What the exchange rate to convert Paypal to Egold?

hwang · #1 (**permalink**) 12-22-2007, 11:35 AM

Although the practice is illegal, I've seen many forums where people are involved in exchange of e-currency from either paypal to e-gold or the other way round. Some of those offers are like 1.1paypal to 1egold while the more outrageous ones could be something like 1.2paypal to 1egold. Although we know generally egold will command higher price compared to paypal, how much do you think according to your opinion are you willing to pay for the price of one unit of egold? Myself, the limit which I'm willing to pay is up to 1.2paypal for 1 egold depending on the current gold price. How about other members here? What is your limit?

titaniumhijau · #2 (**permalink**) 12-22-2007, 01:24 PM

Depend on the seller and buyer. Its hard to get 1 : 1 when you deal with other exchanger. So, you need to negiotate first if you like to do that exchange.

nursehk · #3 (**permalink**) 12-23-2007, 01:30 AM

usually its 1.1 to 1 because of the paypal fees. but its not recommended if the trader is not well known. for your own security.

titaniumhijau · #4 (**permalink**) 12-23-2007, 08:16 AM

Quote:

Originally Posted by nursehk

usually its 1.1 to 1 because of the paypal fees. but its not recommended if the trader is not well known. for your own security.

Never blame to others people if you got cheat or got refund.Its your own risk. If your paypal was freeze, its also your fault. Like we know, paypal not allow it.

hwang · #5 (**permalink**) 12-25-2007, 05:23 PM

There are people who are actually accepting 1:1 exchange. I think that is really undervalue your egold currency. First it is harder to do an in exchanges to your egold account that is why the exchange rate is higher than paypal. Another thing gold price is now going up so never try to under exchange your egold.

titaniumhijau · #6 (**permalink**) 12-26-2007, 09:07 AM

Quote:

Originally Posted by hwang

There are people who are actually accepting 1:1 exchange. I think that is really undervalue your egold currency. First it is harder to do an in exchanges to your egold account that is why the exchange rate is higher than paypal. Another thing gold price is now going up so never try to under exchange your egold.

Yes. but its rare to see that exchanger. Some of them will never do that if that really make them not earn any profit. So, you can try to seek and search. But its hard. I also will never do that.

hwang · #7 (**permalink**) 12-26-2007, 06:35 PM

Many of the egold exchanger are known to be scam. That's why funding e-gold is getting harder nowadays and usually this will involve wire transfer involving significant fees. With that, egold value will always be higher because it is harder to fund.

titaniumhijau · #8 (**permalink**) 12-29-2007, 09:00 AM

Yes. Most of them who will paying you by bank wire is scammer. They will runaway your money and most of them will ask you to pay them by e-gold. They know they will get refund if they use paypal. So, be careful about that when you want to exchange with someone.

hwang · #9 (**permalink**) 12-29-2007, 04:32 PM

Nowadays you can also see certain people paying up to 1egold:1.25paypal. It's really good time for a gold collection. Have you guys noticed? Gold is now back to over 800USD per oz.

titaniumhijau · #10 (**permalink**) 12-30-2007, 06:30 PM

Quote:

Originally Posted by hwang

Nowadays you can also see certain people paying up to 1egold:1.25paypal. It's really good time for a gold collection. Have you guys noticed? Gold is now back to over 800USD per oz.

Yah. Its normal now and i believe many people love to do that. I hope some of you will deal with someone you know. Never did with someone you know first time. Its dangerous unless you know that person really can help you.