What is e-gold?

They are both legal, PayPal has over 105 million accounts and e-gold Ltd, has just over 3 million. They are both digital currencies you can transfer to anyone online, anytime, someone in India can go online and transfer e-gold to another user in Russia, or the USA. The transaction is instant and not reversible. PayPal restricts its use to certain countries, you can see which ones here: http://www.paypal.com/cgi-bin/webscr?cmd... e-gold Ltd, allows all persons around the globe access to an account, all countries. PayPal makes the distinction between a "customer" account and a "merchant" account and charges all sorts of fees for merchants and users. See PP Calculator - http://www.ppcalc.com/ e-gold does not make that 'customer is different from the merchant' account distinction. All e-gold account are exactly the same you are a merchant online accepting e-gold the moment you open the account. To fund a PayPal account you go directly to PayPal and can use the usual methods CC and Bank. etc. To fund an e-gold account you DO NOT go to e-gold Ltd, you must use a third party agent who will keep e-gold in his account and sell it to you for an additional fee- which is free market. There are over 100 agents, and several dozen methods to fund your e-gold account, please see http://gold-pages.net for all popular agents and methods. Here are some good agents accepting e-gold funding in India: http://www.exchangeg.com/ http://www.thegoldshop.biz/ (ICICI bank cash deposit) When you are ready to get your funds out of the digital e-gold account you will need a Prepaid debit card that accepts e-gold: lots of them available and cheap, no ID required, please see listings: http://gold-pages.net/e-gold_debit_cards... Its instant for most debit cards, to load with e-gold and take cash out of ATM moments later, very easy and fast. See mygcard.com or bluebanking.com , bestgoldcard.com Finally, PayPal requires identification and verification of the new account holder before allowing you access to use the account, and when you open an account you agree to their terms you are giving them access to your personal informaiton: ""You authorize PayPal, directly or through third parties, to make any inquiries we consider necessary to validate your registration. This may include ordering a credit report and performing other credit checks or verifying the information you provide against third party databases."" This PP verification is done before you can use the account. E-gold allow you to use the account instantly after you open and there is no ID or online personal verification at that time. http://www.the-gold-blog.com also has some good info from time to time, or see the GDCA http://www.gdcaonline.org happy mylot day.