What is Paxos Standard (PAX)?

Cointral Marketing Manager
19 Dec 2019
Blog
What is Paxos Standard (PAX)?

As of last year, cryptocurrency investors became very interested in stablecoins. One of these stablecoins is Paxos Standard (PAX). If you would like more information, you can check out our blog.

What is Paxos Standard (PAX)?

Paxos Standard has set its slogan as “Transact at the speed of internet”. Paxos has been developed with the goal of digitizing the US Dollar and transferring money regardless of time or place. PAX is an important stablecoin, because it is fixed to the US Dollar with Blockchain technology.

Paxos serves as a bridge between digital and nominal money. As mentioned above, PAX serves as a stablecoin fully integrated with the dollar. PAX, which provides tremendous trading benefits for cryptocurrency users, is permanently around 1 USD.

It is stated on its website that PAX is a cryptocurrency where no payment fees are charged for transaction, payment and exchange. Another convenience is that there are no limits in purchase and sale transactions and payment channels. PAX was developed in Ethereum Blockchain. It provides the possibility to convert non-stable cryptocurrencies with a cryptocurrency integrated with the dollar.

Advantages of PAX

PAX has many advantages. The four features that draw attention to these are listed below.

  1. It is traded as a fixed coin to protect your digital assets against volatility.

2. It allows you to make cheap and easy transactions.

3. The trading hours of banks in traditional systems are limited. However, PAX also allows you to trade outside working hours.

4. It allows you to easily transfer and pay to all over the world.

Buy Paxos Standard (PAX)

You can visit our Cointral branches to purchase Paxos Standard.You can easily buy it with the support of our expert team. Another way to purchase Paxos Standard Token is to go on Cointral’s online trading network at https://online.cointral.com and make a crypto exchange with credit card. Then, you can trade on the stock exchanges such as OKEx, Binance, Paribu.

With Cointral, you can easily buy Bitcoin, Ethereum, Ripple, Litecoin, Tether, Dash, BNB Coin, Dogecoin, EOS, NEO, Stratis, Bitcoin Cash, Bitcoin SV and more than 1200 cryptocurrencies in addition to Paxos Standard.

Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.