Steam Trading Guides

How to Convert your Steam Wallet into real money (Paypal/Bitcoin)

convert steam wallet to cash

In this guide we’ll talk about how you can withdraw your Steam wallet money from Steam into your pocket, there is no feature in Steam that let’s you do that but that doesn’t mean you can’t get real money from your Steam funds, in this guide we’ll show you a easy way on how to do this. The idea about is simple, we’ll head over to the Steam community market, buy items with our Steam funds, then sell those items for real cash. Below I’ll go through the process step by step. and show you how to maximize your profit when converting Steam funds into money.


First things first we’ll head over to the Steam Community Market’s, I would suggest you buy any CSGO key (not Capsule Key), these keys have a stable price and has a high demand, so you’ll sell them pretty fast for a fair price.

bitskins logo

After you bought the keys you should head over to Bitskins (they have only a 5% sales fee making it great for cashing out) to sell them, use their price check feature to see what the best selling price could be, undercut the lowest price will get your item sold fast and if you set your price to compete with other sellers but not the lowest you should sell your keys in a few hours or so. After the keys are sold you can cash them out though Paypal, Bitcoin or via Bank wire.

Down below I’ll go into more detail how you can do this and also provide a few alternatives that will increase the amount of money you can get from your Steam funds when cashing out, that being said buying/selling CSGO keys is one of the quicker option for cashing out from Steam.


Buying our items on the Steam Community Market

The first step of the guide is to buy a few items on the community market with our Steam wallet funds, you can do this with items from any Steam game, but we’re going to use CSGO items just because there’s a high demand for them and people buy & sell them for real money at high volumes.

You got two options here, either you just buy the skin/key of your choice on, or you can place a buy order for that item, placing a buy order will get you a lot more money for your Steam funds but it will take much longer. To minimize the wait I would place buy orders on several items in the hopes that any of them would go through, also don’t be a cheap ass when placing your buy orders, if you place a way to low buy order you’ll never get any items.

If your in no hurry and want to maximize what you’ll get when converting your Steam wallet into cash you could wait for any of the big Steam sales (summer/winter sales). When the big sales comes around the corner a lot of people are in need of Steam funds and they sell their items on the community market so they can buy the games they want on the sale, this makes a lot of items on the market drop in price, making it a perfect time to spend your funds in your Steam wallet. Just make sure you wait to sell them for real cash until the prices have gone back up to normal, which could take anything from a few days to weeks after the sale has ended. This is your best option for maximum value but it will take a lot of time.

Another thing you should consider when buying items on the Steam community market is that after you bought a item there’s a 7 day wait period until you can trade that item, this is a feature that was implemented years ago to fight scammers, but for us regular users it can be quite frustrating.

What items should you buy when cashing out

Buying CSGO keys to use to cashout is always a safe bet, they have a good value when being sold for cash and they tend to sell really fast, the only downside is they can be quite expensive on the community market, a high demand means a high price for both buying and selling.

Your other option would be to invest in some CSGO skins, there’s a potential to get more for your Steam funds when buying skins, but there’s also a bigger risk considering skins are changing in value from time to time, and also the fact that all skins won’t sell that fast (if there isn’t a high demand for it). You would want a skin that’s high in demand so that it sells relatively fast, and at the same time you don’t want a item that have a to big of a demand, then you will have a hard time buying that skin for a decent price on the market and you’ll also be competing with a lot of other sellers.

How to find a good skin to buy

CSGOcommunitymarket

We want a skin that has a high demand so we can sell it fast and for a reasonable price, we can find skins like that by heading over to the Steam community market and more specificity the CSGO section of the market, here we can see a bunch of skins that are in high demand right with a list with all the most popular items. This is a great start for finding popular items, make a list of potential skins to buy or leave a tab open in your browser with the Community market.

In this guide we’ll be using Bitskins to sell and cashout our skins, and we’ll be comparing the skin prices over there with the Steam market prices. Now it’s time to start to comparing the prices on the Steam Community market and on Bitskins, try and find a item that has a good exchange rate and a low difference between buy price and sell price. Open up a tab in your browser for Bitskins and one for the Steam community market and start comparing prices, keep searching until you find something worth buying. Just keep in mind that you won’t be able to convert 100% of what you have in your Steam wallet into cash, expect to lose around 20-30% in value when cashing out.

I would avoid Souvenir & StatTrack skins, just because they can be hard to sell.

Selling our items for cash

chroma 2 key

As mentioned above I suggest you use Bitskins for this part, it’s one of the most popular marketplace to buy and sell CSGO items for real money, which means you’ll get your items sold fast (if you set at a fair and decent price), they also have low fees for selling, they take a 5% sales fee on every sale, which is as low as it gets on these kinds of sites, less fees means more money for you when cashing out your Steam funds.

First things first, we need to check what other people are selling our item for on the site, do a quick price check. And then either put it up for sale below the lowest price if you want the item to be sold fast, or a bit higher if you have no problem waiting for the item to be sold. It’s also important that you picked a item that has a high demand, otherwise you’re looking at sitting on your item for a long time before it gets sold.

Alternative shops to cash out with

 

There’s plenty of other CSGO shops you can use to cashout your Steam wallet, and SkinBaron and Opskins are two other option. If you want even more alternatives to Bitskins you can check out this guide for other CSGO marketplaces.

 

Here’s a quick recap of all the steps.

  • Pick your items/skins to resell
  • Buy the skins/items/keys on the Steam community market, either with buy orders or from the cheapest seller.
  • Wait 7 days to be able to trade your items
  • Sell the items on Bitskins (or any other marketplace), do your research and see what others are selling the items for, and sell your item for a fair price.
  • Cash out your money via Paypal, Bitcoins or the payment option of your choice.

 

What items are you using to cash out with? What skins or items works the best? Share your experience.

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1 Comment

  • Reply
    Rock Bollinger
    13 September, 2017 at 20:06

    While trading PUBG items, I occasionally find ones that sell for MORE on OPSKINS than they do on the SteamMarketplace. So I can actually make a small profit when cashing out. For example, I recently did this with around 10 of the “Slacks (Blue)” item. There are not many opportunities to do this though.

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