Buying Bitcoins with Skrill – A Beginner’s Guide
By : Ofir Beigel | last updated : 2/11/22
much like Paypal, Skrill is an e-commerce business that allows you to pay through the web. once known as MoneyBookers, Skrill supplies services for individuals and businesses as one. In this post I ’ ll cover the different options for buying Bitcoin with Skrill .
How to Buy Bitcoin with Skrill Summary
Skrill allows you to buy Bitcoin directly through their web site for investment purposes only ( i.e. you can ’ thyroxine withdraw the coins ). All you need is an e-mail address and a credit wag .
- open a Skrill account
- Add your credit card
- Deposit funds in your local currency
- Go to the “crypto” tab and choose “exchange”
- Complete the exchange process
That ’ s how to buy Bitcoin with Skrill in a nutshell. If you want to get actual entree to your coins, hera are some extra methods :
For a detail reappraisal about Skrill and the different buy options keep on reading, hera ’ s what I ’ ll overlay :
1. Skrill Overview
Skrill allows you to send payments online well between Skrill accounts. It ’ sulfur very like to PayPal, with the exception that it ’ mho much more indulgent with its regulation requirements. In order to obtain a Skrill account all you need is an electronic mail address. You can then fund that account with any of the following options :
- Bank account
- Credit card
- Debit card
- Bitcoin Cash
2. Supported Countries
Skrill supports most countries worldwide aside from the pursuit :
Afghanistan, Angola, Barbados, Benin, Burkina Faso, Cape Verde, Comoros, Crimea, Cuba, Djibouti, Eritrea, Faroe Islands, french Polynesia, Gambia, Greenland, Grenada, Guadeloupe, Guyana, Iran, Iraq, Japan, Kyrgyzstan, Lao People ’ s Democratic Republic, Libya, Macao, Martinique, Namibia, New Caledonia, Niger, North Korea, Palau, Reunion, Samoa, Sudan ( North and South ), Suriname, Syria, Tajikistan, Togo, Turkmenistan
3. Buy Bitcoins directly through Skrill
Skrill allows customers to purchase certain cryptocurrencies directly from their report for investment purposes alone .
This means you can buy coins but you can ’ deoxythymidine monophosphate withdraw them to a crypto wallet. The lone thing you can do is exchange them back to fiat currency and withdraw that to your tease or bank account .
Skrill allows you to invest in the follow cryptocurrencies :
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- EOS (EOS)
- Stellar (XLM)
- Ethereum Classic (ETC)
- 0x (ZRX)
- Tezos ( XTZ )
- Dash ( DASH )
- Kyber Network ( KNC )
This method acting is thoroughly if you ’ re barely looking to speculate on the price since it has relatively low fees. however, if you actually need to use your coins then this won ’ triiodothyronine aid you a lot .
The relative fees for this process are :
Deposit fee ( for decree ) – 0 % – 1 %
Exchange fee ( from decree to crypto ) – 1.5 %
This is assuming you use EUR, if you ’ re using your local currency fees can go up to 5.5 % .
There are no ongoing fees for maintaining your Skrill score a farseeing as you log in at least once every 12 month. For a complete fee schedule read this page.
here ’ s how to buy Bitcoins through Skrill :
- Step 1 – open a Skrill account
- Step 2 – Add your credit card
- Step 3 – Deposit funds in your local currency
- Step 4 – Go to the “crypto” tab and choose “exchange”
- Step 5 – Complete the exchange process
4. Buy Bitcoins with Skrill through BitPanda
BitPanda is an on-line exchange that accepts Skrill as a payment method. BitPanda accepts customers chiefly from Europe. While logged into your account equitable go to “ Buy ” and make certain to choose Skrill as the payment choice .
The only downside is that you can ’ t see how much you ’ ll be paying in fees directly. The fees are already incorporated inside the final total .
normally the tip BitPanda charges for Skrill is about 4 %. This is the lowest agio I was able to find on the market .
5. Buy Bitcoins with Skrill through LocalBitcoins
Localbitcoins is an on-line marketplace for Bitcoins ( kind of like eBay for Bitcoins ). On the site you can find different sellers from around the world that will sell you Bitcoins using assorted requital methods .
In this case you ’ ll be working with individuals, and therefore should be much more careful .
It ’ mho important to find a seller that accepts Skrill and that has a high repute floor in order to make sure you are not being scammed. besides, sellers on LocalBitcoins normally take a truly high premium for payment methods such as skrill. You can read my complete LocalBitcoins review here .
6. Buy Bitcoins with Skrill through Paxful
Paxful is identical alike to LocalBitcoins. The locate is besides an on-line market for buying and selling Bitcoins. On Paxful you ’ ll be working with individuals and not companies ( just like LocalBitcoins ) and it ’ s significant to be selective of who you trust .
You can read my dispatch Paxful review here .
7. Buy Bitcoins with Skrill through SpectroCoin
SpectroCoin is an switch over and wallet provider that allows you to buy certain cryptocurrencies with Skrill including Bitcoin, Dash, Ethereum, XEM, Banker and Tether .
You can fund your score with Skrill, and the fees are around 3.5 % with a soap deposit of 5000 Euros. You can view the complete fee schedule hera .
here ’ s how to buy Bitcoin with Skrill on SpectroCoin
- Sign up to SpectroCoin
- Activate your account via the confirmation email
- Click “deposit” and select EUR, GBP or USD
- Select your country and the amount to deposit
- Login to your Skrill account and click “Pay Now”
- Go to “Exchange”
- Select the “Pay Currency” and input the exchange amount
- Click on “Exchange”
- Review the order and click on “Confirm”
8. Buy Bitcoin with Skrill through Paybis
Paybis is a user-friendly intuitive cryptocurrency exchange allowing users to well buy Bitcoin with Skrill. The UK based switch over aims to take away the complications of buying cryptocurrencies combined with a clear fee social organization and helpful customer digest .
You can use GBP, EUR and USD to purchase Bitcoin using Skrill however you will be charged fees of over 2.95 % for its convenience .
You can read my fully Paybis follow-up here .
9. Frequently Asked Questions
Is Using Skrill Safe?
Unlike PayPal, Skrill does not offer buyer protective covering. Meaning if you get scammed you ’ re basically on your own. Therefore it ’ s significant to pay with Skrill only to trusted exchanges.
If you ’ re looking to use Skrill for purchasing Bitcoins things are relatively simple. Either go directly with Skrill ’ s service if you ’ re barely in it for investment purposes or through Bitpanda if you actually need access to your coins .
Seems like Skrill are very serious about getting into cryptocurrency and we might be seeing them expanding their services to other countries and allowing users to actually access their coins in the near future .
Have you had any experience with purchasing Bitcoin or any other cryptocurrency through Skrill ? If sol, let me know in the comment section below .