Gold Exchange
The Gold Exchange or (Gold Market) is where players can trade Gold in exchange for Silver and vice versa. It is a fundamental part of the global economy of the game.
- For more information on what you can do with gold see: Gold.
- Gold can not be used for item trading directly. For information on trading see: Trading.
How to Trade Gold
The Gold Exchange can be accessed from anywhere in the world or in any instanced area. The easiest way is to simply open your character's inventory screen (Default hotkey "I") and locate the gold symbol/button above the silver amount. Once you click this you will bring up the gold exchange interface. Here you can place buy and sell orders as well and sell and buy Gold with Silver. Buy and sell orders have a fee of 10 silver no matter the amount.
Players can buy or sell gold immediately for the current amount of silver worth or place buy orders to put down the price at which they would like to purchase the gold. If a player puts down an amount in the buy order that meets or exceeds the current buy price of gold, the order will be fulfilled automatically for the amount of gold requested or the amount of gold available up to that entered price, whichever comes first.
Buy
- Open the gold exchange
- note the buy prices in silver of gold as this changes frequently
- Enter the amount of gold you wish to purchase and click buy OR Click orders
- Enter the gold amount you wish to buy in the buy order section
- Enter the silver amount you wish to pay
- Click buy order
- Order will be placed and fulfilled when next available
Sell
- Open the gold exchange
- note the sell prices in silver of gold as this changes frequently
- Enter the amount of gold you wish to sell and click sell OR Click orders
- Enter the gold amount you wish to sell in the sell order section
- Enter the silver amount you wish to receive
- Click sell order
- Order will be placed and fulfilled when next available
Gold Limits
Due to the need to protect the economy in the game as well as prevent any potential fraudulent activity there are restrictions on transactions of gold and silver on the gold exchange. These limits depend on the following factors in the table below and are automatically updated once the requirements are met. For more information on the gold limits and why they exist you can see more information on the official Albion website here: https://albiononline.com/gold-limits
| Gold Limit per Day | Requirement |
|---|---|
| 0 | No Requirement |
| 100 | Complete Tutorial |
| 500 | Reach Tier 3 in Adventurer node (Journeyman Adventurer node) |
| 2,000 | Make any real money purchase (such as gold or premium status) |
| 4,000 | Make a real money purchase totaling $30.00 or more
AND Wait for a 10-day verification period |
| No Limit | Submit a verification request to customer service from the in game prompt on gold limits
AND Wait for the verification request to be completed (2-3 business days) AND Have made a real money purchase of any amount |
How Buy and Sell Orders work
When you place a buy or sell order, what you are doing is putting yourself in an invisible queue. For your order to be fulfilled, the price of gold in silver must meet your price, and you must be the oldest order (first in line) in the queue. This can further be explained in the following example:
Example 1: Selling gold
- Imaging the current value of gold in silver to buy it immediately is 2000, and that the current amount of silver to sell gold is 1500
- Player 1 puts in a buy order for 1800 silver each and an amount of 100 gold. The sell gold price, is now 1800, until his 100 gold is sold.
- Player 2 puts in a buy order price of 1900 for 300 gold. The sell gold price is now 1900 until his 300 gold is sold.
- Player 3 comes along and sells 500 gold. What happens is he gets the first 300 gold at 1900 silver, and then 100 gold at 1800 silver. The remaining 100 gold is then sold for the last highest price of 1500, so his total silver return on 500 gold at that time is (300*1900)+(100*1800)+(100*1500)=900,000 silver.
Example 2: Buying gold
- Imaging the current value of gold in silver to buy it immediately is 2000, and that the current amount of silver to sell gold is 1500
- Player 1 puts in a sell order for 1900 silver each and an amount of 100 gold. The buy gold price, is now 1900, until his 100 gold is purchased.
- Player 2 puts in a sell order for 1500 silver each and an amount of 300 gold. The buy gold price is now 1800 until his 300 gold is purchased.
- Player 3 comes along and buys 500 gold. What happens is he gets the first 300 gold at 1500 silver, and then 100 gold at 1900 silver. The remaining 100 gold is then bought for the last lowest offer price of 2000, so his total silver spent on 500 gold at that time is (300*1800)+(100*1900)+(100*2000)=930,000 silver.
Example 3: Understanding the queue
- Imaging the current value of gold in silver to buy it immediately is 2000, and that the current amount of silver to sell gold is 1500
- Player 1 puts a sell order in for 100 gold at 1900. The buy it now price is now 1900.
- Player 2 puts a sell order in for 300 gold at 1900. The buy it now price remains 1900. He is in spot #2 in queue.
- Player 3 puts a sell order in for 200 gold at 1800. The buy it now price is 1800 now, and he is first in line, because his amount is lower.
- Player 4 buys 500 gold now. First Player 3 gets his order fulfilled completely, the remaining 300 gold is then taken out of Player 1's order since he is in queue ahead of player 2. Now the remaining 200 gold is purchased from player 2, leaving player 2 with 100 more gold in his order waiting to be fulfilled.
