Is StockX legit? Or is it a scam?
I’m going to uncover the truth about StockX.
I’ll tell you exactly what you need to know before you start buying/selling with them.
I can’t tell you how many times I’ve been burned on eBay. I’m tired of it!
So, that’s why I started looking for other solutions…
I also wrote an in-depth StockX Review article which explains exactly hoe to use the site.
What is StockX?
First, let me explain explain a bit about StockX.
They are coined “The Stock Market of Things”.
There, you can buy and sell deadstock Adidas Yeezy, NMD or Retro Jordans, Supreme Streetwear, luxury handbags, etc.
Sounds legit right?
Let’s dive deeper.
The Importance of trust
Of course, the stock market is built on trust.
If investors didn’t trust that they could…
- access accurate information, or
- make authentic trades
…they wouldn’t be able to make informed decisions with confidence.
That means, people wouldn’t be investing in the stock market.
Without trust in the financial markets…
…there would be no financial markets.
But how is trust earned? Trust is earned (or lost) through individual’s experiences.
It is also earned over time through repeated interactions.
If companies only issued accurate information part of the time – would you ever invest in them?
Probably not. Why?
Because you couldn’t figure out whether that information is good or bad.
But how do you know if you can trust a company?
In the world of criminals and scams, it seems like someone is always out to get you.
So, how can new companies prove themselves?
That isn’t my problem…
…but it is my problem to determine which companies are legit and which are not.
That’s why today I’m examining StockX, a company whose entire business relies on trust.
Just like the stock market.
The StockX Brand
Trust is what the StockX brand has been built on.
There is significant money to be made in reselling sneakers…
…this includes counterfeit and pirated goods.
And the rise of e-commerce has given thieves easy access to sell reproductions of rare sneakers and streetwear.
In fact, the overwhelming number of fake sneakers flooding the market are what keep StockX in business.
But not because they’re the ones selling the fakes…
…instead, the company seeks to be a safe haven for sneakerheads around the globe.
These are the good guys, if you will, of the sneaker resale industry.
Because it’s impossible to tell if what you’re buying online is legit.
StockX has distinguished itself from other resellers through its dedication to buyers and sellers.
What’s the benefit?
Payment is only released when the goods are verified to be authentic.
The service strives to be reliable, authentic, and transparent.
- Reliable – great service, every time.
- Authentic – every item on the StockX exchange is verified.
- Transparent – the power to buy and sell smarter than ever.
“StockX has removed the RISK from buying and selling.”
If the process is anything but reliable, authentic, and transparent…
…the company will work with you to make it right!
But how can we be so sure that these claims are legit?
Don’t worry – we have got you covered!
Use your best judgement
How can you trust a company before you have tried them?
That is a difficult question to answer.
It’s a real catch-22.
You need to start the relationship to start building trust…
…but you don’t want to get scammed in the process.
So, how do you build trust without getting ripped off?
It’s actually not very difficult…
…just use your common sense!
Look for “proof sources” to gain trust early on.
These sources include:
- Credentials – how are they credible?
- Past performance – what have they done?
- Referrals – who supports them?
To have proof sources there must be enough information available to make a decision with confidence.
So, we have done the research for you…
…and dug up the credentials of company ownership, historical performance, and referrals from partners and customers alike.
And our findings may just shock you!
StockX was founded in February 2016 by Josh Luber and Dan Gilbert.
Dan Gilbert is the billionaire behind…
…Quicken Loans and the Cleveland Cavaliers! Nice!
Josh Luber is a former IBM consultant…
…not as cool, but not sketchy, either.
The founders seem to check out – but who is funding these guys?
Investors in the company include:
- Mark Wahlberg
- Joe Haden
- Tim Armstrong
Sure, celebrities are known to blow money…
…but would they be investing in a knock-off sneaker resale company? Doubtful.
And, what about media coverage?
The company has been featured in:
Would these sources be backing a fraudulent company? Probably not.
The company also partnered with Nike to become the exclusive seller of a retro LeBron James shoe – of which there were only 46 pairs made.
The company dubbed the release the “LeBron IPO.”
Those investors, press coverage, and partners help demonstrate the legitimacy of this brand.
Is this enough to determine that a company is legit?
Good enough for me…
…but maybe you have higher standards.
So, let’s continue on…
Is StockX Legit – Video review
Past performance is a very telling indicator when deciding if a company is legit.
This metric can include:
- Sales – do they have customers?
- Reviews – what do customers think?
- Growth – are they getting more customers?
- And more…
So, what has the company done in its past performance?
In less than 3 years of business, StockX has:
- Over $2 million in daily sales (over $700 million yearly)
- Sales in over 140 countries
- Beat eBay as the #1 sneaker reseller
- Tripled its workforce
- Over 350 employees in Detroit and Tempe, AZ
And they aren’t done yet because StockX has over 100 jobs posted online and is seeking to expand.
Either these guys are a very elaborate scam…
…or they are doing something seriously right.
Because what causes sales to grow?
These people come back, refer friends, and keep business booming.
This typically occurs when a company is providing true value to its customers.
If StockX made a living ripping people off…
…they wouldn’t be in business for long (let alone expanding!).
Do they offer coupon codes?
They do sometimes offer up coupons. So stay tuned.
Right now, they have a $100 off any watch.
Click this link and follow the instructions on their site to take advantage.
The company has been put through the gauntlet…
…from YouTubers, to Redditors, to online reviews in general.
See what everyone else is saying with a quick Google search – it’s pretty good!
Okay – these guys look to be legit.
But just to be sure…
…let’s take a look at who is willing to put their reputation on the line for StockX…
It’s important to hear things from the people you trust.
I would implore you to check with friends, family, and acquaintances to see what their experience with StockX was like.
What if no one has tested them out?
The next best thing comes from celebrity testimonial.
You can decide who to trust – but, overall, celebrity testimonial should lend some credibility to any company.
After all – these people typically aren’t in the business of making a quick buck – and certainly aren’t trying to associate with fraudulent companies.
Here are some of StockX’s most impressive testimonials:
Complex was quoted saying “StockX is changing the sneaker resell market and Detroit.”
Sole Collector called them “The future of sneaker reselling…”
Other testimonials have come from:
- Paul Rosenberg
These are big names that are providing the company with some serious credibility.
And if this isn’t enough to change your mind…
…I don’t know what is.
They’re legit, not perfect
We don’t necessarily believe that every transaction will go off without a hitch.
Every company makes mistakes.
It’s the nature of the resale market.
But hey, nobody is perfect – not even you.
Have customers received fake shoes or defective items, on occasion?
But, rightfully so, StockX strives to give every customer a great experience…
…this includes correcting any errors on the company’s part.
You may come across negative reviews from unhappy customers – but that is part of doing business.
You can’t please everyone, but it’s important to differentiate a mistake from a scam.
Even Amazon screws up from time-to-time…
…but the most successful companies are known for taking care of their customers while improving over time.
This is something that StockX has done exceedingly well over the company’s short tenure.
So, without further ado, we conclude…
…StockX is a 100% legitimate company.
If you love shoes – it is time to GO HAM.
The company has been building its brand on trust…
…because that’s the only way they will succeed.
Without trust, there would be no StockX.
StockX has the credentials, performance, and testimonials that point toward a growing company.
By giving customers a great experience – over numerous transactions – the company has built a solid foundation for trust.
And they aren’t selling anything that is difficult to understand…
…they have simply removed the risk from buying and selling on the secondary market.
If you still aren’t buying it – I can’t help you.
The only thing left to do is…
Give these guys a shot and I have a feeling you will not be disappointed.
Have you experienced StockX?
Let me know your experience with the company.
P.s. If you use this link you’ll get additional discounts