E-currency Exchange Blog

Global Digital Pay or GDP, a British Virgin Islands company, incorporated in 2008 is the newest e-currency that has potential on the market. They have the potential to become a very serious competitor to Liberty Reserve because of the people behind it, very trustworthy as they’re the same owners of LondonGoldExchange, a very known exchange service.

I really believe that GlobalDigitalPay will have a very fast growth and are going to be a serious e-currency in the time to come.

Global Digital Pay is more like Liberty Reserve or C-gold or Pecunix rather than like Solid Trust Pay or Strict Pay, the first ones being e-currencies as for the last ones payment processors. There is a difference between an e-currency and a payment processor. That is to be discussed in a future article.

GDP has a nice & clean design, a very native structure. The loading time is a bit long, they might want to improve their server’s hardware as they continue to grow because this is the most important/critical point of an e-currency: to be online and accessible 24/7/365. The way to fund and withdraw your GDP is done trough exchangers and they have quite a list of exchangers trading GDP.

There are not many exchange companies that are doing Strict Pay to Liberty Reserve exchanges or SP to LR exchange simply because Strict Pay is not such a popular payment processor yet. And another reason is that you were able to do this kind of exchange from Strict Pay site, but they’re not offering this feature anymore. You can find more about why they stop it in their news section.

You need to verify your Strict Pay account before doing any kind of transactions. Their policy. They are very fast when it comes to verify your account. You won’t have to wait for days/weeks.

Strict Pay and Liberty Reserve are the two processors I love the most. Just hoping that Strict Pay will gain more market share in this though payment processing industry. They deserve it.

Always be careful when engaging in e-currency exchanges with unkown persons or xchanger companies.

You should be able to find e-currency exchange services that are doing Liberty Reserve to Solid Trust Pay exchange or LR to STP exchange much more easily than the other way around since they (exchangers) don’t risk anything when they take Liberty Reserve as LR as a “Get paid, stay paid” policy. From this point of view it should be much more easy.

Time ago, you were able to fund your SolidTrustPay account directly with LibertyReserve funds but that’s not possible anymore. So you have to search and find a reputable exchanger to be able to move funds from LR to STP.

Still, you’ll need to verify your account at STP before conducting any serious transfers in their system. Liberty Reserve on the other hand doesn’t require any form of verification, I believe they’re not required to since they are Costa Rica based and not Canada like SolidTrustPay.

Anyway, be careful when dealing with unkown people or companies when doing e-currency exchanges.

Take care!

There aren’t many exchangers that are doing Solid Trust Pay to Liberty Reserve exchanges or STP to LR exchanges shorter said. Even if both PP’s are widely used in the autosurf and hyip industry.

Just do a google search and you will see that on the first page there’s no exchanger that does this kind of exchange. I believe that many don’t work with STP since they allow chargebacks. So, if someones hacks another STP’s member account and does a STP to LR exchange, the exchanger will pay the LR and in a few days, the genuine owner of the STP account might ask his money back; he will certainly do that once he founds out that someone transfered funds from his account.

Since there are not many e-currency exchange services that takes SolidTrustPay be careful with who you are dealing. And always if you buy STP with LR always hold the funds for 24-48 hours before making the LR transaction. Just in case, you never know with who you are dealing with!

Take care!

…is going to be Liberty Reserve, Perfect Money, SolidTrust Pay, Strict Pay or AlertPay (no particular order) ? We don’t know, nobody knows (only maybe the admins themselves). Or maybe none of them will and they’ll continue to be in business years after today. But we should remember the downfall of e-gold, CEPTrust, Altergold and e-bullion.

The best thing to do in these circumstances is to minimize the risks, which means not to have all your eggs in one basket. If one goes down, well, you lost an important part of your funds but not all the funds.

Also, when it comes to exchanging e-currencies between one and another you should be very careful with who you handle your money. It is known that there are many scammers out there. So, do your due diligence, go to related forums, ask for opinions on different exchangers and see what suits you best.

On the next article we’ll talk about how you can protect yourself when making an exchange person to person (these can be done on different boards most usually).