What Is PAXG and how to get an instant crypto loan?
PAX Gold, release by the Paxos Trust Company in 2019 is the first crypto-asset backed by and redeemable for real gold. Paxos is a fully regulated financial institution that has approval by the New York State Department of Financial Services (NYDFS). Hence, PAXG is the very frist regulated digital gold token. Paxos has past experience dealing with asset-backed tokens as the Paxos Standard (PAX) is allegedly the most liquid regulated dollar-backed stablecoin.
Pros and cons of PAXG
PAXG has a wide variety of advantages backed by it’s reputable company. However, it’s always important to do your due diligence before buying any asset. So here are a few pros and cons to get you started.
Pros:
- The power to own and trade real London Good Delivery gold bars
- Fully regulated
- Quick and easy access to the gold market
- Low minimum investment (0.01 PAXG)
- Free gold storage in the worlds’ most secure vaults
- No need to own a full bar. Fractional ownerwship available (divisible to 18 decimal places).
Cons:
- While more stable than cryptocurrency, the value of gold can infact fluctuare wildly.
- Increased deman for gold means more mining which is potentially bad for the environment.
How to get an instant PAXG loan on YouHodler
Do you have PAXG but don’t want to sell it? We get it. That’s why YouHodler lets you use PAXG as collateral for an instant loan. Simply sign up, pass our simple KYC/AML procedure and deposit PAXG to your new, personal PAXG wallet.
AFter that, you simply choose which fiat currency you’d like your loan in (PAXG to USD, PAXG to EUR, PAXG to CHF, PAXG TO GBP). The loan process is 100% automatic and you can choose from a variety of loan plans featuring fair fees and an industry best 90% loan to value ratio.
So don’t sell PAXG. Expand your portfolio right now with an instant PXG loan and benefit from its future growth.
How to borrow Paxos Gold - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow PAXG, you first must convert one of the above to fiat and convert it to PAXG using our exchange service.
Paxos Gold loan calculator
You can use our PAXG loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Paxos Gold, please check the calculator first to see which plan works best for you.
Paxos Gold lending process
Paxos Gold lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future PAXG loans.
It's worth trying! Forget selling your
Paxos Gold
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.
