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If you’re new to the world of buying cryptocurrency, it’s likely that you’re still figuring out payment methods. Most people in the crypto world prefer digital wallets like Skrill that are highly secure and offer a wide range of fast payment options. But there’s a learning curve to getting going with Skrill when buying and trading crypto, and there are a few important caveats to keep in mind while doing so.
That’s why we brought together the most commonly-asked questions we get on Volume Kings to ensure the process is as smooth and simple as possible for you.
Today’s Topics Include:
That was a mouthful! Let’s break it down a bit, shall we?
Buying crypto can be complicated - luckily for you, it’s never been easier than with Skrill.
Yes, you can buy Bitcoin with Skrill. In fact, cryptocurrency trading is one of Skrill’s most popular features! You’re able to purchase Bitcoin directly through Skrill’s website for investment purposes.
All that’s needed is an email address and payment option - generally a credit/debit card, bank transfer, or your pre-existing Skrill balance. From there, you can easily and effortlessly buy, trade, and sell cryptocurrency through Skrill, transfer your well-deserved earnings to a bank account, and head off into the sunset!
It is worth noting that (depending on where you live), you may or may not be able to send Bitcoin or other cryptocurrencies to a separate crypto address. You can find more information under the "Non-Serviced Countries" and "Skrill Cryptocurrency Terms of Use" sections of Skrill's Terms and Conditions.
Note that it will automatically redirect you to the U.K. T&C, so select your country and language in the top righthand corner.
You can buy Bitcoin (and a number of other forms of cryptocurrency) directly through Skrill’s website. Simply click the “Crypto” tab on the leftmost sidebar, select your desired cryptocurrency, enter your desired amount, and confirm the transaction - simple as that!
As discussed above (twice) yes - you can purchase (some) highly popular cryptocurrencies directly through Skrill’s “Crypto” tab in a matter of seconds. Skrill allows you to invest in each of the following forms of cryptocurrency:
In order to buy Ripple with Skrill, you can either purchase it directly through Skrill’s crypto marketplace or connect your Skrill wallet to a cryptocurrency exchange, such as eToro or Paybis. If you were to attach your Skrill wallet to an approved crypto exchange, the process of transferring funds to or from crypto will be both seamless and incredibly simple.
Just as with Bitcoin, Bitcoin Cash, and Ethereum (among others), you can purchase Litecoin directly through Skrill’s “Crypto” tab. As mentioned above in the Bitcoin section, Litecoin can be purchased, traded, and cashed out through Skrill.
As mentioned previously, you can purchase crypto on Skrill for investment purposes. However, if you want to buy a form of crypto not offered on Skrill or you’d like to cash out your cryptocurrency upon obtaining it, you’ll need to use another cryptocurrency exchange.
Luckily, most crypto exchanges take Skrill as a form of verified payments, alongside the usual Visa, Mastercard, and bank transfer. Among the most popular exchanges that accept Skrill are:
There are more, though, and Skrill is constantly adding new groups to the over 100 entities that accept Skrill as a form of a verified payment. So if you don’t see your favourite exchange on this list, be patient - it’s likely they’ll be added soon.
No, Coinbase does not accept Skrill.
All in all, buying and selling cryptocurrency can and should be easy, and Skrill is great at streamlining the process.
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