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# im wondering if anyone has ever used limit buy an how does it work an also is this true i put

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## Question

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The LindeX is a currency exchange, not a shop.  When you use the Limit Buy option, you are offering to buy L\$ at a specific price, and you are hoping that there are SL residents who are willing to sell at that price.  In your case, you are offering to buy L\$30,600 and willing to pay \$30.60 for them.  So, you are looking for a seller who is willing to get \$1 per L\$1,000.

The current market price for L\$ is about L\$248 per \$1, which is slightly more than  \$4 for L\$1000.   So, you are expecting to get a lot more L\$ for your money than you would get if you used the Market Buy option.  Is that reasonable?  Not very.  Why would some other SL resident be willing to sell you L\$30,600 for only \$30.60 when he could get more than \$120 by selling them at close to the price on the open market?  You will be waiting a very long time for a seller who is desperate enough (or dumb enough) to sell you L\$30,600 at the price you are offering.

Until you understand how a currency exchange works, I suggest using the Market Buy option so that you don't need to worry about figuring out what a reasonable rate would be.   Meanwhile, read https://community.secondlife.com/t5/English-Knowledge-Base/Buying-and-selling-Linden-dollars/ta-p/700107#Section_.1.2

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The LindeX is a currency exchange, not a shop.  When you use the Limit Buy option, you are offering to buy L\$ at a specific price, and you are hoping that there are SL residents who are willing to sell at that price.  In your case, you are offering to buy L\$30,600 and willing to pay \$30.60 for them.  So, you are looking for a seller who is willing to get \$1 per L\$1,000.

The current market price for L\$ is about L\$248 per \$1, which is slightly more than  \$4 for L\$1000.   So, you are expecting to get a lot more L\$ for your money than you would get if you used the Market Buy option.  Is that reasonable?  Not very.  Why would some other SL resident be willing to sell you L\$30,600 for only \$30.60 when he could get more than \$120 by selling them at close to the price on the open market?  You will be waiting a very long time for a seller who is desperate enough (or dumb enough) to sell you L\$30,600 at the price you are offering.

Until you understand how a currency exchange works, I suggest using the Market Buy option so that you don't need to worry about figuring out what a reasonable rate would be.   Meanwhile, read https://community.secondlife.com/t5/English-Knowledge-Base/Buying-and-selling-Linden-dollars/ta-p/700107#Section_.1.2

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Sinistersmiles1995 wrote:

Exchange Rate in L\$ / US\$1.00:

Quantity of L\$:
=
US Dollars (US\$)

L\$ 30,600

US\$ 30.60
Transaction Fee
US\$ 0.40

US\$ 31.00
3 days

What you are doing is saying that you won't accept less than L\$1000 for a dollar. The problem is: -- typically Lindens trade for about a quarter of that amount. You will only recieve Lindens for that limit buy if all the outstanding buy orders at lower exchange rates are filled and someone is so desperate to sell Lindens that they will sell them for about 1/4 of what they're normally worth. If this ever happens, dogs will lie down with cats, the sky will split open and Second Life will cease to exist. The "3 days" is a lie. It simply will not happen.

You'll need to cancel the order and make another one at a more-realistic rate. Go to the "Buy L\$ page and scroll down to the bottom, where you'll see two columns of numbers. The one on the right is the current list of orders waiting to be filled. They'll be filled from top to bottom as people decide to sell Lindens at those rates. If you place a buy order at a value at the top of the list it will be filled fairly quickly. If you use a number farther down the list it will take more time and may not be filled at all, but you'll get a better exchange rate when it's filled.

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