In August of 2009 I wrote an article on the Linden Currency Exchange for Second Life™. See: XStreetSL Currency Exchange Tutorial and Second Life Currency Exchange Extended. Back then things were a bit different. There was competition in the Second Life money market. The US government has ended that. Now, Linden Lab is the keeper of L$ and the only company officially converting L$ to RL currencies. There are black markets in Lindens and there is a reason they are called black markets.
Buy Sell Orders 2014-15
What has not changed is people not understanding currency or currency markets. Someone in the Answers section of the SL Forum was asking why their Sell L$1/US$1 order had not been completed when other similar orders had been. Continue reading
For those doing business in Second Life the Currency Exchange is a tool that can improve their profit margin when they are taking L$ out of world to RL currencies. One just has to understand how it works, which is what this Second Life Currency Exchange Tutorial is about.
If you are a resident that just needs a few Linden dollars on occasional bases to purchase something, you can still gain from understanding how the Currency Exchange works and knowing what it is and how to use it. You won’t need some of the more esoteric information I’ll provide. Knowing the basics will save you a few L$.
XStreetSL Currency Exchange
XStreetSL has a Currency Exchange, which is now owned by Linden Lab. This is a place where you can easily buy and sell L$ as well as other stuff. It is a fun place to shop also and has loads of free stuff. There is no StreetSL fee for moving funds between SL and PayPal. Using PayPal is the only way to take cash out of XStreetSL. URL: https://www.xstreetsl.com/