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ECURRENCY GUIDE FOR BEGINNERS

1. INTRODUCTION

2. MEANING OF ECURRENCY

3. DIFFERENT KIND OF ECURRENCY

4. ADVANTAGE AND DISADVANTAGE OF


ECURRENCY

5. POPULARITY OF ECURRENCY

6. WHY ECURRENCY

7. E-GOLD AS AN ECURRENCY

8. E-GOLD SECURITY AND SAFETY

9. HOW TO SECURE YOUR ACCOUNT FROM


CYBERROBBERS[YAHOOYAHOO]

10.HOW TO SET UP YOUR E-GOLD ACCOUNT

11. HOW TO ACCESS YOUR E-GOLD ACCOUNT


AND TRANSFER MONEY TO ANOTHER
PERSON E-GOLD ACCOUNT.

12. WHERE TO FUND YOUR E-GOLD


ACCOUNT
INTRODUCTION

The future belongs to two classes of people:those on the internet and


those who are out of business...............Bill Gates

I consider this era the best time to live on earth,this information age has
brought a lot of great opportunities which our forefather never
experienced.The internet has totally transformed the way we work,the
way we communicate,the way we transact business,the way we play,learn
and the way money is made, built and controlled.

Now you can trade forex,stock, invest online,trade on gold,real estate and
many other money making activities in country like USA,UK
CANADA,CHINA or any other country in the comfort of your room.

That is why you should not be left out in tapping this tremendous
opportunities abound on the internet.

MEANING OF ECURRENCY

As a beginner to internet business you must have contact with a lot of


`E`both online and offline,E-MAIL,E-COMMERCE,E-ZINE,E-
BOOK,E-MARKETING and other ‘E’s.

These ‘E’connote ‘electronics,which means anytime you see e-mail,it’s


talking about electonic mail that can be sent or received electonically via
the internet.When you see E-book,it means book that can only be
delivered electronically via the internet.E-commerce means buy and
selling of product and services via the internet.

When you see Ecurrency,it’s talking about electronically currency


[money]which can only be used to transact business,make
payments,settle debts,buy rea products and services on the internet.All
payments are made electronically on the internet unlike the real world
where payments are made with physical money.
And,E-currency has many names,it is synonymous to electronic
money,internet money,digital money,digital gold or digital gold
currency[DGC]

E-currency is a medium of transaction denominated in weight of gold or


gram of gold,or ounces of gold.The weight of gold is used in converting
one currency from another.

ADVANTAGES OF ECURRENCY

1. Interchangeability-since gold is the common standard used by the


national currencies exchanges between the national currencies are
easily facilitated.

2. Speed-E-currency denominated transaction are almost


instataneous.And the fees are lower than those of credit cards.

3. Anti-inflationary-Ecurrency is based in the weight of gold.The


weight of gold does not change,it’s weight does not get inflated.But
the exchange rate of the national currencies.........which is based in
gold change.That’s why we have the ultra-thriving forex
industry.would you believe?average volume of 1.5 to 2 trillion
dollars per trading day.

DISADVANTAGE

E-currency players,except the investors[especially beginners like


you and me]don’t normally check and verify the identities of their co-
transactors.This anonymity factor is therefore prone to be used and
abused,by the people and organization deal in shady background.
But if the user takes adequate protective measures,the potential gains,far
outweight the potential risks.That’s why it is a thriving industry.
POPULARITY OF ECURRENCY

E-currency are gaining popularity everyday unlike in the past,when


ecurrency were not accepted by some people.For instance,there was no
forex broker that accept e-currency before to trade on their platform,but
now,some brokers have been accepting e-currencies which is the fastest
and easiest way to fund and withdraw money from your broker.If you
fund your account today and you start trading the same day.This is a big
opportunity for those who cannot meet up the requirement in opening
domiciliary account in the bank.

WHY ECURRENCY?

If you want to dabble into online business,you really need this


ecurrency.Millions of people,if not billion are using this ecurrency across
the world.It is really the online payment solution of the future.

Ecurrency account is free to open and best of all it’s accepts


everybody,there is no discrimination whatsoever unlike other payment
processor like paypal,virtual card and others.

You can set up your business and receive payment globally within
minutes.Also,you can register your domain,host your websites,shop for
whatever you want and pay with your ecurrency instantly from anywhere.

Ecurrency system is the cheapest and has the lowest charges,for


instance,a $50 dollar virtual card will cost you about #11,000 while
ecurrency will just cost #7500 or less.The worst part of it is that your
virtual card will be declined 60% of the sites where you try to make a
payment just because you are in Nigeria but ecurrency will not be
declined as long as merchat accepts it.

Now i will be talking about e-gold which is the most popular of all the
ecurrencies.E-gold is one of the first digital ecurrency providers,having
started in 1996.E-gold account are backed by actual physical gold,dollar
for dollar,you don’t have to ever take physical delivery of gold,but if
want to,you can,with an additional handling charge because e-gold is tied
directly to the value of gold on world markets.And,e-gold account
fluctuate up and down with the value of national currencies as they move
with the spot price of gold.You don’t have to use any calculators to work
with[troy ounces]everything is converted for you in the currency you
want to view in your in your e-gold account.

Below is the price of gold as taken from London Gold Exchange and
example of spot Gold price

DATE PRICE PER OUNCE SPOT GOLD


PRICE

01/04/2008 $282.05/
E-gold account is the oldest,fastest,most successful and reliable ecurrency
account in the world today.Because of this many good and bad people
flock to the e-gold account for business.Some goes to transact legal
business while others seek for ways to hijack people’s money from the
system.Because of these criminal activities that go on in e-
gold,precaution has to be taken to avoid your account being burgled by
online cyberrobbers popularly known as “yahoo yahoo” in Nigeria.

One important thing that i would love you to know is that e-gold system
itself is solidly secured.That means no hacker [cyberrats]no matter how
proffessional and exprienced can be breakthrough the e-gold system.It is
the only e-gold user like you and i that can be mistakenly[if you don’t
follow the step below]open doors for cyberthieves.

E-GOLD SECURITY AND SAFETY

As far as safety and security are concerned,e-gold users who have


reported having their e-gold accounts hacked in the past may have been
responsible themselves due to lack of security on their own personal
computer rather than e-gold system.If you are going to move money
online you need to set up your pc to prevent identity theft.

THESE ARE THE STEP TO TAKE TO SECURE YOUR


ACCOUNT FROM CYBERROBBERS

1. You need anti-virus,firewall and anti-spyware.Even if you don’t


have your personal computer,check if the cybercafe you want to
use install them on their computer

2. Use Mozila Firefox with google browser whenever you want to use
e-currency account because it has advanced features.It is not
recommended to use windows internet explorer---------you can
download it at www.mozila.com
3. You must use seperate passwords for your various e-mail
addresses,online site,forum and e-gold.One of the easiest ways
hackers get to your account is via this type of laziness.This people
will just set up a fake program,have your register and enter a
password,pick up the password through the back office of the site
and try your email address.It’s surprising how often they score
passwords...with this method.

4. Once you have e-gold account you should consider creating a


seperate e-mail address just for the e-gold account.

5. Never open suspicious e-mail message.If you do open one and


think is from e-gold,never click on the link,even if it looks like
your payment proccessor’s real link.Just roll your cursor over the
link and you can see in the bottom of the page that it’s phising link
and not from e-gold.com.If you see strange e-mail message from e-
gold,beware!!! Post warning on it’s website[which you should take
time to read]that they don’t send out chatty update email account-
delete the message immediately.

6. You can also get a second e-gold account.Infact,some people and


online based businesses get two or more e-gold accounts-one to be
used solely for the high risk hyip,auto surf,forex and private
investment club and some other multi level marketing and a
seperate personal account that you keep your actual funds in.So,e-
gold security begin with you.

7. Always update your operating system for the latest system updates.

8. Always use ‘SRK console’when typing your password to access


your e-gold account.It may be time consuming,but it’s worth
it.especially if you have some money in your e-gold account.This
prevent keyloggers and trojans from loggin your typing on the
keyboard.

9. E-gold never ask for your passphrase.If you receive e-mails from
what seems to be e-gold claiming they need your loggin
information for reason,delete it!! It’s not e-gold.
10.Always delete cookies after you’ve used a computer in public
places[cybercafe]even at home.It is simple to do,on your browser
click “tools” then “internet option” a pop up will appear.Click the
general tab and “delete”cookies inaddition,you can delete offline
files and clear history.

11.Never use dictionary word as your password,like


information,wisdom ,street but you combination of letter and figure
and sign.[w5ty8ik43,d=y6nve911,wyoseewgt

12.Also,remember to ‘untick’ the small square botton beside the box


where you are required to type your e-gold account number.This
will prevent your account number from registring in the system
you are using to access your e-gold account.

HOW TO SET UP E-GOLD ACCOUNT

STEP 1-Copy www.egold.com in your browser.

STEP 2-Click on create an account on the left hand side bar of the e-gold
website.

STEP 3-In the next page you can read the e-gold terms and agreement,if
you want to or simply scroll down and click on ‘I AGREE’ button.

STEP 4-Then fill your needed contact detail and information,make sure
you use correct contact address.You ca fill in ‘online biz’ in the space for
description.Alternate passphrase is an alternate e-mail
addresses,passphrase is your[password],you must have to add number to
the password you choose as in[ rtyi854io],then use srk console.

STEP 5-After filling the form, click ‘open’button of the page.

STEP 6-An e-mail bearing your [e-gold account number]will be


automatically sent to your e-mail address.If you don’t it in e-mail box,
check your bulk e-mail.
HOW TO ACCESS YOUR E-GOLD ACCOUNT AND TRANSFER
MONEY FROM YOUR E-GOLD ACCOUNT TO ANOTHER PERSON
E-GOLD ACCOUNT.

STEP 1-Log into your www.e-gold.com.

STEP 2-Type your account number,your passphrase and then turing


number.

STEP 3-A pin number will be sent to your e-mail address.

STEP 4-You will copy that pin number in the box displayed.

STEP 5-Click on spend.

STEP 6-A payment order form will open for you which require detail.

[1]PAY-the account number of the person you wish to transfer


money to.

[11]AMOUNT-the amount of money you wish transfer .

[111]In the box,click on the small arrow at the end and click on US
Dollar’s worth of gold

[1V]MEMO-type the purpose of the money you wish to transfer.

[V]Click on preview

[VI]Payment order preview page will open for you.cross check if


the account name of the person you wish to transfer money correspond
with the in preview page and then check other information to see if they
are accurate.After that click on ‘confirm’ once you do that,the money is
automatically transfer immediately.

WHERE TO FUND YOUR E-GOLD ACCOUNT

1: You can fund your account through some e-gold exchangers,there are
many of them arround.contact them,you can also fund account through
us.
2:You can fund it through e-gold users like you in your area as it is no
more difficult to see them nowadays because many people having using
e-gold system.

In addition,you can use the process above to convert your e-gold dollar to
naira.