# Buy and sell digital gold - DGX

Source: https://gofranz.com/blog/buy-and-sell-dgx-digital-gold-token/

## What is DGX?

DGX is an Ethereum based cryptocurrency backed by physical gold stored in Singapore. That means, 1 DGX = 1g (99.99 LBMA) gold which, at the time of writing, is valued at $43.24 USD or 0.1157 ETH.

The advantages are huge:

- Unlike other cryptocurrencies DGX is backed by a physical assets
- Unlike USDT (backed by USD), DGX has no fractional reserves
- DGX can be stored on virtually any Ethereum compatible wallet
- Unlike gold, it's very easy, fast and cheap to transfer DGX

![DGX 100g gold asset certificate](/assets/content/2018/buy-and-sell-dgx-digital-gold-token.jpg)

## Where can you buy DGX?

DGX is available trough the [Digix Marketplace](https://digix.global/app/#/marketplace).

- Registration is straightforward
- DGX may be purchased using ETH (Ethereum) only
- The Digix Marketplace is compatible with the [Ledger Nano S](/blog/a-quick-look-ledger-nano-s-crypto-hardware-wallet/)
- The [current supply](https://digix.global/app/#/provenance/assets-explorer/assets-list) is limited to 10,000 DGX (10,000g of gold)

![Digix Marketplace Statistics](/assets/content/2018/buy-and-sell-dgx-digital-gold-token-01.png)

~~The only exchange that supports DGX as DGX/ETH trading pair is [EtherDelta](https://etherdelta.com/#0x4f3afec4e5a3f2a6a1a411def7d7dfe50ee057bf-ETH), a decentralized Ethereum & Ethereum token exchange. Unfortunately there's virtually no liquidity.~~

## How do I sell DGX?

- Have the piece of gold shipped to you (100+ DGX)
- [EtherDelta](https://etherdelta.com/#0x4f3afec4e5a3f2a6a1a411def7d7dfe50ee057bf-ETH)

<hr>

**Update: 2018-06-08**

A number of new services support DGX:

- [Kyber Network](https://kyber.network/)
- [Radar Relay](https://app.radarrelay.com/DGX/WETH)
- [AirSwap](https://www.airswap.io/trade)
- [TokenLon](https://tokenlon.token.im)
- [OlympusLabs](https://olympuslabs.io/web)

**Update: 2022-09-21**

Digix Holdings has withdrawn from the Payment Services Act licensing in Singapore as of 21 Sept 2022.