Pax Gold (PAXG) emerges as a pioneering ERC-20 token, introduced in September 2019 by the innovators behind Paxos Standard (PAX). Rooted in the Ethereum blockchain, PAXG facilitates trading across an extensive array of exchanges, presenting a readily accessible avenue for traders to enter the realm of gold investment. The core mission of Pax Gold revolves around elevating the tradability of gold, a physical asset often hindered by its indivisibility and transport limitations. In response to this challenge, Paxos Standard embarked on a revolutionary journey, giving rise to a cryptocurrency underpinned entirely by gold reserves. The heart of Pax Gold's existence lies in its capability to transcend conventional constraints. By leveraging the blockchain and aligning with Ethereum's ERC-20 standard, PAXG empowers investors to seamlessly transact even minuscule quantities of gold, effectively erasing the concept of minimum buy limits associated with this precious commodity.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy PAXG?
PAXG offers a host of compelling features, with transparency taking center stage. The uniqueness of PAXG lies in its direct linkage to tangible, physical gold, wherein each token corresponds to a specific gold amount. This direct correlation assures investors that the value of their stake aligns closely with the gold price. On top of this, Paxos Trust Company diligently carries out periodic audits, assuring investors of the comprehensive accountability of the gold reserves.
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What Can You Do With PAXG?
PAXG allows users to trade, stake or redeem their tokens for high-quality gold bars. These gold bars hold the prestigious accreditation of the London Bullion Market Association and are safeguarded within secure vaults dispersed across the globe. PAXG can be easily bought, sold and traded on platforms like Netcoins.
FAQs
Why is KYC (Verification) required?
Netcoins USA Inc. is a licensed money service business under FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in the US.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy PAXG in the US.