What is Steam Wallet?

Every major gaming platform has its own marketplace, whether it’s PlayStation, Xbox, or Steam. Steam also lets players store their money as a sort of credit, making it so much easier for players to buy whatever they want from there, whether it’s a game, DLC, or software. This is done through the Steam Wallet, but knowing everything about this wallet is crucial to ensure you can use its features properly.

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How does the Steam Wallet work?

Checking Steam balance

The Steam Wallet is effectively a sort of digital storage that stores your virtual currency to use on Steam. This can be used to purchase anything on the platform, including games, downloadable content, in-game purchases, and software. Since it’s a prepaid balance, players don’t have to enter any payment information at the time of checking out.

As for how it works, you first add funds to your Steam Wallet. There are several ways to do this, but most players typically buy Steam cards to transfer funds to their Steam Wallets due to their convenience. 

How do you add funds to a Steam Wallet?

Some of the most popular ways to add funds to a Steam Wallet include:

  • Using a Steam card

  • Using a debit/credit card 

  • Using a virtual bank like PayPal

  • Selling items in the Steam marketplace

Regardless of the method you utilize, you’re free to use your funds however you wish after they’ve been added to your wallet. It’s important to keep in mind that you can’t withdraw funds from your Steam Wallet after they’ve been transferred to it. Because of this, you should ideally only add the amount to it after confirming that you’ll actually use it. The good news is that the funds remain in the Steam Wallet until you spend them on the platform.

What are the benefits of using Steam Wallet?

Adding a Steam game to cart

The main benefits of using funds from your Steam Wallet to buy games and other offerings from Steam can effectively be boiled down to three core advantages.

Firstly, this method is extremely convenient. Since the funds are added to your Steam Wallet at once, you don’t have to re-enter your bank details or redeem a Steam card every time you want to buy something. Just enter a larger amount in bulk through your method of choice, and let the funds sit in your wallet until you want to spend them. Also, those who want to gift games to their friends but don’t want to enter their bank details can just redeem a Steam card into their own account to allocate funds to their Steam Wallet, then use those funds to gift the game, making the process much easier.

Secondly, players get more control if they have funds in their Steam Wallet. Since the wallet has a set amount that the player adds, it stops any overspending and makes players more conscious of their purchases. If someone finds themselves spending more than they should on Steam, then they should consider using a Steam card to add only the amount that they’re comfortable spending in a month, and use that as their monthly budget. Repeat this process at the start of every month to notice a major improvement in spending habits.

Finally, allocating funds to your Steam Wallet ensures that every purchase is prompt. Since Steam tends to hold multiple sales, players have to be quick if they don’t want to miss out on buying their favorite game for cheaper than usual. In this case, just using the Steam Wallet is the quickest way, since the funds are already there and you just have to use them. This also ensures that you can quickly gift games to friends.

LootBar: best way to add funds to a Steam Wallet

LootBar Steam page

Before anything, it’s safe to state that using Steam cards is the best way to add funds to your Steam Wallet. They’re convenient, safe, and can be purchased digitally. To take things a step further, we’ll also tell you where the best way to buy these cards to add funds to your wallet is.

LootBar is one of the most well-known and globally utilized marketplaces. Whether it’s in-game currency for a game or gift cards, this platform has it all. The perfect reviews on LootBar’s Steam gift card page are proof of its efforts to ensure customers get the best possible experience at the best possible price.

In addition to offering the best price in the business and a straightforward checkout process, LootBar’s best quality truly shines after the order is complete. Players receive their Seam gift card code within three minutes, with some reviews indicating that it is delivered instantly. This showcases how much the platform prioritizes the customer’s time, simplifying and polishing the purchasing process.

Conclusion

This was everything you needed to know about the Steam Wallet, including what it is and many of its benefits. It wouldn’t be a stretch to call Steam the best platform to buy PC games, and with new games constantly coming out and going on sale, how about buying a Steam card to ensure your Steam Wallet is filled for when you find something you want?