Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has USDP, and is trustworthy!
You can find our top 3 exchanges for buying USDP here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy USDP
And of course, the final step is to find USDP on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy USDP (USDP)
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How to Sell USDP
- Sign into the exchange
- Find where you stored your USDP, either on a hardware wallet or on the exchange.
- Transfer your USDP to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell USDP.
Considerations when looking to buy USDP.
Pax Dollar, a flat-collateralized stablecoin, was founded in September 2018. Stablecoins can be described as cryptocurrencies that have been designed to reduce volatility relative to a stable asset or a group of assets.
Stablecoins can be tied to cryptocurrency or flat money. It can be traded for commodities in some cases. Pax Dollar allows you to transact with blockchain assets while taking minimal risk. Pax Dollar tokens (USDP), which are ERC-20 tokens issued on Ethereum blockchain, are secured 1:1 by USD in Paxos bank accounts.
Pax Dollar, a stablecoin, allows anyone to exchange U.S. Dollars for Pax Dollar Tokens. Its primary goal is to stabilize dollar using blockchain technology.
Paxos has been granted a charter by the New York State Department of Financial Services, which allows them to provide regulated services in the crypto asset market. The USD in accounts held by the company at U.S. deposit institutions are used to back the token.
Pax Dollar was created to enhance the financial system by creating a global network that is frictionless. All digital assets can be mobilized quickly and with high flexibility. Paxos's vision is to make it possible for digital assets, securities, and commodities to be transferred from anywhere at any time.