Lootbear is a third party trading platform for gamers that allows them access to various services like buying, selling, or trading skins. What makes LootBear a unique trading platform is the fact that it allows people to rent skins as well and even offers others the ability to become skin suppliers for the company. Lootbear as a company was established back in 2018, and even in the early days, got the reputation of a serious trading platform.
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Frequently Asked Questions
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LootBear works pretty much the same way as any other third party CS: GO skins website. Lootbear allows people to trade skins as well as to dabble in buying, selling, and even renting cosmetic items. The first three transactions work in a similar way and are really easy to perform. Simply sign in with your information, select the items that you wish to get or exchange, and click a button to complete the transaction. Provided that you have enough funds, the transaction will work every time.
If you want to rent an item, things work a little bit differently. Just as in previous cases, you will see a list of skins that you can get, however, you will need to be subscribed to LootBear to take advantage of this particular service. Once you are subscribed, you will see a list of cosmetics that can be rented. Simply choose the skin that you like and click on the "Rent" button. Congratulations, you have successfully rented your skin.
Yes, LootBear is a legitimate third-party marketplace that allows its community to buy, sell or trade CSGO skins as well as other cosmetic items. The website has been active for more than 5 years now, and each day receives numerous new gamers who are looking to use their services. LootBear takes its gamers seriously and offers help and support for all its users. Their site even has a large FAQ section that will help resolve any issues that anyone might stumble across when using the platform.
When it comes to making money on LootBear, there are a couple of ways you could go about it. The first thing that you can try if you want to make money is simply to sell skins and other cosmetic items that you don't want, however, this may not be very profitable unless you get your hands on some extremely rare, or extremely sought after skins. Still, if you have skins in your inventory that you are not using, and want to see them gone in exchange for a quick payment, you have that option. Another way to get some money is for a user to actively participate in skin trading. This means that the user should have a good understanding of the skins market and be able to buy certain skins at a lower price, and then resell them at a later point in time in order to turn a profit. While this is a better way of making money through the CS: GO skin trade, it is not ideal, as this will usually take a lot of time and the profits are sometimes not the best.
The last option, and probably the best one, at least when it comes to the pay, is to simply rent out your skins and become one of the LootBear skin suppliers. The way this works is very simple, the user offers the skins that they have in their inventory to the website to rent out to other players to use, and in exchange, he/she receives funds deposited on their LootBear account. Users who agree to rent out their skins are guaranteed a 3% monthly return on their investment and can earn quite a bit of money if their skins are renting often enough. The higher the demand for your skins, the more likely are they to start renting, and the more money will be deposited into your LootBear account. According to our research, there are users who claim to have earned up to a couple of thousand dollars each month or a few hundred per week, but the average reported seems to be somewhere between $200-$400 per month or around $50 to $100 every week. It is important to note that a user is not able to rent out all of their skins. In fact, the website has a list of skins that are in demand, and only those skins that are on the list and the user has in their inventory are eligible for renting.
On the opposite spectrum, Lootbear offers another service that allows people to rent skins from the website suppliers in exchange for a subscription fee of $14. 99 every month. This means that people who subscribe get access to the CSGO skins that suppliers share on the website as long as their subscription is active. Once the $14. 99 subscription runs out or is canceled, the cosmetics that the suppliers share will be available for rent again and other people could use these items if they see fit. Lootbear promises risk-free trading and provides high security for every transaction on their site and their company makes sure that the community receives the best service possible.
As mentioned above, people who sign to LootBear with either a Steam account or Facebook account can sell skins on the website as well as use any other service that LootBear offers. In order to sell the skins, however, you would need to sign in with your Steam account. Once this is done, head to the "Selling section" and all of your CSGO cosmetics will appear. From there, simply select the cosmetics that you don't need and then confirm the transaction. Make sure that you only take items that you would really like to get rid of, once the transaction is complete, there is no going back. Upon completing the transaction, the funds will appear in your LootBear balance. From there, you can withdraw the funds you got through the use of a payment method such as PayPal. The funds you withdraw will appear on your account instantly and there are no additional fees that you need to pay.
When it comes to CSGO skin trade, the value and the price of skins are two really important factors, and depending on the market, regardless if it is the official Steam marketplace or any other third party website like LootBear or SkinCashier, the price of each item can vary quite a bit. When it comes to selling CSGO skins to LootBear, the site offers to get skins from sellers at the value of 60% of the current market price, which is not great, but if you are just looking to get rid of your item stash in a single day, then this might be a good opportunity for you.
On the other hand, try as we might, we could not find out any information about the method that LootBear uses to determine the value of items when it comes to selling them on the company website. It is not unusual for such sites to keep this kind of information private. If we find out any new information about this, we will edit the article accordingly.