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PAXG is a virtual currency backed by physical gold, combining the benefits of DLT with the stability of gold. PAX Gold is an ERC-20 token issued on the Ethereum blockchain, representing one troy ounce of a 400 oz London Good Delivery gold bar stored in professional vault facilities. Historically, gold has been a safe-haven asset, rendering a hedge against inflation and economic instability. PAXG offers the same benefits, with the added advantages of a DLT-based asset.
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Credit cards provide a convenient and widely accepted payment method, making it easier for individuals to purchase PAXG. Using a credit card to purchase PAXG enables instant transactions. Many credit cards offer rewards, cashback, or points for purchases. By using a credit card to buy PAXG, investors can take advantage of these perks, effectively reducing the overall cost of their expenditures.
While PAXG is backed by physical gold, it is still subject to market fluctuations. Using a credit card for large purchases can affect an individual’s credit utilization ratio, potentially impacting their credit score. Each PAXG token is backed by one fine troy ounce of a 400-ounce London Good Delivery gold bar stored in Brink’s vaults, and its value is directly tied to the price of gold.
Conventional gold trading involves significant logistical challenges and regulatory hurdles. PAXG simplifies this process by fostering seamless, cross-border TXs. The token can be transferred quickly and securely globally, reducing the time and cost of international gold transfers.
Without a doubt, Switchere.com is a one-stop point for instant crypto exchanges. Here you can buy PAX Gold without ID verification using any credit, prepaid or debit card issued by VISA, Mastercard or Maestro. All you need to do is go through quick registration (a few seconds) and provide some basic information instead of completing standard ID verification. And that is all about it — buy PAXG without verification instantly! How do you like that?