What is egold?
By Mattworld
@Mattworld (183)
Philippines
January 6, 2007 3:09am CST
I still don't know much about payment system on the internet so I don't know about e-gold which is an option here in myLot. I don't have an account yet, before I make one wanted to know how it works. I am from the Philippines, can I use it here? How can I change it...
1 person likes this
7 responses
@charmedguyp1 (431)
• Philippines
6 Jan 07
I will try to explain this in simple terms. Egold is an e currency. if you wish to exchange it for real money, you go to independent exchangers. Independent exchangers are those that would convert your egold into real cash or your real cash into egold. One example of egold exchanger (which is based here in the Philippines) is pinoygoldexchange.net. I have not tried their services yet but have heard they are reliable. Now if you convert your egold into real cash you can get your real money via smart money, or bank transfer. Fees do apply but minimally (usually around 1-3 % of your earnings).I hope my simple yet lengthy explanation worked for you. Good luck!
1 person likes this
@Mattworld (183)
• Philippines
7 Jan 07
thank you for explaining it to me in a simpler way. Good luck!
@knewelle (127)
• Philippines
6 Jan 07
E-gold is now commonly used in internet payment system. Instead of check or moneygram you can use e-gold for payment or to receive your payment. You can check the exchange rate of e-gold to currency at e-gold.com, it depends on what currency you will used. But be careful in using e-gold because there are a lot of e-gold hackers. Just a reminder to you that when you open an e-gold account always remember that e-gold will not send you any type of email. It only send pin number to your email everytime you log in to your e-gold account. I hope this helps you.
@goldcomp (10)
• Panama
6 Jan 07
Yes, you can use it in the Philippines here is a local agent:
http://www.pinoygoldexchange.net/
For more information;
http://www.the-gold-blog.com
http://www.digitalmoneyworld.com
Specifically:
The Top Of The Pyramid Is Digital Gold Currency
http://digitalmoneyworld.com/the-top-of-the-pyramid-is-digital-gold-currency/
@risk_taker20 (2096)
• Philippines
6 Jan 07
e-gold is an online currency which you can use to purchase online and accept payment like from myLot. You can exchange it at Pinoy Gold Exchange, you will transfer your funds to them and will deposit cash to your account. I hope this helps.
1 person likes this
@the_actor (494)
• Philippines
31 Jan 07
the most widely used digital currency if not the most popular e-currency. What I like with this is being used widely as payment processor. Good thing also it is available in the Philippines.
@Mattworld (183)
• Philippines
6 Jan 07
yeah I heard that too but Paypal here is only good for payment, we can't receive payments.
