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How to buy Bitcoin with Skrill
This informative guide will take you through the pros and cons of using Skrill as a payment method for Bitcoin, and shows you the best brokers that accept it.
Where can you buy Bitcoin with Skrill?
We’ve put together a list of top-rated brokers that offer Bitcoin and also accept Skrill. If you want to dive straight in, just head to one of them from the links below. Otherwise, keep reading to learn more about how to choose one.
What is a Skrill Bitcoin broker?
A broker is a service that executes Bitcoin trades for you. It offers a fixed price and takes the other side of the trade, so you can always know the exact cost of your Bitcoin and get it instantly. In this guide we are exclusively talking about those platforms that accept Skrill as a payment method.
If you’re not already familiar with the service, Skrill is an e-wallet platform that enables its users to make payments and money transfers online.
How to deposit and withdraw via Skrill
Here are some basic guidelines on how to deposit money using Skrill:
- Open an account with a broker that accepts Skrill as a form of payment, then verify it with a form of ID.
- Go to your broker’s website, and select the Skrill option on the “Add money” screen.
- Pick your preferred currency (GBP, EUR, or USD).
- You’ll be prompted to link your Skrill account to your brokerage account.
- Add money to your Bitcoin wallet by entering an amount and selecting Skrill as the payment method.
You can simply perform the deposit process in reverse by clicking “Withdraw” instead and following the steps above. If you’ve already linked your Skrill wallet to the broker, then you’ll be able to withdraw with one click.
What should I look for in a Skrill Bitcoin broker?
You want to make sure you only pick a trading platform that offers great service and don’t just settle for anything that accepts Skrill. There are lots of factors to consider and here are some of the key traits to look for:
- Low transaction fees. The fees you’ll have to pay vary depending on the service you use to make trades. Our guides will help you find the most reasonable transaction fees possible.
- Speed. Your broker should enable you to make purchases within minutes. The fastest can even be made instantly.
- Ease of use. The best platforms make it easy to make trades through a simple, clean interface. They also offer high quality apps so that you can get that great service on the go as well.
- A strong reputation. Look for one with strong user reviews as it can be a good guide to whether the platform’s customer service as advertised. The guides we offer on this website can help you find the right broker.
- A verifiable track record. Find a platform with a track record of executing trades reliably for a number of years.
Should I buy BTC using Skrill?
- Fast. Skrill transactions often happen within a matter of minutes, and in some cases they can even happen instantly.
- Easy to use. Once you’ve linked your Skrill account to your Bitcoin wallet, it becomes very simple to use.
Yes. Although beware that for this you’ll generally have to use a peer-to-peer crypto exchange platform, as brokers usually require some kind of ID to use.
Not always. Most online brokers and exchanges will let you store your coins in your account without you having to transfer them to a personal wallet. However, some services will require you to enter an existing wallet address where the coins will be sent.
For a higher level of security, consider moving any coins you’re not planning on selling or trading in the near future to an external wallet – ideally a hardware wallet.
Typically they don’t take more than a few minutes, and it can be even faster with some services. You shouldn’t have to wait long for your transaction to go through.
In certain cases, yes. If speed is a high priority for you, take the time to research the different Bitcoin services that accept Skrill to see how quick their transaction times are.
Unfortunately the fees can be quite high – even as high as 5%. Our handy guides will show you the Bitcoin brokers that offer lower fees for using Skrill as a payment method to help you find ways of lowering these fees.
No, you cannot hold cryptocurrency in your Skrill account.
No, Coinbase does not accept Skrill.
Yes you can get other cryptos using Skrill. Some of the other cryptocurrencies include Ethereum, Bitcoin Cash, and Litecoin.
If you’re already a habitual Skrill user, you will find Skrill to be a relatively easy way to get Bitcoin. However, the fact that few platforms that accept Skrill and the high fees associated with this payment method mean there are easier methods around, such as using a debit card.
Biggest pro: There’s no ID required to set up your Bitcoin trading account on a peer-to-peer exchange.
Biggest con: Certain peer-to-peer crypto exchanges are highly vulnerable to scams.
It’s relatively easy, but it’ll take a bit of searching. Skrill is accepted at numerous peer-to-peer exchanges around the world, especially in major financial hubs.
It can be, yes. Skrill is an increasingly popular payment method, and if you’re already a user, then simply linking your Skrill wallet to a broker could be a great option for you. That said, beginners should consider wading in slowly.
In general, yes. This is because of the relatively high fees charged for using Skrill. Fees of up to 5% can make it hard to profit from smaller short-term movements in the price of Bitcoin, and instead mean it makes more sense to hold longer term and profit from accumulated price increases over time.
Fact-checking & references
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