Some raid gear i would trade for legendary if it had the right perks for pvp... N y not exsotic for legendary some legendarys are better then exotics the fact you can only weld one theres no point me trading an exotic helm for an exotic helm if i got an exotic chest piece but no rare for legendary or above that would ruin it. I dont see why people think it would ruin it solong as you cant give things away i have 4 last words and 2 ice breakers and i want them gone for more then 3 energys...
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The reason why I say legendary for legendary and exotic for exotic is mainly to make sure equal balance is obtained. You may have a lot of exotics but other players may not so to make sure that said players would still have to earn their exotic before trading it for another exotic still would make them grind for it. It'll also reduce the chances of cheating as well.
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I find legendarys less common then exotics thanks to xur
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If its only allowed Once a week people will try get the best for there equipment ie exotic for exotic
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Once a week wont allow much cheating would take a year for all exotic weapons & 4 weeks to kit a lvl 20 out takes less time then that to do it honestly