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SkinBid Review – Is SkinBid Legit?
Overview & History
SkinBid is a third-party marketplace that sells CS2 skins using a peer-to-peer system (P2P). Users can sell skins and withdraw real money, crypto, or other CS2 skins. SkinBid has become particularly popular for its affiliation with popular creators Zipel and OhnePixel.
Experiences, Fees, and Limits
Buying Skins on Skinbid
Purchasing skins on SkinBid is the same as any other P2P site, excluding the KYC process required to use the site. SkinBid is a fairly new site, so skins can take a long time to sell as the site lacks a large amount of traffic or an “Instant Sell” feature.
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1Connect a Steam account using the correct link to avoid endangering your account
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2Browse the “Marketplace” tab and access a large variety of search filters to find a specific item
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3When ready to purchase, the user can either choose a cart function or buy it straight on the marketplace using the “Buy Now” function
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4To purchase an item, a balance must be present in the user’s SkinBid wallet, which can be filled through credit, debit, crypto, or skin deposits
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5Upon purchase, items will be sent swiftly to the buyer’s Steam account
Auctions on SkinBid
Auctioning is an impressive feature that not all too many sites boast. Allowing players to gamble and level the playing field auctioning can be a significant risk to get a higher bid on an item. Acuctioning on Skinbid goes as follows:
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1Complete KYC, and proper account setup
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2Select a skin from your inventory and choose “Auction” instead of setting a fixed price.
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3Set a starting bid and duration
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4Watch incoming bids as buyers compete for the item
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5Once the auction ends, wait for confirmation and send the trade offer, then accept it on your Steam Mobile Authenticator
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6Receive the final payment in your SkinBid balance upon completion of the deal, which can then be withdrawn or used to purchase other items on the site
Selling Skins on SkinBid
Selling skins on SkinBid is somewhat complicated. Any form of selling on the site requires an intense verification process. Other than the KYC required, selling on SkinBid is generally no different from selling on other P2P sites. Selling on SkinBid goes as follows:
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1Complete the necessary account setup as well as the required KYC
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2Click the “Inventory” tab and select the items wanted to sell
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3Choose the sell option in place of the primary auction function
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4Wait for the item to sell, manage potential offers on the item
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5Upon sale, confirm the sale and send a trade offer to the buyer’s account
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6Receive funds in the form of a sight balance that can then be used to purchase other skins or withdraw into real money or cryptocurrency
Fees & Limits
Skinbid charges a high fee for its popularity, with an 8% selling fee on all skin sales. Although this is a low percentage compared to Steam’s 15%, it is in no way low as far as third-party marketplaces are concerned. Depending on the withdrawal method, withdrawing on Skinbid can occur for a fee.
Traffic & Popularity
Skinbid has become extremely popular due to its endorsement from the famous creators Zipel and OhnePixel. These two content creators have led the site to achieve extreme growth in a very short amount of time. Some of Skinbids achievements are:
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Over 460,000 Monthly Visitors (Via SimilarWeb) -
A 4.9 Star Rating On Trustpilot, With Over 950 Five Star Reviews
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Partnership With A Professional CS2, Team Ecstatic
Ownership & Licenses
Skinbid is based in Aalborg, Denmark, and owned by SkinBid ApS. Skinbid is one of the few sites in the CS2 scene entirely compliant with all European rules and regulations. This is not only a good reflection of the company as a whole but improves the safety and experience of the site itself. Other than its compliance with local laws and regulations, what licenses Skinbid currently holds is unknown.
