Live Paxos Standard Token to Bitcoin price
Currently, 1 PAX equals to undefined BTC. In the last 24 hours, the conversion rate for PAX to BTC was highest at 0.000032 BTC and the lowest was 0.000031 BTC.
Chart PAX ke BTC
Paxos Standard Token to Bitcoin correlation
Paxos Standard Token is a stablecoin whose price remains the same, which is $1, regardless of the market conditions. Bitcoin is a cryptocurrency whose price depends on the supply, demand and other market conditions. There is no correlation or any strong relationship between Paxos Standard Token and Bitcoin.
PAX to BTC exchange margin
The closing conversion rate for PAX to BTC yesterday was 0.000031 BTC. Considering today’s exchange rate, a transaction of 1 PAX to BTC would result in an output of undefined BTC. Today, you will receive 0.000031 BTC less to your wallet.
How to convert Paxos Standard Token to Bitcoin
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Paxos Standard Token and Bitcoin comparison
Paxos Standard is a stablecoin launched in 2018 by Paxos, a financial institution based in New York. Paxos Standard is backed by the traditional fiat currencies like USD in the ratio 1:1 which make its value stable all the time and 1PAX equals to $1. It was launched amidst the Tether controversy in which USDT was criticized for issuing tether out of thin air in 2018 without a proper backing by the assets. Paxos aims to resolve this by holding the collateral in FDIC-insured banks and also publishes reports of audits conducted. To add an extra layer of authenticity, Paxos is certified by the New York State Department of Financial Services. PAX is an ERC-20 token and can be used for cross-border transactions, making payments at merchants and also as a store of value.
Bitcoin was developed by Satoshi Nakamoto in 2009 with an idea of providing a peer-to-peer payment system using the blockchain technology. Bitcoin network is decentralized and an immutable record of transactions. The sole purpose of Bitcoin is to enable a means of payment system for people to transact value without any middlemen.
PAX and BTC are popular in the cryptocurrency market. PAX has a total market cap of 244644593 USD with a circulation supply of 244951954 PAX. BTC has a market cap of 600509023934 USD with 18610887 BTC in circulation.
Paxos Standard Token to Bitcoin price details
PAX to BTC Conversion Rate and Price
Currently, the conversion rate for 1 PAX equals to undefined BTC. The 24-hour highest price of Paxos Standard Token was 1.001 USD and the lowest was 0.999 USD. In the same period, Bitcoin hit highs of 32830.58 USD and lows of 31149.73 USD. In short, PAX price fell by -0.21087% and BTC decreased by -2.179114%.
Instantly Exchange PAX to BTC
On ChangeHero you can instantly exchange Paxos Standard Token to Bitcoin without signup. You can easily convert PAX to BTC in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your PAX to PAX exchange.
PAX to BTC Best Rate Exchange
For the the Best Rate exchange of Paxos Standard Token to Bitcoin, we search through various exchanges for the PAX to BTC pair and find the best rate available in the market. We provide you with an estimation of the amount of BTC you will receive.
As soon as you accept the terms and the PAX is deposited, the exchange will be automatically processed. We remind you that the final amount of BTC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of PAX to BTC.
PAX to BTC Fixed Rate Conversion
For the the Fixed Rate exchange of Paxos Standard Token to Bitcoin, ChangeHero finds a good rate for the pair PAX to BTC and fix the rate for up to 15 minutes. In the Best Rate exchange of PAX to BTC, you will receive the exact amount of BTC which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned BTC address. ChangeHero is the best place to exchange PAX to BTC fast and safe at the best rates.
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Buy and sell Paxos Standard Token
Are you looking to buy Paxos Standard Token? Now, on ChangeHero you can buy Paxos Standard Token with credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.