Why are people still selling L$ on the LindeX?

Wow somebody just cashed out 2 million L$ on the LindeX at L$277/1 which after commissions is about L$287/1. Currently on the Slex there is 2.9 million being pruchased at L$286.9/1 after the 4.5 PIP and the PayPal transfer on the Slex is twice as fast as the LindeX transfer. Why don't the big money players at least check before rushing to sell?

How do you see individual transactions, to know that a single person cashed out at market rates 2 million L$?

I don't see individual transactions, it was just a guess. At 12:20 there were L$300,000 traded but at 12:25 there were L$2,455,000 traded and the amount of L$ offered at L$277/1 dropped by L$2,000,000. So it may not have been a single transaction but L$2,000,000 was sold at the market during those 5 minutes and the rate on the Slex was actually better and still is. There are debates about which exchange is better for getting your USD faster but normally the exchange rate for sellers is much better on the LindeX. Currently that isn't the case since there are offers for over L$10,000,000 on the Slex where normally that number is around L$5,000,000. Simple competition is driving the exchange rates down on the Slex and that is good for the sellers of L$ since they can get their USD much faster over there.

That is about a 2 dollar difference on a 7000 US dollar transaction. Kind of a pain in the butt, if you ask me.

If you don't mind waiting 7 days for LL to send you the $7000 I agree. Some big sellers of L$ hate the wait and sell on Slex even when they lose money in the transaction. I always sell on the LindeX at L$266/1 which after the 3.5% commission equals L$275.6/1.

You can't see if it's 'one' person but its pretty easy to figure out, just look at all open market buy and sell orders every few minutes and you will see what happening i noticed that yesterday to, and wondered a little

They may be cashing out on the LindeX so LL doesn't have to dip into their CC/bank account via paypal, and time may not be a factor.

I have been waiting for my first response to repeated requests for a limit increase with Emails and phone calls since February. I am waiting for a transfer from LL to PayPay since 24 April and can't get through to LL support. The customer support at Slex is excellent, the transfer time is 2 days versus 8 days and the exchange rate for sellers has come down to well below the break even point of L$287/1 after the 3.5% commission for market sellers on the LindeX. Don't tell me nobody sells L$ at the market because about L$10,000,000 per day is sold that way. Also the amount of limit orders on the Slex that are below the L$282.5 break even threshold (after the 4.5 pip) is over 5 million so the buyers went to the Slex for both limit orders and market orders, where are all the sellers?

So my question is if the transfer time is much quicker, the customer support much better and the exchange rate now better, why are we still using the LindeX?

The simple answer is because your tier can be paid with your US account balance, so selling lindens on the lindex is way to pay your monthly bills.

I am still using Lindex because transactions generally go through within 3 working days, the one time I had an issue, LL dealt with it within 24 hrs and the exchange rate is better than SLX. I can also use the US dollar balance on the SL website to cover all fees before cashing out. Perfectly acceptable IMO and I feel no need abandon my support for Lindens Labs in order to use 3RD party traders.

I have money piling up because of my transfer limits on lindex. I too have been requesting and emailing for an increase with no type of response.

however, when i am able to sell the next month, they have always been fast with transferring my money into paypal.

I registered over on slex and WTF?????????????? The money i would get back for selling compared to on the lindex was significantly less, Fck that. So i went to asche chung website, it wasnt as low but still lower.



I guess my next stop is ebay.

I'm still waiting for a paypal transfer since the 24th also. Wh does it take so long?? This should be nearly automatic.

I use it as someone said above, the money pays for my tier directly from my LL account, I have only ever cashed out once and got the $ in 5 days. So for many many people, they use it because it isnt broken for them.

slexchange.com will get the cash into your paypal account in hours most of the time.


lindex is for paying tear

How come the exchange rates on slex are so low???

The money id be getting back on lindex was $100`s difference then if i sold the same amount on slex =\

Not enough liquidity in the market is a possible reason. Get more buyers and sellers and it may end up tracking Lindex a bit better.

Interesting enough for those into trading the differences in pricing could end being an arbitrage opportunity.

I use, or should I say used LindeX over anything else simply because you get better exchange rates and I don't have to log in to Second Life to deposit money somewhere.

As I'm not in a hurry I try to sell at the best rate I can These days it would be L$265 per US$ every time I accrew L$100,000. They take forever (a week or so) to transfer the money from Linden Labs to PayPal, but I didn't mind. I've never had to deal with them.

Unfortunately, I can no longer use LindeX. Even though my account is nearly a year old, three weeks ago it was changed to 0-1 day old account, with no Linden$ selling limits.
I've called support from Europe in the evenings, and after 10 minutes of hold I get a voice mail telling me to leave a message and they will get back to me. I've been waiting days and had no response. I've left messages on the forums, and on their beta helpdesk system, and gotten no where.

It seems I will be forced to use another alternative, such as SL Exchange.

*does the merge and lock dance*

Merging for reposting, and locking for what looks like spam (that is off topic for this forum as well).