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Everything You Need to Know About Game Console Trade-In

Everything You Need to Know About Game Console Trade-In

Video game console trade-in continues to prosper thanks to the relentless developments in digital entertainment creation, virtual reality, and video game tournaments. It seems like every quarter the latest and greatest system is released forever fuelling the insatiable appetite of gamers the world over.

Video game console trade-in continues to prosper thanks to the relentless developments in digital entertainment creation, virtual reality, and video game tournaments. It seems like every quarter the latest and greatest system is released forever fuelling the insatiable appetite of gamers the world over.

According to the latest reports, the global revenue for the video games market has increased by 13%, with a large portion of the revenue coming from China thanks to the gaming giant, Tencent.

Today, Tencent is the world’s top performing video game development company with more than £11B in revenue. It has surpassed the success of American companies like Sony, Blizzard, Microsoft, and Apple which earned a measly £5.5B, £3.85B, £3.77B and £3.69B respectively.

Because of the incredible tech turnover rate of gaming consoles, trading in your old console for the ability to upgrade your purchase for the latest and greatest has never been easier.

This guide will give the no holds bar lowdown on what you need to know in order to get more from your existing consoles so that you can level up with ease.

We’ll give you a glimpse into the gaming console history, the best selling tactics, and a lot of awesome insider tips and tricks.

3…. 2… 1…. GO!

A brief history of gaming consoles

Video game consoles were first introduced in the early 1970s. Since then, eight generations of consoles have been released.

Each generation boasting a number of awesome features that every avid gamer needs for an optimal gaming experience. For example, when the 8th generation gaming consoles were released their ability to be integrated with other types of media to improve efficiency, connectivity and provide a modern experience was a feature warmly welcomed by industry enthusiasts.

This can be seen in some of the latest gaming consoles that come with unique features like the share button of the PlayStation 4 and the hybrid mobile controller function of the Nintendo Switch. Next year, gamers anticipate the release of Sony’s PlayStation Five and Apple’s Xbox Two which will boast even more advanced integration opportunities.

What to do with an old video game consoles

It’s in the interest of every game developers bottomline to create new consoles on the regular. And although you might have a lot of fond memories with your existing consoles, many are no longer compatible with the latest games and technology of today.

So, instead of letting it collect dust on a shelf, there are other options that can give your old console new life.

  • Use it as a media centre - Most consoles can’t play Blu-ray DVD, but you can still use them to watch movies. Whilst other consoles like the Xbox One need only have the Blu-ray app installed and voila! Your and your favs can snuggle up to watch a flick.
  • Recycle it - Never throw away an old console in the trash because it contains toxic materials that might leak into the environment. Plus, some game development companies like Nintendo offer a Take Back Program for old gaming devices. Make sure to do your research in your local area for any recycle guidelines worth noting.
  • Rehome it - Plenty of gaming enthusiasts are avid console collectors. Post it up ina local buy and sell group and see who bites!


  • Trade it in! - With new consoles emerging each and every year, a popular option is to trade in your old device. The generated funds can help get you the latest and greatest.

When should you sell your console?

So when should you even start thinking about selling your console? Is it the moment you hear about an upcoming console launch? What other factors do you need to consider?

Here are some things you might want to ponder on:


  • Do you still use your current console? - If you don’t use it as much as when you first bought it, then you should definitely sell it. Think about the other things you can buy with the money.
  • Do you love collecting console? - Thousands of gamers have their own prized collection of gaming consoles. If you’re one of them, then you’re better off keeping the device. One day, you might get the chance to show it off to your grandkids! Not to mention who knows what the value of retro tech could be in the future!? Something exciting to ponder...


  • How much do you need to buy a new one? - Planning on purchasing the latest device? Check how much you can get selling your Xbox One or PS4. Is it enough? How much do you still need to add for the upgrade? If it’s worth it, go for it.. If it isn’t hold off.

Things to do before selling a game console

If you decide to sell your gaming device, do take note that you need to do a couple of preparations. It’s crucial that you wipe out any personal data such as your login details, credit card information and personal/gamer information from the device to avoid becoming a victim of identity theft.

Here are some of the most popularly traded devices and how you can reset them:

Xbox 360

  • Press the Guide button.
  • Look for the Settings and choose System Settings. Select Memory or Storage.
  • Highlight your chosen storage device and press the Y button.
  • Lastly, click on the Clear Systems Cache and choose Yes.

PlayStation 3

  • Scroll down and look for the Game tab.
  • Select Game Data Utility.
  • Choose Game Data title that you want to remove.
  • Proceed to press the Triangle button.
  • Don't forget to choose Delete and select Confirm.

PlayStation 4

  • To clear the cache, switch off the console.
  • Do take note that you shouldn't select the Rest Mode.
  • Check the indicator light on the device and wait until the light stops blinking.
  • Unplug the device and wait for 30 to 40 seconds.
  • Plug it back and switch on the device.
  • To delete your game data, go to Settings and select Storage and System Storage
  • Then, choose Saved data and look for the game data you wish to delete.
  • Hit the Options button and choose Delete.

Xbox 1

  • Clear cache by turning off your Xbox One.
  • Remove the power brick from the console.
  • Wait for at least 30 to 40 seconds.
  • Plug the power brick again and turn the device on.
  • To clear a game data, go to the Settings dashboard and select Storage.
  • Then, click on Manage Storage located on the right side of the screen.
  • Choose View contents and highlight the game data title you wish to delete.
  • Press the Menu button on the controller and hit Manage Game.
  • Click on Saved Data and delete.


Now that you’ve prepared your device for selling, let’s look at how you can get the best deals.

How to succeed in selling your gaming console

If you down to sell, you’re not alone - millions of players buy a new device by trading in their old consoles to generate the funds they need. It’s the most practical approach, so cheers on being a conscious consumer.

To get the best price for your gaming console trade-ins, there are a few factors that you must consider.


Factors that affect the price of a console

To check how much you can potentially earn from selling your gaming consoles like Xbox 360 Elite, PlayStation 3 Slim, Nintendo Switch and PlayStation 4, you can check out our console trade-in page. Below are the factors that we use to provide an estimated selling price for our customer’s devices.


You need to ensure that your console’s basic accessories such as controllers, HDMI cables, stylus, and original charger. Our quality control team will check the condition of the cables and provide the price estimate right away.

Console version

Currently, at Trade in for Cash, we only accept consoles in PAL or UK PAL version. We currently do not accept Asian or US version.

Quality of the console

Because we want to sell the best pre-loved items, we are also strict in assessing the condition of the screen and the security stickers. We will also check if there are interference issues or any form of damage to the hard drive. For a complete list of seller’s guideline, please refer to our Terms and Condition page.

Quick wrap up

The demographic of gamers has dramatically changed over the years. What used to be reserved for teenage boys is a booming industry with professionals found on Twitch of every age group, gender and geographical location.

According to Filmora, 35% of gamers are 21 to 35 years old, 28% are 36 - 50. 22% of gamers worldwide are aged 10 to 20 years old with the remaining 15% playing ages 50+. #ageisjustanumber  *TWEET ME*

This just means that there is a huge pool of potential gamers interested in whatever console you have up for grabs. So, if you’re no longer happy with the old features of your current console or if you want to start generating money for an upcoming tech releases, you can always trade in your system.

Want to sell your gaming consoles quickly? The team at Trade For Cash can help you out. Get connected and Trade in your game console today.


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