As mentioned on our homepage, E-currency exchange is essentially the exchange of one e-currency for another. You can think of it in terms of a real money example. If you’re going to another country that does not accept money from the United States, you would want to convert your U.S dollars to the currency of the country you’re going to. Companies that provide this service charge a fee for doing so. The same applies to e-currency. If you exchange one e-currency for another, there are “Merchants” who perform this transaction for you. These Merchants take a certain percentage for performing this service.
As you read on, I will be using terms you are most likely not familiar with unless you already know what e-currency exchanging is. Please refer to our Glossary if you want to know more about these terms.
There are two sides to the E-Currency business. There is the Portfolio side and the Merchant side. The Portfolio side is what you would expect. It is where you purchase and sell digots. Digots are digital currency that is the basis for the e-currency system. The Merchant side processes peoples requests for converting e-currencies and transferring e-currencies in and out of the system.
To get started in this business, you should read our Step By Step section to learn the order of things. You will only need about $25 dollars to get started, but I suggest starting with at least $200-$300 to get your portfolio growing faster. The basic steps are first to open an E-Currency Trading account. I suggest using DXInOne (formerly DXGold) because they’ve been around for 5 years and they are by far the leader in this industry. Once your account is created, you want to open at least one (I suggest 3) E-currency accounts. After you open your accounts, you need to fund one of them. The detailed steps for this are listed in the Step By Step section. Once you have money in your e-currency account (e-Gold, AlertPay, NetPay etc.) you then transfer that money into your DXInOne account. From there, you purchase digots and manage your portfolio.
When you first start out in DXInOne and e-currency exchanging, you begin on the portfolio side. There is now a waiting list to get on the Merchant (console) side. Since this whole system is based on supply and demand of ecurrencies, there can only be so many Merchant accounts. You will have to wait a while before getting your own console.
The best thing about the merchant account, is you have more flexibility and ways of making money in the system. You make money on all transactions you make and you also qualify for bonuses. The bad side is, you must log into your account a few times a day to maintain your account and process transactions. This can be more work that most people want to deal with on a daily basis. Also, if you travel a lot or go on vacations, it’s probably not the best thing to work with.
The Portfolio side takes work too, but much less. Once you get going, you can leave your account unattended for a day or two, but you won’t make as much money as you could if you did it daily. And again, you only need to spend about 20 minutes, once a day, on the Portfolio side to manage your account.
If you think you would like to get started and learn the steps you need to follow, just see our Step By Step section and it will guide you through everything you need to know. This leads into our DXSynergy Info section which gives some information regarding the DXInOne side of things.
And remember, you don’t need a DXInOne E-Currency Exchange course to learn this business. If you have some time to spend reading through our website and forum, you can start to pick up this business on your own. Many folks feel comfortable with both a course and the forum, so they at least have more than one source of information. Within forums, you can get inconsistent information. Folks can use their course to verify most of the information they get elsewhere to make the right decisions as they move forward. Most courses also have phone support, and some people find it comforting to know they can call a real person whenever they need advice.