Pax Dollar wallet
The most secure hardware wallet for your Pax Dollar
Embrace secure storage for your Pax Dollar with Tangem Wallet, trusted by a vast, satisfied user community.
How to secure your Pax Dollar with Tangem?
When you buy or hold Pax Dollar in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Pax Dollar Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose Pax Dollar wallet with Tangem.
Privacy
No registration and KYC required to use the app. We don't track your data.
Security
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Convenient designs
Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Customer care
Fast support for your needs. Live chat and email support for customers from all over the globe.
What is Pax Dollar (USDP)?
Pax Dollar, identified by the ticker USDP, is a stablecoin developed by Paxos, a pioneering fintech firm devoted to revolutionizing finance by mobilizing assets at internet speed. Paxos holds the distinction of being the first virtual currency company to receive a charter from the New York State Department of Financial Services, operating as a chartered limited purpose trust company with fiduciary powers, which allows it to offer regulated services in the crypto-asset and virtual commodity sphere.
Under the leadership of CEO and co-founder Charles Cascarilla, who boasts a rich career spanning roles as a customer, analyst, investor, and now, a creator in financial technology, Paxos is composed of a multifaceted team with expertise from Wall Street to Silicon Valley.
What is a Pax Dollar wallet?
A Pax Dollar wallet is a secure container for storing the private keys that allow users to manage their USDP addresses on the blockchain. While the wallet doesn’t store USDP itself, it holds the essential keys needed for accessing and operating Pax Dollar accounts. Essentially, it functions as a tool for storing, sending, receiving, and managing Pax Dollar.
How does a Pax Dollar wallet work?
Pax Dollar wallets operate through the use of public and private key pairs to manage blockchain accounts. The private key, which must remain confidential, grants access to a specific USDP account, while the public key can be shared to receive Pax Dollar. To initiate any transactions, the associated private key is required. Tangem Wallet is designed to generate and securely store these private keys within its chip, ensuring safe transaction and account management.
What are the types of Pax Dollar wallets?
Exchange Pax Dollar Wallets:
These are custodial wallets provided by centralized exchanges like Coinbase, Binance, and Kraken, where USDP can be bought with traditional currency. However, using these wallets entails risks such as potential restrictions on account access.Software Pax Dollar Wallets:
Software wallets can be installed on devices to manage private keys and USDP. They are user-friendly but susceptible to cyber threats like malware. This category includes mobile, desktop, and browser-based wallets.Mobile Pax Dollar Wallets:
These are applications that facilitate USDP management directly from a smartphone.Desktop Pax Dollar Wallets:
Programs installed on computers that keep private keys on local hard drives or SSDs.Hardware Pax Dollar Wallets:
These offer offline storage solutions, like those provided by Tangem, to safeguard against online theft and attacks.
How to Choose the Best Pax Dollar Wallet
The optimal wallet selection varies with individual preferences, with key considerations including ease of use, reliability, durability, and security. For secure storage of substantial amounts of USDP and defense against online threats, a hardware wallet like Tangem is recommended.
Pax Dollar USDP
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See all supported cryptosPax Dollar FAQ
- You can buy Pax Dollar on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of Pax Dollar, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for Pax Dollar depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for Pax Dollar, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- Paxos Trust Company LLC is a regulated financial institution and every aspect of its operations are supervised by theNew York Department of Financial Services. Paxos received the first limited purpose trust charter for digital assets from the NYDFS in 2015.
- Charles Cascarillais the CEO and co-founder of Paxos, a regulated blockchain infrastructure platform that enables the movement of all assets in a trustworthy way.
- Paxos Trust Company is a New York–basedfinancial institution and technology company specializing in blockchain. The company's product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services.
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