Trading limits, please help

Hi there, this is my first post so please be gentle

I have created a new basic account which is now a few days old. I wanted to buy some lindens, so i added $25 to my account balance from my credit card. Now if I try to buy lindens with that same $25 I get the message that I have reached my trading limit.

If I can't cash that $25 out and I can't buy lindens with it, what on earth am i supposed to do? The way I read the info on the site, I now have to wait a month before I can use that money to buy any lindens.

Is this a problem with having a basic account? Or is it that I'm still new? In theory, if I wanted to create a new av and buy $100 worth of lindens, how on earth would I do it?

Thanks for your patience I have read all the faq's but still cant figure this one out.

Ok first of all, you didn't have to add $25 to your account unless you want to do a limit buy. Second, your buying limit is $10 for the first 2 days. "Days" means days since your first billing transaction. What you need to do is buy $10 worth of Lindens. Two days later, your buying limit will be raised to $100 (which will really be $90 since you already spent $10), then you can spend the rest of the credit on your account.

So does my $25 payment count as a billing transaction? If so, I now have to wait 2 days until I can buy lindens with it?

If I use the full $25 to buy lindens, have I then used $25 of my limit, or $50 ($25 for the initial payment and $25 to use that same money to buy the lindens) ?

Sorry, I am very confused!

Edit: btw I tried only buying $10 worth of lindens and it still wasnt allowed. It counted the $25 upload as my trading allocation for today.

Also.....you don't need to add money to your account....LL will just use that for land fees (if you owned land and had a tier to pay) or apply it toward your account quarterly fee.......when you 'buy lindens' you simply use the buy linden option.......or, you can do it in world.....in the far right upper corner of your screen there's a little round button with an 'L'........if you click that in-world....you can buy L's right then and there.

The waiting period is standard when you first open a premium account.....LL is just making sure all the info is legit and that they actually get paid for those exchanges. But once you've passed that wait period.....you'll be able to grab L's when ever you need them.

(this is dangerous of course....especially having that little button in-world that lets ya grab more at any time.....bad bad bad idea LOL)

How about a basic account? Is it the same waiting period?

What annoys me is that its counting me adding $25 to my usd balance as a trade. All I'm doing surely, is allocating that money to be spent within SL somehow, in my case Lindens. The site says that purchasing lindens will take cash from your USD balance - that is the point at which the trade happens isn't it?

Waaaahhhh, now ive got 25 bucks sitting there that I cant spend, and no lindens

That may be convenient, but you'll get a worse exchange rate.

If you buy Lindens regularly, it's worth the effort to learn to do limit buys.

If you buy $L infrequently, it is still worth the effort. Actually there is no effort, put in a buy order for $50 at the highest rate available and it is done in a couple of minutes. It is also the best way to learn.

If you do that, you're essentially doing a market buy, so there's no benefit (other than learning value).

Instead, put in the buy order for one less than the lowest open buy order and it will be filled quickly at a better rate. Or put it in at exactly the lowest open buy order and it will be filled relatively soon - but could take a couple of days.