Open an e-gold account

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Origin of e-gold
e-gold, the first digital gold currency, was created to establish an ambitious alternative world currency backed by gold, with the view that the full faith and credit of the U.S. government may not always sustain the worth of the almighty dollar.

Nature of the e-currency
It is the most widely used and accepted electronic currency. The primary function of e-gold is to facilitate payments in gold between e-gold customers. A secondary function for e-gold customers is to use it as a payment system (for online purchasing). Ownership of the gold changes, but the physical bullion stays at the same place. There are currently 3 million e-gold accounts. The activity is estimated for 5 to 9 MUSD equiv. per 24 hours.

Gold storage
The gold based currency e-gold is 100% backed at all times by gold bullion in many allocated storages (London, Zurich, Canada...). The e-gold Bullion Reserve Special Purpose Trust exists for the express purpose of holding bullion for the exclusive benefit of all e-gold account holders collectively. The quantity of gold in circulation is among 3.25 Mgrams. e-gold measures weight in Troy Ounces (XAU) and Grams (AUG).

Country of incorporation
The group of related companies are Gold & Silver Reserve, OmniPay.net and E-gold Ltd. E-gold Ltd. is a trust based in the carribean island of Nevis.
The company Gold & Silver Reserve Inc. is a Delaware corporation.

Date of creation
This Gold Based Internet Currency - or GBIC - was deployed online in November 1996, even if this payment system was really conceived in 1995.

Accounts security
e-gold offers a virtual keyboard (SRK) to logg in, avoiding the risk of hacking by keylogger.

Since 2004 the AccSent security features have been added to the e-gold system (e-gold's Account Sentinel^TM). AccSent empowers you to restrict browser access to your account to a single IP address (or range of IP addresses). So this tool tracks the IP addresses used for logging in. The user will receive a one-time PIN code on its registered Email address when the IP address has changed. Consequently, the support of this e-currency records the IP addresses of every user (even if it was surely done from the beginning).

Because of the popularity of this GBIC, e-gold is frequently victim of fraudulent acts, so the main rules to remember are:
- never click on links from unsolicited Email messages, e-gold never sends you Emails (except from AccSent),
- e-gold will never send you an e-mail asking you to fill out your personal information,
- checking the browser location bar, the right address is https://www.e-gold.com/.
Link to all security recommendations: e-gold security.

Servers location
Data for the e-gold transactions is stored in the USA (in Melbourne, Florida). The company that operates e-gold is not required to file anything about these transactions to federal authorities (except through court order). So it's up to consumers to voluntarily report the results of their trades. For a high level of privacy, it's recommended for the American citizens to privilege the 1MDC system.

Current fees
- Account opening: free
- Storage fees: 1% per annum, deducted monthly
- Spend/transaction fees: from 5% (less than 0.05 AUG spend) to 1% (from 1 AUG spend), with a maximum of 0.05 AUG for spend fees. These fees affect receivers and not spenders.

How to open an e-gold account?
To open a free e-gold account, click on the logo

Founder
e-gold was founded by Doug Jackson, he is still the company chairman.