Sell PAX Gold in Australia (PAXG)
How to sell PAX Gold in Australia
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1. Create account
Securely create your personal, SMSF or business account and verify your identity.
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2. Deposit
Instantly deposit PAX Gold and other crypto assets 24/7.
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3. Sell PAX Gold (PAXG)
Place a market order or alternatively, use our OTC desk for high-value trades.
There are multiple ways to sell
Market sell
OTC sell
Recurring Buy
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Made for you
Create a personal, SMSF or business account. Access the award-winning platform 24/7 using the website or mobile app.
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Instant deposits and withdrawals
Access the cryptocurrency market 24/7. Instant AUD deposits and withdrawals to and from your bank account.
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Low fees
Trading fees start at 0.5% and go down to 0.02%. Free EFT bank withdrawals. Low fees apply to instant, crypto and SWIFT withdrawals.
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Multi-currency trading
Buy and sell PAX Gold and other popular cryptocurrencies with AUD, NZD, or USD.
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Sell PAX Gold on the go
Buy, sell and track your cryptocurrency portfolio, anywhere and anytime with the Independent Reserve app.
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Protecting your assets is our top priority
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
An insured, enterprise-grade Qualified Custodian holds the vast majority of our clients’ digital assets in cold storage.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Secure custody
An insured, enterprise-grade Qualified Custodian holds the vast majority of our clients’ digital assets in cold storage.
We adhere to industry best practices and never lend or trade your assets.
What is PAX Gold (PAXG)?
Pax Gold (PAXG) is a gold-backed cryptocurrency issued by Paxos. Each token represents one fine troy ounce of a London Good Delivery gold bar, held in professional vaults in London. Because it's tied to physical gold, PAXG moves with the real-time gold price.
Paxos launched PAXG in September 2019. It runs on Ethereum, so it can be traded, transferred and held like any other digital asset, but without the cost of storing or shipping bullion. People use PAXG to hold gold with the flexibility of crypto, buy fractional amounts, and redeem tokens for physical gold. The gold backing is audited regularly.
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