Valve recently started a new trading system they are calling trade offers. The idea behind it is to trade items with friends even when you aren't at your computer. Unfortunately, there is a bad side to this as well. 1. The Basics Steam Trade Offers is just that: a way to set up an offer and trade items. You pick what you want to trade out of your inventory and pick out what you want from a friend's inventory. If they accept, the trade is done automatically. If not, your friend can make another offer or simply refuse. 2. The Good The nice part about trade offers is you can make an offer and it might happen without you having to do anything. This means you don't have to worry about the trade timing out or any other Steam related hassles with live trading. There is also no chance of a quickswitch as long as you are paying attention to what items are being offered on both sides. This does set up a bit of bad, though. 3. The Bad Ignorance in how the trade offer works has led to people getting sharked. The sharker takes advantage of their target not knowing how it works to get (sometimes very valuable) items for next to nothing. There are also people offering steam wallet funds for items through this system. As of yet, there is no way to transfer wallet funds directly. Unless they give you a Steam wallet code in it's entirety, they are probably trying to scam you. Do not go through with this kind of trade unless you are sure you can trust who you are trading with. Sharks also try the "fake offer" method, where you put up your valuables for some of their lowest value items. They say they will change the offer before accepting it, but take it as you set it up. It is considered a scam if there is evidence of a money agreement, such as a chat log, reddit post, etc. Valve does have a statement in the FAQs on trade offers that states "All trades are final", seen here. 4. Things to Remember When making a trade offer, you decide what you want to give and what you want to take from your friend. Any offer you give can be accepted as is, so an empty offer for an item can be taken. Any notes that are added to the offer were written by the person who set it up. Valve will not add notes to any trade offer. Check quality and history on anything you have doubts about. I think that about does it. Feel free to add anything I missed or correct any mistakes. Update 1: Fixed a few mistakes Update 2: Added Steam wallet trades Update 3: Added "fake offers"