PAX Gold (PAXG) crypto is an ERC-20 stablecoin backed by physical gold reserves in secured London vaults. This article will walk you through, how to buy PAXG on BitKan exchange. Let's get started.
What is PAX Gold Crypto?
PAX Gold (PAXG) is a cryptocurrency that is backed by physical gold, each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in professional vault facilities. It is issued by Paxos Trust Company, a regulated financial institution. PAX Gold utilizes blockchain technology to offer the benefits of physical gold ownership, with the ease and mobility of a digital asset. PAX Gold can be bought, sold, and traded like any other cryptocurrency, while the underlying physical gold is stored and secured by a trusted third-party custody provider.
How To Buy PAXG on BitKan?
You can easily buy PAXG on BitKan exchange. Here is how to buy PAXG on BitKan.
Step 1: Complete KYC (Know-Your-Customer) Verification
KYC is an authentication of the account holder's identity, and you need to complete the authentication before proceeding to buy digital currency in fiat currency.
Start by tapping on your profile on the top left corner of the APP → KYC Verification → Verify Now. Once you have completed Level 1 KYC Verification, you will increase your withdrawal limit to 1,000,000 USDT / 24H. You may proceed to complete Level 2 KYC Verification to increase your withdrawal limit to 2,000,000 USDT / 24H.
Step 2: Buy USDT with Debit/Credit Card
Click on [Buy Crypto] on the BitKan APP Homepage. Next, click on [Express] and enter the amount of USDT you would like to buy. After paying with your Debit/Credit Card, you will receive your crypto in less than 3 minutes.
Step 3: Buy PAXG
Click on [Trade] at the bottom right of the APP. Next, click on [Spot] which is located at the top left of the screen. This is the page where you can buy PAXG with USDT by selecting the trading pair of PAXG/ USDT. Click on the search function on the top left of the screen beside the current trading pair, and enter PAXG in the search box. Next, select your desired trading pair. The final steps would be to enter the amount of PAXG you want to buy and click on Buy PAXG to complete your trade order.
What is PAX Gold Crypto? How To Buy PAXG on BitKan? - hopefully, this article can help you to get some knowledge.
