Noob needs help!

Hey guys,
Well i've been playing for a few weeks now and wanted to buy some lindens.
I read everything I needed to and thought I had to add credit and use the credit to buy lindens. So I added $25USD credit to my account, and I go to buy $25 worth of lindens and I get error messages and over the limit messages.
And I just found out you can buy lindens directly, and don't have to do it the long way like me, bit late for that
I try to buy $10 worth of lindens and I get this message:

This transaction would exceed your monthly billing limit by US$9.7. You have already billed US$25.00 of your monthly billing limit is US$25.00.
Couldn't reserve order.
The system encountered an error while processing your order, please try again.

What can I do? DO I have to wait 1 whole month just to use my credit!! Im not taking money off my credit card again, all im doing is using the money i already added as credit to my account!
Its really annoying to because I need to rent a shop,which are going fast, and i can't!
Anyone have any ideas/help?
Cheers guys and happy new year!

Adding credit is usually used for like if you want to prepay your membership or tier.
What you wanted was the buy screen. I forgot what the limit is for someone who is new but there is limits for first period you buy.
Even though you've been here 2 weeks when you buy first time I think there is limit.
here is info about buying limits here
https://secure-web0.secondlife.com/currency/describe-limits.php
When you want to buy go to your account page and click the left side buy...
if you think there is mistake you should log into the knowledge base and double check or put in a support ticket.
Sorry I can't be more helpful then this.
By the way, Welcome to SL
FD

You should be able to buy when the limit increases in 48 hours.

Yes there is a limit, I got caught in the same way. Don't waste your time putting in a support ticket, took them so long to answer I'd already found another solution (not that they had anything to suggest but wait!) and that solution is www.slexhange.com. Yes you will need to use your credit card again unfortunately (or Paypal) but you can buy L$ and withdraw in SL using an SLX ATM. I think your first transaction takes 24 hours to clear, but thereafter it is immediate, so you can see something you want to buy, go and deposit the US dollars and buy L$ in SL Exchange, then withdraw in SL and pay for your purchase.

Ok guys thanks for the help, not to mention how quick you are!
Well it will be 48hrs in about another 4 hours!
I hope it works, I came to that conclusion earlier but wasn't to sure and didn't want to birng that up to confuse anyone(or just to make less sence)
Once again thanks guys!
EDIT:
Didn't see the last post.
Ok not to sure now...my just wait it out..?
Also when I try buy any amount in Second Life it says i will exceed my montly billing limit of $25usd, so i suppose ill have to wait a month....thats very annoying and stupid if thats the case,i've waisted $25usd and will be leaving.

The first buying experience of Linden Dollars indeed sucks major. Had the same problem at my first purchase, same amount of 25 dollars even
As I recall it all depends how you buy, Limit buy went well where Market buy failed because of my trading limit back then. Might be the other way around though.
Really a thing LL should look into because people willing to spend in-world should be valuable to them On the other hand, 20 lurking camping bots does more for the number of logins...

Have a nice year, Marcel

Hmmm... dunno about these "beginning" trading limits, but a suggestion: If, under My Account, the Linden Dollar Exchange Settings are set to Advanced, then going to Linden Dollar Exchange and selecting "Buy L$s" should lead to a place where Market or Limit buys are available. One should *never* use the Market buy--just place a limit order for L$1 less than the lowest open buy order (so, currently, L$275/US$--as it's been for a long, long time now). Usually within just a few minutes, somebody will sell at Market and your order will fill--for about 3.5% less per L$ than a Market buy.

It may be worth a shot now--if Marcel's first recollection is correct, maybe the Limit order will go through before the Market order would. I just have no memory of those trading limits anymore, and the page describing the limits makes no sense to me.

wait.... when going through the LL website:
to BUY it is L$185 per $1US.
to SELL it is L$276 per $1US.

if i buy on SLX, will i GET L$276 for my $1US instead of the low 185?

I don't see the L$185 anywhere... it should be at least L$265 at Market because there's an enormous amount of open Sell orders at that price. On the LL Lindex, the L$275 limit buy I suggested above is about the same as the L$276 on SLX. (I've never understood how SLX can offer to sell L$ at the exact price of the best open Buy order on the Lindex. Guess they must make it up in quantity. )

You should only do this if you absolutely need to have the Lindens immediately. Otherwise, place the limit buy order for the same price (not L$1 lower) as the current lowest open buy order. Such orders are typically filled in less than a week (but you may need to keep a careful watch). Granted, it's a tiny difference, but one may as well get the best price you can. Besides, this strategy helps keep the price of Lindens down.


I don't know how trading limits affect things, but in general I'd expect that given a Market order and a limit order that's at the current market price would be filled on a first-come, first-served basis.

I don't see 276 on SLX, I see 275.3, which is between my "current lowest buy price" and your "L$1 less than current lowest buy" strategies. In other words, the SLX price and LL prices are consistent.

Both the Lindex and SLX are exchanges, so they're just middlemen, willing to sell at any price set by the actual seller. LL makes their money via a commission schedule, while SLX makes their money on the spread. What that means is that if SLX is willing to sell you Lindens at 275.3 L$ per US$, they have a seller who is willing to sell through them at 279.8 L$ per US$, with SLX keeping the 4.5 L$ difference. If you were to submit a limit sell order on SLX at 276, you wouldn't complete the sale until they found a buyer willing to settle for just 271.5 L$.

Also, don't forget that SLX charges a fee just to deposit USD with them via normal Paypal transfers. You need to go through less convenient routes to avoid this charge. At the quantities I buy, SLX has never been worth it for me.

go to the LL website, do a mock buy of $1US worth of lindens and tell me how many you will receive for that dollar...

then do a mock sell of $1US worth of lindens and give me that amount.

i get 185 and 276 respectively.

You're getting bit by the commission confusion.

The reason you only get L$185 on the buy is that 30 cents of your dollar went to LL as the commission. That's a huge 30% commission on a US $1 purchase. With the best sell rate currently 266 L$ per USD, 185/186 is about right for 70 cents.

If you want to get real numbers out, put real numbers in. If you're just doing a rough comparison, use 10 or 100 USD.

Better yet, learn to read the charts. If you're buying, look at the best open buy orders. As I said previously, you can get the lowest of the best open buy orders within a few days, at most a week and a half. Or you can get one less than the best open buy order immediately. Then tack on the 30 cent buy commission.

Aside: Try to avoid uninformative titles like "Noob needs help". You'd be more likely to get information from people more experienced with currency buying and selling if your title had been "Linden buying limits for newbie" or something similar.