the way a dollar stablecoin is, but it is also not intended to appreciate beyond the price of gold. Its price moves with the gold market, which can rise and fall based on macroeconomic conditions, interest rates, and investor sentiment. Approach it as exposure to gold, not as a speculative cryptocurrency.
General information only, not a prediction or recommendation.
Crypto bought on an exchange typically sits on the exchange's balance sheet. Institutional custody holds your PAXG separately a structural difference worth understanding before you buy.
How custody worksBuying PAX Gold through a broker works differently from a self-serve exchange order book. Understanding how the two differ helps you choose the path that fits how you want to buy.
See the differenceBuying a significant amount of PAXG in one go is well suited to OTC execution. Each token represents a meaningful value one fine troy ounce of gold so larger purchases are best handled with a broker managing the transaction directly.
About OTC tradingPAXGA plain-English look at what it is, how it works, and what it's used for, so you can understand the asset before you buy.
PAX Gold (PAXG) is a regulated, gold-backed digital token issued by Paxos Trust Company a New York State-chartered trust company regulated by the New York State Department of Financial Services (NYDFS). Launched in September 2019, each PAXG token represents legal ownership of one fine troy ounce of a 400-ounce London Good Delivery gold bar, held in LBMA-accredited vaults in London under the custody of Paxos. PAXG is an ERC-20 token on the Ethereum blockchain, making it tradeable, transferable, and compatible with the broader Ethereum ecosystem.
Each PAXG token is backed by an allocated, identifiable gold bar rather than a pooled or synthetic claim. When a client or partner deposits gold or its cash equivalent with Paxos, new PAXG is minted 1:1 against that gold; when PAXG is redeemed, either for cash or for physical delivery, the corresponding tokens are burned and removed from circulation. This mint-and-burn process keeps the token supply matched exactly to the gold held in custody at any given time. Paxos publishes monthly attestations conducted by Withum, an independent accounting firm, confirming that PAXG’s circulating supply matches the gold held in LBMA-accredited vaults. Holders can also redeem PAXG directly for physical gold delivery, though full bar redemption requires a minimum balance of 430 PAXG, reflecting the size of a standard London Good Delivery bar.
PAXG is used primarily as a way to gain exposure to gold prices through blockchain infrastructure, without the physical logistics of storing, insuring, or transporting bullion. It is accessible to investors who want gold as part of their portfolio but prefer the on-chain mobility and 24/7 tradability of a digital asset over traditional gold vehicles such as ETFs or allocated account products. Because PAXG is an ERC-20 token, it can be used in DeFi protocols as collateral, traded on decentralised exchanges, and transferred between wallets instantly without intermediary settlement delays, giving gold a programmability and liquidity it lacks in physical form. It is also used as a hedge within cryptocurrency portfolios, providing gold price exposure that tends to move differently from other digital assets and giving it a diversification role distinct from dollar stablecoins or other crypto holdings.
• 1:1 physical gold backing. Each PAXG token represents exactly one fine troy ounce of an allocated, identifiable London Good Delivery gold bar held in LBMA-accredited vaults in London.
• NYDFS regulated. Paxos Trust Company is a New York State-chartered trust company regulated by the NYDFS one of the most rigorous regulatory frameworks for digital asset issuers.
• Monthly attestations. Withum, an independent accounting firm, conducts monthly attestation procedures confirming that PAXG supply matches the gold held in custody.
• No fixed supply. PAXG supply is dynamic tokens are minted when gold is deposited and burned when redeemed. Circulating supply always equals the physical gold in custody.
AUSTRAC registeredDCE100856266-001Why buy through UpTradeYour assets are held by Fireblocks, the custody infrastructure used by leading global banks and digital asset platforms, using multi-party computation and hardware isolation. Your crypto is kept strictly separate from operational funds.
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