Gold’s (XAU) impressive performance amid renewed tariff tensions – evident in its surge to an all-time high of $4,374 – has captured the attention of investors worldwide, many of whom are now exploring smarter, and perhaps, more effective ways to gain exposure to the precious metal.
Among such ways increasingly gaining traction now is investing in tokenized gold tokens like PAX Gold (PAXG) and Tether Gold (XAUT) that give investors the opportunity to benefit from the metal’s upside momentum along with the added advantages of blockchain-powered speed and transparency.
PAXG Token, for instance, is an ERC-20 token issued by the Paxos Trust Company. It is backed 1-to-1 by one fine ounce of London Good Delivery gold, giving investors 24/7 access to the metal without the need for physical storage.
So, if the goal is to buy gold through PAXG – especially in light of gold’s rally to a record-breaking level of $4,374 – the best place to do so is Best Wallet.
What is PAX Gold?
PAX Gold has emerged as one of the most convenient ways to gain exposure to physical gold in today’s evolving financial landscape.
Each PAXG token represents one fine troy ounce of London Good Delivery gold securely stored in LBMA-accredited vaults. This 1:1 backing ensures that every holder owns a legally recognized claim to real, physical bullion without the limitations or storage costs associated with traditional gold ownership.
The asset’s transparency and accessibility have made it particularly appealing to both institutional and retail investors. PAXG’s smart contract framework allows for fractional ownership, making gold investments more accessible than ever. In addition, holders can verify their token’s serial number and corresponding physical bar, reinforcing trust through verifiable proof of reserve audits.
The renewed global appetite for gold adds further weight to PAXG’s appeal. With the yellow metal trading above $4,300 per ounce and reports of a gold rush in Vietnam, as noted by analyst Jesse Cohen, investors appear to have found a safe haven amid market uncertainty.
In this environment, PAXG offers a seamless bridge between traditional commodities and digital finance, ensuring seamless exposure to one of the world’s oldest and most trusted assets.
Why Best Wallet is the Most Convenient Place to Buy Gold With Crypto
As XAU continues to steal the show for its resilience amid global market uncertainty, investors eager to ride the momentum are flocking to Best Wallet to buy PAXG.
Best Wallet, which went live in August 2024, quickly rose through the ranks to become a favorite among both newcomers and experienced investors alike owing to its mobile-only, feature-rich, and intuitive ecosystem.
One of the standout attributes that makes Best Wallet a compelling choice for crypto users around the world is its non-custodial model. This not only strengthens its security but also allows investors to fully access their assets, including PAXG 24/7 on-chain.
It also comes with a sleek and responsive UI that makes it relatively easy for newbies in the industry to quickly gain exposure to thousands of cryptocurrencies. At the same time, the wallet is not bound by KYC requirements like centralized exchanges, meaning users’ personal and financial information remains protected.
One more advantage is that it features a comprehensive suite of trading tools that allow investors to effectively manage and grow their portfolios. Those looking to take advantage of gold’s bullish charge through PAXG, for instance, can buy the asset through fiat or crypto-to-crypto swaps.
Thankfully, it also supports multiple blockchains, including Bitcoin, Solana, Base, Binance Smart Chain, Polygon, and even Ethereum. Considering that wrapped versions of the ERC-20 token are available across other blockchains, including Binance Smart Chain and Solana via Wormhole, investors can conveniently gain exposure to digital gold on Best Wallet through any of the networks of their choice.
Beyond that, Best Wallet features multiwallet functionality, allowing users to connect other wallets to it, and manage all their assets from one app, instead of juggling multiple ones. Finally, it has its own token launchpad, allowing investors to browse new and upcoming cryptos that have not yet been launched and invest in them early.
How to Buy PAX Gold on Best Wallet
As earlier mentioned, when it comes to where to buy PAXG, the easiest place to do it is the Best Wallet app. It is downloadable from the Apple App Store or the Google Play Store.
The app installation is like a breeze, and all users need to do is create a wallet account using a valid email and password – no lengthy forms, identity verification, nothing!
The next thing is to proceed to the Trade tab, where options such as Buy, Send, Swap, Receive, and History exist. Tap the Buy option to see the list of all cryptocurrencies available in Best Wallet, enter how much PAXG you wish to purchase, which payment method to use, and submit.
The wallet will calculate the price automatically, and all that remains is to confirm the purchase. The current PAX Gold price is approximately $4,232, but the value changes constantly, so it might not be the same when you decide to buy it.
Should Investors Buy Gold on Best Wallet?
With crypto and stock markets still reeling under the pressure of Trump’s disruptive trade war threats, investors are now seeking solace in gold, with digital versions gaining increasingly strong traction.
Popular market analyst Brandon Hong, in a live stream, described both gold and silver as generational buys, stressing that he is now all in on metals.
Take, gold, for instance – its performance has been nothing short of impressive in recent days. After consolidating below $4,200, it surged past resistance to hit $4,365 per ounce, reflecting strong investor demand. The breakout marks a technical shift, with key support now between $4,250 and $4,300. A sustained close above this zone could open the path toward $4,400.
Silver (XAG) advanced as well, trading near $53.55 per ounce after briefly touching $54.86 earlier in the week. Brandon describes the rallies as clear evidence of metals’ enduring role as safe havens, especially during periods of economic uncertainty.
And as capital rotates from riskier assets like cryptocurrencies to metals, he expects both gold and silver to sustain their bullish trajectory. Therefore, tokenized versions of these assets, especially PAXG, XAUT, and XAG could serve as valuable additions to investors’ portfolios.
Right now, only PAXG is accessible on Best Wallet, though the roadmap suggests the listing of XAUT and XAG could happen soon. For now, those seeking exposure to tokenized metals can start with PAXG while keeping an eye on upcoming listings.
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