Other than SLexchange?
How do the regular casher outers do it?
Appreciate the advice...
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Is there a better way to cash out Lindens? |
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Jake Ansett
Registered User
Join date: 29 Oct 2006
Posts: 225
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10-28-2007 16:12
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poopmaster Oh
The Best Person On Earth
Join date: 9 Mar 2007
Posts: 917
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10-28-2007 16:20
what could be better then lindex or slexchange, both depost to paypal rather quickly
whatmoredoyouwant? _____________________
InSL u find every kind of no-life retard you could possibly imagine as well as a few even Tim Burton couldnt imagine u find 12yr-olds claiming to be 40 men claiming 2 be women, women claiming 2 make sense and every1 claiming 2 have ideas that are actually worth a damn if only someone would just listen to their unique innovative and exceptionally important idea
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Phoenix Psaltery
Ninja Wizard
Join date: 25 Feb 2005
Posts: 2,599
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10-28-2007 16:32
I generally use SL Exchange, and usually have my money in my PayPal account within five or ten minutes.
P2 _____________________
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Jake Ansett
Registered User
Join date: 29 Oct 2006
Posts: 225
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10-28-2007 16:41
Just seems there is such a big gap between the 'buy' and the 'sell' pricing.
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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10-28-2007 16:56
Just seems there is such a big gap between the 'buy' and the 'sell' pricing. that`s LL`s 3.5% take _____________________
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Jezebella Desmoulins
Registered User
Join date: 4 Nov 2005
Posts: 561
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10-28-2007 17:08
Just seems there is such a big gap between the 'buy' and the 'sell' pricing. That's the reality of any currency exchange. |
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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10-28-2007 18:13
Everyone has to take into account LL's 3.5% cut, otherwise they wouldn't make any money. The question, then, is how fast do you want your cash? If you are willing to pay a premium to have your money in 10 minutes, use something other than the LindeX. If you can wait a week or two, use the LindeX.
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Bloodsong Termagant
Manic Artist
Join date: 22 Jan 2007
Posts: 615
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10-29-2007 08:09
heyas;
IS it the 3.5% or is it the buy/sell difference? because fiddling with the buy/sell here on secondlife.com, i can get 186 ells for 1 dollar, but to get one dollar out, i need to sell about 286 or so? that seems a high spread to me, too. and that's just typing in numbers, not going through the transaction to get to the 3.5% cut. not that im a financial guru, by any stretch of the imagination. |
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poopmaster Oh
The Best Person On Earth
Join date: 9 Mar 2007
Posts: 917
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10-29-2007 14:28
you are buying too little, the fee is eating it up at 1Dollar thats why you see that big differance.
the sell has a 30 cent fee on a 1 doll transaction doesnt leave much leftover ;p For real : Use Market LIMIT Orders for BUY and SELL and you get a MUCH better rate If you dont understand how limit orders work, read the stuff on the lindex page or read this page http://www.sec.gov/answers/limit.htm _____________________
InSL u find every kind of no-life retard you could possibly imagine as well as a few even Tim Burton couldnt imagine u find 12yr-olds claiming to be 40 men claiming 2 be women, women claiming 2 make sense and every1 claiming 2 have ideas that are actually worth a damn if only someone would just listen to their unique innovative and exceptionally important idea
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Bloodsong Termagant
Manic Artist
Join date: 22 Jan 2007
Posts: 615
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10-31-2007 10:37
mmm....
no, i sold 20K in ells and got 69.93. that STILL comes out to 286 ells per dollar. 285 - 3.5% is NOT 186. even my math-incapable brain can see that. or is that 3.5% of my 69 bucks is NOT 100 ells? gawd, im SO confused! |
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Oryx Tempel
Registered User
Join date: 8 Nov 2006
Posts: 7,663
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10-31-2007 10:45
L$20,000 / 277 (average sell rate) = $72.202
$72.202 * .035 = $2.527 $72.202 - $2.527 = $69.675 Give or take a few L$ on the exchange rate. That's how they do the math. _____________________
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Atashi Toshihiko
Frequently Befuddled
Join date: 7 Dec 2006
Posts: 1,423
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10-31-2007 10:45
I've never used SLX's exchange and I haven't really understood their "pips" terminology.
On the LindeX though, it seems pretty straightforward to me -- Sell L$265 = US$1.00 Buy L$275 = US$1.00 The difference between 265 and 275 is --- about 3.5% Actually 265 times 3.5% is 9.275, so L$265 becomes L$274.275 but the difference between that and the 'buy' offers / market buys is (I think) the 30 cents per purchase that LL takes. Really though, the L$10 difference between the buy's and the sell's works out to LL's take. That's my simple grasp of the LindeX currency exchange. -Atashi _____________________
Visit Atashi's Art and Oddities Store and the Waikiti Motor Works at beautiful Waikiti.
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