I thought of buying some DGX tokens from Digix Global. For that I purchased some PAX tokens and thought of converting them to DGX on Digix Global portal. I transferred PAX to the my wallet address registered with Digix Global. My PAX tokens are visible on the wallet address on Digix Global portal as well as Etherscan. Digix Global support is not great. Therefore I am thinking of moving this PAX from this wallet which is registered with Digix Global to my personal wallet. Digix Global portal does not have any “transfer” button/option. Is it possible to transfer to my personal wallet from Etherscan?
I assume the wallet you have your PAX tokens is an online wallet. If it is an online wallet there must be a send to an address function. Etherscan can only view public addresses. To interact with an address you need a private key of that public address, but if Digix Global is an online wallet only they have the key. If you have the key you can use https://www.myetherwallet.com/ interface to interact with the ETH blockchain.
If you want to have your personal wallet make sure you carefully choose which one you want as they have pros and cons. Online wallet (one I think you have now), hot wallet, cold wallet.
There are multiple ways to switch tokens. If Digix Global does not have an exchange features you can try the following.
Using a trading exchange that has both tokens listed. Then sell PAX into BTC or ETH and buy the DGX with that BTC or ETH and then withdraw the token to the address you wish. (This method is trust based and you will encounter trading and withdrawal fees. Beware of the daily withdraw limit as well if you plan to exchange more than 2 bitcoins worth of tokens.)
Using a centralized method. You could use some services such as ShapeShift but I don’t think they have the pair you want. But maybe there are some that have them. (This also can have sometimes larger fees.)
Use a decentralized method. Here is your pair you want to trade. https://1inch.exchange/#/PAX/DGX
You need to connect your wallet to the site to exchange the tokens.
(This method is code trust based, therefor you don’t have any support if something goes wrong.)
Things to note when exchanging using the decentralized method: You can set the maximum slippage you want to allow when you exchange the tokens. For example let’s say 1%. If you start the process and the slippage is more than 1% the transaction will fail and you will only lose some gas fees, otherwise the exchange will go normal if it is under 1%.
Overall they all have their pros and cons. Centralized have the biggest volume decentralized don’t. Decentralized have more pairs, centralized don’t. Centralized have support, decentralized don’t. I would say go decentralized if the amount you want to exchange is a smaller amount otherwise use a centralized exchange with such pairs. If you can’t find a centralized one with does pair then do decentralized one in several parts if you want to be safe.
It is so confusing. They say that address belongs to me. But I registered that address with them, as it prompted on their portal. I can see that there is 63 PAX on that address which belongs to me. Dgx.global portal is so complicated and their support is poor. I just want to withdraw 63 PAX from that address and move it to my personal wallet. What is the way to do it. It is not possible on myetherwallet.com
hello sir, if you do not have the private key for the public address, there is no way to withdraw them without the help of Digix Global support.
If thats true, there should have an option to request the private key from that address, if not, they control the key from that address so you must ask them to help you to withdraw your funds.
Your keys, your cryptos; Not your keys, not your cryptos.
Hope you can solve this.
They instructed me to choose an address from list of public addresses and register that public address with them on their portal. During this process, no private key was given to me. When I ask them, they say they do not manage this address and this address belongs to me. But private key was not given to me.
What is the way out. 63 PAX is there on that address whichequivalent to US $63.
I dropped the original plan of converting PAX to DGX, because I was not happy with Digix.global support. I was able to access my 63 PAX using myetherwallet.com and my Ledger Nano S.
I transferred my PAX from this wallet to my personal wallet.
Hi if you want verified gold backed ERC20 coins, just buy some PAXG. You could even earn interest if you put them on crypto.com or nexo, which are both insured platforms.
I have some PAXG. Do not have enough to earn interest on crypto.com
The fact that 1 DGX= 1 gram of gold attracted me to DGX. However I was taken aback by their poor support.