How to Sell CSGO Skins for Bitcoin in 2022?
Sell CSGO skins for Bitcoin – the decentralised cryptocurrency that is set to revolutionise the global financial system over the next decade.
In a recent claim by a Forbes article this month, it suggests that each Bitcoin (BTC) could be worth up to $300,000 in five years even without factoring institutional monies, like banks and other global financial institutions. Ever since the world’s first decentralised cryptocurrency was invented and minted by the mysterious Satoshi Nakamoto in 2008, many reputable financial experts have weigh in on the impact that Bitcoin and other cryptocurrencies like Ethereum (ETH) may affect the ailing global financial market. The general consensus of Bitcoin is that this innovative payment network and digital currency is bound to eventually replace the traditional system that we are familiar with today. It uses a widely distributed peer-to-peer technology to facilitate instant payments, has low transaction fees and is more secure than fiat currencies such as US dollars due to its decentralised nature – no known hacking methods can be used to compromise the Bitcoin blockchain.
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While there are many benefits that Bitcoin may bring to the masses, it remains very much as a speculative asset until regulations aimed at cryptocurrencies are enforced around the world. Meanwhile, the highly lucrative Bitcoin and cryptocurrency market has appealed to a new generation of investors – technology-savvy millennials as well as privacy-focused individuals who are looking for payment methods that offer untraceable transactions and anonymity. In addition to that, Bitcoin and other cryptocurrencies have received favorable news coverages where Bitcoin can give its investors huge earnings in a very short time, as well as breeding a new group of crypto millionaires and billionaires from the remunerative trading activity. Therefore, it is not surprising to receive a growing interest within the Counter-Strike: Global Offensive (CS:GO) community that they hope to sell CSGO skins (such as the famous AWP Dragon Lore) in exchange for Bitcoins instead of fiat currencies (e.g. US Dollars).
For those who are not already aware, CSGO is a massively popular team-based multiplayer first-person shooter (FPS) game which was published by Valve corporation back in 2012. To date, it has recorded an monthly average of 11 million players active in the online game, and it also boasts one of the most bankable competitive gaming (eSports) scenes in the world, with the likes of DOTA 2 and LoL. Since the fall of 2018, Valve has made CSGO a free-to-play game and allows players to sell CSGO skins on the official Steam market as well as reputable third-party CSGO skins marketplaces like SkinCashier, where you can sell CSGO skins for Bitcoin!
Growing interest in selling CSGO skins for Bitcoin
When the CSGO trading sites became not just a novelty but also a profitable business, many companies unaffiliated with Steam started offering various services related to CSGO skins trade. Most commonly, they offered marketplaces alternative to the Steam Community Market. They also focused on money withdrawal and skin monetization – two services that the Valve didn’t offer to its customers. Among the different ways to pay out the money from skins is the option to sell CSGO skins for bitcoin.
When thinking about CSGO skins itself in financial terms, they are quite similar in how they work and behave to many cryptocurrencies. They are quite centralized (after all Valve has the full control), privately owned, don’t base on either oil or gold and aren’t an official currency of any nation accepted by the National Bank as a valid currency. Being so close to other cryptocurrencies, where to trade CSGO skins for Bitcoin seems very natural.
Several renowned CSGO skins marketplaces such as SkinCashier have fulfilled the rising demands of the community by integrating popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as an alternative means for instant cashout for players looking to sell their CSGO skins in these marketplaces. Players who were previously vulnerable to scams and other risks are given this alternative cashout option that can ensure CSGO skin trades can now be done safely, without paying high fees and quickly as instant cashout to Bitcoin is way faster than fiat currencies, which are subjected to a longer bank processing time and hefty transaction fees.
Eliminating the user’s risk to susceptibility
Based on the growing demands of players looking to sell CSGO skins for Bitcoin, one of the leading CSGO skins marketplace – SkinCashier, has introduced the cryptocurrency (Bitcoin and Ethereum) cashout option in 2021, on top of its wide range of existing fiat payment processors such as Paypal and Skrill. As with other reputable CSGO skins marketplaces, SkinCashier allows players to safely connect their Steam inventory onto the platform for a seamless CSGO skins trade anytime around the globe. The implementation of Bitcoin payout has not only positioned SkinCashier as a forward-thinking CSGO skins marketplace, it could also deliver every transaction in an immutable way. Every Bitcoin deposit processed by SkinCashier is permanently stored on the distributed ledger and thus prevents any bad actors from altering these transaction records.
There is a pertinent issue that has plagued the CSGO skins trading space, where items sold on certain platforms are charged by payment processors with unwanted fees, resulting in users receiving a lesser amount as indicated in the CSGO skin trade. SkinCashier sets out to solve this problem by introducing Bitcoin as an alternative cashout option since there are no intermediary entities handling the instant cash out from SkinCashier to the user’s Bitcoin wallet. The platform has also seen a trade volume spike as more CSGO players are involved in Bitcoin and other cryptocurrency investments.
Sell CSGO skins for Bitcoin instead
Perhaps at this time and age, the most trusted approach to receive your earnings is to receive your profits in the form of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). For those who have yet to dabble with cryptocurrencies, it is possible for holders of cryptocurrencies to still cash out into real money, into your bank account.
Skin marketplaces like SkinCashier are one of the few platforms that allow users to sell CSGO skins for Bitcoin or Ethereum, minimising the risk of users to entrust the transaction process to a centralised third-party payment services providers like PayPal, as well as to encourage privacy and anonymity in trades.
What is even more enticing is the prospect of investing your earnings into the highly lucrative cryptocurrency markets. As cryptocurrencies gain more attention from financial institutions, governments and individuals, they are deemed as a new asset class to look out for in growing your wealth. Furthermore, the learning curve of investing in cryptocurrencies is not as difficult as traditional stock markets, making it an ideal form of investment tool for your future, and as a more effective means to receiving your earnings from your skin trade.
If you are a privacy advocate or someone who treats your earnings as additional income, the cryptocurrency payout is more of a boon than a bane. No doubt that converting your skins earning into cryptocurrency do pose certain risk due to the price volatility, but given the current and upcoming market condition, Bitcoin, Ethereum and other reputable cryptocurrencies are increasingly viewed as a viable prospect in growing your wealth. You may get cash and use them to buy the next iPhone or PlayStation, but the long-term benefit of investing early outweighs its cons. So, if you are willing to invest into your future, then you should consider selling your CSGO skins for cryptocurrencies as the primary receiving method.
Accumulating Bitcoin is a better idea than getting your funds trapped in the Steam Wallet. For example, you have decided to sell your skins for $100 worth of Bitcoins. If this earning is a bonus to you and there is no need for immediate withdrawal, you may keep them for the next 1 to 2 years, and your initial deposit of $100 could one day be worth twice or even ten twice the original amount, in real money value. Also, not forgetting the negligible service fee as compared to crediting your earnings to PayPal and Skrill, selling your skins for Bitcoin actually allows you to recover most of your selling amount.
As such, it might be a good idea to make use of the opportunity of a CSGO skin trade as a way to get into Bitcoin or other cryptocurrencies without a traditional currency (USD, EUR) input from your real-life bank accounts.
What are the steps required to sell my skins for Bitcoin?
Generally speaking, no rocket science is needed to start creating a wallet to hold your Bitcoin asset. All you need is to first seek out a trusted and reliable skin marketplaces like SkinCashier which facilitates skin trade in the form of cryptocurrencies. Oftentimes, these platforms do offer a variety of payment options from PayPal to Bitcoin. Pick those that are most convenient for you. Next, prepare your Bitcoin wallet. Thanks to the rising popularity of cryptocurrencies, there is no lack of options when it comes to getting a Bitcoin wallet. Through cryptocurrency exchanges (e.g. Binance, Coinbase and Gemini) and authentic Bitcoin websites (e.g. Bitcoin.org, Blockchain.com), you may create a wallet in less than 5 minutes. Once you are done setting up the wallet, simply indicate on the skin trade platform that you would wish to receive the earnings in Bitcoin. SkinCashier is often picked for its safety measures and simple instructions set in place for its users on checkout.
How to sell CSGO skins for Bitcoin using SkinCashier.com?
Contrary to popular belief, it is relatively simple to setup and maintain your Bitcoin wallet and holdings. Therefore, if you are intrigued by the prospect of Bitcoin and would wish to convert your earnings from CSGO skins into another investable asset, the following four-step guide will be useful to walk you through the process from setting up your very first Bitcoin wallet to sell CSGO skins for Bitcoin.
- Prepare your Bitcoin Wallet
Before you begin to initiate a trade on a CSGO skins trading marketplaces like SkinCashier, do prepare your Bitcoin wallet in order to receive the instant cash out in the form of Bitcoins. For first-time users of Bitcoin, you can easily create a Bitcoin wallet for free online through Bitcoin.org, or Electrum. Alternatively, you may have your CSGO skins payout deposited into your exchange wallet (e.g. Binance, Crypto.com, etc.) or hardware wallets like Trezor or Ledger. For security purposes, it will be good to store your Bitcoins in hardware wallets or wallets in which you have full access to the private key. Do take note of the Bitcoin (BTC) deposit address that you are about to use in the marketplace.
- Connect your Steam Account to the CSGO skins marketplace
In order to avoid losing your CSGO skins to scam and phishing sites, ensure that the URL address of the CSGO skins marketplace matches the official URL (e.g. SkinCashier.com). Next, connect your Steam account to the chosen marketplace.
- Complete the CSGO skin trade
Go through the steps as indicated in the CSGO skins marketplace to complete the selling process. Once that is done, proceed to select your preferred payment method (ie. Receive instant cash out via Bitcoin).
- Input your Bitcoin (BTC) address
Provide your BTC deposit address (from Step 1) in the relevant field provided on the checkout page. Once it is completed, proceed to checkout to initiate the cash out process. To better facilitate cryptocurrency transactions and minimise discrepancies, the marketplace will deposit an USD-equivalent of BTC (based on real-time market exchange rate) into your provided BTC address.
And there you have it! Congratulations! You just manage to sell CSGO skins for Bitcoin. Unlike traditional payment gateways like Paypal and Skrill, you will be able to track the transaction in your BTC wallet through a Blockchain explorer.
Should I sell CSGO skins for Bitcoin?
This is quite a hard question. If you already have some Bitcoin and the relevant know-hows of crypto trading, selling CSGO skin for Bitcoin may be a good option. However, if you just want to try it out, you may lose more than you gain since the cryptocurrency market functions like a traditional stock market. Also, certain countries have strict regulations on Bitcoin and other cryptocurrencies, therefore you may have to ascertain and perform due diligence if your country’s jurisdiction allows you to hold cryptocurrencies like Bitcoin.
Although the option to sell CSGO skins for Bitcoin is there, you should always consider all the pros and cons of such a withdrawal option. Always weigh your options before committing to Bitcoin investments as it may sometimes be more profitable to pay out in dollars and then exchange into Bitcoins on your own.
Which skins are ideal to sell for Bitcoin?
If you decide on getting some of your skins profit into Bitcoin, while concerned of the volatility of the cryptocurrency price, it will be recommended to start with selling mid-tiered skins that are worth enough to charge things up, yet not costly enough to substantially lose value if inflation ever hits hard in the cryptocurrency market. Alternatively, you can make use of a Bitcoin wallet created from a cryptocurrency exchange, and convert it into a less volatile cryptocurrency from stablecoins or other noteworthy cryptocurrencies. Truth be told, there are more than 5,000 cryptocurrencies to date, and with the help of a cryptocurrency exchange, you can instantly swap Bitcoin for other prospective investments anytime.
It surely consumes some time to get around Bitcoin and other cryptos, but given that you don’t have much to lose, a couple of transactions should get you into the groove of things. The value of skins changes, the value of most cryptocurrencies change, so with some practice, it’s possible to ride the waves and even make some money this way. However, if you don’t practice some caution, the smoke and mirrors will leave you lost and poorer.
May the unfortunate Skincoin serve as a cautionary tale. Its creators had a very ambitious idea of creating a cryptocurrency with a value closely related and dependent on the fluidity of the skin market. The old saying goes – start small, grow big; start big, go broke. Not long after its launch, the digital economy proved more ruthless than the developer expected and those who sold skins for Skincoin had to swallow the hard pill and count their losses as soon as 2018. Skincoin’s site now hangs online, unresponsive, like a shame trophy on the wall of the global market.
The issue with selling CSGO skins for Crypto
While most would have preferred to get cash for your weapon skin’s profit, we should be aware that these transactions are often valued 30% lesser than the listed price on the Steam market. For instance, if you are to sell skins for $100 on the Steam market, then do expect to receive $70. Some rare items do command a higher price, but regular users will not have them, so you do not have to fret over accidental sale (loss of money) of these items.
Despite the popular transaction preference, many users still suffer from a dependency on centralised platforms as these platforms may be prone to instability and unpredictable circumstances. For example, the once-popular Opskins was issued with a cease-and-desist order by Valve in 2018 for its violation of use as a gambling proxy platform. Consequently, users of the marketplace were told to withdraw their Steam-based items off the platform.
In addition to that, there is a growing number of scams involving users to sell skins on malicious platforms which appeared as an legitimate site of a marketplace, resulting in the loss of funds and CSGO skin. Thus, it is advisable to sell your skins on legitimate third-party marketplaces that list the skin to its users. This is to ensure that you do hold a full ownership of your skin unless someone or the platform buys from you. Trusted marketplaces like SkinCashier also allow its users to track the transaction of the item and deposit the right amount of earnings to you once the deal is completed. Hence, be sure to verify and check the web address of the marketplace to prevent yourself from getting into malicious websites.
Also, apart from the persisting issue of scams, most skin trades involving real money transactions are also prone to risks like chargebacks, failure to receive the said amount on the receiving payment account and intermediary custody failures.
Invest in the future, while playing CSGO
Hopefully, with aforementioned points about the prospective investment in cryptocurrencies through your skin trade, you are better informed on how to monetise CSGO skins further, safer and faster. It is without a doubt, that the convenience and security brought about by receiving your earnings to cryptocurrencies are more appealing as compared to instant cashout to real money on platforms like SkinCashier. With some further research online and familiarisation of a Bitcoin wallet, you will be able to extend your benefit of selling your CSGO skins for a more promising future, proving to the non-gaming community that your time spent in playing CSGO is well worth the time and effort. Welcome to the new era of a digital economy, learn to use cryptocurrencies to your advantage.
Dubbed as the “Currency of the Future”, Bitcoin and the rest of the cryptocurrency market has seen a wider adoption, seemingly driven by an increasingly uncertain global economy. Today, you can even sell CSGO skins for Bitcoin and Ethereum, as they are viewed as safer and more secure payment methods than traditional currencies.
Unless you are a newcomer to the gaming space, Counter-Strike: Global Offensive (CS:GO) is one of the most popular multiplayer first-person shooter games over the past decade. Through the game-changing “Arms Deal” update, CS:GO skins have further catapulted the game into a formidable force in the gaming and esports industry. Today, it has been played by millions of players worldwide monthly, and has therefore become a staple in competitive gaming, with major tournaments like ESL Rio and IEM Katowice raking in a million-dollar prize pool every year. Skins for CSGO are also in hot demand as many active players are intrigued by the idea of customising their weapon with visually pleasing decals. Hence, it is no longer surprising to find a large underlying market that has been created to facilitate the sale of CS:GO skins, allowing players to sell CSGO skins for other skins, and even real money.
Thanks to these third-party marketplaces, CS GO skins can now be sold through Paypal, Skrill, and other payment method in exchange for real money instantly. The reason for the growing preference on using third-party marketplaces to sell CSGO skins is because of the limitation set by Steam, which forbids the withdrawal of funds back to your bank account. As a result, platforms like SkinCashier have gained traction as they allow users to sell items from CSGO and DOTA 2, another popular game on Steam. Thus, your items in the Steam inventory can be monetised, making your gaming experience over at CSGO ever more fulfilling. Adding to the fact that most people have at least a Paypal, Skrill and Stripe account, there will not be an issue to receive the payment for your items.
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