Paxos Standard Token (PAX)
Paxos Standard Token (PAX) is a cryptocurrency that combines US dollar stability with the efficiency of blockchain technology. The cryptocurrency provides instant deposits to your online casino operator. PAX is a stable coin that is partnered with the US dollar. The currency is fully regulated by the New York State Department of Financial Services. The digital currency is one of the largest cryptocurrencies by market capitalisation. Paxos Standard Token is an ERC-20 token built on the Ethereum blockchain. Although PAX isn’t as widely available as the likes of Bitcoin or XRP, there are still many crypto-friendly online casinos that accept Paxos Standard Token as a payment option.
Casinos with Paxos Standard Token (PAX)
- Paxos Standard Token (PAX)
Paxos Standard Token (PAX) was born in 2012, making it one of the most established cryptocurrencies. It was fully regulated in 2015 and has since gone on to be a popular choice for many crypto users. The stable coin does not have the volatility that many other cryptocurrencies have, this currency’s value remains 1 for 1 with the US dollar. The company sells itself as “the first regulated Trust company with blockchain expertise”. Using the Paxos Standard Token to fund your online gaming account provides lots of benefits, including swift transactions, unbeatable security and more. The cryptocurrency is widely available on many online crypto exchanges.
You can still claim a bonus offer when you make a deposit using the Paxos Standard Token cryptocurrency. There are many variations of bonuses that you can claim, you can grab a welcome offer which is usually the most generous, or a regular match bonus, free spins and more. Partnering your crypto deposit with a bonus is done automatically so once your deposit has been received the bonus will be credited to your balance. You should always take a bit of time to look through the bonus terms and conditions, so you understand the mechanics behind the bonus and how to convert bonus money into real withdrawable cash.
Cryptocurrency has become a largely popular choice of deposit thanks to the outstanding perks it offers. Making deposits and withdrawals through Paxos Standard Token is highly secure and convenient. Let’s take a look at some of the perks you can find with this payment option.
Great protection: Paxos Standard Token is a highly secure cryptocurrency, providing higher levels of security thanks to the blockchain technology it uses.
Larger deposits: Paxos Standard Token does not impose limits on the amount of money you can transfer, allowing you to make larger deposit and withdrawal transactions.
Faster withdrawals: You can enjoy rapid transfers of funds through the Paxos Standard Token. This means you can receive withdrawals in a matter of hours, as there is no drawn-out banking process involved.
No Fees: You can move your money around through the Paxos Standard Token with little to no fees at all.
Stable: The Paxos Standard Token is a stable coin which means it’s backed by the US dollar and is unlikely to heavily fluctuate in value.
Cryptocurrency is becoming very popular thanks to the advantages, but it is still a new technology and so there are some setbacks to be aware of. Let’s take a look at what can be considered a disadvantage with PAX.
Availability: The Paxos Standard Token is not a cryptocurrency that’s as widely available on online casino sites.
Paxos Standard Token cryptocurrency has been built to keep transactional costs low. The fees involved in moving money around through Paxos Standard Token is minimal. Many online casino operators will impose their transaction fees on deposits and withdrawals. These fees are usually a small percentage of the amount being transacted. The processing fees are nothing to do with the form of payment being used. You can check if your preferred online casino is imposing fees by reaching out to the support service.
Creating an Account
You can get up and running with the Paxos Standard Token deposit option in no time. You will need to sign up for a crypto exchange account where you can then purchase Paxos Standard Tokens. There are many crypto exchanges available that feature Paxos Standard Token. You will need to provide proof of ID to sign up for a crypto exchange account. Once you have purchased your PAX tokens you can store them or transfer them.
Loading money into your real money casino balance is as simple as using any standard payment option. Here are the steps to making a casino deposit using the Paxos Standard Token cryptocurrency.
- Choose Paxos Standard Token as your payment option.
- Enter the amount of your deposit.
- You should then be presented with a Paxos Standard Token wallet code.
- Head over to your crypto wallet and transfer Paxos Standard Token to the provided wallet code.
- Confirm the transaction and Your payment should be sent.
- Once the funds display in your casino balance you can start enjoying the games!
You can also withdraw your winnings through the Paxos Standard Token. The withdrawal times are much faster than standard banking options. Here are the steps to cash out your winnings through PAZ.
- Head over to the casino cashier.
- Choose the Paxos Standard Token withdrawal option.
- Enter the amount you wish to withdraw and confirm.
- You should then be able to enter your Paxos Standard Token wallet code.
- Then the casino will confirm the transfer.
Making online payments through the Paxos Standard Token digital currency offers outstanding payment security. First off, the Paxos Standard Token is built on the Ethereum blockchain, which has never been hacked. Blockchain technology is absolutely secure, allowing users to move large amounts of money securely and swiftly with complete peace of mind. You will also not have to worry about entering any sensitive banking details when you make deposits and withdrawals.
If you have any queries on the Paxos Standard Token, you can visit the official website where there is plenty of information on the cryptocurrency. There is also a customer support team then you can contact through email or webform. What’s more, Paxos Standard Token has a good list of FAQs you can consult should you have a general question.
Paxos Standard Token has become highly popular in the world of cryptocurrencies. Digital currency is widely available on many top crypto exchanges. As new crypto-friendly online casinos launched and existing operators adopt the payment technology we are seeing more casinos host the payment option. Paxos Standard Token is not up there with the likes of Bitcoin but as a stable coin, it offers a lot of value as a deposit method. We are sure to see this crypto payment make its way on to many online casino sites in the near future.
Which online casinos accept Paxos Standard Token?
Use the list of Paxos Standard Token casinos to see all online casinos that accept Paxos Standard Token payments.
Can I make withdrawals using Paxos Standard Token?
Yes, you can send money back to your Paxos Standard Token account. Withdrawals are usually sent back in a matter of hours.
Are there fees involved with Paxos Standard Token?
No, there are no fees attached to the crypto chain when making Paxos Standard Token deposits. However, the online casino operator may have their own deposit and withdrawal fees, independent of any payment method.
What is the best Paxos Standard Token casino?
We have researched for you so you can view the best casinos that accept Paxos Standard Token payments and make a choice yourself. We have listed the top-rated Paxos Standard Token casinos here.
Which online casinos accept Paxos Standard Token (PAX)?
Use the list of Paxos Standard Token (PAX) casinos to see all online casinos that accept Paxos Standard Token (PAX) payments. We filter the casino top list to only show Paxos Standard Token (PAX) casinos that accept players from your location.