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Tuesday 17 July, 2007

E-currency

E-currency, in effect is virtual currency or web-money. Some e-currencies like E-gold are completely independent and are not in any way linked to the other popular currencies traded. However, some like Paypal, deal exclusively with the dollar.

E-currency accounts are like bank accounts and can be used to recieve,store and transfer e-currency. However certain E-currency Dealers may require you to prove your identity while opening an account, some may just not require it

I suggest you open E-gold, Money-Bookers And a Paypal Account. Together they involve almost all of the transactions online.

Paypal though is open to only a few selected countries, whereas E-gold and Money-Bookers allow you to trade from anywhere in the globe.

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