BLOG

The Gamer’s Guide to Trading In Your PS5, Xbox, or Nintendo Switch

Ready to sell your gaming console? Our guide covers how to get the best PS5 trade-in value, prepare your Xbox for sale, and sell your Nintendo Switch for instant cash.

Whether you’re eyeing the next-gen console, funding a new gaming PC, or simply turning your unused tech into cash or store credit, your old gaming console is a valuable asset. But navigating the world of trade-ins can be confusing. From lowball offers on marketplaces to the hassle of shipping and the risk of scams, selling your tech can feel like a final boss battle you’re not prepared for.

That is where this guide comes in. We’ll walk you through everything you need to know to sell your gaming console safely and for the highest possible price. We’ll cover how to determine your console's value, where to sell it, and the crucial steps to prepare your console for trade-in, ensuring your personal data is secure. With the right strategy, you can unlock the cash in your PS5, Xbox, or Nintendo Switch, fast, securely, and without the frustration.

How Much Can You Get? Understanding Your Console's Trade-In Value

The trade-in value for a PS5, Xbox, or Nintendo Switch depends directly on its specific model, physical and functional condition, storage capacity, and whether you have the original accessories. Limited edition models in excellent condition with all their gear will always command the highest price.

To find out exactly what your console is worth, the easiest method is to get a fixed-price quote from a trusted trade-in platform. At SELLIT9, we give you an instant, guaranteed offer in minutes, so you know the exact payout you’ll receive.

Key factors that determine your payout

Your console's final offer is based on a clear and transparent assessment. Here are the four main factors we, and any other buyer, will look at:

  • Model and Edition: The specific version of your console is the biggest value driver. A PS5 trade-in value for the standard Disc Edition will be higher than the Digital Edition. Similarly, an Xbox Series X is worth more than a Series S, and a Nintendo Switch OLED model will fetch a better price than the original launch version. Special or limited-edition consoles can also carry a premium.
  • Condition: Honesty is the best policy here, as every device is professionally assessed. A "Flawless" console looks and works like new, with no scratches or signs of wear. A "Good" console may have minor cosmetic blemishes but is fully functional. "Fair" condition implies more significant wear and tear, like deep scratches or dents, but the console still works perfectly. Any functional damage, like a broken disc drive or faulty ports, will lower the value.
  • Storage Capacity: Just like with phones and laptops, more storage means more money. A PS5 or Xbox Series X with a 1TB internal drive will be valued higher than a model with smaller storage. Make sure you know your console’s specifications when getting a quote.
  • Included Accessories: To get the best possible offer, you should include all the original accessories that came in the box. This includes at least one official controller, the power cable, and the HDMI cable. If you still have the original packaging and manuals, including them can also add value and shows the item was well-maintained.

Getting an instant quote with SELLIT9

Tired of the guesswork and haggling that comes with peer-to-peer marketplaces? SELLIT9 was built to eliminate that frustration. Our online quote tool is simple, fast, and transparent.

Just select your console model, answer a few straightforward questions about its condition and included accessories, and you’ll receive an instant, fixed-price offer. The price you see is the price you get. No last-minute negotiations or lowball offers. It’s the easiest way to see what your old gaming gear is worth right now.

Where to Sell Your Gaming Console for the Most Cash

Specialized online trade-in platforms like SELLIT9 typically offer the best combination of high cash payouts, speed, and security. While marketplaces might promise slightly higher prices, they come with significant risks and hassles that make dedicated services a smarter choice for most sellers.

Online trade-in platforms (like SELLIT9)

These services are built to make selling electronics as simple and safe as possible. They are the modern solution for anyone who values their time and security.

Pros: You get a competitive, guaranteed cash offer without any haggling. The process is incredibly convenient, with options like free same-day pickup, local drop-off, or a free prepaid shipping label. Payment is fast and secure, and every device undergoes a professional data wipe for your peace of mind.

Cons: The payout is slightly less than the absolute highest price you might get from a private buyer, but you avoid all the risks and headaches.

Peer-to-peer marketplaces (Facebook Marketplace, Kijiji)

Selling directly to another person can seem appealing, but it’s often a frustrating and time-consuming experience that puts the seller at a disadvantage.

Pros: You set the price, and if you’re patient and a skilled negotiator, you might achieve a slightly higher sale price.

Cons: Get ready for a flood of lowball offers and hagglers. There's a high risk of scams, payment fraud, and "no-shows." Arranging in-person meetups can also be a significant safety concern. You’re also responsible for securely wiping your own data, which can be daunting for some.

Big-box retailers (GameStop, Best Buy)

Trading in your console at a major retailer is a familiar option, but it’s rarely the most profitable one, especially if you want cash.

Pros: The process is straightforward, and you can complete the trade-in at a physical store location.

Cons: These retailers almost always pay in store credit, not cash. Their offers are often significantly lower than what you’d get from a specialized service, forcing you to spend your money with them at a poor exchange rate.

Manufacturer trade-in programs

Sony, Microsoft, and Nintendo may offer their own trade-in programs, but they are designed to lock you into their ecosystem.

Pros: The process is usually well-integrated when you’re purchasing a new console directly from the manufacturer.

Cons: Payouts are exclusively in store credit or a discount on a new purchase. The trade-in values are typically the lowest among all options, making this a poor choice for maximizing your return.

The Ultimate Pre-Sale Checklist: How to Prepare Your Console for Trade-In

Before you sell your gaming console, it’s absolutely essential that you back up your save files, sign out of your accounts, and perform a full factory reset. This protects your personal and financial information and ensures the next owner gets a clean, ready-to-use device.

Follow these steps for a secure and complete data wipe.

Step 1: Back up your saved data

Your game saves represent hundreds, if not thousands, of hours of progress. Don't lose them! Back them up before you do anything else.

  • PlayStation 5/4: If you have a PlayStation Plus subscription, your saves should automatically sync to the cloud. You can double-check by going to Settings > Saved Data and Game/App Settings > Saved Data.
    Alternatively, you can plug in a USB flash drive and go to
    Console Storage > Copy to USB Drive to back them up manually.
  • Xbox Series X|S / Xbox One: Microsoft’s ecosystem is heavily cloud-based. As long as your console is connected to the internet, all your game saves are automatically backed up to the cloud and tied to your Xbox profile. You can also format an external USB drive to transfer full games over if needed.
  • Nintendo Switch: To back up most game saves, you’ll need a Nintendo Switch Online membership for cloud storage. You can manage this in System Settings > Data Management > Save Data Cloud.
    Note that a few games, like Pokémon titles, do not support cloud saves. You can also perform a local user transfer to another Switch console.

Step 2: Deactivate your primary console status

This step is crucial for managing your digital game library. Deactivating your old console allows you to make your new console the "primary" device, ensuring you can access your purchased games without any issues.

  • PS5: Go to Settings > Users and Accounts > Other > Console Sharing and Offline Play and select Disable.
  • Xbox: Go to Settings > General > Personalization > My home Xbox and uncheck the box for Make this my home Xbox.
  • Nintendo Switch: Open the eShop and navigate to your user profile icon in the top-right corner. Scroll down on the right side and select Deregister under the "Primary Console" status.

Step 3: Securely wipe your data with a factory reset

This is the most important step for protecting your privacy. A factory reset will erase all user accounts, saved data, games, and personal information from the console's hard drive, returning it to its original out-of-the-box state.

  • PS5: Navigate to Settings > System > System Software > Reset Options > Reset Your Console. Choose the full reset option.
  • Xbox: Go to Settings > System > Console info > Reset console and select the Reset and remove everything option. This will completely wipe the console.
  • Nintendo Switch: Go to System Settings > System > Formatting Options > Initialize Console. This will remove all data and accounts.

Step 4: Clean and gather your gear

A clean, complete package gets the best price. Take a few minutes to wipe down the console, controllers, and cables with a soft, dry microfiber cloth to remove any dust or fingerprints. Gather all the essential accessories: the power cord, HDMI cable, and at least one official controller with its charging cable. If you have the original box, pack everything neatly inside.

How to Maximize Your Payout: Pro Tips for Gamers

To get the absolute most money for your old console, you need to think like a pro. Sell your console before a new model is announced, keep it in pristine condition from day one, and present it with all its original accessories and packaging.

Timing is everything

The value of electronics depreciates over time, and console values drop sharply right after a new model is announced or released. To maximize your PS5 trade-in value, for example, the best time to sell is before Sony announces a "PS5 Pro" or "PS6." Selling a few weeks before major holidays like Christmas can also be strategic, as demand for used consoles rises.

Condition, condition, condition

The better your console looks, the more it’s worth. From the day you buy it, treat it with care. Keep it in a well-ventilated space to prevent dust buildup and overheating, which can damage internal components. Avoid placing objects on it that could cause scratches. A console that looks brand new will always earn a top-tier offer. If you're looking to sell your PlayStation, its condition will be the first thing a buyer assesses.

The full package sells best

A complete-in-box item is always more desirable. Buyers, including trade-in services, appreciate receiving a console with its original packaging, manuals, and all the cables it came with. It signals that the device was well looked after. Even if you don't have the box, be sure to find the official power cable, HDMI cord, and controller. When you go to sell your Nintendo Switch, including the dock and Joy-Con grip is essential for a top offer.

Selling Your Console with SELLIT9: Fast, Simple, and Secure

SELLIT9 was designed to eliminate the hassles and risks of selling used electronics. Our entire process is built on three core values: speed, transparency, and convenience. We simplify selling into three easy steps: get an instant online quote, choose a free collection method that works for you, and get paid fast.

Get your instant quote

Visit our website and select the gaming console you want to sell. Answer a few simple questions about its model and condition, and you’ll receive an immediate, guaranteed offer. There’s no waiting, no haggling, and no surprises. The price we quote is the price we pay.

Choose how we collect it

We offer three convenient, completely free ways to get your console to us, available anywhere in Canada.

  1. Free Same-Day Pickup: In major cities like Toronto and Montreal, you can schedule a courier to pick up the console from your home, often on the very same day.
  2. Local Drop-Off: Visit one of our convenient partner store locations to drop off your console. An expert will assess it on the spot.
  3. Free Prepaid Shipping: If you're outside our pickup zones, we'll email you a prepaid shipping label. Just box up your console and drop it off at the designated courier.

Ready to upgrade your gaming setup? Your old console is your ticket. Sell your Xbox or other gaming tech the smart way.

Trade your items today with SELLIT9 and turn your gaming gear into cash.