Bitcoin Forum
December 09, 2016, 07:54:12 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Buying Virtual Currency (MTGO Tickets, Second Life Lindens)  (Read 1295 times)
Reikoku
Full Member
***
Offline Offline

Activity: 140


firstbits: 1kwc1p


View Profile
June 10, 2011, 01:34:31 AM
 #1

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

Rei | 1Kwc1pqv54jCg8jvnm3Gu1dqFQYhS34Bow
Trades So Far: 7
1481270052
Hero Member
*
Offline Offline

Posts: 1481270052

View Profile Personal Message (Offline)

Ignore
1481270052
Reply with quote  #2

1481270052
Report to moderator
1481270052
Hero Member
*
Offline Offline

Posts: 1481270052

View Profile Personal Message (Offline)

Ignore
1481270052
Reply with quote  #2

1481270052
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481270052
Hero Member
*
Offline Offline

Posts: 1481270052

View Profile Personal Message (Offline)

Ignore
1481270052
Reply with quote  #2

1481270052
Report to moderator
Nesetalis
Sr. Member
****
Offline Offline

Activity: 420



View Profile
June 10, 2011, 01:37:16 AM
 #2

doing the math, thats about 34USD/BTC. Virwox is always overpriced, i wouldn't base your trade off of that.

ZOMG Moo!
Reikoku
Full Member
***
Offline Offline

Activity: 140


firstbits: 1kwc1p


View Profile
June 10, 2011, 01:43:45 AM
 #3

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.

Rei | 1Kwc1pqv54jCg8jvnm3Gu1dqFQYhS34Bow
Trades So Far: 7
marhjan
Full Member
***
Offline Offline

Activity: 215


Poorer than I ought to be


View Profile
June 10, 2011, 08:10:08 AM
 #4

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.

Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!