Steam Introduces Trade Holds to Protect Against Scammers

If you’re a member of Steam then there’s a chance that someone may attempt to access your account and trade off all of your in-game content to a...
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    If you’re a member of Steam then there’s a chance that someone may attempt to access your account and trade off all of your in-game content to a separate, fake account for themselves. In an effort to snuff out this issue throughout the site, Valve has decided to initiate trade holds on accounts. This new security measure could possibly limit legitimate members on-site, but all in all this minor setback will surely outweigh the risk of losing all of the Steam games that you’ve paid for.

    Valve will carry out trade holds by clarifying if a user attempting to trade away an item has had their account protected by a Mobile Authenticator for seven days before the trade. If the account has not been protected, any items that are being traded will be delayed up to three days. Thus giving users a decent period of time to cancel any current or pending trades after they realize someone has tried to steal their games. Any user that cancels pending or trades that are being held will go through a trading cooldown to prevent any more unauthorized attempts to steal items.

    This new security measure will be implemented to Steam on December 9th. For anyone who would not like to deal with trading delays on their Steam account, you can download the Steam Guard Mobile Authenticator for your iOS or Android device to protect your games from scammers. How do you feel about this new effort to defend accounts? Do you think it will discourage scammers on Steam? Share your thoughts in the comments below!

    Credit to The Finders Cult for the topic!

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    About Author

    RaoulDuke
    A member of the Retired Writer squad. I mainly enjoy writing about the newest updates and releases in the FPS and open world genres, but typically branch out into many other forms of gaming and technology.

Comments

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  1. ANG3LK1LL3R127
    these trades are for in game content only like csgo. you cant trade steam games. games are permanently locked with the cd key to the account.
      Incorporated likes this.
  2. aspboss003
    I need steam
  3. The Wangdoodle
    I would like to know when is Steam going let us trade unwanted games for credit towards a new one or trade games amongst other Steam User's. Even the first sentence states or it could be a typo "If you’re a member of Steam then there’s a chance that someone may attempt to access your account and trade off all of your games to a separate account for themselves." I could be reading it wrong though.
    1. RaoulDuke
      Indeed that was a typo on my end. I simply forgot to add in 'fake account.' Thank you for bringing this to my attention, even if it wasn't intended lol
    2. The Wangdoodle
      Lol. I figure, but I wanted to make sure.
  4. K _
    The first sentence just made my heart drop.
  5. OvaKill
    Most Games can be downloaded for free without steam so this is probably nothing
  6. Incorporated
    My question is how the scammers gaining access to the account without like a RAT or phishing site. Someone today threatened to take my account and steal all of my csgo inventory, when I asked him how he would do it, he laughed like it was mad easy and would just magically happen. I know there are tons of ways for people to RAT your computer via motd drive by downloads or fake teamspeak updates or links to suspicious sites but I don't fall for that crap. This guy made it seem like there was some new exploit that made it a lot easier to just take someone's steam account and empty the entire inventory.
      Gamerjackiechan2 likes this.
  7. televisedfool
    Always a good thing to add extra security measures. Anything that makes it more difficult for people to pull of these scams the better.
      OvaKill and Incorporated like this.