# Deposit PAXG (Ethereum)

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Operator and jurisdiction: BASIS is operated by BASIS DIGITAL INFRASTRUCTURE LTD, a Seychelles IBC (LEI: [254900IX2F2KCWNSSS64](https://lei.bloomberg.com/leis/view/254900IX2F2KCWNSSS64)).
{% endhint %}

PAXG is live and fully supported on Ethereum. You can deposit PAXG by connecting a compatible Web3 wallet.

## Steps

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Open the app and go to Account → Assets.
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Select Deposit.
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Choose PAXG (Ethereum).
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Connect your Ethereum wallet, such as MetaMask.
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Approve and confirm the PAXG transfer.
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## Network requirements

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PAXG is an ERC-20 asset on Ethereum. Your wallet must hold enough ETH to pay network gas fees.
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## After deposit

Deposited PAXG appears in your Funding Wallet.

From there, you may swap PAXG to stPAXG at a 1:1 ratio.

| Action             | Result                                                      |
| ------------------ | ----------------------------------------------------------- |
| Deposit PAXG       | PAXG credited to Funding Wallet                             |
| Swap PAXG → stPAXG | 1:1 conversion                                              |
| Stake stPAXG       | Rewards accumulate in real time as stPAXG in Staking Wallet |

## Fees

| Type       | Fee   |
| ---------- | ----- |
| Deposit    | 0%    |
| Swap       | 0.01% |
| Withdrawal | 0.05% |

## Notes

* PAXG deposits require Web3 wallet connection
* PAXG cannot be sent from the BTC deposit flow
* USDT is used only as an internal display and accounting unit
* If you are depositing for the first time, a small test transaction is recommended

## Related risk considerations

PAXG includes asset-specific considerations such as issuer exposure, redemption conditions, and Ethereum network congestion. BASIS manages execution through deterministic routing, math-constrained state transitions, and state machine risk controls designed to preserve execution precision.

For support, contact <support@basis.pro>.


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