The increasing value and popularity of cryptocurrencies have made Bitcoin a widely used instant mode of payment for games like Counter-Strike: Global Offensive (CS:GO). Although it’s now an inevitable part of CSGO skins trading, there are certain risks new users need to be wary about. Let our experts walk you through this method for safer and more efficient transactions.
Why Buy and Sell CS:GO Skins with Bitcoin?
Like physical trading, buying and selling CS:GO Skins with Bitcoin in a digital marketplace come with susceptible risks. With our team’s first-hand experience, it became apparent that these transactions can easily be an avenue for unwanted fees and deceiving trade conditions.
Lucky for you, some skin sites like SkinCashier innovated an alternative cashout method solely dedicated to Bitcoin to secure the user’s digital wallet. And because you’re trading game skins for cash, our resident traders advise you to consider the site’s security guidelines carefully.
If you run through some technical difficulties, you should ensure that the skin site of your choice has an attentive 24/7 customer support team readily available to assist you as well.
Movement of CS:GO Skins Market and Bitcoin Prices
When you buy or sell CS:GO skins for Bitcoin, it’s crucial to consider cryptocurrency’s market condition and price volatility. You may not know it, but the value of skins changes according to the movement of the digital economy.
While you have to be truly cautious of inflation waves, having backup strategies is what we highly recommend. Trading your mid-tier skins would enable you to earn your keep and avoid loss during inflation. If you’re a beginner in CS:GO Skin trading, it’s safer to start small and go big later to have a better grasp of the ruthless and unpredictable market movement.
Rise of Bitcoin and Cryptocurrency
During the 2009 economic recession, a peer-to-peer monetary system called Bitcoin was created by a developer named Satoshi Nakamoto. With no physical entity, this decentralized cryptocurrency quickly rose to fame as an accessible payment network for digital trading.
For a massive gaming community like CS:GO with 11 million monthly players, the rise of skin trading marketplaces accepting Bitcoin is a development many users already expected.
Given that these transactions give users anonymity, it’s no surprise that users playing under gaming pseudonym finds Bitcoin blockchain quite enticing than its alternatives.
One of the notable advantages of trading skins with Bitcoin is its flexibility. Its rising demand is highly justified with faster transactions and lower fees as opposed to other currencies that require longer bank procedures and higher costs.
Monetizing CS:GO skins are made conveniently possible with the easy cashout options for cryptocurrencies like Bitcoin. Upon our first-hand trial, the instant conversion of your in-game monetary values to actual cash is a pleasant experience that saves us time and encourages us to keep on trading.
Best Skins to Trade For Bitcoin
Not all CS:GO skin sites accept Bitcoin, so it can get tough finding one that suits your mode of trading. Fortunately, our game experts found reliable marketplace options that you can consider in your buy/sell journey.
Some of these sites can offer instant sell types of transaction. Some offer commission fees depending on the current skin prices and have a certain cashout threshold range to maintain.
Nonetheless, you will find most of their Bitcoin and Keys payment methods very convenient.
(Looking for the most interesting weapons for CS:GO? Here are the most expensive knife skins you can check in the Steam market)
Whether you decide to sell or buy CS:GO skins for Bitcoin, our resident traders advise you to take time to strategize before delving deep into the world of trading. After all, cryptocurrency does come with its risks. One thing is for sure, though. It can be convenient and efficient to use once you understand how to facilitate its full potential.