What are e-currencies?

E-currency is precious metal-backed Internet currency. To open an account, an individual "deposits" money with an online e-currency company that then converts the amount into gold bullion. Via the Internet, the account holder can transfer ownership of some or all of that gold into someone else's e-currency account. Ownership can be repeatedly transferred.

Which e-currencies are the most popular?

Some of the more popular digital currencies include e-gold, Liberty Reserve, E-bullion, and Pecunix, to name a few.

Are all e-currencies gold backed?

Some digital currency offer only gold or other precious metals backing (e-gold), while others offer U.S. dollar and other soft, fiat currency backing (Webmoney), while others offer several types, include gold, silver, and fiat currencies (Liberty Reserve, E-bullion).

How do I fund my e-currency account?

Funding a digital currency account is easy, and is usually done through an intermediary, called an exchanger or exchange provider. Generally, to maintain a safe and separate financial structure, legitimate digital currencies do not hold bank accounts to avoid financial and other types of risks. Some of the more reputable exchangers are members of, and can be found at a listing in, the Global Digital Currencies Association - www.gdcaonline.org

How do I transfer money from my e-currency account to other account in the same e-currency?

Sending funds to another person from your digital account is as easy as clicking on "Spend," and putting that person's digital currency account into the spend form as the destination. One click, and the value that you want is transferred from your account to theirs.

How do I transfer my money from one e-currency to other e-currency?

To transfer funds from one digital currency to another type of digital currency (such as transferring from e-gold to Liberty Reserve), go here: www.autocambist.com