Is Paxos gold safe?

Is PAX Gold safe? Yes . Paxos, the custodian behind PAX Gold, is regulated by the New York State Department of Financial Services (DFS). The currency is also backed by gold that is kept behind the world’s most secure vaults.12 Tem 2021

How does Paxos Gold work? Paxos Gold runs on the Ethereum blockchain, and its transactions operate according to the smart contract rules set forth by that network . The company charges a small fee for the creation and destruction of PAXG tokens (around 0.02%).

Paxos is a qualified custodian and certified Trust Company regulated by the New York State Department of Financial Services. Our trust certification covers both our digital asset custody and our exchange – making us the safest, lowest-risk option available .