How to Sell CS:GO Skins for Bitcoin
There are a few reasons for which Bitcoin became so popular. First, it is quite secure and the users are given anonymity. There is no real way to track the real identity of both sender and receiver so all parties remain anonymous. Moreover, Bitcoin is backed with a strong cryptographic technology Blockchain. It is also distributed and decentralized in nature which is also a good reason for some. After all, there won’t be one entity (bank, government) that will control YOUR money.
Another possible reason for Bitcoin popularity is its highly volatile price. You just need a few rumors to change the price drastically. This can be seen as both a pro and a con depending on which side you stand. However, that doesn’t change the fact that Bitcoin can give you huge earnings in a very short time.
Today, we will take a look on how to sell CSGO skin for Bitcoin, where can we do it and what are the basic rules you have to know when you want to trade CSGO skins for Bitcoin.
Sell CSGO skins for Bitcoin – In-Depth Guide
When the CSGO trading market became not just a novelty but also a profitable business, many companies unaffiliated with Steam started offering various services related to CSGO skins. Most commonly, they offered marketplaces alternative to the Steam Community Market. They also focused on money withdrawal and skins 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, the option to trade CSGO skins for Bitcoin seems very natural.
Where can you sell CSGO skins for Bitcoin?
There is a number of websites through which you can sell CSGO skins for Bitcoin. However, to be more precise they offer an option to trade CSGO skins for Bitcoin. You sell your skins to either that website or through their marketplace to another user and Bitcoin is just another payout option among many, many others. So, they just offer you to pay out your earned funds right to your crypto wallet in the dollar equivalent of Bitcoin. Other payment options they usually offer are Paypal, Skrill, Payoneer or even wire transfer however expensive they are. Just go to the main page of a particular website or marketplace you are interested in and look for the Bitcoin logo. Otherwise, you may go through either FAQ or How it works section and look if they support Bitcoin payout. You may also just write to their support with that question. If you don’t know which sites you need to look for, just type “Where to sell CSGO skins for Bitcoin” in the search engine and let Google do the rest for you.
Guide to selling CSGO skins for Bitcoin
So you want to exchange CSGO skins for Bitcoin buy you just don’t know how to sell CSGO skin for Bitcoin? Fear not! It is quite simple.
First, you need to have a Bitcoin wallet of your choice. Of course, the more secure the better, but which wallet you chose is completely up to you as they all work the same. Then, sell the CSGO skins through the third-party marketplace or to the private website that offer payouts in Bitcoin. When your transaction completed successfully and your account was updated with newly earned funds it is time to pay it out. Payout windows differ between each website, but not much. Just input how much you want to withdraw and select the method. Naturally, you will have to give your Bitcoin wallet address for your Bitcoin can be added to your wallet. Congratulations! You just made your first CSGO Bitcoin.
Should you consider selling CSGO skins for Bitcoin?
This is quite a hard question. If you already have some Bitcoin and know all ins and outs of the 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. Because of the harsh regulations, some countries want to impose on websites that offer a lot of transactions in Bitcoin and other cryptocurrencies, many websites fear or outright remove the option to pay out in cryptocurrency at all.
On the other hand, those that do still offer to payout in Bitcoin, often impose very heavy rates on these payouts. IN the end, when you add all provisions, taxes and payout rates you land with 30% less in your Bitcoin wallet. In this context, you shouldn’t really consider the option to trade CSGO skins for Bitcoin.
Although the option to sell CSGO skin for Bitcoin is there, you should always consider all the pros and cons of such a withdrawal option. Always ask for the rates of exchanging dollar to Bitcoin, because, in the end, it may be more profitable to pay out in dollar and than exchange on your own.