If you want to have a bet on CSGO, how would you go about doing so? Now, the traditionalist would probably think to themselves that they would sign up with an online esports betting provider that offers a wide range of CSGO betting and markets.
That is certainly the standard way of doing things, but in 2013, a new way to bet started to grow in popularity. This form of betting used in-game items that players earned through their play and, based on their rarity, allowed them to be exchanged.
This is how CSGO trading sites first came into being and after initially trading skins between players, the skins soon acquired a monetary value. This has led to the development of what some people term CSGO Skinpay, where you can use the cash raised by trading the CSGO skins you earn for cash, which you can then use to bet with.
So, if you are new to the world of CSGO skins gambling, what is it that you need to know to enjoy it safely? Let’s begin by answering a couple of key questions.
What Are CSGO Trading Sites?
As we mentioned before, CSGO trading sites are places where you can trade your earned CSGO skins for financial reward. However, there are essentially two types of CSGO trading sites:
- Cryptocurrency-based sites – These sites will exchange your skins for cryptocurrency and for this you must obviously have a cryptocurrency wallet to receive your funds.
- Real Money-based sites – These sites will exchange your skins for real cash, based on the currency used in the country in which you live. You can then use this cash to bet with.
Now, it sounds like both types of sites are very similar in what they offer, but in fact, nothing could be further from the truth. In terms of security and safety for the user, Real Money-based sites are by far the most secure and safest option.
The reason for this is simple. Valve, the owners of CSGO have been very active of late shutting down the many unregulated skins gambling sites that operate in this way. Furthermore, a number of crypto-based sites have seen players lose skins that they deposit as the site has shut down.
Given that many of these sites are unregulated and there have been numerous issues with them in the past, as well as issues linked with underage gambling, at esportsbets.com, we don’t feel cryptocurrency-based sites offer players the security they need to trade their skins.
In contrast, using Real Money sites is a far safer option. With this option, you need to verify your identity with the site you CSGO Trading Site you are going to use and that includes checking you are of legal age to bet in the country you reside in.
Signing up with these sites is easy and many of the top sites like Unikrn, GG.Bet, Winners.bet and more, all offer great flexibility over the skins you can use to trade for real cash, as well as the different esports betting markets you can bet on with the cash you make from trading your skins.
The other massive benefit by using these providers is that they operate under strict regulations and under license from the relevant authorities in the country in which you live. That means you can be sure your cash and skins are fully protected.
Are CSGO Trading Sites Legal?
In truth, the legality of skin betting is still somewhat of a grey area. Many legitimate operators offer this form of betting using real cash, but Valve has shown that they are keen to stop as many unregulated sites as possible over the years.
However, to completely stop Skins betting, Valve would have to stop in-game trading and creation of skins, which is a step they seem very unwilling to make.
As such, using CSGO trading sites for skins betting is something that you need to think about carefully, and if you do decide to trade your skins for cash, make sure you use a reputable, licensed, regulated and secure provider to do so.
How Do I Complete A CSGO Skinpay Trade?
The process to complete a CSGO Skin Trade, or Skinpay Trade, is relatively simple. Once you have an account with a provider, you simply log into your Steam account and deposit your skins to the gambling site.
The skin will be placed in your wallet on the betting site, or you can trade the skin in for currency. You can then place a bet with your skin, or cash.
If you win, then you will be paid out either with the site’s chosen currency or with other skins. You can then Cash Out these skins on Steam to use for a number of other purposes (buying more skins, use in game, sell on the Steam marketplace for steam credit for example).
Given the unregulated nature of some CSGO trading sites, skins betting is something that should be considered very carefully and only with a responsible provider. For the time being, we would advise that you wait to bet with your skins until there is further regulation in this industry so that it meets the exacting standards of other betting industries, such as esports betting.