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.

Have you seen how many exchangers are out there ? For example there are 34 e-currency exchangers listed on Liberty Reserve’s Exchangers page: https://www.libertyreserve.com/en/exchangers/index.aspx. 34! You would say that there’s a fierce competition. Well, not quite since the target of these exchangers is very different as they target different parts of the globe: Asia, Africa, Europe, North-America, South America, Australia.

It’s hard for an exchanger to be able to satisfy all the locations of the world since he would need: bank accounts opened in different parts of the world for speedy transactions and lower fees, customer support personnel spread all over the world, ability to work with most common languages. That’s why I believe there’s still place within the industry for even more exchangers.

More exchangers > more competition > lower fees > more satisfied customers in the end. Competion brings lots of good things making hard for an exchanger to stand out as the best exchanger.

SolidTrustPay Exchanger, StrictPay Exchanger, LibertyReserve Exchanger.

If you came to this page, then you’re interested in how to withdraw your Liberty Reserve. You must already know that you can’t withdraw it directly from Liberty Reserve and you must go trough an exchanger. I have found the most cheapest solution to withdraw Liberty Reserve.

1. Exchange Liberty Reserve for Solid Trust Pay at the best exchanger here: http://xchanger.org. Right now, the fee for such an exchange is 0%. Yep, you read right! 0%!

2. Now that you got the money into your Solid Trust Pay account you’ll request an ACH transfer to your bank account, it costs usually $2 or $3.

So, the total fees are:

- 0% fee for exchanging Liberty Reserve to Solid Trust Pay.

- 1.5% STP fees for receiving the transfer from xChanger.org in your STP account.

- a few dollars for the ACH transfer.

That’s it. Now, if you find a cheaper way to withdraw Liberty Reserve please let me know. But, trust me, you won’t find. This is the cheapest way to withdraw your Liberty Reserve funds. Believe me!

If you’re looking for a Liberty Reserve exchanger or shorter put LR exchanger I’m sure you found lots of exchangers and you’re wondering which one fits you the best.

When choosing the LR exchanger you want to deal with you have to consider the following facts:

1. Deposit options / Withdrawal options - See if they offer a method that is cost effective for you and also can be processed pretty fastly.

2. Location of the exchanger. It’s always best to deal with a local exchanger if you have the opportunity and if the fees are reasonable. That’s because they can offer payment options better suited for you.

3. Fees! It’s obvious that the lower the fees are the more you can keep. Start looking for a reputable exchanger that offers low fees.

If you can think of more about factors when dealing with a Liberty Reserve exchange service let me know in the comments.

LR is the most used payment processor when it comes to the HYIP/Autosurf Industry because it’s cost effective and it gives you privacy.

All the best! Till next time.

If you are looking for a StrictPay exchanger there aren’t many on the market that deal with StrictPay.

That’s mostly because StrictPay itself as a payment processor is pretty new but as it’s gaining market share more and more are considering using StrictPay. StrictPay can be an effective alternative to SolidTrust Pay or AlertPay.

StrictPay exchanges are rising day by day and the need for StrictPay exchangers rises also.

If you are looking for low fees for a Liberty Reserve to StrictPay exchange take a look at xchanger. They exchange LR to SP for 0% fee. You read right! 0% fee.

I’m not aware of any other company that exchanges StrictPay.

Finding an xchanger company that does Liberty Reserve (LR) to Strict Pay (SP) exchange or LR to SP exchange is pretty hard. There are not many who do this kind of exchange.

Both Liberty Reserve and Strict Pay are user-oriented, altough StrictPay fees are twice bigger. Still, both payment processors are reliable and I recommend using both (”Never keep all your eggs in one basket”).

When it comes to popularity, it’s obvious that LR is much more popular, but SP is growing pretty quickly I could say also, and I won’t be surprised if in a few years it will become the main competitor to Liberty Reserve.

When it comes to exchanges, for Liberty Reserve are a lot of them, but for Strict Pay there are only a few. They still have to work in this field, because it’s for their own good.

Be very careful when doing exchanges with  xchanger companies.

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!

ECUmoney is the new guy on the block. This payment processor launched at the end of last year, around september-octomber. They are New-Zealand based. They are a private bank registered as  “ECUmoney Limited” under the reference number 2171140.

Legal address and address for Service

ECUmoney Limited
5th Floor, 369 Queen Street
Auckland, 1010 New Zealand
Tel. +64-93-035-579

To tell you the truth I’m pretty impress so far with ECUmoney. They seem like a solid company. Still, this doesn’t guarantee anything (remember e-gold ? They also looked rock solid and untouchable).

To fund your ECUmoney account you’ll have to go trough an exchanger. They have a list of “Accredited ECU Exchangers” here. The other funding method is done by loading ECU prepaid cards. Details here.

They also offer 27/7 support. Haven’t tried their support yet so can’t comment on how efficient they are handling support tickets. But still, it’s nice to have such a feature.

Looking at their security features it looks like one of the best security systems I have encounter in the payment processors world. I’ll mention here some of their security features:

• Exclusive ASL [Account Security Level]
  
  It shows the current Security Level of your ECU account and gives you recommendations how to increase it.
• Free DIGIcard option to login to your ECU account, providing the best security.
• Encrypted connections
  Connections between the ECU servers and your computers are encrypted with a 2048 bits Thawte Certificate.
• IP tracked sessions (*)
  If the IP address changes during a session, the session is immediately terminated and the user must login again.
• Time limited sessions
  The user has to login again about every 20 minutes
• IP Limited access
  You may decide to limit the access of your account to one IP, or one IP range (*)
• 3 levels of Passwords: Full access, History/Balance, Balance only (*)
  You can define a “Balance only” access password, a “Balance and History” access password, and your general password. All passwords can be created/deleted at any time.
• One Time Passwords, to use for example in internet cafes (*)
  When there is a risk of keylogging, use a One Time Password! You may define up to 3 OTP, that can be used to login only one time. OTP can be created/deleted at any time.
• Email notifications for any activity on your account (*)
  You can receive an email for any activity: Login, Sending or receiving funds, converting currencies, settings modifications, etc. You may ask to receive the new balance by email, or not.
• EXCLUSIVE: SMS notifications: Same than the email notifications, but sent by SMS to your cell phone. (*)

What have I told you ? Here you can find all the features.

Talking about their fees, they are very reasonable and smaller than many other PP’s like SolidTrust Pay, AlertPay, LibertyReserve, StrictPay, PayPal.

I really like the possibility of sharing the fees. It looks like a neat idea.

All in all it looks like a solid Payment Processor which I’m sure will gain more attention in the future. Kudos to ECUmoney!!