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Journal Of Wannabe E-gold Rich (e-gold script developer)

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Name:Yuan Yudistira

Thursday, August 03, 2006

E-gold step by step

Although I have already written notes about e-gold, from registration to security issue ,

I still have a couple email asking me about how to send or recieve payment via e-gold.

I will make it simple. To send or recieve money using e-gold, you have to register for free e-gold account.

Yes, it's a 100% free, and there is no credit check. (because your account
is always in credit; that is, it has some or no e-gold in it. It is not
possible to have a negative balance with an e-gold account);

an account is free – no minimum balance requirement.

After you've finished free registration, you can use your account to accept payment / recieve money from others.

there is two way you put some e-gold in your account :
  1.  receive e-gold from another e-gold account
    holder,
  2. you exchange your national currency
    for e-gold (or e-silver or e-platinum or e-palladium) using an ‘independent
    exchange market maker’ (IEMM). The IEMM will deposit the e-gold into
    your e-gold account, on your instruction. You can pay the IEMM by a variety
    of methods, such as by cheque
Unless your e-gold account has some money in it, you can buy or send money with e-gold.

There is two way you could turn your e-gold into cash :
  1. Trading your e-gold

    If you receive e-gold, or if you just want to cash in all or
    some of your holdings, go back to your ‘independent exchange market
    maker’ (or another one) and sell your e-gold. Some will even
    pay you to sell your e-gold.

    Accountholders with more than 400oz gold (equivalent to a small bar of
    gold bullion and worth about US$120,000) in e-gold may redeem their e-gold
    as a bar of gold bullion, not just reconvert their e-gold holding to paper
    currency. (However, this will depend on what types of bullion e-gold Ltd
    is holding at the time of such a request. They can only redeem gold bullion
    of the types they are currently holding.)

  2. Using an ATM card

    There are ATM debit (pre-payment) cards available that, prior to use,
    you load with amounts of value using digital currencies, such as e-gold.
    Although there are charges to open the ATM account, acquire the card and
    maintain the account, these are offset by the ability to draw local currency
    from ‘holes in the wall’ in many places worldwide.
One of the least expensive Market
Makers is www.goldage.net  
where you can fund your e-gold account for only 2%.

1 Comments:

ilapat said...

Some programs using e-gold
Here

2:06 AM  

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