What is different between egold and liberty reserve

[Derek]

Hello members. Can I know what is the different between egold and liberty reserve? Can both be use as gold investing? I read in the internet to ask and buy gold due to good price. Which one should I choose? Thx. Derek

[Llamalord]

Both seem to be the same, the only good difference is that liberty reserve doesnt have a stupidly high fee.

Apart from that it seems to be about the same as egold and paypal (paypal being one of the most expensive ones around)


But it does seem that egold is excepted more then liberty reserve, but that just from what I have seen, if you want to use it make sure that what you are going to use it for excepts either egold or liberty reserve (or sign up for both)

[Derek]

Thx Llamalord for the helpful advice Why I ask this question is because when I go to money exchange forum I can see a lot of people want to exchange Liberty Reverse to egold so I think people must prefer egold more. So they still use egold although their high fee higher because more accepted

Originally Posted by Llamalord

Both seem to be the same, the only good difference is that liberty reserve doesnt have a stupidly high fee.

Apart from that it seems to be about the same as egold and paypal (paypal being one of the most expensive ones around)


But it does seem that egold is excepted more then liberty reserve, but that just from what I have seen, if you want to use it make sure that what you are going to use it for excepts either egold or liberty reserve (or sign up for both)

[Llamalord]

I think its easier for people to use egold because there are also a lot of companies which can transfer from other companies (such as paypal) to egold whereas it seems alittle harder else where.

Its really jusr down to what you want to use it for

[Derek]

Is it right when people say egold is good only for gambling? Some say people use it because no charge back is allowed and often like on high scheme ponzi site. They say egold can steal your money by closing account with many money.

[Llamalord]

egold can be used to gamble and purchase some items which cant be purchased via paypal etc. Its mainly due to the fee's yes :P.

Thats all I really know about egold really now will look into it alittle more because some students talk about it alot and ask me and the team (IT team) about random things all the time so might do me some good

[hwang]

Yeah, moreover, it's more towards investment. But just to take note. Funding and withdrawing money with either these two is actually not that easy cause you have to go through exchanges. And there's no bank account to support them to make withdrawal directly to banks.

[titaniumhijau]

The different? Not really a big different. I can said its good both company really exist. We need e-gold and LR. SO far, the good thing, both e-currency never can refund. That really make many people like to use it.

[Derek]

I like also because customer cannot charge back. I want to compare fee see who better and hear feedback on their service. I use egold now and I like it.

[hwang]

I don't think that matters which ever you choose. For me, I would go for egold because more people are using it and more famous. In fact, I rarely hear people asking for payment using LR.

[titaniumhijau]

Originally Posted by hwang

I don't think that matters which ever you choose. For me, I would go for egold because more people are using it and more famous. In fact, I rarely hear people asking for payment using LR.

If you ask me 3 years ago. E-gold is more better and famous today. Maybe because its hard to get refund and many people use it. Today, i can said paypal are more famous and many people use it especially from my country.

[hwang]

Basically there are pros and cons to each payment processor. Your choice in fact is not limited to only e-gold and liberty reserve. There are others like Alertpay, Moneybookers which I think you should check out as well.

Originally Posted by Derek

I like also because customer cannot charge back. I want to compare fee see who better and hear feedback on their service. I use egold now and I like it.