Paxos Standard Logo

Paxos Standard

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading Paxos Standard

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Binance Logo

Binance

4.19 based on 1983 votes
CoinJar UK Logo

CoinJar UK

4.06 based on 285 votes
KuCoin Logo

KuCoin

4.06 based on 838 votes

Spend

Want to leave your cash at home? These cards support Paxos Standard.

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Club Swan Card Logo

Club Swan Card

4.26 based on 57 votes
Crypto.com Visa Card Logo

Crypto.com Visa Card

3.4 based on 313 votes
SpectroCoin Card Logo

SpectroCoin Card

2.59 based on 124 votes

Shop

So you've made a little Paxos Standard and now you want to spend it? These are the places to do it!

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NOWPayments Logo

NOWPayments

4.53 based on 74 votes
1xBit Logo

1xBit

4.4 based on 10 votes
Booking.com Logo

Booking.com

4 based on 1 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Paxos Standard.

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Ledger Nano X Logo

Ledger Nano X

4.27 based on 15 votes
SpectroCoin Wallet Logo

SpectroCoin Wallet

3.74 based on 67 votes
CoinSpace Wallet Logo

CoinSpace Wallet

4.13 based on 38 votes

Review

Learn more about Paxos Standard.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Paxos Standard.

On September 10, 2018, a New York based blockchain company called Paxos announced their release of a stablecoin called Paxos Standard (PAX). Similar to Tether, a fully USD-collateralized cryptocurrency. Paxos on the other hand has been regulated and approved by New York State Department of Financial Services.

Gemini Dollar, a similar USD-tethered cryptocurrency, backed by the Winklevoss twins, came out on the market during the same period. The Winklevoss twins, as you may know have bigger hype than Paxos. So, the release of Paxos became somewhat overshadowed by this fact. However, Paxos Standard has still become one of the fastest adopted cryptocurrencies out there. Within the first five weeks of existence, the stablecoin was supported by over 20 exchanges and OTC desks.

Paxos’s platform combines distributed ledger technology with the regulated trust status it has, to minimize settlement risks. Basically, they operate on the formula: Regulated Trust + Blockchain Technology = Modern Settlement Platform.

The principle behind creating this platform has many benefits to it, and the rationale can easily be explained. The simple fact of being a regulated trust, makes Paxos legally eligible to transfer assets and currencies. Combining that permission with blockchain technology, speeds up transactions immensely, while at the same time enjoying the stability and security that blockchains offer. The risk therefore becomes minimized. Thus, businesses and financial solutions will become much more scalable and safe.

Even though the Paxos Trust has been around for more than 6 years, their blockchain initiative is fairly new. This can bring some doubts as to wether their solution will be successful and scalable over time. However, the team has created a very solid value proposition and product market fit. The real strength of course, lies in being legally regulated and the USD-collateralization that they have created with supporting financial institutions. That alone, should propel this project in to a high-end scalable use-case segment, and that is something unique and important for blockchain projects nowadays.

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Finally, if you have concluded that this is the coin for you, congratulations! Buy Paxos Standard here.

Good luck!

Paxos Standard Review
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