Where to Buy Paxos Standard (PAX)?
Paxos Standard (PAX) is quickly becoming one of the most sought-after coins in the crypto space, and investors are starting to ask where to buy Paxos Standard in a quick and efficient way, while the token is still undervalued.
After reading this article, you will know everything there is to be known about Paxos Standard. You will learn not only what is PAX and what makes this coin so unique, but you will also discover how to buy Paxos Standard using the most problem-free method available.
What is Paxos Standard
Paxos Standard is definitely one of the most exciting stable coins on the cryptocurrency market. It has already established a significant position in the blockchain ecosystem, as it is currently ranked #60 on CoinMarketCap. But as the daily volume of PAX traded keeps rising rapidly, many people start to believe the coin is still undervalued, and are looking how to invest in Paxos Standard before the market capitalization rises.
Paxos Standard (PAX) is a stablecoin, which means that it combines the stability of the US Dollar with the efficiency provided by blockchain technology. Paxos Standard tokens are purposely designed with simplicity in mind: in exchange for $1, 1 PAX is issued. Similarly, 1 PAX can always be exchanged for $1 USD.
Paxos Standard was designed to, for all purposes, serve as a digital dollar, providing the ability to quickly transfer value. Just like with the other stablecoins, stability is the core feature of PAX. However unlike the competitive coins, Paxos Standard also aims to provide its users with maximally fast transactions.
The combination of stability with the ability to transfer value instantaneously, anywhere in the world and at any time of any day, is the reason why PAX has become so popular amid crypto investors. It’s a project that perfectly understands the needs of blockchain enthusiasts, and does everything to fulfill these needs to the maximum.
Paxos Standard is already a coin with extensive real life use cases: it provides a safe haven from crypto-asset volatility, removes cross-border transaction fees, and allows people to easily move value between cryptocurrencies and make payments for the purchases of other blockchain-based assets. As new functionalities are added to PAX, crypto enthusiasts are understandably trying to find out how to invest in Paxos Standard in the most problem-free way possible so that they don’t miss this opportunity.
1. Finding where to buy Paxos Standard (PAX)
While buying an established cryptocurrency like PAX, choosing the right exchange may turn out to be the hardest part of the investing process. Since Paxos Standard is available on over 100 exchanges, it would take weeks for a demanding investor to check all of them and pick the best one that guarantees efficiency combined with security and privacy.
Luckily for you, for the purposes of this guide we did all the hard work ourselves, and we analyzed most of the cryptocurrency exchanges that provide PAX support, in order to find out which one of them enables investors to purchase Paxos Standard most easily. The criterion was simple: the best exchange has to be able to provide a user with the ability to buy PAX in the least amount of steps.
Although most of the exchanges with PAX support either require the user to go through a lengthy verification process that can take days, or don’t provide a high level of security and privacy, one exchange stands out from the rest. The exchange we talk about is Coinuma. This exchange specializes with providing support for innovative, highly sought-after cryptocurrencies like PAX, all while allowing the users to buy crypto in a maximally problem-free way.
2. Registering an account on Coinuma
You don’t have to worry about the hardest part of purchasing Paxos Standard — choosing the best exchange. All you have to do now is go to Coinuma.com, and click “Sign up”. Fortunately, the registration process on Coinuma takes just moments, so there’s no need to be concerned about a verification process that takes far too long.
Coinuma is an exchange that fully respects the core blockchain ecosystem values of security and privacy. You won’t be asked to disclose any vulnerable, personal information such as your bank account or social security numbers. The only thing you need to provide is your email address, since it is needed to finalize the registration process.
After typing in your email address and setting up a password, the only thing that remains is going to your email account and clicking the confirmation link. And that’s it — the registration process took seconds, and you can now enjoy the full power of Coinuma.
3. Depositing funds on your Coinuma account
Before you will be able to purchase PAX on Coinuma, you will first need to fund your account. Since Coinuma allows you to buy Paxos Standard with either Bitcoin (BTC) or Tether (USDT), you will need to either deposit one of these coins directly, or fund your account with another crypto of your choosing, that you will later convert to BTC or USDT.
Depositing funds on your Coinuma account is as easy as the registration process. Go to your balance page on the Coinuma exchange, choose which crypto you want to deposit, and send the desired amount of coins from your wallet or from another exchange to the address displayed. Funds should appear on your account shortly, and the exact time depends on the cryptocurrency that you have transferred.
As Coinuma is strictly a crypto-dedicated exchange, you won’t be able to purchase PAX unless you are already a cryptocurrency owner. In case that you don’t own any crypto yet, you will have to buy Bitcoin, Tether or another coin of your choice that is supported on Coinuma. You will find the full list of supported cryptocurrencies here: https://coinuma.com/assets
If you already have either BTC or USDT on your Coinuma account, you can move on to the next step. If you have deposited another cryptocurrency, first go to the Bitcoin trading page, type in the amount of Bitcoin you want to purchase, and confirm the transaction. Of course you can choose to buy Bitcoin instead of Tether, but in this guide we will be using the example of Bitcoin. Take note that purchasing PAX looks identical whether you do it with BTC or USDT.
4. Buying Paxos Standard on Coinuma
Now that all formalities are done, you won’t have to worry how to purchase Paxos Standard for much longer. The exact process of buying PAX is as easy as all the previous steps, and finalizing the purchase of PAX will only take moments.
To buy Paxos Standard with Bitcoin, go to the PAX/BTC trading pair page on the Coinuma exchange. You can either type in “PAX” or “Paxos” in the exchange’s search bar and click the result, or go to the trading pair directly by clicking the link: https://coinuma.com/exchange#PAXBTC
Buying Paxos Standard on Coinuma is really easy. The only thing you have to do is choose the exact amount of PAX you want to buy, or the amount of BTC you want to spend. After you have decided on the transaction amount, you have to confirm the purchase. And that’s all! You have just become a PAX investor and you no longer have to worry how to buy Paxos Standard.
5. Securing your PAX tokens
The last step is optional: since you are now a Paxos Standard owner, you may choose whether you want to keep your PAX tokens on Coinuma so that you can trade them in the future, or if you’d rather send your Paxos Standard to a wallet for long-time holding.
Since PAX is an ERC-20 (Ethereum) token, it is supported by a large number of wallets, so you can choose the one that you prefer the most. The actual process of withdrawing crypto from Coinuma is very easy — just type in your wallet address, set the amount of tokens you want to withdraw, and confirm the transaction.
After reading this step-by-step guide on where to buy Paxos Standard (PAX), you have all the necessary knowledge to become an owner of PAX tokens. It’s a well established cryptocurrency built on solid fundamentals that will likely continue to grow in market capitalization in the future. What’s most important is the fact that you were able to invest in PAX in an efficient, problem-free way — without the need to deal with a lengthy verification process or other unnecessary obstacles.
In the crypto community, the ability to quickly grasp the opportunity as soon as it arises is crucial. Investors are constantly looking for exchanges with the optimal design that provide them with the ability to make fast and secure cryptocurrency purchases. Fortunately, thanks to Coinuma you don’t have to worry about how to buy Paxos Standard or any other promising coin quickly and efficiently ever again.