Skinwallet

Introduction

Skinwallet is a marketplace for Steam items, particularly for CS:GO skins and items. The platform was founded about 3 years ago, on February 5th, 2019. Skinwallet is currently operated by Kornel Szwaja and David Chomicz, with headquarters in Szczecin, Poland. The Skinwallet marketplace and company have been vetted by CSGOSKINS.GG and deemed trustworthy by all our standards.

Popularity

Skinwallet is rated 4.3 out of 5 with over 2.7K reviews on Trustpilot. The Skinwallet platform received approximately 383.4K visits during the last month. There are currently 4.8K different items available on the marketplace, with a total of 42.2K listed offers. Additionally, the combined value of all CS:GO skins that are currently available on the Skinwallet market amounts to $100.1K.

Market Type

Skinwallet 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 Skinwallet’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

Founded in February 2019, Skinwallet is a third-party marketplace where users can purchase and sell skins across various games including CS:GO, DoTA 2, and Team Fortress 2. Despite having reasonable transaction fees, a decent UI, and a number of convenient features on the website, Skinwallet has struggled to compete in popularity when compared to some other renowned third-party marketplaces.

However, Skinwallet still enjoys about 200,000 visits per month and has a wide array of skins at its bots’ disposal.

Transaction Fees

Skinwallet charges its users a flat 5% transaction fee per item sale made on the market. This fee is significantly higher if you’re instantly selling your skins for cash on Skinwallet. If you decide to instant-sell your skins on the website, you can expect to receive about 60% of your skin’s Steam Market value in cash.

Do note that users may have to pay additional fees when attempting to withdraw the money from their wallets.

Users & Popularity

Skinwallet is a Poland-based marketplace, and the website is primarily dominated by Polish users. Stats reveal that about 15% of Skinwallet users are from Poland, with the US trailing close behind with 10% users. It’s also listed on the stock exchange in Poland.

Due to the relatively low user count of Skinwallet when compared to some other popular third-party marketplaces, selling items on the Skinwallet marketplace may often take a while, especially if you’re selling items that are not in high demand. Buyers can also experience a tougher time trying to find the specific items that they want to purchase from the Skinwallet market.

How to Use Skinwallet

Skinwallet enables users to purchase CS:GO skins directly from bots, sell skins on the marketplace, or instant-sell skins for cash at a hefty fee. Skinwallet has a well-built and intuitive UI that helps new users navigate through the website at ease. Purchasing or selling skins on the website takes no longer than a few seconds. Let’s take a quick look at how you can buy and sell skins on the Skinwallet marketplace:

Buying Skins on Skinwallet

Before you try to purchase skins on the Skinwallet marketplace, make sure that you’re logged into the website using your Steam account. To do so, head to the Market section of the website and click on the "Log In" button located at the top-right of the page. Once you’ve logged in, you’ll be automatically prompted to enter your Steam Trade URL, which can be found here.

Now all that’s left for you to do is make a selection from the wide range of skins available on the Skinwallet bots and purchase it. Once you’ve made your choice, click on "Add to Cart" and then "Checkout" to start the transaction. Select your preferred payment option to top up your wallet and finish the transaction. Once the transaction is complete, the Skinwallet bot will automatically send you a trade offer with your desired skin.

In case the skin you want is on a trade hold, you’ll have to wait for the trade hold to expire before attempting to withdraw the skin.

Selling Skins on Skinwallet

Skinwallet enables its users to sell their skins either on the marketplace or directly to the website at a higher fee.

First, let's take a look at how you can sell your skins on the marketplace to other buyers.

To start selling skins on the Skinwallet marketplace, head over to the Market tab and log in with your account. Select the skins that you wish to sell from your inventory, set the price that you wish to sell them for, and hit "Go to Summary" to list your items on the market. Once a buyer purchases your items, you’ll receive the amount in your Skinwallet balance, which you can then withdraw through a variety of payment options available on the website.

To sell your skins instantly to the Skinwallet bots, head over to the Instant tab of the website and select the skins you want to sell. Once you complete the transaction, the funds will instantly be deposited into your Skinwallet balance.

Advantages

There are certain advantages of using Skinwallet to buy and sell items over other third-party marketplaces:

• Lower transaction fee (5%) when selling skins on the marketplace than that of the Steam Community Market (15%).
• Well-built, intuitive UI that makes navigating through the website hassle-free for new and experienced users alike.
• Users have the freedom to instantly sell their items if they don’t want to wait for a buyer.
• Besides CS:GO skins, Skinwallet also supports skins across other popular titles such as DoTA2 and Team Fortress 2.
• Skins on the Skinwallet marketplace are generally priced much cheaper than those on the Steam Community Market.

Disadvantages

Here are some of the disadvantages that users may face when using Skinwallet:

• Higher transaction fees on the market than that of some other third-party marketplaces like BUFF163 (2.5%).
• Doesn't have a "Screenshot" feature available on the website. Users have to manually launch the CS:GO client to inspect skins listed on the Skinwallet market.
• Lack of an "Auctioning" feature.
• Items on the Skinwallet marketplace can often be on a trade hold, which means that the buyers have to wait out the duration of the hold, even after purchasing the item, before they can add the skins to their Steam inventory.