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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.

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.

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