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The following is going to be an extensive guide on CSGO trading sites and the many facets of this trade. We’ll cover what CSGO trading is and what you need to know in order to become a good and hopefully with some training and knowledge, profitable trader. There are quite a lot of things to consider in order to achieve this. This includes how to pick a good site, what skins to trade, profit margins, and how to price your skins to name a few of the things that you might need to know more about. I’ll be needing help from the team on this one but more importantly, the people from our staff who have expertise on the subject. Bitcoincasinos.gg’s CSGO nerds, show yourself. We have work to do.
CSGO trading has been around since skins were launched inside the game CSGO back in 2013. It revolves around trading your skins with another player or in some cases with a bot. At first, this was done strictly between players and relied heavily on your market knowledge. Today the term is more related to the use of CSGO trading sites where options have been added for you to trade, sell, buy and even auction your skins.
Most trading nowadays is done on a P2P (Player-to-player) basis. It mostly relies on you finding a good trade to make with another player. Trading sites have also implemented the use of bots which you can ask to trade a skin of choice with and get a couple of fair suggested trades of skins in return.
Using CSGO trading sites instead of the in-game marketplace is a way to avoid some pretty hefty fees that are applied on every trade using the market. If you were to always use the market to sell or buy your skins this would result in steam taking a cut of each trade and thus making it harder to be a profitable trader, which is our endgame goal no?
Steam has tried to regulate skin trading a couple of times over these past almost 10 years. An example of this is the 7-day trade ban that is applied on every skin that’s being traded on the market or between players. If you were to do a trade on a CSGO trading site without claiming your skins you can avoid this ban as it’s only when the skin is actually moved that the trade ban is activated. Another example of regulations that have been implemented is the fact that keys, which are used to open cases, are now account-bound. Previously this wasn’t the case and keys worked like a “currency” to traders to determine the price of your inventory or a trade. Steam is always working to regulate the market. Today's market has had some pretty big regulations, like the trade ban and the fact that you have to use an authenticator to make a trade. It’s unlikely to experience anything shocking in the future in terms of further potential regulations.
Since there have been cases where CSGO trading sites have turned out to be scamming their players it’s important to learn how to spot these quickly and more importantly how to choose a site that’s going to suit you the best.
A good rule of thumb is to look for sites that are licensed. This could be a gaming license out of Curacao (where most gaming licenses are from) or a gaming license issued from another country. The license is something that the CSGO trading site has to apply for to get and there are rules and laws that need to be followed in order to maintain it. The license is not a hundred percent proof of a legit site, but pretty close to it. Most scam sites that we’ve seen are unlicensed.
Further, you should do a reputation check of the website you’re interested in trying. This could be using an objective review site to read player reviews or reading up on our reviews of the different CSGO trading sites. We work hard to keep the lists up to date to avoid referring to faulty sites. How long the site has been operational is another thing you could research and a big tell if the site in question can be trusted.
Lastly, you want to find sites that are set up in a way that could give you an edge. This could be looking for a trading site that grants you a solid welcome bonus or has some kind of rakeback system, where you get discounts or bonuses depending on how much you use it.
After you’ve chosen a site that you want to try out it’s time to register. This is often a simple process within CSGO trading and gambling and could require as little as signing in with your steam account. After you’ve logged in with steam or linked your steam account you need to add your personal “stream trading link” to your profile. This is a way for players and bots of the sites to request a trade with you.
You’re now just about ready to become a CSGO skin trader. When you are making a trade you need to have the “steam mobile authenticator” in order to accept and complete trades. If you’re setting this up for the first time there’s a lockout of 15 days before you can make your first trade. Previously there was no need for an app and players' accounts were hacked and skins easily moved all the time.
Remember that when you trade a skin to a player or bot, that skin is going to be on a trade lockout for 7 days. These rules could be interpreted as quite annoying but are put in place for the safety of your account and skins.
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Setting a price on your skin can be a hard task if you have no previous knowledge of the market or skin values. Educating yourself in every way possible is key. Let’s cover some of the things that you could consider when choosing a price for your skin.
For starters, you could try to keep up with market trends. Using steam’s built-in marketplace is a good place to start to get a hum of how the price of a skin has been acting in the past. There are also websites dedicated entirely to tracking skin prices and these are a good place to get a somewhat accurate suggestion for how to price a skin.
What “float” your skin is the main factor in determining its value. The float ranges from 0 to 1 where 0 is the lowest number and is going to be “battle-scarred” or most damaged, and 1 is representing a “factory new” skin. Where your skin is on the float spectrum determines its price but there is more to this. A damaged skin like a “battle-scarred” AK-47 Redlinevstill has a fair bit of differing range within the category battle-scarred. Some battle-scarred skins look close to the next category which is “field-tested” and could be worth more than a lower float battle-scarred. Always inspect a skin in-game before buying or trading to determine whether this is the fact.
Following trends and more specifically when cases with new skins are released can also be key. New cases and skins from those cases are often high priced in the beginning but will almost always experience a rapid drop in price over the following days. Supply and demand rules and keeping track of this can help you avoid making bad trades.
Knives and gloves are generally the highest-priced skins since they are the hardest to get when you open a CSGO case. There are a couple of exceptions to this. “AWP Dragon lore” and “M4A4 Howl” are a few of these exceptions and go for tons of money although not being skins on those categories.
As long as there are no high fees on trades, there is always going to be the possibility to make money within all aspects of trading, CSGO is no exception. Knowledge is going to be your best friend when you’re trying to make some money in CSGO trading. If you know what prices are accurate for different skins you can also learn how to spot skins that are priced inaccurately and hopefully too cheap in order to make a profit.
Knowledge about other things within trading like which skins are currently popular can also make you a quick buck. If people are craving a particular skin on the market they may also be inclined to pay a bigger price than its value to obtain it faster. If you can repeat this process over and over you’ll find that these margins are going to be making you money.
You also need to avoid making a couple of rookie mistakes in order to avoid losing money when trading. One example is that you’re going to find new skins which are often priced very high in the first days of being released. In this case, it’s important to have in mind the 7-day trade ban that’s applied on any skin traded between players or with a bot. If you were to purchase a new skin at a decently high price you can expect that after those 7 days of not being able to trade it, it will have dropped, sometimes dramatically.
There are also opportunities to make money in a similar way to someone who purchases wine or art as an investment, to then be stored for a couple of years to see its value increase. Trends in the CSGO trading market have shown that old skins, which over time become harder to obtain, also are going to see their price steadily increase.
The most important rule to becoming a profitable skin trader is to NEVER use your profits from skin trading to buy keys or cases and open these. The odds are not rigged in your favor and even though there is a chance that you could be one of the lucky ones that open a case containing a valuable knife, this activity is to be avoided at all costs. The only reason for ever opening cases is if you want to test your luck and do some good ol’ gambling.
Some players are going to already have inventories full of skins and are ready to start their trading journey right away while others first need to get their hands on some. CSGO trading sites oftentimes sell skins at a better price than the in-game CSGO marketplace. In order to purchase a skin on one of these websites, you can freshen up your account balance in a couple of ways.
FIAT money is currencies like USD or EUR and is accepted on many trading sites. Accepted FIAT methods are credit cards, e-wallets (Skrill, Neteller), PayPal and Samsung Pay, and Apple Pay.
Cryptocurrencies are getting more popular and are today accepted on many CSGO trading sites as currency. Bitcoin is going to be the most commonly accepted one, but it’s not uncommon to see Ethereum and a couple of altcoins being accepted as well.
Things to consider when loading your account balance on a trading site with FIAT or crypto are fees and transaction times. Most sites don’t charge any fees on these transactions but there could however be added fees from the crypto exchange or from the bank that transacts your FIAT money. When withdrawing money from a CSGO trading site there are normally some differences in the speed of transactions. Cryptocurrency transactions are normally done within 10 minutes while FIAT money withdrawal may take up to a couple of days to receive if you’re requesting a bank transfer for instance.
So. Do you maybe have grand aspirations of becoming the best skin trader that’s ever been, or do you simply want to learn a couple of tips and tricks that could make you a profitable trader? Let’s go over some of the things you should know or consider when making trades on a CSGO trading site.
First and most importantly. Knowledge is going to be your best friend. Learning how to study the market. This could be studying price fluctuations on the steam market graphs or with the use of a site like Steamanalyst, where you can get additional information on skin prices and trends. Study graphs of different skins to learn which skins have been stable or increased/decreased in price over the past months.
Another option for increasing your learning speed is to learn from a better trader than you. These are often found within different trading communities. This could be getting access to a discord server or browsing Reddit or another forum where more seasoned CSGO skin traders talk. On many of these discord servers, you are going to find channels for price checking, where people with knowledge of the market may give you some insight. Being part of a community makes CSGO trading and learning more fun.
You could also be looking to have your steam profile be as attractive as possible. When you make a trade it’s common to give the person you traded with a “+rep” comment on their profile. This is also a way for you to establish who is more likely to be trusted when making trades. The higher the trust factor is on your account the higher the chances of being able to make a profitable trade, as people generally don’t mind paying a small markup price to trade with someone they can trust. If you level up your steam account you are given the option to post more information on your profile. This could be to your advantage if used correctly. Adding screenshots of what skins you’re currently trading or marketing other relevant information can be used to increase the chance of making a profitable trade.
Patience is your best friend. This is a skill that’s needed for many facets of life and is very important within CSGO trading. The player that’s in a rush to make a trade is often making a poor trade where they likely “leave money on the table”. Sometimes it’s going to take days before you get the right offer on your skin or you find a skin you want to buy at the right price point. Having patience is going to be making you lots of money in the long run. Taking advantage of impatient traders is another way to generate income when trading.
In most cases, the profits are made on the margins of each trade. A couple of bucks here and there if you’re trading in cheaper skins. More money is to be made when leveling up to trade in more expensive skins. The margins percentage-wise may be similar, but ultimately pays out more money. Mathematics ye. To have a high overall volume of trades is going to be your best bet and making many trades is oftentimes the key to becoming a profitable CSGO trader.
There are many strategies to apply to skin trading. Again, you could be working in the volumes game by lowballing a ton of players' skins. Most of your bids are going to be declined but once in a while you are going to find the right moment in time where the player accepts the suggested trade and in those cases you could be making a ton of margin.
This guide has been quite extensive overall with a focus on how you as a trader can use different strategies to make a buck while trading your CSGO skins. As you may have realized by now the single most important skill to have when trying to become profitable is knowledge. Knowledge of the market or using other people's knowledge to your advantage. Trading in CSGO skins is similar to trading in other games or using the crypto/stock market. Patience, knowledge, and being a good negotiator are going to secure you a profit in the long run. In order to find the CSGO trading site that has what you’re looking for we recommend that you read up on a couple of our reviews first. Good luck!
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