Loot Market Review

Loot Market is a marketplace website that started its activity in 2015 by selling only Dota 2 skins. The demand was high, and soon enough its owners understood that CS: GO skins are a must-have commodity on their platform. The team states that their primary purpose is not just making money but developing gaming community.

Lootmarket makes buying and selling CSGO and DOTA skins or weapons easy. Sellers can benefit from enchasing their excessive inventory which can then be withdrawn for real-world use or to buy other items on the website. In our experience buyers tend to find better deals here as compared to on Steam. Though Loot Market has a max price limit and we are not sure if they’re updated with the slightest fluctuation on the Steam Market. Sellers need to sell for a price that’s around 15% lower than that of Steam, but unlike Steam, you get real money.

Sellers need to be aware of the fact that there is a minimum withdrawal limit of $10. However, selling your items may take some time and will require that you tweak the price a bit to attract potential buyers. At the end of the day the lower the prices, the sooner you’ll sell.

The Release

Whois.net shows that the domain was created on September 2013. However, as we  have mentioned earlier, the website became active in 2015.

Audience

The biggest traffic comes from the United States. But the selection of countries is so large that it’s hard to point out the strongest leaders.

Top 5 countries:

• United States 17%
• United Kingdom 8%
• Russian Federation 6%
• Philippines 6%
• Singapore 4%

Pricing

The CS:GO skins prices are set by users. We suggest to take time and look up the prices on similar items listed by other users. Keep in mind that the website doesn’t have a minimum price for the item (in spite of what the FAQ says) but it does have a maximum value for your item. The cost of a skin can’t be higher than its lowest Steam price +10%.

Withdrawal Methods

Loot Market uses a G2A Pay payment provider which enables to pay with a broad selection of methods:

• PayPal
• G2A Wallet
• Credit Cards/Debit Cards
• Skrill
• Paysafecard
• Bitсoin
• Money
• CashU
• QIWI
• WebMoney
• And more…

Please note that every method has its own fee, the final sum of your withdrawal and  the approximate time for the money to arrive (3 to 7 days) will be calculated at a “Withdraw Funds” page. Commissions to the payment service provider are covered by Loot Market.

Commission

Besides the commission during a withdrawal from Loot Market, the website also takes a commission from every sale, which equals 10%. It can be reduced to 5% with the help of loyalty program.

Tech Support

Loot Market has a 24/7 live chat support. The window of the chat is placed in a bottom left side of the screen. The website shows that the approximate time of response is 5 minutes. We received our answer in 3 minutes which is a great result.

Why Do We Trust Loot Market

Loot Market is a popular service which is proved by the listing stats shown on its CS: GO skins browsing page. The company sponsors a lot of players, teams, and events. Besides that, Loot Market also has partners mentioned on the website. They are famous players, streamers, and companies who openly support the platform. All of this was more than enough to gain our trust.

Bonuses And Promotions

The website regularly holds different giveaways, often a couple of them in the same period of time. It also has special offers (tasks). You get money on your LM account by completing them. Moreover, the website has a loyalty program where you need to collect “gems” by completing trades and depositing money. You can also get those “gems” from a referral program when you friends complete sales or deposit funds. The loyalty program can decrease Loot Market’s commission up to 5%. As if the options above were not enough the service offers an Elite (premium) account with a monthly subscription. The Elite account will provide you with cheaper “gems’, move forward your withdrawals in a queue, and more…

How To Trade

The trading process shouldn’t cause any troubles or confusion. In case you get lost and won’t be able to resolve your issue by reading FAQ, don’t hesitate to contact support. They are quick and friendly.

The Process

1. Login via your Steam account;
2. Complete the signup process (adding email and trade url);
3. Go to the CS: GO sell page;
4. Pick the items you wish to sell, set the price and add it to trade
5. Click “Begin Trade” button;
6. Wait for an email notification and a trade offer from Loot Market’s bot.

You can retrieve your item or change the price at any time before it was sold.

Pros of Lootmarket:

• Sell your CSGO skins and weapons for real money
• Easy to use and understand interface
• Save time because you don’t need to search for buyers
• Buyers benefit from lower prices compared to Steam

Cons of Lootmarket:

• Minimum withdrawal limit is $10
• A significant commission

Conclusion

Loot Market is a secure, user-friendly website that will help you sell your CS:GO skins and receive money via various payment methods depending on your location. The service holds a lot of giveaways and has an interesting loyalty program.