Convert Paxos Standard PAX to Bitcoin BTC
PAX to BTC: 1 Paxos Standard converts to 0.00000910 BTC as of July 3 at 10:33 AM
About PAX and BTC
Paxos Standard is falling, while Bitcoin is climbing this week. The current PAX to BTC conversion rate is 0.0000091. Inversely, this means that if you convert 1 BTC you will get 109,921.03 PAX. The conversion rate of PAX/BTC has increased by 0.16% in the last hour (BTC/PAX decreased by 0.16%). In the last 24 hours, PAX/BTC shrunk by 1.93%, while BTC/PAX grew by the same amount.
The exchange rate of Paxos Standard is decreasing. The current value of 1 PAX is 0.00000910 BTC. In other words, to buy 5 Paxos Standard, it would cost you 0.00004549 BTC. Inversely, 1 BTC would allow you to trade for 109,921.03 PAX while 50 BTC would convert to 5,496,051.54 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.98%. Meanwhile, in the last 24 hours, the rate has changed by 1.94%, and that the highest exchange rate of 1 PAX to BTC was 0.00000933 BTC and the lowest 24 hour value was 1 PAX for 0.00000906 BTC. Last month, 1 PAX was worth 0.00000944 BTC. Today, it's down 3.71%. Looking back a year, Paxos Standard has changed by 0.000018 BTC. That means that in a single year, the value of Paxos Standard has shrank by 92.75%.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
Bitcoin Market Stats
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.