Topic: Buying Virtual Currency (MTGO Tickets, Second Life Lindens) (Read 1513 times)
Did a small transaction with Reikoku. Sold some Linden$ for BTC - quick and easy transaction, would recommend if you have a few spare L$ to trade for Bitcoins.
No one else seems to be trading Linden to BTC so not sure what a better rate is. Obviously going through Linden for a USD buyer would be expensive, but for people who have Lindens (i.e. deal in SL) it's pretty cheap compared to the normal process to get BTC out of it:
Take 9010 Lindens and cash them out...
Wait 4-5 days for Linden Labs to process payout, pay $1 + a fee = $33.53
Buy liberty reserve with paypal (pay $0.30 + 3%) = $32.56
Buy mtgox with liberty reserve (pay 1%) = $32.23
At this point your mtgox account has $32.23 in it after 5+ days, at which point your Bitcoin might be worth $40 or more (and you still have to pay a fee to buy it). I doubt USD buyers will see SL as the way in, anyway, because Linden Labs has that absurd rule that prevents you buying more than $30 worth on a new account.
This service is primarily to allow Second Life players to cash out in Bitcoins effort-free.
Take 9010 Lindens and cash them out...
Wait 4-5 days for Linden Labs to process payout, pay $1 + a fee = $33.53
Buy liberty reserve with paypal (pay $0.30 + 3%) = $32.56
Buy mtgox with liberty reserve (pay 1%) = $32.23
At this point your mtgox account has $32.23 in it after 5+ days, at which point your Bitcoin might be worth $40 or more (and you still have to pay a fee to buy it). I doubt USD buyers will see SL as the way in, anyway, because Linden Labs has that absurd rule that prevents you buying more than $30 worth on a new account.
This service is primarily to allow Second Life players to cash out in Bitcoins effort-free.
doing the math, thats about 34USD/BTC. Virwox is always overpriced, i wouldn't base your trade off of that.
As the title says, I'm currently buying other virtual currency for Bitcoin.
Current buy rates are:
1 BTC = 34 MTGO
1 BTC = 9010 L$
These assume a BTC to USD ratio of 1 BTC = 29 USD and are subject to the normal market fluctuations.
Slightly better deals may be available if you want 5 BTC or more.
Current Rep: 6
#bitcoin-otc on IRC: 5 (Reikoku)
Here: 1
Current buy rates are:
1 BTC = 34 MTGO
1 BTC = 9010 L$
These assume a BTC to USD ratio of 1 BTC = 29 USD and are subject to the normal market fluctuations.
Slightly better deals may be available if you want 5 BTC or more.
Current Rep: 6
#bitcoin-otc on IRC: 5 (Reikoku)
Here: 1
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