How to convert paxg to gold?
I'm interested in converting my PAXG holdings to physical gold. Could someone please explain the steps or process involved in converting PAXG to gold?
How do I know PaXG is fully backed by physical gold?
I want to understand how I can verify that PAXG is indeed supported by actual gold reserves. I need assurance that my investment in PaXG is backed by real gold.
What blockchain is Pax gold PaXG built on?
Pax Gold (PAXG) is built on the Ethereum blockchain as an ERC-20 token, allowing it to be easily transferred between wallets and exchanges while maintaining its peg to physical gold reserves.
Is paxg on ethereum?
PAXG is a gold-backed stablecoin that runs on the Ethereum blockchain. It allows users to trade and hold gold in a digital format, with each PAXG representing one troy ounce of gold stored in a professional vault facility in London.
How is PAXG compared to gold?
I'm curious, how does PAXG stack up against traditional gold? Is it a viable alternative for investors looking to diversify their portfolios with a precious metal asset? Are there any key differences or advantages that PAXG offers over physical gold? Additionally, what factors should investors consider when weighing the pros and cons of PAXG versus gold?