Buying Virtual Currency (MTGO Tickets, Second Life Lindens)

[Reikoku]

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

[1715241761]

1715241761

[Nesetalis]

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

[Reikoku]

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.

[marhjan]

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.