Did you know you can buy crypto coin PAXG in India using INR? No more hassles dealing with USDT or confusing dollar prices, one simple process to register and start buying PAXG in India directly from your Indian Bank account.
Even though there are multiple Indian exchanges, I have personally tried and tested all of them – ZebPay, Binance and WazirX and found the fastest one was the WazirX crypto exchange.
WazirX is just another wallet like Paytm and Mobikwik but it allows you to buy Cryptocurrency in India directly using the funds in your wallet. It’s very similar to trading stocks if you use apps like Zerodha/Upstox.
After registration, you will need to verify your profile by uploading basic documents like your Pancard and an identity card like Aadhar Card/Driving License or Passport. It only takes a few minutes to verify your profile(up to a few hours max) after which you need to add a bank account to your WazirX account.
Add one or more bank accounts to your WazirX account from which you want to transfer the money to your wallet.
(NOTE: You can currently only transfer funds from the bank account that you have added to your WazirX account.)
After adding your bank account, you can transfer the money using UPI or NEFT/IMPS transfers to transfer the money from your bank account to your WazirX account to buy AVAX token.
Voila! Within a few minutes, you will have the requested funds available in your WazirX account. Now, you can use these funds to buy the PAXG token.
Congrats! Now, you are a proud owner of AVAX token. HODL it to the moon! 😀
What is a PAXG Token?
PAX Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
You can use any bank accounts such as HDFC bank, ICICI bank, SBI debit card, IndusInd bank, AXIS credit card, Indian Overseas Bank, Punjab National bank, HSBC Bank, IDBI bank or any of your favourite banks.