PAXG-HUF price

The Pax Gold is a gold-backed token issued by Paxos Trust Company. Each PAXG represents one fine troy ounce of London Good Delivery gold, stored securely in a vault in the UK. Built on the Ethereum blockchain as an ERC-20 token, PAXG offers fractional ownership, enabling easy trading and digital gold investment with monthly audits ensuring 1:1 backing.

Right now, 1 PAXG is worth Ft .

Right now, 1 Hungarian forint is equal to PAXG.

PAXG is a good solution for anyone wishing to get exposed to the price of gold quickly, without minimum investment amounts and without having to worry about storing the actual metal. Just like gold, investing in PAXG is a good hedge against inflation and fiat currency devaluation over the long term, and can be a safe haven during crisis and uncertainties in the world. However, it is not a productive asset and doesn't generate any income, its only value comes from market demand.

Each PAXG token is backed by an actual fine troy ounce stored securely in a physical vault in the UK, and that reserve is regulated and regularly audited so it can be considered safe. For a more detailed analysis of PAXG's safety, read its rating on bluechip.org.

You never store PAXG in itself. Instead, you store the private key giving you access and control over a PAXG address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send PAXG, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy PAXG with us here from Hungary by sending us bank transfers in HUF, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy PAXG.

You can swap PAXG here against one of the cryptocurrencies that we support, using any self-custodial Pax Gold wallet. For more information, have a look at our step-by-step tutorial on how to swap PAXG.

To cash out PAXG with us, you simply need to transfer your crypto to our address. We'll convert your PAXG in HUF, then transfer the funds to your bank account in Hungary. For more information, have a look at our step-by-step tutorial on how to sell PAXG.