Coinlib.io
Learn to trade for free
Register Sign in
  • Coins
    Bitcoin BTC Ethereum ETH Factom FCT Tether USDT Binance Coin BNB Luna LUNA XRP XRP USCoin USDC Cardano ADA Dogecoin DOGE
    All fiat currencies
    All crypto coins
  • Exchanges
    Thore-Exchange Sponsored
    Binance Currency.com Cryptocom Sigenpro Bittrex HitBTC YoBit Kraken Bitstamp Ripple Gateway Bibox
    All exchanges
  • News
  • Compare
  • Portfolio
  • Tools
    Price alerts Best price explorer Liquidity breakdown Cryptocurrency converter Historical snapshot Bitcoin Website widgets
  • Newsroom
    What's Hot

    Crypto in iGaming: Trend Overview

    December 6, 2023

    Trading Essentials in the World of Commodities with 365Investings

    December 5, 2023

    Understanding Bitcoin and Online Casinos

    November 27, 2023
    Facebook Twitter Instagram
    Coinlib Newsroom
    • Articles
    • Guides
      • Buy Crypto
      • Exchanges
      • Broker Reviews
      • price prediction
      • Investing
      • Loans
      • Investments
    • Crypto Trading Bots
      • Bitcoin Robots
        • Bit Ai App 360
        • BitAlpha
        • bitboost
        • Bitcoin AI
        • Bitcoin Bank
        • Bitcoin Banker
        • Bitcoin Bank Breaker
        • Bitcoin Benefit
        • Bitcoin Billionaire
        • Bitcoin Bonanza
        • Bitcoin Boom
        • Bitcoin Bot
        • Bitcoin Brain
        • Bitcoin Buyer
        • Bitcoin Capital
        • Bitcoin Cash Grab
        • Bitcoin Champion
        • Bitcoin Circuit
        • Bitcoin Code
        • Bitcoin Compass
        • Bitcoin Cycle
        • Bitcoin Decoder
        • Bitcoin Digital
        • Bitcoin Edge
        • Bitcoin Empire
        • Bitcoin Equaliser
        • Bitcoin Era
        • Bitcoin Evolution
        • Bitcoin Fast Profit
        • Bitcoin Formula
        • Bitcoin Fortress
        • Bitcoin Freedom
        • Bitcoin Future
        • Bitcoin Future Mastered
        • Bitcoin Gemini
        • Bitcoin Hack
        • Bitcoin Hero
        • Bitcoin iFex 360 Ai
        • Bitcoin Inspire
        • Bitcoin Key
        • Bitcoin Generator
        • Bitcoin Global System
        • Bitcoin Lifestyle
        • Bitcoin Loophole
        • Bitcoin Lucro
        • Bitcoin Miner
        • Bitcoin Motion
        • Bitcoin News
        • Bitcoin Machine
        • Bitcoin Mastery
        • Bitcoin Method
        • Bitcoin Millionaire
        • Bitcoin Motion
        • Bitcoin Optimizer
        • Bitcoin Power
        • Bitcoin Prestige
        • Bitcoin Prime
        • Bitcoin Pro
        • Bitcoin Profit
        • Bitcoin Profits Way
        • Bitcoin Rejoin
        • Bitcoin Revival
        • Bitcoin Revolution
        • Bitcoin Rush
        • Bitcoin Secret
        • Bitcoin Smarter
        • Bitcoin Society
        • Bitcoin South African System
        • Bitcoin Spire
        • Bitcoin Storm
        • Bitcoin Sucker
        • Bitcoin Sunrise
        • Bitcoin Superstar
        • Bitcoin Supersplit
        • Bitcoin System
        • Bitcoin Trader
        • Bitcoin Treasure
        • Bitcoin Trend
        • Bitcoin Union
        • Bitcoin Up
        • Bitcoin Victory
        • Bitcoin Wealth
        • BitcoinX
        • Bitcoin 360 AI
        • Bitcode Ai
        • Bitcode AI Prime
        • Biticodes
        • BitiCodes iPlex
        • Bit Index AI
        • Bitindex Prime
        • Bit iPlex Codes
        • Bitbolt
        • BitFit
        • Bit Gpt
        • Bitlq
        • BitAi Method
        • Bit Premium
        • Bit Profit
        • Bitsoft360
        • BitQH
        • BITQQQ
        • BitQS
        • BitQT
        • Bitsgap
        • Bitvestment
        • British Bitcoin Profit
        • BTC Iplex
        • BTC Prove
        • Profit Bitcoin
        • One Bitcoin A Day
        • xBitcoin AI
      • Crypto Robots
        • Algo Signal
        • Anon System
        • Aurora Trader
        • Aussie Formula
        • Big Money Rush
        • Brexit Millionaire
        • Chain Reaction
        • Click Money System
        • Coin App 360 Ai
        • Coin GPT
        • Coin Kong Trader
        • Crypt Ex
        • Cryptex Secure
        • Crypto Bank
        • Crypto Boom
        • Cryptobull App
        • Crypto Capital
        • Crypto Cash
        • Crypto Code
        • Crypto Comeback
        • Crypto Connect
        • Crypto Contracts
        • Crypto Engine
        • Crypto Genius
        • Crypto Gewinn
        • Crypto Grind
        • Crypto Group
        • Crypto hopper
        • Crypto MasterBot 2.0
        • Crypto Method
        • Crypto Nation Pro
        • Crypto Profit
        • Cryptorobo
        • Crypto Signal Alert
        • CryptoSoft
        • Crypto Success
        • Crypto Superstar
        • Crypto Trader
        • crypto vip club
        • Crypto Robot 365
        • Crypto Unlocked
        • Crypto Wealth
        • Crypto XChange
        • Date Millionaire
        • Digital Spearhead
        • Drexel Code
        • Empire Xcoin
        • EKrona
        • Ethereum Code
        • Ethereum Profit
        • Golden Profit
        • Green Coin
        • Green Gold
        • Elite Trading Club
        • Friedrich Bitcoin V
        • Frontier AI
        • FXMasterBot
        • Gas Ertrag
        • Gas Profit App
        • Gemini Trust
        • Green Machine
        • GTP Collector
        • GPTConnect
        • GPT Definity AI
        • GPT Trade
        • GPT Trading Bot
        • Immediate Bitcoin
        • Immediate Connect
        • Immediate Edge
        • Immediate GP
        • Immediate Granimator
        • immediate iplex
        • Indicator Pro
        • Infinity App
        • Kryptonex Research Group
        • La Formule Francaise
        • Libra Coin
        • Libra Maximizer
        • Libra Profit
        • LimmerCoin
        • Meta Profit
        • Matrix Ai
        • News Spy
        • Oil Profit
        • Pattern Trader
        • Premium FX Signals
        • Prestige Life Club
        • Primebit Profit
        • PrimeTimeAdvance
        • Profit Builder
        • Profit Formula
        • Profit Maximiser
        • Profit Revolution
        • Q profit
        • Quant Code
        • QuantumAI
        • Quantum Flash
        • Quantum Pro 360
        • Qumas AI
        • Q8 Trade
        • Secret Crisis Blueprint
        • Stellar Profit
        • SwingTradeBot
        • Tata Crypto
        • Tesla Coin Trader
        • Tesler GPT
        • Tesler Quiz
        • Trader Ai
        • TradeMate
        • Trustable Crypto
        • Tesler App
        • TurboXBT
        • Wealth Matrix
        • Xbitcoin Club
        • Xbt360AI
        • Yuan pay group
      • Best Crypto Trading Bots
    • Ecom Review
    Coinlib Newsroom
    Home > Articles > How to Buy Bitcoin with Skrill
    Articles

    How to Buy Bitcoin with Skrill

    coinlib By coinlibJanuary 26, 2023No Comments9 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Skrill is an online payments service that allows individuals and businesses to send and receive money safely and conveniently. Formerly known as Moneybookers, Skrill is a top player in the industry and has supported simple, safe, and secure digital payments since 2001. The payment method has practical features that have seen it emerge as one of the most convenient for Bitcoin buyers all around the world. These features include multiple supported countries, instant payments, reduced fees, quick payouts, high security, and little or no restrictions in the supported countries.

     

    Table of Contents

    • Table of Content
    • Pros and Cons of Buying Bitcoin with Skrill
    • Pros
    • Simple and Straightforward
    • Multiple Supported Countries And Currencies
    • High Security
    • Coinbase
    • CEX.IO
    • Binance
      • Etoro
    • Flexibility and Convenience
    • Multiple Payment Methods
    • Bonuses and Promotions
    • Cons
      • Verification
    • Fees
    • Where to Use Skrill to Buy Bitcoin
    • Skrill Wallet
    • Cryptocurrency Exchanges
    • Cryptocurrency Brokers
    • Peer-to-Peer Crypto Trading Sites
    • Conclusion
    • Skrill FAQs
    • How fast is it to buy Bitcoin with Skrill?
    • Do I need a Skrill Bitcoin wallet?
    • How soon will my Bitcoin balance update?
    • Is Skrill the best way to buy Bitcoin?

    Table of Content

    1. Pros and Cons of Buying Bitcoin with Skrill
    2. Pros
    3. Cons
    4. Where to Use Skrill to Buy Bitcoin
    5. Conclusion
    6. FAQ

    Pros and Cons of Buying Bitcoin with Skrill

    Pros

    Simple and Straightforward

    It is quick and easy to set up an account and start using Skrill. The sign-up process only requires your name, email, and address. You can start sending and receiving payments even without completing verifications. However, you may need to complete the verification process if you exceed certain set limits.

    Multiple Supported Countries And Currencies

    Skrill is available in over 200 countries and territories around the world. Additionally, Skrill customers can hold their balances in over 40 supported currencies. This is very convenient for many Bitcoin buyers around the world.

    High Security

    Skrill is one of the most secured online payment services in the world. Buying Bitcoin can be a highly risky endeavor and expose you to cyber-attacks. However, Skrill applies the latest and most advanced security protocols that protect your balances at all times.

    Coinbase

    e37b5c1527d3f90d

    Type: Trading Platform

    Rating
             
      Read Review
      Visit Exchange

    CEX.IO

    853f41f3201502e7

    Type: Trading Platform

    Rating
             
      Read Review
      Visit Exchange

    Binance

    96bf5ad65a3f2be9

    Type: Trading Platform

    Rating
             
      Read Review
      Visit Exchange

    Etoro

    28ea7925a41af3b5

    Type: Trading Platform

    Rating
             
      Read Review
      Visit Exchange

    Flexibility and Convenience

    Skrill offers Bitcoin buyers immense flexibility and convenience to send and receive payments as they wish. In addition to its website, there is a mobile application that is compatible with both Android and iOS, as well as a Skrill card that you can use to withdraw fiat on bank ATMs across the world.

    Multiple Payment Methods

    Skrill allows its customers to load their accounts with over 100 local payment options. These payment methods include other eWallet types, bank wire, and debit/credit cards. This is very convenient for many Bitcoin buyers around the world.

     

    Bonuses and Promotions

    Skrill routinely runs generous promotions and bonus offers to its clients. These offers include zero transaction fees, cash giveaways, holiday promotions, and welcome bonuses. Skrill also rewards loyalty with perks such as lower charges, multi-currency accounts, higher limits, and even personal financial advisors.

    Cons

    Verification

    You can use Skrill without verification, but there will be deposit and withdrawal limits. However, in some countries, the process of verification can be very daunting due to the unavailability of relevant supporting documents.

     

    Fees

    Skrill has low fees on most payment methods. However, fees charged by certain payment methods, such as local bank wire, may be high and eat up into any potential gains that Bitcoin buyers may be hoping for.

    Where to Use Skrill to Buy Bitcoin

    Here are some of the places where you can use Skrill to buy Bitcoin:

    Skrill Wallet

    Skrill recently added a feature that allows its customers to buy and hold Bitcoin and other selected cryptocurrencies using the fiat balance in the account. To support this feature, Skrill has partnered with top cryptocurrency exchanges, such as Coinbase, which supply the company with crypto liquidity services. The Skrill cryptocurrency feature has been available since 2018, with small features added over time. However, the service is only available in limited countries to date (about 30) and with Skrill being a third-party crypto player, its fees are relatively high compared to other options available to Bitcoin buyers.  

    To buy Bitcoin within your Skrill wallet, simply upload funds to your account using the available payment methods. Navigate to the ‘Crypto’ tab and click on ‘Trade’. If it is your first time, you will be prompted to accept the terms of use as well as agree to the associated risks. You will then be redirected to the ‘Market Data’ tab, where you should select ‘Bitcoin’. On the live exchange rate page, enter the amount of money you wish to spend on buying Bitcoin. Click ‘Confirm’ and you will complete your Bitcoin buying transaction within the Skrill wallet. 

     

    Cryptocurrency Exchanges

    Cryptocurrency exchanges are an excellent place for buying Bitcoin. Functionally, they operate like traditional stockbrokers that offer a place for crypto investors to buy Bitcoin as well as other digital coins and tokens. Some of the best and biggest cryptocurrency exchanges in the world include Coinbase and Binance (to learn more about Binance). Cryptocurrency exchanges accept multiple payment methods such as bank wire, credit/debit cards, and popular eWallet options such as Skrill. Due to its unique features, Skrill is one of the best methods to fund your account in any cryptocurrency exchange. 

    To buy Bitcoin with Skrill via a cryptocurrency exchange, you will first have to upload funds into your Skrill account. You can then proceed to sign up for a trading account with your favorite crypto exchange. Complete any relevant verifications and navigate to the deposit area so as to add Skrill as one of your payment methods. When you proceed to deposit funds, you will be directed to a Skrill page that will prompt you to log into your account. You can then follow the prompts to complete the transaction, before being redirected back to your crypto exchange trading account. After funding your crypto exchange account, you can then proceed to buy Bitcoin or any other crypto coins. Skrill allows you to fund your account instantly on most cryptocurrency exchanges. 

    Cryptocurrency Brokers

    Cryptocurrency brokers are a little different from cryptocurrency exchanges. A cryptocurrency broker allows investors to trade Bitcoin prices, rather than own the coin. They essentially offer a trading platform that streams live bitcoin prices and traders can buy or sell the currency depending on the prevailing market conditions. This ensures that any investor can remain exposed to the potential benefits of owning a cryptocurrency, without the associated baggage of how to store them or hold them when prices are falling. eToro is by far one of the best multi-asset brokers that allows investors to buy Bitcoin with Skrill. 

    To buy Bitcoin with Skrill via eToro, simply open an account by clicking on the ‘Sign Up’ button on their official website homepage. Complete their mandatory KYC (know-your-customer) verification procedures and proceed to fund your account by clicking on ‘Deposit’. Select Skrill and follow the prompts as you are redirected to the Skrill payments page. After loading funds into your eToro account, simply click on ‘Bitcoin’ on the assets page and trade the coin. You can buy or sell bitcoin on eToro platforms 9desktop and mobile) which are very user-friendly. eToro also has a demo account option where new traders can practice buying bitcoin for free. If you want to sign up with eToro, simply click here to get started.

     

    Peer-to-Peer Crypto Trading Sites

    P2P crypto trading sites have helped make Bitcoin easily accessible to numerous people around the world. Some of the popular P2P sites include Paxful, LocalBitcoins, and Remitano. These sites allow Bitcoin buyers and sellers to interact freely and post their ad offers. A typical Bitcoin seller’s ad will feature pricing, Bitcoin limits, acceptable payment methods, and any other terms and conditions. In most countries and territories, Skrill is one of the most accepted payment methods for Bitcoin sellers on P2P crypto trading sites.

    To buy Bitcoin with Skrill via P2P crypto trading sites, simply open an account and complete any relevant verification procedures. Most P2P crypto trading sites allow traders to trade without verification, but with reduced limits. After opening an account, simply filter your bitcoin offer search by selecting Skrill as your preferred payment. Browse through the sellers that accept Skrill and place an order to buy bitcoin. Some of the additional factors to consider when selecting a Skrill seller include availability, limits, reputation stats, pricing, and terms of engagement. After placing an order, the P2P company will hold an equivalent amount of bitcoin on escrow, and you will now be able to have a chat with the seller. The seller will provide payment details, which is the Skrill email or number. After sending payment, mark the transaction as completed (you may be required to upload a screenshot confirmation). The seller will then release the coins to you when he/she confirms your payment.  

    Conclusion

    Skrill is one of the best online payment methods in the world. Additionally, the company has been active in facilitating cryptocurrency integration on its own platform following the strategic partnership with exchanges such as Coinbase. (To learn more about Coinbase and to access the exchange, click here) As a payment method, Skrill is also very convenient and available on many cryptocurrency exchanges and P2P crypto sites. As well, millions of users around currently operate active Skrill accounts. Buying bitcoin with Skrill is therefore not a hassle, and investors are guaranteed instant transactions and high security. 

     

    Skrill FAQs

    How fast is it to buy Bitcoin with Skrill?

    Skrill transactions are instant, so can complete your Bitcoin buying process within a few moments.

    Do I need a Skrill Bitcoin wallet?

    No, Skrill does not have a Bitcoin wallet. Skrill will only be used as a payment method on crypto exchanges and P2P sites. On the Skrill wallet, you only need your account.

    How soon will my Bitcoin balance update?

    Skrill transactions are instant. Your Bitcoin balances will depend on your crypto exchange or P2P crypto trading site.

    Is Skrill the best way to buy Bitcoin?

    This depends on you. But Skrill is quick, simple, secure, and charges relatively lower fees.

    coinlib
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Understanding Bitcoin and Online Casinos

    November 27, 2023

    The Beginner’s Guide to Understanding Casino Bonuses

    November 17, 2023

    The Good, the Bad, the Secure: Blockchain Technology

    November 17, 2023

    Physical Bitcoin: Bridging the Tangible and Digital Realms of Cryptocurrency

    September 19, 2023
    Don't Miss
    Buy Crypto

    Crypto in iGaming: Trend Overview

    By marketaDecember 6, 2023

    The rise of cryptocurrencies can be named as one of the most peculiar and…

    Trading Essentials in the World of Commodities with 365Investings

    December 5, 2023

    Understanding Bitcoin and Online Casinos

    November 27, 2023

    The Ultimate Guide to Crypto and Blockchain Games for Beginners

    November 27, 2023

    How Can You Cash Out From Crypto Ice Hockey Betting This Winter

    November 23, 2023

    The Beginner’s Guide to Understanding Casino Bonuses

    November 17, 2023

    The Good, the Bad, the Secure: Blockchain Technology

    November 17, 2023

    Your source for the serious news. Stay informed with the latest updates and insights from the world of cryptocurrencies. Newsroom is your go-to source for in-depth news articles, helpful guides, and information in the crypto industry.

    Join our vibrant community and connect with us on social media:

    Facebook Twitter Reddit
    Top Insights

    Crypto in iGaming: Trend Overview

    December 6, 2023

    Trading Essentials in the World of Commodities with 365Investings

    December 5, 2023

    Understanding Bitcoin and Online Casinos

    November 27, 2023

    Coinlib provides live and historic cryptocurrency prices, portfolio, alerts, news, charts and detailed coin data.

    Questions? See our FAQ
    Advertise
    Add prices to your site: Bitcoin Widgets
    Request Form • Press kit • API

    Donations accepted in:
    BTC, ETH, LTC, BCH, DASH, ETC, XVG

    Trading is very risky. Consult a financial advisor. Coinlib does not guarantee the accuracy of the presented data and is not responsible for any trading decisions. Please read our full disclaimer.

    Full disclaimer · Terms & Conditions · Privacy policy

    Contact us: Feedback is very much appreciated!
    Email: info@coinlib.io

    Turn lights on/off Turn lights on/off
    • Crypto currencies + 6500
    • Fiat currencies + 150
    • Exchanges + 60
    • Markets + 5700

    2023 © Coinlib.io

    Learn to trade for free

    Personalized features

    You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features.

    Ready? Sign in or register

    Type above and press Enter to search. Press Esc to cancel.