Storage fees: Paxos does not charge gold storage fees to its customers at this time.
Creation and Destruction fees: Whenever you buy or sell PAXG from your Paxos account (on either the wallet dashboard or PAX Gold pages), Paxos charges small fees to process both the creation and destruction of PAXG tokens (see fee schedule below). This includes all sales or conversions of PAX Gold to or from USD, gold bars or unallocated gold.
These fees do not apply when purchasing & selling tokens through our exchange order book or anywhere else outside the Paxos wallet. If you wish to purchase or sell PAXG through our exchange order book your trades may be subject to applicable trading fees.
Creation & Destruction Fee Schedule:
|
Amount of PAX Gold Tokens. |
Estimated USD* (based on August 2020 market value of roughly $2,000/oz) |
Creation & Destruction Fee applied whenever PAXG is converted or redeemed for USD, USDP, unallocated gold or gold bars |
|
0.03** < 2 |
$60 – $4K |
0.02 PAXG minimum fee |
|
2 < 25 |
$4K – $50K |
1.000% |
|
25 < 50 |
$50K – $100k |
0.750% |
|
50 < 75 |
$100K – $150K |
0.500% |
|
75 < 200 |
$150K – $400K |
0.250% |
|
200 < 800 |
$400k+ |
0.150% |
|
800+ |
$1600k+ |
0.1250% |
*Fee percentage is calculated based on PAXG tokens; USD is included in this chart as an estimate for reference only
**The minimum purchase amount is 0.03 PAXG which includes PAXG fees