Bitcoin Forum

Economy => Trading Discussion => Topic started by: dirkdekeizer on August 02, 2019, 10:19:36 AM



Title: PAX coin trading
Post by: dirkdekeizer on August 02, 2019, 10:19:36 AM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks


Title: Re: PAX coin trading
Post by: mk4 on August 02, 2019, 03:26:58 PM
If your country allows withdrawals from Bitfinex, then you can send over your PAX there and trade it for USD, then withdraw it to your bank.

If not, here's what I suggest you do:

1. Send over your PAX to Binance
2. Exchange your PAX to BTC
3. Send the BTC over from Binance to an exchange whereas you're allowed to do bank withdrawals
4. Sell the BTC for the fiat pair
5. Withdraw to bank


Title: Re: PAX coin trading
Post by: sujonali1819 on August 02, 2019, 04:00:33 PM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks

Where are you finding the only pax to bank transfer exchange? you need to find out where to accept crypto for bank transfer. Anyway, I don't know really where from you so I don't suggest any site for you because bank transfer will not be supported by all country in the world.


Title: Re: PAX coin trading
Post by: exstasie on August 02, 2019, 11:16:24 PM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks

Is Paxos (the issuer of PAX) available in your country? You could check their terms (https://www.paxos.com/general-terms-and-conditions/) or shoot them an email and find out: help@paxos.com

They allow you to redeem PAX for USD, which you can wire to your bank account:

Quote
If you wish to withdraw USD, you can send USD to your bank by inputting your banking details. Paxos will soon also enable ACH funding capabilities to the platform.
https://www.paxos.com/user-guide/


Title: Re: PAX coin trading
Post by: babysweetTiger0401 on August 03, 2019, 08:15:24 AM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks

PAX now have 90 exchange platform where anyone can trade it with different platform and here is the list of them
https://www.paxos.com/pax-ecosystem/ I know some of them are accepting bank transfer I just don't know
in which of them is, good luck mate.


Title: Re: PAX coin trading
Post by: Marnihughes82 on August 03, 2019, 03:06:22 PM
You can buy with usdt, bitcoin or other currencies and transfer them to binance or pax support exchange. Then trade them and when you want to sell, it's the same. Think of PAX as other altcoin and do the same thing


Title: Re: PAX coin trading
Post by: SvonioneFromMangoCoinz on August 03, 2019, 04:54:14 PM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks
For absolute safety and more options, you should choose Binance. with cheap, very good transaction fees.
you can trade PAX / BTC, PAX / EOS, and another top alts.


Title: Re: PAX coin trading
Post by: Crypto_hive on August 04, 2019, 03:15:18 PM
At Binance, you can do everything you need. as I understand it, even withdraw to a bank account.


Title: Re: PAX coin trading
Post by: sarmrakib on August 04, 2019, 03:54:32 PM
Hi

Can anyone help me out with finding an exchange site/place that can do PAX to bank transfer?

Thanks
Its not possible to exchange PAX directly into the bank accounts .It's also depend where are you located from and is there any crypto to bank transfer way .If it is then you can transfer to supported crypto and withdraw it from the bank .


Title: Re: PAX coin trading
Post by: dirkdekeizer on August 04, 2019, 05:59:42 PM
Oh damn, I am from Belgium.
Can another stable coin do that? For example usdt?

Thanks for the help


Title: Re: PAX coin trading
Post by: 1Referee on August 04, 2019, 08:20:42 PM
Oh damn, I am from Belgium.
Can another stable coin do that? For example usdt?

Thanks for the help

I do wonder now, do you consider using PAX or actually have PAX that you want to cash out?

USDT can only be sold to Bitfinex for fiat, but I wouldn't trust that exchange. Too much shady shit going on there.

If you're looking for a legitimate stablecoin that can be sold to a legitimate exchange, then go for USDC and Coinbase. I am however not sure if you can sell it to Euros since you are from Belgium. In that regard, you have to take an extra conversion step to end up with Euros. Not the most convenient option but it does the job at relatively low cost.


Title: Re: PAX coin trading
Post by: dirkdekeizer on August 07, 2019, 07:00:53 PM
I see. I have already exchanged my money to PAX. I think the only way to cash out is by finding someone who would buy or through exchange to bitcoin and then bank. Do you know places where I can do this exchange at a very low rate?


Title: Re: PAX coin trading
Post by: harizen on August 07, 2019, 07:31:26 PM
I see. I have already exchanged my money to PAX. I think the only way to cash out is by finding someone who would buy or through exchange to bitcoin and then bank. Do you know places where I can do this exchange at a very low rate?

Why you didn't use the money instead to buy BTC in the first place? So where's your PAX now?

Well nevermind, not sure what's your criteria about being a "low rate" but you can consider Binance. From there, just do the normal way of deposit and withdraw (deposit PAX then trade to BTC).

Now that you have the BTC, did you have some crypto local exchanges there? It's way better to deal with those as long as they are reputable. They are more bank-friendly compare to exchanges outside your country and maybe they have another convenient way to cash-out your funds that will not involve withdrawing it to your bank account. You can also check Localbitcoins.

Another option is Coinbase if they supported the feature of selling BTC to them in your country.