# USDT to PAXG: Tether (ERC20) to PAX Gold — no-KYC swap on GhostSwap > Send Tether (USDT, an ERC-20 token on Ethereum) and receive PAX Gold (PAXG, an ERC-20 token on Ethereum) in your own wallet, with no account and no KYC. It turns a dollar balance into PAX Gold in one step. Most USDT to PAXG swaps are paid out within 10–25 minutes. Swap page: https://ghostswap.io/exchange/usdt20-paxg/ Updated: 2026-10-03 ## At a glance | | | |---|---| | You send | Tether (USDT), ERC-20 token on Ethereum | | You receive | PAX Gold (PAXG), ERC-20 token on Ethereum | | Your PAXG address | Ethereum address that starts with 0x followed by 40 hexadecimal characters. Wallets: MetaMask, Rabby or a Ledger | | Deposit network fee | Paid in ETH, so keep a little ETH next to your USDT | | Deposit confirmation | About 2–5 minutes on Ethereum | | PAXG payout | Sent to your address as soon as the swap completes; Ethereum confirms it in about 2–5 minutes | | Typical swap time | 10–25 minutes until your PAXG is sent | | Reference rate | 1 USDT ≈ 0.000241 PAXG · 1 PAXG ≈ 4,147.77 USDT (market prices, 3 Oct 2026) | | Limits | Minimum about 31 USDT. The exact minimum and maximum USDT amounts are shown live in the exchange box | | Account / KYC | None for standard swaps: no sign-up, no email, no ID | | Tracking | Status page with your swap ID; USDT on Etherscan | | Reverse swap | [PAXG to USDT](https://ghostswap.io/exchange/paxg-usdt20/) | ## How much PAXG you get (quoted 3 Oct 2026, 13:40 UTC, after all fees) | You send | You receive | |---|---| | 100 USDT | 0.023613 PAXG | | 500 USDT | 0.118781 PAXG | | 2500 USDT | 0.594606 PAXG | ## How to swap USDT to PAXG 1. Open https://ghostswap.io/exchange/usdt20-paxg/ and enter the amount of USDT to send. 2. Paste the PAXG address that should receive the coins. 3. Enter the USDT address you are sending from, then confirm. 4. Send the USDT to the one-time deposit address shown. 5. Receive PAXG in your wallet and follow the status page with your swap ID. ## PAX Gold for Tether: an ounce-backed token in your own wallet PAX Gold (PAXG) is an ERC-20 token issued by Paxos. Each token is backed by one fine troy ounce of London Good Delivery gold held in vaults. Swapping USDT for PAXG turns a dollar balance into gold exposure without leaving Ethereum or your own wallet, and the swap needs no account. Both tokens are on Ethereum, so you pay ETH gas only for the USDT deposit, which usually confirms in about 2–5 minutes. Redeeming PAXG for physical gold or cash is done directly with Paxos and needs a Paxos account. Holding, sending or swapping the token does not. ### Tips - Receive to your own Ethereum address (0x plus 40 hex characters). The wallet that sends the USDT can hold the PAXG too. - PAXG is counted in ounces of gold. Unless you swap more than the price of one ounce, you receive a fraction of a token. If your wallet hides it, add PAXG as a custom token from its Etherscan page. - Keep some ETH next to the USDT for gas, and enter the sending address as your refund address. ### Can I buy PAX Gold with USDT without an account? Yes. No account, email or ID is needed for a standard swap. Paste your Ethereum address, check the floating rate and send the USDT; the PAXG is paid to that address. ### Can I swap PAXG back to USDT later? Yes. The reverse PAXG to USDT pair is also open and works the same way, with no account. Redeeming for physical gold, by contrast, goes through Paxos. ## FAQ ### How long does it take to swap USDT to PAXG on GhostSwap? Most USDT to PAXG swaps are paid out within 10–25 minutes: the USDT deposit needs about 2–5 minutes to confirm on Ethereum, then the PAXG is sent to your wallet, and Ethereum confirms the payout in about 2–5 minutes. Busy networks can add a few minutes. ### How much is 1 USDT in PAXG? 1 USDT is worth about 0.000241 PAXG at the market rate, before fees (market prices, 3 Oct 2026). GhostSwap's quote in the exchange box already includes the service fee and the PAXG network fee. The minimum for this pair is about 31 USDT. The rate floats with the market until your USDT deposit confirms, so the exchange box shows the exact amount before you send. ### What are the fees for converting Tether (ERC20) to PAX Gold? The GhostSwap fee is already included in the rate in the exchange box, so the PAXG amount you see is what you receive. On top of that, your wallet needs a little ETH to pay the Ethereum network fee for sending USDT. ### What wallet should I use to receive PAXG? To receive PAX Gold from your swap, we recommend using MetaMask, Rabby or a Ledger. Make sure your wallet supports the Ethereum network before starting the exchange. Double-check your PAXG address before confirming — cryptocurrency transactions cannot be reversed. ### What format is the PAXG address? Use an Ethereum address: it starts with 0x followed by 40 hexadecimal characters. Copy it from your wallet and paste it; never type it by hand. Sending PAXG to an address on another network can lose the coins. ### Can I track my USDT to PAXG swap? Yes. After initiating your swap, GhostSwap provides a transaction status page where you can monitor progress in real-time. You can also track your USDT payment on Etherscan (https://etherscan.io). ### Is it safe to exchange USDT for PAXG on GhostSwap? GhostSwap is non-custodial: there is no account balance holding your coins. Your USDT deposit is converted and the PAXG is sent straight to the Ethereum address you enter, so check that address twice — Ethereum transfers cannot be reversed. ### Why swap USDT to PAXG? Converting Tether (ERC20) to PAX Gold moves dollar-pegged funds into PAX Gold. PAX Gold is a token on Ethereum. Unlike a stablecoin, its price moves with the market. GhostSwap needs no account on a centralized exchange and no KYC. ### What happens if my USDT to PAXG exchange fails? If a swap cannot be completed, the USDT is refunded to the Ethereum address you entered as the sender address. If something looks stuck, contact support with your swap ID from the status page. Most problems come from sending a different amount than shown or using an address on the wrong network. ## Related - [Reverse: PAXG to USDT](https://ghostswap.io/exchange/paxg-usdt20/) ([Markdown](https://ghostswap.io/exchange/paxg-usdt20.md)) - [All GhostSwap pairs](https://ghostswap.io/exchange/) - [How to exchange](https://ghostswap.io/how-to-exchange/) - [Site guide for AI assistants](https://ghostswap.io/llms.txt)