E-Currency: Opening an e-gold Account

How to open and fund an e-gold account—no pusillanimous puns or irritating innuendo here—just plain old fashioned information—so don’t fall asleep—if you’re a merchant and offer e-gold as a payment method, then feel free to link to this “how to” page, or, if you prefer, copy and modify it for use on your own site. ... Masochistium Clickium Hic!

Mandatory Account Items

To open an e-gold account you’ll need to enter values for the following mandatory items:

  • Account Name
  • User Name
  • Name
  • Address Details
  • Telephone Number
  • Email Address
  • Passphrase [main]
  • Alternate Passphrase

The “Account Name” is specified by you. It’s the name displayed, by way of confirmation, when someone makes a payment into your e-gold account. The “User Name” is also specified by you. It’s the name used by e-gold for accounting purposes.

The “Name”, “Address Details”, Telephone Number”, and “Email Address” items represent the standard personal details requested during most account creation processes. At present, e-gold makes no attempt to ascertain the veracity of the information entered.

Each of the two passphrases must contain at least six characters, must contain at least one letter, and must contain at least one digit.

It is advisable to create your e-gold account on a computer that is adequately protected by a firewall and that has recently been swept using an anti-virus / anti-spyware software suite.

Opening an Account

Procedure

Navigate to the e-gold home page using the following link:

On the home page, in the upper left-hand corner, you’ll find a menu item entitled “Create An Account”.

Click on it and you’ll be taken to the “User Agreement” page. If the terms and conditions are acceptable, then click on the button labelled “I AGREE”.

The “Account Creation Form” will be displayed. Confirm that you have a secure link to the e-gold site before proceeding (the “gold padlock” icon should be displayed by your browser, and the web site address that appears in your browser’s address bar should begin with “https”).

Enter the information requested on the “Account Creation Form”.

Press the button labelled “Open” to complete the account creation process.

An email containing your e-gold account number will be send to the e-mail address you specified on the “Account Creation Form”.

Notes

Only the items listed in the previous section are mandatory.

Take special care to enter the e-mail address correctly (an error made in entering any other item can be corrected later from within your e-gold account).

Using the button marked “SRK” to enter the passphrase is optional. Moreover, this button will be disabled if your browser has been correctly configured to protect your anonymity. Instead, you can type the passphrase directly into the designated fields. Ensure that the passphrase is not being covertly recorded: (1) By someone filming the keypresses you make whilst typing in the passphrase (for example, using a picture-phone with video capture functionality); or (2) By spyware present on the computer you are using.

Accessing your Account

To access your e-gold account, go to the e-gold home page (see link above). Select the menu item “Access Your Account” in the upper left-hand corner. Then enter your e-gold account number and passphrase when requested.

Funding your Account

An e-gold account is similar in terms of the way it operates to a foreign currency bank account (though it operates within a different legislative framework).

To fund your e-gold account you will need to use the services of one of the many market makers who will sell you e-gold for fiat currencies—such as dollars, euros, or pounds—in return for a commission. The same market makers will also purchase your e-gold and pay you in the fiat currency of your choice should you wish to sell your e-gold at some future date.

Many different payment methods are available: bank wires, cash, certified checks, credit cards, electronic transfers, IBAN, MoneyGram, money orders, postal orders, Swift, and Western Union.

For a list of web sites offering e-gold exchange facilities follow this link:

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