The program egoldinstant is requiring its members to move over to this exchanger.
Here's a little information:

What is Liberty Reserve

Liberty Reserve is an account-based payment system where you can store value in U.S. dollars and transfer payments to others and receive payments from others. It is safe, reliable and confidential. Payments are irrevocable (meaning they cannot be reversed). Liberty Reserve is instant, real-time currency for international commerce. In just minutes, you can send and receive payments from anyone, anywhere on the globe!

e-Currency

E-currency, or digital currency, is a stored value and payment system, usually account-based, that allows users to store funds (such as Euro, USD, Yen, etc., and metals such as gold, silver, etc., or anything else of value for that matter). The main feature of a digital currency is that spends (payments) are irrevocable, unlike bank payments (wires, checks), and other systems that have similar features (online payments) but can easily reverse payments, such as PayPal.

Digital currencies evolved as a need for merchants to have an alternative to credit cards due to the high cost of accepting credit cards (credit card % fees and fraud). Merchants using digital currencies get paid, and stay paid, lowering their costs of operation, eliminating fraud, and pass on the savings to their customers.

Security

One of the most important features of Liberty Reserve is the security of your account. Passwords, PIN's, stop account feature, and anti-keylogger (trojan) login system are just a few of the security precautions that Liberty Reserve has added to keep your value safe and secure within your account.

Nothing works better, however, than your own due diligence when it comes to security. Always use an anti-virus for safe computing.

Wallet

The wallet allows you to quickly access a dedicated portion of your funds in Liberty Reserve using a faster login procedure if you wish to pay someone quickly. It is recommended that you keep only a small amount of value in your wallet because the security procedures necessary to access your wallet are less than the security procedures to access your full account. In order to transfer funds from your account to your wallet, you will need to login to your account, and do it from there. You are not required to initialize a wallet, and are free to make payments from your account without using the wallet. This is an optional feature for your convenience.

Once you have funds in your wallet, paying someone is very easy and quick, with a faster login process.

Withdraw

You can withdraw (redeem) value from your Liberty Reserve account by using any number of independent exchange providers listed on the Liberty Reserve website. Usually, exchange providers will have an account number starting with the letter, "x".

Exchange providers are not affiliated with Liberty Reserve and your dealings with them are at your own risk. We recommend that you only use exchange providers that are members of the Global Digital Currencies Association.

Deposit
You can deposit funds or value to your Liberty Reserve account by using any number of independent exchange providers listed on the Liberty Reserve website. Usually, exchange providers will have an account number starting with the letter, "x".

Exchange providers are not affiliated with Liberty Reserve and your dealings with them are at your own risk. We recommend that you only use exchange providers that are members of the Global Digital Currencies Association.

1. Definition of Terms

USD backing the Liberty Reserve currencies is held in trust by The Liberty Reserve Special Purpose Trust for the exclusive benefit of all Liberty Reserve account holders collectively.

1.1. "Liberty Reserve"; means the currency backed by USD; the word "Liberty Reserve"; is a registered trademark.

1.2. "Issuer"; means Liberty Reserve., a Costa Rica Corporation. ...

Service Fees and Fee Comparison Chart

Receiving Spending
Transfers $0.00 $0.00
Optional Privacy — $0.75
Monthly Fee $0.00
Account Opening Fee $0.00


Fee Comparison Chart https://www.libertyreserve.com/en/fees/
Liberty Reserve e-gold PayPal Pecunix AlertPay WebMoney
Location Costa Rica USA* USA* USA* USA* Russia
Balances fluctuate with the price of gold?
No Yes No Yes No No
Transaction Fee
0% 1%-5% 2.4-3.4% .15-.50% 3.9%+$.59 0.8%
Minimum Fee $0.00 ~$0.01 $0.30 ~$1.18 $0.59 $0.01
Maximum Fee $0.00 ~$1.18 $1000+ ~$70.80 $1000+ $50.00
Monthly Fee $0.00 1/12%/total $0 $0 $0 $0
Optional Privacy Fee
$0.75 N/A N/A N/A N/A N/A
Cost of a $100 Transfer
$0.00 $1.00 $3.70 $0.50 $ 4.49 $0.80
Cost of a $1000 Transfer
$0.00 ~$1.08 $34.30 $5.00 $39.59 $8.00
Cost of a $10,000 Transfer
$0.00 ~$1.08 $340.30 $22.00 $390.59 $50.00

* — Administration and bank accounts are under US jurisdiction.

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has any of you actually signed up for a Liberty Reserve account yet? I've recently registered and have heard good reports about them so far....

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Liberty Reserve

Hello Sofaking,
I've been using Liberty Reserve for about 2 months now with no complaints.
However, last week there was a rumor that the FED had ordered the LR offices in Costa Rico be raided in accordance with MLAT agreement (Mutual Legal Assistance Treaty MLAT) between the US and Costa Rico. For information about MLATs - http://travel.state.gov/law/info/jud...icial_690.html
The rumor was there was concern for money laundering related to a gamling book site. As it turns out, it does not appear that CR and the US have a MLAT.
However the MLATs in place with other countries as listed on the above site gives me heartburn, with regard to the locations of other so called "safe" ecurrencies.
I haven't had any problems with LR to answer your question.

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thanks for the info. think I heard about that "raid" on the LR offices but apparently it was a false alarm....

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Liberty Reserve

LR responded on the LR blog.

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I checked out a couple of exchange providers - WM-Center charges 3%/in and 3% out to/from LR and Cambist charges 3%/in and 5% out + $35 fee to/from LR.

I am currently using e-Bullion which doesn't use exchange providers (unless I'm missing something). e-Bullion has no charges in wire in, 2% to wire out + $25 fee and an $8/mth account service fee.

If I stick with e-Bullion, I'm limited as to the number of HYIP I can invest in, but the fees will be less than if I go the LR route.

Any thoughts on how I'm viewing things here?

Just like HYIPs, it is best to diversify your DGC as well. eBullion has been criticized due to its affiliation with the US, if fact a FED raid has been predicted.
Also, eBullion has a great method of snagging their fee just when you are about to spend it. (Hate when that happens).
IMO at least 3 currencies are recommended. c-Gold was predicted to be the next best DGC after eGold, but I don't see that this has happened. Liberty Reserve is everywhere now, but this week has stalled many program payouts due to ddos.

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Good reply, but what does DGC stand for?

DGC = "Digital Gold Currency".

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Why do you think that e-bullion "doesn't use exchange providers". Many exchangers work with e-bullion.
I use both e-bullion and Liberty Reserve and exchange between them at e-forexgold.com