Tradable case keys in CSGO have gone on a wild ride of prices rising to questionably high levels with no real reasoning behind this major spike in price.
Valve Interferes on the Market
On October 28th of 2019, Valve released an update to CSGO to make all new case keys purchased unmarketable and untradeable. This meant the keys sitting in users’ inventories became contraband but still had the old trading and selling features.
Now CSGO players can purchase keys from Valve for $2.50 for opening cases, or they can go on the community market to buy tradable keys at a price determined by the community.
CSGO keys were once used as a currency for skin traders to rely on because their prices hardly ever fluctuated past two dollars and fifty cents. Nowadays, keys are one of the most volatile items on the Steam community market, making them unreliable for skin traders.
Keys aren’t that great. For one, I mean, for one they are not that unique… on top of that, they are not that rare.TDM_Heyzeus (YouTuber)
Without use as secondary currency, too expensive for opening cases, and not usable when playing CSGO… what factors drive key prices so high? We believe these items have been overhyped by influencers who gave their followers the false reality that they are a good investment.
Thousands of keys in abandoned Steam inventories could be dumped onto the market at any point. There is little to no use in owning contraband keys when their prices exceed Valve’s standard key price.
Every investment involves an unpredictable amount of risk. SkinLords writers’ are not financial advisers and do not claim to be financial advisers. Conduct your own research before making any decision.