How to Purchase Bitcoin (BTC) using PAX Gold (PAXG)

To buy Bitcoin using PAX Gold, first, find a cryptocurrency exchange that supports the BTC/PAXG trading pair, such as Nexo, YouHodler, Binance or Kraken. Create an account, verify your identity, and deposit your PAXG into your exchange wallet. Locate the BTC/PAXG pair on the trading platform and place an order to exchange your PAX Gold for Bitcoin. If the BTC/PAXG pair is unavailable, you can first exchange PAX Gold for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.