Holding tons of legendaries engrams in the bank till I level it sufficiently(at 6 now) looking for what people think is sufficient to actually get legendary gear from legendary engrams.
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I got an exotic weapon from a legendary with my cryptarch at level 6
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Level has no effect in any of it, it's all a matter of luck. I've only had a few Legendary engrams decode into blues. So far it's been lots of upgrade materials, 2 items for other classes, an exotic weapon, and a legendary helm.