Is an ip exemption needed for a 2nd account?
 

Do I need an ip exemption for a second account or no since I'll only be logged into one at a time?

Nope, exemption is to allow mulziple person to play at the same time from the same internet connection...

Awesome thank you!

Just be careful when switching between them too fast.

/ex to exit the game quickly and log in to a 2nd account may still show you has being logged in on the 1st account, and that can be problematic.

So log out properly, sit and camp, to be on the safe side.

How many accounts can you have?

To clarify, it's only problematic in that you'll have to wait for the server to realize you're not logged into both toons. Just like if you switch too quickly on the same account. The biggest potential problem is you'll have to wait up to a minute to get logged back in if you botch it.

See!? That's the whole point! It's, like, a disaster, man! 60 seconds is, like, multiple eternities when you're, like, seriously jonesin to, like, put up your LFG flag and, like, type some stupid ignorant shit into /ooc to prove that you are, like, 32 going on 13.