Header banner
Revain logoHome Page

Reviews

Global ratings 27
  • 5
    10
  • 4
    14
  • 3
    3
  • 2
    0
  • 1
    0

Type of review

Revainrating 5 out of 5

A project worth gold!

PAX Gold is an interesting platform to acquiring gold. Through PAX Gold token (PAXG) you can own the underlying physical gold, held in custody by Paxos Trust Company. The token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. You can convert or redeem PAXG for fiat, physical or gold through Paxos platform. A great platform to facilitate the purchase and sale of gold online

Pros
  • Paxos is a reliable company regulated by the New York State Department of Financial Services.
  • Token PAXG can be exchanged for fiat, physical or unallocated gold via the Paxos platform.
  • Extremely competitive fee. For PAXG holders, custody is without fees
  • Token PAXG has high value and nice trading volume diary
  • A large number of exchanges are trading PAXG token. Good partners!
  • Paxos is a project very active on social networks
Cons
  • None until the moment

Revainrating 5 out of 5

Asset backed Gold token

The PAX Gold PAXG is an Ethereum asset backed by real Gold held in secured vaults in England and is issued by Paxos Trust Company. The Paxos Trust Company is an authorized and regulated company by the New York Department of Financial Services which increases it's level of credibility. To add to it's level of transparency, the company is being audited by an external auditing firm monthly to confirm its backing of real Gold. Each PAXG coins is pegged to a ratio 1:1 to a Troy fine Ounce of Gold…

Pros
  • The PAXG is a Gold backed token issued on the Ethereum Blockchain
  • It's issuing company; Paxos Trust is an authorized and regulated company by the New York Department of Financial Services
  • There is a monthly financial audit of the company's gold reserve by an external auditing firm to confirm its backing and real gold value
  • The PAXG can be redeemed for real gold and Fiat in the US and Canada
  • There is no custody fee for holding the tokens
  • Offers low minimum gold purchase of an equivalent value of $20
  • The token can be traded on Binance, Kraken, Bithumb, Hitbtc etc.
Cons
  • Commissions are charged for creating and burning PAXG coins

Revainrating 5 out of 5

PAX GOLD: a digital currency that has a real guarantee in custody

Pax Gold is a digital asset whose main characteristic is that its issuance is backed by the precious metal gold. The coin operates as a token with the PAXG symbology hosted on the Ethereum blockchain and is guaranteed by a legal document of ownership of a physical bar of gold that remains in custody in London in the Brink vault, with prior permission to do so. from the New York Department of Financial Services. PAXG-equivalence and exchange: The PAXG equivalency is 1: 1; that is, 1 PAXG is…

Pros
  • PAXG currency is exchangeable and convertible through exchange platforms at any time worldwide.
  • Their currency is guaranteed by a physical asset guarded by a legally established body.
  • It is the only crypto asset that can be converted to gold
  • Their currency can be exchanged for gold bars, fiat money or other crypto assets.
Cons
  • Users must pay commissions for their operations on the blockchain and for the generation and destruction of PAXG coins.
  • The transfer of physical gold is uncomfortable for those who prefer to convert the currency for the precious metal.

Revainrating 5 out of 5

PAX Gold cryptoasset regulated and exchangeable for physical gold

There are many ways to acquire gold directly or indirectly. PAX Gold is an incredible alternative to acquiring gold online and with support. PAX Gold (PAXG) is a gold-backed Ethereum token launched by Paxos. It is a gold-backed cryptocurrency that we can exchange directly for this precious metal as well. Paxos has distinguished itself within the blockchain industry and has earned the trust of many investors. PAXG offers real physical gold bullion customer benefits with the mobility and…

Pros
  • PAXG is fully accessible as it gives us access to fractional ownership of gold with a low minimum amount equivalent to $ 15.
  • PAXG is listed on several reputable exchanges such as Kraken and this denotes its liquidity.
  • Paxos Trust Company is a state authorized trust company regulated by the NYDFS and this ensures regulatory compliance.
  • Since PAXG is issued by a state-authorized trust company, client protection is guaranteed in case of asset problems.
  • PAXG is subject to periodic financial audits by an external accounting firm to confirm that the tokens maintain 1: 1 parity with London Good Delivery gold.
Cons
  • Those who issue PAXG must comply with court orders, and must freeze assets involved in illegal activities.
  • It has KYC requirements to verify the user in order to buy, convert or exchange PAXG tokens for USD or physical gold.

Revainrating 5 out of 5

PAX Gold (PAXG), is a project of a currency completely backed with physical gold

PAX Gold (PAXG), is a project of a currency completely backed with physical gold, it is created based on blockchain technologies and it operates perfectly from the Ethereum platform, being a currency of high efficiency in the transactions, safe and with good support, also this PAXG token represents an excellent token in which to invest, Since its gold backing guarantees the stability of its value, currently this PAX Gold (PAXG) coin has a positive ROI, its trade and capitalization statistics…

Pros
  • PAX Gold (PAXG), maintains an excellent market capitalization, ranking at Level 124 of the largest capitalized currencies in the market.
  • PAX Gold (PAXG), the statistics of commerce and capitalization, have been maintained with excellent behavior managing to rise, likewise the percentage of ROI is found in +25,36%, benefiting this way to the crypto holders that acquired the PAXG currency, from the beginning of the project.
  • Buy or exchange the PAX Gold token (PAXG), has been really fast, with high optimization and very safe, as it is possible to trade with PAXG, from 18 currency exchange platforms.
  • The total shares of PAX Gold (PAXG), are fully backed by physical gold, and each token is assigned a serial number and can be searched for information about its gold.
Cons
  • PAX Gold (PAXG), is not a currency for mining.

Revainrating 5 out of 5

Is PAX Gold good for investment?

It is a real world asset backed stable-coin created as an ERC-20 token on the Ether blockchain, consolidating the incentive of gold with the mobility of advanced resources. It presents an effective method to purchase, hold, exchange, loan, and move gold without the security, distinctness, and versatility challenges ordinarily connected with gold bars. It gives investors with a similar incentive of physical gold, notwithstanding the liquidity, security, and distinctness of advanced resources…

Pros
  • Paxos has a fruitful history of developing and maintaining after stablecoins.
  • It gives admittance to fragmentary gold possession.
  • It is at present listed on respectable exchanges, including Uniswap and Kraken.
  • As it is given by a state-contracted trust organization, client resources are secured if the organization gets ruined.
Cons
  • Just KYC confirmed users can purchase, convert, or reclaim.

Revainrating 3 out of 5

Pax gold

Gemini crypto exchange has announced that New York users will now be able to trade Compound (COMP), Amp (AMPL), and Pax Gold (PAXG) against the USD. The Winklevoss brothers’ led crypto exchange noted that it worked in collaboration with the New York Department of Financial Services (NYDFS) to receive approval for listing these digital assets. According to the official announcement, active trading of the newly added pairs is scheduled for September 15. This move is quite significant for the New

Pros
  • good for mining gold crypto
Cons
  • it is unpredictable