PAX Gold (PAXG) is a cryptocurrency that bridges the gap between traditional gold investment and digital assets. Here is how it is used:

• Tokenization: PAXG tokens are created by tokenizing physical gold, which is stored in secure vaults. Each token represents one fine troy ounce of gold.
• Ownership: When you own a PAXG token, you own the underlying physical gold, which is held in custody by Paxos Trust Company.

• Trading: PAXG tokens can be traded on various platforms, including Ethereum-based wallets and decentralized applications, with a low transaction fee of 0.02%.
• Redemption: Tokens can be redeemed for physical gold (minimum of 430 PAXG) or its equivalent value in fiat currency through the Paxos platform.

• Accessibility: PAXG can be purchased, sold, or traded online, anytime and anywhere, making it more accessible than traditional gold investments.
• Divisibility: Unlike physical gold, PAXG can be divided into tiny fractions, allowing for precise transactions regardless of investment size.
• Secure Storage: The underlying gold is stored in professional-grade vaults, mitigating the risk of theft or loss.
• Transparency and Authenticity: Each PAXG token is backed by a specific amount of physical gold, which is regularly audited and verified, ensuring the real-world value of digital gold holdings.

• DeFi Compatibility: PAXG can be used as collateral on DeFi platforms, allowing users to earn a yield on their holdings.

• Serial Number and Details: Token holders can use the PAXG lookup tool to view details about their physical gold, such as its serial number, value, and other characteristics.

Overall, PAX Gold offers a unique investment opportunity that combines the stability and value of physical gold with the efficiency, transparency, and flexibility of digital assets.

To store PAX Gold (PAXG) tokens, you can use a Ledger hardware wallet. Ledger supports PAXG, which is an ERC-20 token running on the Ethereum blockchain. Here are the steps to store PAXG tokens in a Ledger wallet:

1. Select and Purchase a Ledger Hardware Wallet: Choose a Ledger hardware wallet that suits your needs, such as the Ledger Nano S Plus or Ledger Nano X.

2. Download and Install Ledger Live App: Download and install the Ledger Live app on your desktop or mobile device. This app allows you to manage your assets, check your real-time balance, and track transaction histories.

3. Add a PAX Gold Account: Within the Ledger Live app, add a PAX Gold account by selecting from various providers. This will enable you to manage your PAXG tokens securely.

4. Store Your PAXG Tokens: Once you have set up your Ledger wallet and added a PAX Gold account, you can store your PAXG tokens securely. Ledger hardware wallets store your private keys offline, making them resistant to malicious attacks and threats.

5. Monitor and Manage Your PAXG Tokens: Use the Ledger Live app to monitor your PAXG token balance, track transactions, and manage your digital gold holdings securely and efficiently.

By following these steps, you can securely store and manage your PAX Gold tokens using a Ledger hardware wallet.

To buy PAX Gold (PAXG) tokens, follow these steps:

1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports PAXG, such as Kriptomat, Uphold, Kraken, KuCoin, or Binance.

2. Create an Account: Sign up for an account on the chosen exchange. This typically involves verifying your email address and identity.

3. Add Funds: Deposit funds into your account using a credit card, debit card, wire transfer, or Bitcoin.

4. Buy PAXG: Navigate to the PAXG trading page and enter the amount you want to purchase. Preview the transaction and confirm your purchase.

Additionally, you can also purchase PAXG directly from Paxos.com, which offers a lower cost structure and no storage fees.