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Steam Trading is a feature that was introduced on August 9, 2011 as an open beta. Steam Users that opted into the Steam Trade Beta were also given the ability to "Tag" people on their Friends List and organize them into Common Groups.[1] The beta updates were added to the public Steam client on September 6, 2011. With Steam Trading, players are able to trade their in-game items for other in-game items and/or gift copies of Steam games. Trade requests can be sent through Steam chat windows or via the Steam Friends List window.
Trading in-game opens up a Steam Trade window in the overlay, which can be toggled to return to the game and vice versa. After a trade is complete, any items a player receives are posted to the server's messages if they are in a server.
Free-to-play players can not trade TF2 items with a few exceptions, such as tools like the Name Tag and the Description Tag, any items traded to them by premium users, and promos such as the Frying Pan and Ellis' Cap.
An option to filter trade requests is in the game's Advanced Options menu. This option can be set to Anyone, Friends Only, Friends and In-Game Players and No-one.