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Frequently Asked QuestionsThe questions we frequently received are answered here:
(1) What is e-gold? E-gold is an electronic currency issued by E-Gold Ltd,100% backed by gold depoited at allocated storage.E-gold can be used in place of credit cards,PayPal,StormPay and E-Check etc,to carry out internrt business transactions (2) Do I have to register with E-Gold Ltd in order to use e-gold? Yes, you need to have an account with E-Gold.It is free to sign up.Click here to sign up (3) How do I buy e-gold? You have to contact an independent e-gold exchanger in Malaysia to initiate a "buy" transaction.The exchanger's staff will instruct you to bank in the required amount (in MYR) into a local bank.When done,you have to call the staff again to inform him of the transaction number and also you have to tell him your e-gold account number so that he will then transfer the equivalent weight of e-gold into your e-gold account.We are an independent excahnger,go to our home page. (4) How do I sell e-gold? When you want to redeem your e-gold, contact the e-gold exchanger and transfer the agreed amount of e-gold from your E-Gold account to the E-Gold account of the exchanger.Inform the exchanger when done,he will then transfer the equivalent amount of MYR to a local bank of your choice.go to our home page to sell yor e-gold. (5) Can e-gold be used world wide? Yes, the usage of e-gold is borderless.You may buy e-gold with your local national currency (eg. MYR) from a Malaysian e-gold exchanger then exchange for for goods or services rendered with someone in another country (eg. USA).That person can then redeem the e-gold received into his national currency (eg. USD) thorugh an independent e-gold exchanger in the USA. (6) Is Net Ringgit a local company? Net Ringgit is an independent e-gold exchanger located in Malaysia. (7) Should I stock e-gold as an investment? No, it is not advisable to treat e-gold as an investment commodity.You are advised to buy the real metal itself as an investment.E-gold is meant to be used as money on the internrt,therefore you should only keep just enough for carrying on your normal internet business needs and should redeem the extra. (8) How do I know which e-gold exchanger is reliable? As mentioned above,you should redeem your extra e-gold.In doing so you will keep your loss to the minimun should there be any thing gone wrong with the E-Gold system (which is unlikely).Also you should test out several local exchangers to find out the reliable ones.Avoid doing business again with those e-gold exchangers who are not willing to accept your redemption but are instead very keen to sell their e-gold to you.These people are not bona fide e-gold exchangers,these are people who won their e-gold in online sweepstakes and casinos and just want to convert their e-gold into cash. They only do one-way traffic trades. (9) Is the price of e-gold fluctuating? Yes,the price of e-gold is fluctuating at prevailing market price, usually closely following the current market value of gold. (10) Where is E-Gold Ltd located? E-Gold Ltd is located at Nevis,USA. (11) What are the common usages of e-gold? E-gold are commonly used in the following areas:
(12) Can e-gold be used for online casinos? Yes,some online casinos accept e-gold as bets. |