LootBear

LootBear Logo
Market Type
Bots
Seller Fee
50.00%
Registered Company
Zengaming Inc.
Founded
March 1st, 2013
Headquarters
Tel Aviv-Yafo, Israel
Key People
Jimi Gecelter
Or Praiss
Shai Gecelter
Monthly Visits
129.8K

Community Rating

4.7 Rating
2.5K Votes

Top Countries

France Flag France
13.10%
United Kingdom Flag United Kingdom
8.36%
United States Flag United States
7.84%
Germany Flag Germany
5.29%
Switzerland Flag Switzerland
4.83%

Social Media

Supply

Items
2,799 (13.40%)
Offers
10.5K
Total Value
$507.5K
Average Discount
18.15%

Payment Methods

PayPal
Visa
Mastercard
Bitcoin
Ethereum
Litecoin

Payout Methods

PayPal

Supported Games

Counter-Strike: Global Offensive

Introduction

LootBear is a marketplace for Steam items, particularly for CS:GO skins and items. The platform was founded about 9 years ago, on March 1st, 2013. LootBear is currently operated by Jimi Gecelter, Or Praiss and Shai Gecelter, with headquarters in Tel Aviv-Yafo, Israel. The LootBear marketplace and company have been vetted by CSGOSKINS.GG and deemed trustworthy by all our standards.

Popularity

LootBear is rated 4.7 out of 5 with over 2.5K reviews on Trustpilot. The LootBear platform received approximately 129.8K visits during the last month. There are currently 2.7K different items available on the marketplace, with a total of 10.5K listed offers. Additionally, the combined value of all CS:GO skins that are currently available on the LootBear market amounts to $507.5K.

Market Type

LootBear is a traditional bot-based marketplace. That means a seller must first deposit an item before it can be listed on the market. The deposit is done by sending the item to one of LootBear’s Steam bot accounts. Compared to P2P markets where the item can be listed on the marketplace while still being in the seller’s inventory, this is not such a smooth experience for the seller. But it provides a better buyer experience because upon purchase, the buyer can immediately receive the item without needing to wait for the seller to accept the trade.

History

LootBear is one of the oldest third-party CS:GO skin marketplaces that was initially released in 2013, just a year after the shooter was launched by Valve. It’s also a unique skin marketplace where users are allowed not only to buy and sell CS:GO skins, but also rent CS:GO skins from other players, which separates it from almost all other third-party marketplaces on the internet. The website has been advertised as the “Netflix for skins” due to this business model.

Despite being an old marketplace and having a unique concept, LootBear has struggled to maintain consistent growth over the years. However, it still maintains a decent user count that ensures a regular flow of new skins to the LootBear market.

Transaction Fees

LootBear enables users to directly sell their CS:GO skins to the website for a high fee. Users looking to sell their skins directly to LootBear will have to pay a fee of about 40-50% of the skin’s value, which is quite high when compared to most other third-party markets but still reasonable as the process of selling on LootBear is instantaneous.

For comparison, the Steam Community Market enables users to sell CS:GO skins for a transaction fee of 15%, but sellers have to wait for a buyer to purchase their items first.

Users & Popularity

Clocking over 100,000 visits per month, the LootBear marketplace is decently popular throughout the globe.

LootBear runs a unique referral campaign that enables its users to invite other players to the website for rare skins like the Dragon Lore. That, alongside some other successful advertisement campaigns that LootBear has run with popular CS:GO YouTubers has paved the way for LootBear to become a successful third-party marketplace.

How It Works

While the UI on the LootBear website looks fairly well-built, newer users may still have trouble navigating through the various sections of the website and the rental process can also get confusing at times.

As mentioned earlier, LootBear enables its users to buy, sell, or rent skins on the marketplace. Let’s take a look at how it all works.

Buying Skins on LootBear

Buying and selling skins on LootBear is a simple process and can be done in a few seconds.

If you’re looking to buy skins on LootBear, make sure that you’re logged into the website with your Steam account. To log in, users have to click on the top-right button marked "Log In" and proceed to log in with their Steam account.

Once done, simply head over to the Store section of the website, and you’ll be able to see a variety of CS:GO skins available on the market for purchase. Select the skins that you like, then hit on "Buy" which is located towards the top-left to choose your payment method and complete the checkout process.

Once the checkout is complete, wait for a trade offer from the LootBear bot, and accept it to receive the skins in your CS:GO inventory.

Selling Skins on LootBear

LootBear allows users to instantly sell their items for on-site balance which can then be withdrawn for real money via PayPal or used on the marketplace to buy other skins.

To sell their skins on LootBear, users can head over to the Deposit section of the website and select "Sell Instantly".

Once done, simply select the items that you wish to sell and hit on "Instant Sell" to begin the transaction.

Once you’ve successfully deposited your CS:GO skins on the website, you’ll automatically receive the balance on your LootBear wallet.

Renting Skins on LootBear

Being able to rent CS:GO skins is perhaps the prime reason why many users prefer LootBear over other third-party marketplaces.

LootBear enables users to rent skins from other players, and lend their own skins to other players for a regular monthly return on their investments.

Lending your CS:GO skins is a rather simple process that is quite similar to that of selling skins. Once you’re in the Deposit tab, hit on "Rent Out or Sell" to start renting out your CS:GO skins to other players.

Select the skins that you want to rent out, and hit "Deposit" to transfer your skins to the LootBear bot. Once the process is complete, you’ll receive a guaranteed 3% monthly return on your investment if your items are consistently rented out throughout the entire month.

LootBear Subscriptions

In order to rent skins from other users, you’ll have to purchase a subscription first. Users can choose to buy monthly, half-yearly, or yearly subscriptions based on their preferences. Getting a subscription will grant you the ability to rent skins from the LootBear marketplace alongside the following perks:

  • 4 Simultaneous Rentals
  • $400 Maximum Item Value
  • Unlimited Monthly Rentals

There’s also an "Ultra" subscription that lets users rent a maximum of 5 items or up to the combined value of $1,200. The Ultra subscription is available for veteran Lootbear users and can be enabled as an addition to their active subscription.

Once you’re done purchasing yourself a subscription, you’ll be able to rent skins from the LootBear market by heading over to the Rent tab.

Advantages

There are a number of advantages of using LootBear over other third-party CS:GO skin markets:

  • It is the only market that enables users to rent skins from other players.
  • Users can earn decent returns on their investments if their skins are rented regularly.
  • Users enjoy the freedom to rent any skin under $400 upon purchasing a subscription.
  • Has a wide variety of skins available on its market to buy or rent.
  • Allows users to instantly sell their skins for cash.

Disadvantages

Here are some disadvantages of using LootBear over other markets:

  • High transaction fee when selling skins directly to the website.
  • No "screenshot" feature is available on the website, which means users will have to run the CS:GO client manually to inspect the skins available on the LootBear market.
  • Unavailability of P2P trading. Items can’t be directly sold to other users for a lower sale fee.
  • Lack of withdrawal methods. At the time of writing, users can only withdraw cash via PayPal.
  • Doesn't support purchasing, selling, or renting skins from other popular games like DOTA 2, Rust, or Team Fortress 2.

Value History

Monthly Visits

Frequently Asked Questions

We’ve compiled a list of questions that are frequently asked about LootBear.

Is LootBear legit?

Yes, LootBear is legit! There are several factors which let us confidently say that LootBear is a trustworthy platform:

  • LootBear has been successfully operating since March 1st, 2013
  • The combined value of items which are currently listed on LootBear amounts to $507.5K
  • The market is operated by Zengaming Inc., which is a registered company in Tel Aviv-Yafo, Israel
  • The company has over 2.5K reviews on Trustpilot and is rated 4.7 out of 5 stars

Where is LootBear located?

LootBear has its headquarters in Tel Aviv-Yafo, Israel.

Who owns LootBear?

LootBear is owned by the company Zengaming Inc., which is operated by Jimi Gecelter, Or Praiss and Shai Gecelter.

What’s the seller fee on LootBear?

The fee for selling items on LootBear is 50.00%.

What are alternatives to LootBear?

There are several CS:GO marketplaces which are a viable alternative to LootBear, including:

How old is LootBear?

LootBear was founded 9 years ago, on March 1st, 2013.

Which payment methods are available on LootBear?

When buying items on LootBear, you can use any of the following payment methods:

  • PayPal
  • Visa
  • Mastercard
  • Bitcoin
  • Ethereum
  • Litecoin

Which payout methods are available on LootBear?

When cashing out balance from LootBear, the following payout options are available:

  • PayPal