How to Buy PAX Gold (PAXG) in Australia
PAX Gold (PAXG) is a digital token that represents ownership of physical gold stored in secure vaults. Buy PAX Gold on Digital Surge with low fees and instant AUD deposits.
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How to Buy PAX Gold on Digital Surge in 3 Easy Steps
Buying PAX Gold has never been easier. Follow these quick steps to get started.
01.
Create an account
Sign up & verify on your mobile or desktop
02.
Deposit funds
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03.
Start trading
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PAX Gold Price & Market Data
Check out the latest PAX Gold price, stats, and market data.
Stats
- Market cap
- $2.61B
- Circulating supply
- 452.15K PAXG
- Max supply
- —
- 24h trading volume
- $327.42M
- Rank
- #44
- All-time high
- $7,933.33 AUD Jan 29, 2026
- All-time low
- $2,053.10 AUD Nov 18, 2019
About PAX Gold
Pax Gold (PAXG) is a digital asset issued by Paxos that represents ownership of one fine troy ounce of physical gold held in secure vaults, with each token fully backed by allocated gold. It operates on the Ethereum blockchain and is primarily used to provide on-chain access to gold ownership, enabling trading, transfers, and custody within the cryptocurrency ecosystem.
Tokenized Assets
Tokenized Gold
Ethereum Ecosystem
Real World Assets (RWA)
Tokenized Commodities
1 PAXG =
$5,828.54 AUD
-1.56%
What is PAX Gold and How Does It Work?
PAX Gold (PAXG) is a digital asset created by Paxos Trust Company that launched in September 2019. Each PAXG token represents ownership of one fine troy ounce of physical gold stored in London vaults under the custody of Brink’s. Unlike other digital assets, PAX Gold provides direct ownership rights to specific numbered gold bars, which holders can redeem for physical gold or sell back to Paxos.
Built on the Ethereum blockchain as an ERC-20 token, PAX Gold enables users to own, trade, and transfer gold digitally without the traditional complexities of physical gold storage. The platform combines the stability and value preservation qualities of gold with the speed and accessibility of blockchain technology, allowing for fractional ownership and 24/7 trading capabilities.
- Gold-backed tokens – Each PAXG represents one troy ounce of physical gold
- Redeemable ownership – Tokens can be exchanged for actual gold bars
- Ethereum-based – Built as ERC-20 tokens for easy trading and storage
- Regulated issuer – Created by Paxos, a regulated trust company
- Fractional access – Enables small-scale gold ownership without physical storage
Why Buy PAX Gold?
PAX Gold appeals to users who want exposure to gold without the complexities of physical storage, insurance, and security. The token provides a modern way to hold gold that can be traded 24/7, transferred globally in minutes, and stored digitally alongside other cryptocurrencies. Its regulatory compliance and backing by a trusted custodian make it attractive for those seeking a reliable bridge between traditional precious metals and digital assets. The ability to redeem tokens for actual gold bars also provides real-world utility beyond digital trading.
PAX Gold Storage Tips
How to Store PAX Gold Securely
After purchasing PAX Gold, you can store it securely in your Digital Surge wallet for easy access and trading. For additional security, you can transfer your PAXG to:
Ethereum-Compatible Wallets
Store PAXG in any ERC-20 compatible wallet like MetaMask, Ledger, or Trezor hardware wallets.
Exchange vs Self-Custody
Keep trading amounts on exchanges but store larger holdings in personal wallets for security.
Backup Your Keys
Always backup wallet seed phrases securely as PAXG tokens cannot be recovered without them.
Frequently Asked Questions
Yes, buying PAX Gold in Australia is legal. Digital Surge is registered with AUSTRAC, complying with Australian anti-money-laundering and counter-terrorism-financing requirements for cryptocurrency exchanges.
Yes, Australians can buy PAX Gold on Digital Surge. The platform supports PAXG trading with AUD pairs, making it accessible for Australian users to purchase gold-backed tokens directly with Australian dollars.
Yes, PAX Gold tokens can be redeemed for physical gold bars. Paxos allows holders to exchange their PAXG tokens for allocated gold stored in London vaults, providing real ownership rights to the underlying precious metal.
PAX Gold is backed by physical gold stored in secure vaults, with each token representing ownership of actual precious metal. This provides tangible value backing and redemption rights that most other digital assets lack.
We offer low and transparent trading fees starting from 0.1%, with no hidden costs. View our fee structure here.
You can deposit AUD instantly using PayID or via bank transfer — both with zero deposit fees. Most PayID deposits arrive in under 60 seconds.
Yes, in compliance with Australian regulations, all users complete a quick identity verification. Most verifications are approved within minutes, so you can start trading fast.
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