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Pax Dollar Price in India (PAX)

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PAX to INR Converter

As per last price at 00:00:00, 01/01/70

INR

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PAX Performance

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PAX Market Information

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PAX Price Today

The live price of Pax Dollar is ₹ 0 per (PAX / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. PAX to INR price is updated in real-time. Pax Dollar is +0% in the last 24 hours with a circulating supply of .

About Pax Dollar (PAX)

What is Paxos Standard Token ?

Paxos Standard (PAX) is a stable cryptocurrency built on top of the Ethereum (ETH) network. It is linked to the US dollar, which is why it is referred to as a stable coin. Additionally, it is referred to as the digital dollar. The founders of Paxos Standard stable coin created the coin intending to change the financial environment through its ability to conduct fast, flexible, and seamless transactions.

Paxos LLC, previously iBit, was formed in 2012 by three partners:

  • Charles Cascarilla (who serves as Paxos’s overall CEO).
  • Andrew Chang (who serves as Paxos’s Chief Operating Officer).
  • Richmond Two (CEO of Paxos Asia).

The firm is headquartered in two locations: New York and Singapore. The Paxos team launched the Paxos Standard (PAX) stable coin in September 2018.

Primary features of Paxos Standard Token

  • Price stability: Price stability is ensured through the use of the US dollar as the reserve currency.
  • Regulation and security: Paxos Standard Coin is governed by the New York State Department of Financial Services (NYDFS), which oversees the digital asset. Account audits are performed regularly under the supervision of Withum, a US-based auditing firm.
  • Easy access to funds: Transactions, such as purchasing or redeeming, are completed regularly, allowing for greater ease and more efficient cash transfer.
  • Transactional charges: There are no transactional fees.

Is Paxos Standard Token a promising cryptocurrency?

Investors now have a perfect chance to save, invest, transact, and trade without fear of market volatility or unanticipated malpractices.

Additionally, to guarantee the smooth operation of the business, the Paxos team works to maintain a cordial relationship with financial regulators. So, Paxos Standard token cryptocurrency seems like a promising cryptocurrency.

How to use Paxos Standard Token ?

Alternative to traditional currencies: The PAX Stablecoin can be used as a complement to conventional cryptocurrencies.

  • Storing value: PAX Coin is a borderless digital asset that anybody may transfer and keep for the purpose of storing value or wealth.
  • Payment method: Paxos may also be used as a payment method for digital assets and cryptocurrencies based on the blockchain. The majority of businesses that accept cryptocurrency as a form of payment are open to PAX.

Pros & Cons of Paxos Standard Token

Pros

  • Its foundation on Ethereum’s makes it more easy, transparent, efficient, and secure.
  • Its liquidity is high as its users can access it on major exchanges.
  • Periodic audits make their working transparent.
  • The New York Department of Financial Services regulates Paxos Standard. 
  • Funds of customers are held by FDIC-insured banks situated in the United States.

Cons

  • Centralization increases the likelihood of censorship or seizure by authorities in the event of alleged malpractices or violations of terms and conditions.
  • Reduced privacy, as the majority of exchange platforms, require KYC information to conduct big transactions. The same is true when redeeming or purchasing Paxos Standard in fiat.

Trade Paxos Standard Token on CoinSwitch kuber

  • Easy to use and trade interface
  • Start investing in cryptocurrencies at just Rs.100
  • Zero trading fees
  • Get your investments credited to your bank account instantly

FAQs

1. How do I buy Pax Dollar?

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To buy Pax Dollar, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Pax Dollar.

Step 3:

Once you find Pax Dollar and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Pax Dollar?

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The price of 1 Pax Dollar is ₹0.

Note: Pax Dollar prices are subject to change in the future based on market trends.

3. What is the price of Pax Dollar today?

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The current price of 1 Pax Dollar is ₹0.

Note: Pax Dollar prices are subject to change in the future based on market trends.

4. Can I buy Pax Dollar for ₹100?

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Yes! You can buy Pax Dollar for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Pax Dollar in rupees?

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The current value of 1 PAX is ₹0.

6. What is the current trend in Pax Dollar?

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PAX has been NaN% in the last 24 hours.

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PAX to INR Converter

As per last price at 00:00:00, 01/01/70

INR

PAX

TRADE PAX NOW

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