The Paxos Standard Token (PAX) is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.

What products support PAX? 

  Send/Receive Trading
  Coinbase             ✔       ✔
  Pro            ✔       ✔
Wallet           ✖️      ✖️

What regions support PAX?

  US NY CAN EU UK DE SG JP
Coinbase    ✔  ✔   ✔  ✔  ✔ ✖️ ✖️ ✖️
Pro    ✔  ✔   ✔  ✔  ✔ ✖️ ✖️ ✖️
Wallet ✖️ ✖️   ✖️ ✖️ ✖️ ✖️ ✖️ ✖️

Crypto to fiat trading pairs

   US UK EU
USD    ✔  ✖️  ✖️
GBP  ✖️ ✖️ ✖️
EUR  ✖️ ✖️ ✖️

Crypto to crypto trading pairs

  USDC USDT BTC ETH
PAX    ✖️    ✖️  ✖️  ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for PAX?

PAX requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts PAX?

PAX is hosted on Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 125,000