Currency exchange with e-currencies
Moving and Exchanging Funds
Just as national currencies work well between users within a nation, e-currencies work well between users of the internet.
Moving funds between these worlds however, is quite complicated, slow and expensive.
Exchangers can absorb these difficulties and facilitate quicker and cheaper transactions for their clients.
Although trading with e-gold is instantaneous, the exchange between currencies can take 1-2 business days.
For this reason it is generally convenient to exchange in amounts that anticipate longer term use rather than make frequent small exchanges.
Choices
In the first place you should be aware that you can bypass exchangers altogether by arranging to wire the funds through a bank etc. yourself.
As hinted above, this isn't a very sensible choice in most cases, but it's good to know that the option is there.
There are plenty of exchangers to choose from, and there is no obligation to use one exclusively.
However, most exchangers only accept cash deposits for a few major currencies.
The one likely to be suitable for most readers is eForexGold™, which also serves as a good general example.
eForexGold™
eForexGold™ accepts cash deposits in:
Australia, Austria, Canada, Cyprus, Czech Republic, Denmark, Germany, Hong Kong, Hungary, Indonesia, India, Israel, Malaysia, New Zealand, Norway, Panama, Philippines, Poland, Singapore, Spain, Taiwan, USA.
Unlike many other exchangers, eForexGold™ doesn't try to hook you into some membership arrangement before letting you get things done.
You can read more about how it works on our eForexGold™ page.
Also we have a step-by-step guide to buying e-gold through eForexGold™
Other Exchange Services
We do not have first hand experience with the following and cannot provide advice or recommendations concerning them, however they might be good starting points for your own investigation into alternatives.
Asia
Asiana Gold
Accepts cash deposits in: Malaysia, Singapore, the Philippines.
The Gold Shop
Accepts cash deposits in: India, Malaysia, Singapore, the Philippines and Canada.
Eastern Europe
Sites for these countries generally lack English language versions and I was unable to find any that I can be sure would accept online cash deposits.