In this article, I’m going to share with you which e-currency exchangers I use to exchange , buy and sell my AlertPay and LibertyReserve . I’ll also discuss which e-currency I find is the best for my HYIP business. In fact, this article is the first in a series ( in the coming weeks ) about HYIP e-currencies and the best exchangers for LibertyReserve and AlertPay, these two e-currencies being the ones I use for my HYIP transactions. Paypal, ExchangeZone, credit/debit cards ,proper Forex timing and E-currency reviews are examples of important subjects I want to get onto in the coming weeks. Your free subscribtom to The Private HYIP Blog will give you VIP seats and allow you to make personal demands.
Before I begin today, I want to stress that the Canadian exchanger I use to buy and sell LibertyReserve might not be the best option for you, depending on the National currency you use ( mine being the canadian dollar ). That’s where you could personally become a great help for dozens of people :
Are you experienced in using your national e-currency to buy and sell LibertyReserve ? Do you live in United States ( USD ), China ( CNY ), Europe ( Euro ), Russia ( RUB), India (INR ), Latin America, Oceania or any other country ? If you answered yes, you could help some of your fellow investors who don’t really know how to proceed because they are new to HYIPs…
It would be awesome if you could share with us how you exchange your National currency into LibertyReserve. Simply post a reply at the end of this article and tell us where you’re from, which e-currency exchanger you use and how much it costs. The more people of your own country will share, the more you’ll be able to compare and see if your exchanger offers good rate or if someone else enjoys a better deal than you with another exchanger. I believe it’s really worth a try !
We’re all waiting for your comment or if you prefer contact me personally using the official contact form and I’ll publish your experience for you. Ok now , let’s get back to the subject of the day , in which I discuss the advantages of investing in HYIPs using AlertPay versus using Liberty Reserve ; which option is the best ?
When I was first introduced to the online HYIP world ( my story here ), I didn’t bother buying e-currencies such as LibertyReserve or AlertPay ( e-gold at that time ). Instead, I thought it would be wise to gain some experience by investing in HYIPs using ” fictive” amounts of cash. I could then conclude that HYIPs are really lucrative provided you you have the right knowledge. Time had come for real cash ( I started with $2000 ) and I had to learn how to buy e-currencies, find the best exchanger and then figure out how to withdraw my HYIP profits to my National Currency ( USD, CAD, EURO, Yen ). These complicated steps turned out to be quite simple finally :
- Open a LibertyReserve account ;
- Find the right exchanger for my National currency ( if you don’t, you’ll just have to pay an extra fee ( check with you Bank ) to convert USD, for exemple, into your own currency when you’ll be ready to cash your HYIP profits back into your banking account ).
- I then place an order with my exchanger to fund my Liberty Reserve account ;
- Et Voilà! I’m ready to start investing in a HYIP.
Of course, you could never have to use e-currencies at all if you always invest and witdraw using bank wire-tranfers. The problem is it’s not every HYIP that allow this funding method but that’s another story…
Using AlertPay e-currency in HYIPs :
To begin with, not every HYIPs are accepting AlertPay . The most important advantage of using AlertPay is, unlike LibertyReserve, my National Currency is converted directly into AlertPay, by AlertPay and not a middle-man. That means I don’t pay for the services of an e-currency exchanger since they are not part of the equation ( Click here to see how it works ).
AlertPay can be trusted and honestly, I think every HYIP investor should have an account because of their reliability, efficiency and simply because AlertPay is cheaper than LibertyReserve ( considering the exchanger fee ). Why not use AlertPay and save a few bucks instead of using LibertyReserve ? I only stay prudent with new HYIPs because their AlertPay account might not be legal. Sometimes, it happens that a HYIP scams because their AlertPay account gets blocked by AlertPay themselves ( at least that’s what we’re told ). This has nothing to do about using AlertPay as a HYIP currency but is in relation with the HYIP selection process.
On the other hand, I don’t hesitate to use AlertPay with time proven HYIPs like UniteTrade ( see the Private HYIP Monitor ).
My Best LibertyReserve exchanger :
Since 2006, I use Getemoney.com to buy and sell my LR ( LibertyReserve ) mainly because their office is close to where I live and because they deal with Canadian dollars. Their rate for selling/buying is around 3.5% and my money is taken/deposited directly from/into my Bank account, which makes the transaction simple , fast and straight-forward.
In fact, what my exchanger ( getemoney.com ) do is it converts my Canadian dollars into LibertyReserve and vice-versa. That’s why exchangers are essential if you want to deal with LibertyReserve, because they act as a bridge between your bank account and your libertyreserve account. Unlike AlertPay, LR do not deal with any banking account, allowing any transaction to be conducted anonymously.
Even if using LibertyReserve to invest in HYIP involves higher fees than using AlertPay, LibertyReserve stays a must, why? Simply because every single HYIPs accept LibertyReserve and only a few can be qualified as AlertPay HYIPs.
How to exchange AlertPay to LibertyReserve :
Like many people I know, I use xChanger to trade my AlertPay for Liberty Reserve or my LibertyReserve for AlertPay. There are many others, among which I tried alertexchanger.com or the unique exchangezone.com but xChanger.org is the one I prefer. They are time proven and most widely used across the HYIP industry :
In my book, it becomes a necessity to exchange my AlertPay to LibertyReserve when I want to get out of an AlertPay HYIP to invest into a LibertyReserve HYIP. Xchanger allows me to do that by paying a reasonable service fee, which is compensated by the profit I make by switching HYIPs. Note that xChanger doesn’t deal with my bank account, they simply offer me to exchange one e-currency for another. My National currency is not involved.
Now, does it make sense to fund my AlertPay account and then usexChanger to get some LibertyReserves? Is it less expensive than using my normal exchanger ( getemoney.com )? My answer is no. Unless I wouldn’t have the choice or couldn’t find a reliable exchanger for my National currency, then I would sure use AlertPay to fund my LibertyReserve account using xChanger.
All in all, using the right e-currency exchanger makes my HYIP business more agreeable. AlertPay and LibertyReserve are the most popular HYIP e-currencies and hundreds of exchanger are offering us their services. The key is to choose the one that better fits to our needs. I’ll see if I can find an exchanger for those of you who are still lost in the world of e-currencies. If you know where you’re going, it would be great if you could share how you exchange your National currency to LibertyReserve . You could really help someone!
My next article will be on how I define the HYIP industry, it’s cons versus its pros.
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