How to Buy Paxos Standard (PAX) in the UK (2021)

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Looking to buy Paxos Standard (PAX) in the UK?

Check out this quick post for an overview of where you can buy PAX from in the UK.

Intro: Best Ways to Buy Paxos Standard in the UK

Here’s a quick overview of the best places where you can buy Paxos Standard (PAX) in the UK.

ProviderPayment MethodFees
BinanceUK Bank TransferUp to 0.10%
CoinJarUK Bank Transfer1%
Crypto.com AppUK Bank TransferVariable
BC BitcoinUK Bank Transfer3% (Exclusive Discount)

Let’s dive into these options a little more.

How to Buy Paxos Standard UK

1. Binance

Binance logo over their trading interface

Binance is one of the best cryptocurrency exchanges available in the UK.

Founded in mid-2017, you can use this cryptocurrency exchange to buy Paxos Standard (PAX) and hundreds of other cryptocurrencies. This includes coins that are becoming harder to find, such as Monero (XMR) and Zcash (ZEC).

Unfortunately, you can’t buy Paxos Standard (PAX) directly with GBP on Binance. This means you’ll have to buy another cryptocurrency, like Tether (USDT), which can be exchanged for it.

What PAX trading pairs are available on Binance?

Binance currently has 9 Paxos Standard (PAX) trading pairs:

  • PAX/USDT
  • BTC/PAX
  • ETH/PAX
  • PAX/BUSD
  • XRP/PAX
  • LTC/PAX
  • BNB/PAX
  • TRX/PAX
  • BCH/PAX
Overview of Option #1

It’s best to follow this process on a desktop computer, as you can’t currently complete all the steps on a mobile device.

  • Open a Binance account and verify your identity.
  • Deposit GBP into Binance using a UK bank transfer.
  • Buy Tether (USDT) using your GBP wallet balance.
  • Buy Paxos Standard (PAX) with your Tether (USDT) on the PAX/USDT market.

Binance charges a maximum of 0.1% in trading fees. You can get a quick 25% fee reduction if you buy and use Binance Coin (BNB) to pay your trading fees. You’ll unlock even lower fees when you trade more on Binance (and hold BNB).

Binance WebsiteBinance Review

2. CoinJar

CoinJar allows you to buy, sell, store, and transfer Paxos Standard (PAX) and 23 other cryptocurrencies in the UK.

Some of the other cryptocurrencies available on CoinJar include Bitcoin (BTC), Ripple (XRP), Chainlink (LINK), and Compound (COMP).

Full list of cryptocurrencies available on CoinJar

These are the cryptocurrencies that can currently be bought on CoinJar:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • 0x Token (ZRX)
  • Aave (AAVE)
  • Algorand (ALGO)
  • Bancor (BNT)
  • Basic Attention Token (BAT)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve DAO Token (CRV)
  • Dai (DAI)
  • EOS (EOS)
  • Kyber Network (KNC)
  • Maker (MKR)
  • OMG Network (OMG)
  • Paxos Standard (PAX)
  • Stellar Lumens (XLM)
  • SushiSwap (SUSHI)
  • Synthetix (SNX)
  • Uniswap (UNI)
  • USD Coin (USDC)
  • finance (YFI)

You can only deposit GBP into CoinJar using a UK bank transfer. However, this is processed via the Faster Payments Service (FPS) – so any GBP you send over to CoinJar doesn’t take long to land in your account.

Overview of Option #2
  • Open a CoinJar account and verify your identity.
  • Deposit GBP into CoinJar using a UK bank transfer.
  • Buy Paxos Standard (PAX) with your GBP balance.

CoinJar charges a fixed fee of 1% when you buy Paxos Standard (PAX) or any other cryptocurrency on its platform. The exchange rate you’re quoted might be a little higher than elsewhere – but not by much (around 0.5% when I’ve checked).

CoinJar ReviewCoinJar Website

3. BC Bitcoin

BC Bitcoin logo header (version 2)

Another way that you can buy Paxos Standard (PAX) in the UK is with BC Bitcoin.

BC Bitcoin is a UK-based cryptocurrency broker that opened its doors in 2017. It allows you to buy almost any cryptocurrency you could want. The main exceptions to this are privacy-focused cryptocurrencies like Monero (XMR) or Zcash (ZEC).

It supports a few payment methods, but the lowest-cost option is to use a simple UK bank transfer.

Overview of Option #3
  • Open a BC Bitcoin account and verify your identity.
  • Submit an order to buy Paxos Standard (PAX) with a UK bank transfer.
  • Send GBP using a UK bank transfer to their bank account.
  • Once that’s received, BC Bitcoin will send the Paxos Standard (PAX) straight to your cryptocurrency wallet.

You’ll normally be charged 5% in fees to buy Paxos Standard (PAX) on BC Bitcoin.

However, register using our exclusive sign-up portal and you’ll be charged a lower rate of 3% when buying Paxos Standard (PAX) or any other cryptocurrency with a UK bank transfer.

BC Bitcoin is more expensive than alternatives, but they’ve received great reviews on Trustpilot – with many highlighting their great customer support.

BC Bitcoin ReviewRegister Now

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