On-Chain Transaction fees: Whenever PAXG tokens are sent on Ethereum network, Paxos charges a small 0.02% fee of the amount of PAXG sent on the blockchain. 0.02% on-chain transaction fees are covered by users. For example, if you want to send 10 PAXG from one Ethereum address to another, and you want to ensure that the receiver gets at least 10 PAXG after fees, you should send at least 10.0020004001 PAXG total to cover the cost of the on-chain transaction fee. If you initiated a transfer of 10 PAXG, the receiver would get 9.998 PAXG after fees.
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