E-gold is a digital currency that was created in 1996 as the world’s first electronic payment system backed by precious metals. It allows users to store, transfer and trade gold electronically with low transaction costs. The e-gold network is based on an open source protocol called Gilded which uses cryptographic technology to facilitate secure transactions.
The main purpose of e-gold was to create an alternative form of money that could be used for international commerce without having to rely on traditional banks or governments. Unlike other types of currencies, the value of e-gold does not fluctuate due to market forces such as inflation or speculation; instead it remains constant against a physical asset (i.e., gold). This makes it attractive for individuals who want stability and security when making payments online or exchanging cash between different countries and regions.
Using e-gold requires setting up an account with one of its authorized service providers, such as GoldMoney Incorporated or EgoPay Limited – both are registered members of Financial Action Task Force (FATF) which monitors global anti money laundering activities around the world. Once you have set up your account you can then buy and sell gold using various forms including bank transfers, credit cards, debit cards etc.. You also need access internet banking services so that you can move funds from your bank accounts into your designated wallet address associated with your chosen provider’s platform/interface/website where all trading operations will take place securely under their custody arrangements subjecting clients’ assets protection policies provided within each respective user agreement documentations .
Once setup has been completed successfully ,you may now start buying & selling GOLD coins at pre agreed terms via these providers platforms after conducting necessary verification procedures required upon initial registration processes according customer KYC regulations established worldwide by financial regulators like FCA – UK , FINMA – Switzerland , CySEC & ESMA EU etc ..
To withdraw any earned profits from trades conducted through these channels just follow simple withdrawal instructions given via interface allowing client’s full control over his own funds while being able track every movement anytime he wishes too !
