BTC to PAXG conversion chart
Bitcoin to Pax Gold correlation
Technical analysis indicates that there is a weak relationship between Bitcoin and Pax Gold. Despite being so different in nature, BTC and PAXG are correlated and tend to move together. The BTC price shoots up when Pax Gold shows this pattern.
BTC Price Change and Market Cap
Currently, the BTC price is 12.20 PAXG. According to the Bitcoin price chart, the 24-hour change is -1.21%. The total market capitalization of Bitcoin is $79417 with 80943.01 BTC in circulation. In the previous 24 hours, the Bitcoin price hit highs of 12.48 PAXG and lows of 12.09 PAXG.
Bitcoin Price Prediction
Bitcoin is the most valuable cryptocurrency with a market cap of over $170 Billion as of June 2020. BTC is popular for the huge return on investments with a ROI close to 7,000%. Bitcoin price reached a peak of $20,089.00 on December 17, 2017. At the beginning of 2020, the Bitcoin price was $7,207.59 and it grew exponentially for the whole of January. In February, BTC price crossed the long-awaited ten thousand dollar mark. Unfortunately, Bitcoin price plummeted in the following months and BTC touched the lows of $4,656.31 on March 16 alongside the COVID-19 pandemic outbreak.
Technical analysis suggests that by 2025, Bitcoin price will be closer to $100,000. On the other hand, many crypto enthusiasts suggest that Bitcoin will hit the Million Dollar mark in 2025, we want it to happen too. For more detailed Bitcoin price prediction check our detailed analysis below.
Bitcoin Wallets
Don’t have a wallet yet?
If you are looking for a software wallet, pick Exodus, if security is your major priority, choose either Trezor or CoolWallet S. In all these wallets you can track the live bitcoin price as well as other cryptocurrencies. Either way, you will be able to exchange Bitcoin at the best rates with ChangeHero in these wallets.
BTC to PAXG exchange margin
Considering today’s exchange rate, a transaction of 1 BTC to PAXG would result in an output of 12.20 PAXG.
How to convert Bitcoin to Pax Gold
Bitcoin and Pax Gold comparison
Bitcoin was developed by Satoshi Nakamoto in 2009 with the idea of providing a peer-to-peer payment system using blockchain technology. Bitcoin network is decentralized and has 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 Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
What is Bitcoin?
Bitcoin is a blockchain-based digital currency; it is a peer-to-peer version of electronic cash which allows the payments to be made without any intermediaries such as financial institutions. Bitcoin trades under the ticker symbol BTC. Launched in 2009 by Satoshi Nakamoto, Bitcoin is aimed at giving the masses financial freedom and developing a trustless economy.
Bitcoin is the first cryptocurrency based on blockchain technology. BTC remains to be the most popular digital currencies despite the inception of plenty of altcoins. In recent years, Bitcoin price sky-rocketed and captured the attention of many investors all over the world. Many merchants across the globe are now accepting payments in this cryptocurrency.
Some of the advantages of using the Bitcoin include lower transaction fees, high security and decentralization. The impact of this cryptocurrency is so huge that it led to the development of many other virtual currencies often referred to as altcoins. Bitcoin laid the foundation for the much-needed cryptocurrency industry in the past decade.
Bitcoin to Pax Gold price details
BTC to PAXG Conversion Rate and Price
At the moment, the conversion rate for 1 BTC equals to 12.20 PAXG. The 24-hour highest price of Bitcoin in relation to Pax Gold was 12.48 PAXG and the lowest was 12.09 PAXG. In short, BTC price in relation to PAXG changed by -1.21%.
Instantly Exchange BTC to PAXG
On ChangeHero you can instantly exchange Bitcoin to Pax Gold without registrations. You can easily convert BTC to PAXG in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your BTC to PAXG exchange.
BTC to PAXG Best Rate Exchange
In the the Best Rate exchange of Bitcoin to Pax Gold, we search through various exchanges for the BTC to PAXG pair and find the best rate available in the market. We provide you with an estimation of the amount of PAXG you will receive.
As soon as you accept the terms and the BTC is deposited, the exchange will be automatically processed. We remind you that the final amount of PAXG you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of BTC to PAXG.
BTC to PAXG Fixed Rate Conversion
In the the Fixed Rate exchange of Bitcoin to Pax Gold, ChangeHero finds a good rate for the pair BTC to PAXG and fix the rate for up to 15 minutes. In the Best Rate exchange of BTC to PAXG, you will receive the exact amount of PAXG 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 specified PAXG address. ChangeHero is the best place to exchange BTC to PAXG fast and safe at the best rates.
Frequently asked questions
How long does it take to convert BTC to PAXG?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange BTC to PAXG?
No, you do not require an account to swap BTC to PAXG on ChangeHero. There will be no registrations for your Bitcoin to Pax Gold transaction.
Do I need to go through KYC procedures for BTC to PAXG exchange?
There will be no KYC for the BTC to PAXG exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange PAXG to BTC?
Yes, you can instantly exchange PAXG to BTC on ChangeHero.
Buy and sell Bitcoin
Looking to buy Bitcoin? On ChangeHero you can buy BTC with credit or debit card. Also, you can sell your cryptocurrency on ChangeHero for US Dollars and Euro. Give it a try.
