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The Best Way To Buy Bitcoin With Skrill

By Ehis Ohiwerei - Updated 01 May 2024
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Hey there, are you interested in buying Bitcoin? Well, good news! You can purchase Bitcoin using Skrill. Skrill is an online platform that offers its users a convenient way to purchase popular cryptocurrencies like Bitcoin. In this article, we’ll walk you through the steps on how to buy Bitcoin with Skrill and explore some key points to remember.

How To Buy Bitcoin With Skrill

Buying Bitcoin on Skrill is easy. However, as a user, you should remember to consider the fees associated with buying Bitcoin and any other terms and conditions on Skrill. To buy Bitcoin on Skrill, all you need to do is follow the simple steps highlighted below: 

  • Deposit funds: Fund your Skrill account via multiple methods, including by card and bank transfer.
  • Go to the crypto tab: From your account, select ‘Crypto’ 
  • Select a cryptocurrency: Choose which cryptocurrency you’d like to buy. Once you have decided, click ‘Buy’, and your fiat will be converted.

How To Buy Bitcoin With Skrill On Third-Party Platforms

If you want to buy Bitcoin with Skrill, another way is to do it online through a cryptocurrency exchange that accepts Skrill. These exchanges provide a convenient platform for buying and selling Bitcoin and other digital currencies using Skrill. You can easily carry out the process from your smartphone, tablet, or computer. Just follow the steps below to purchase Bitcoin with Skrill securely.

Step 1: Pick A Platform

First, select a trustworthy platform (like the one we suggest below) and click on the sign-up option. You’ll be asked to provide your information on a registration form. You may have to verify your phone number, email address, and identity by submitting a photo ID if needed.

Step 2: Add Money To Your Account Using Skrill

After your account has been verified, navigate to the deposit page. Specify the amount you want to deposit and choose Skrill as your payment method. Then click the “Deposit” button to initiate the fund transfer.

Step 3: Purchase Bitcoin

Locate the trading pair for Bitcoin (BTC) and your currency in your account on the platform. Enter the desired amount of Bitcoin you want to buy and click either the “Buy” or “Trade” button. Your Bitcoin will be swiftly transferred to your account.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Can I Buy Bitcoin With Skrill?

In short, yes you can buy Bitcoin with Skrill. The app will facilitate the trading of around 40 different digital currencies. However, it is important to know that this trading service for cryptocurrency is not regulated by the FCA (Financial Conduct Authority) and there can be additional fees involved for trading crypto on Skrill.

Where to Buy Bitcoin with Skrill

Deciding on the right crypto platform can be overwhelming if you’re looking to buy Bitcoin. Factors like fees and features play a role in making the choice. To simplify the process, we have narrowed down a list of the top and most secure platforms for buying Bitcoin. Check out our top pick below for a hassle-free experience.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pros And Cons Of Using Skrill To Buy Bitcoin?

Consider these pros and cons with respect to your personal preferences and requirements before using Skrill to buy Bitcoin.

Pros

  • Convenient payment method: Skrill provides a convenient and user-friendly platform for purchasing Bitcoin, allowing you to use your Skrill account balance or linked payment methods.
  • Wide availability: Skrill is widely accepted by various cryptocurrency exchanges and platforms, giving you a broader range of options to buy Bitcoin.
  • Security measures: Skrill implements robust security measures, including encryption and two-factor authentication, to help protect your account and transactions, providing an added layer of security.

Cons

  • Limited exchange options: While many exchanges accept Skrill, its availability may still be limited compared to more widely used payment methods like bank transfers or credit/debit cards.
  • KYC verification: Skrill may require you to complete a Know Your Customer (KYC) verification process, which involves providing personal information and identification documents. This additional step is a disadvantage for users seeking more privacy.
  • Potential account limitations: Skrill may have restrictions or limitations on account usages, such as transaction limits or account freezes, which could impact your ability to buy Bitcoin or access your funds.

Is Buying Bitcoin With Skrill Right For Me?

Whether buying Bitcoin with Skrill is the right choice depends on several factors. Here are three key considerations to help you make an informed decision:

1. Convenience And Accessibility: 

One factor to consider is the convenience and accessibility of using Skrill. If you already have a Skrill account or prefer using online payment platforms, buying Bitcoin with Skrill can be a convenient option. Skrill offers a user-friendly interface and allows you to utilize your Skrill account balance or linked payment methods for purchasing Bitcoin.

However, suppose you prefer alternative payment methods, or Skrill is not widely supported by the cryptocurrency exchanges you want to use. In that case, there may be other suitable options.

2. Fees And Costs: 

Another crucial factor is the fee and cost of buying Bitcoin through Skrill. Considering the fees involved in Skrill transactions, including deposit, withdrawal, and currency conversion fees, is essential.

As a user, you have to compare these costs to alternative payment methods and determine whether the overall expenses align with your budget and financial goals. If other payment options offer lower fees or better rates, it might be worth exploring those instead.

3. Security And Privacy: 

Security and privacy considerations should also be considered. Skrill implements security measures such as encryption and two-factor authentication to protect your account and transactions.

However, remember that using Skrill requires you to provide personal information and undergo the KYC verification process. If privacy is your top priority and you prefer to minimize the amount of personal information shared, you should consider alternative methods that offer more anonymity.

 

Is Buying Bitcoin With Skrill Safe?

Buying Bitcoin with Skrill can be considered safe due to the security measures Skrill implements and the nature of the blockchain technology underlying Bitcoin transactions. Skrill employs encryption protocols and two-factor authentication to safeguard your account and transactions.

These security features help protect your personal information, funds, and sensitive data from unauthorized access or fraudulent activities. Additionally, Skrill has a robust reputation in the online payment industry, further adding to the platform’s trustworthiness.

When it comes to the safety of Bitcoin transactions, the decentralized nature of blockchain technology plays a significant role. Bitcoin transactions are recorded on a distributed public ledger, ensuring transparency and minimizing the risk of tampering or alteration. Once a transaction is confirmed and added to the blockchain, it becomes virtually immutable, making it difficult for hackers or malicious actors to manipulate the transaction history.

However, it’s important to note that while Skrill provides a secure platform for buying Bitcoin, it’s important to exercise general best practices such as maintaining strong passwords, enabling two-factor authentication, and keeping your devices and software up to date to enhance the security of your Bitcoin holdings further.

 

Can You Buy Bitcoin With Skrill?

Yes, users can indeed buy Bitcoin with Skrill. Skrill offers the option to purchase Bitcoin and other cryptocurrencies. This provides you with a convenient and accessible way to invest in Bitcoin using your Skrill account balance or linked payment methods.

By using Skrill’s services, you can quickly enter the world of cryptocurrency and benefit from the potential growth and opportunities associated with it.

 

Fees For Buying Bitcoin With Skrill

When buying Bitcoin with Skrill, it’s essential to consider the fees involved. While the specific fees may vary depending on your platform or exchange, we can provide a general overview of the standard fees associated with buying Bitcoin using Skrill. Please note that the following table is for illustrative purposes. The actual fees may differ, which you can find on Skrill’s official website:

Fee Type

Description

Deposit Fee

This fee can be a fixed amount or a percentage of the deposit.

Trading Fee

This fee is typically a percentage of the total transaction value.

Withdrawal Fee

This fee can be a fixed amount or a percentage of the withdrawal.

Conversion Fee

This fee is usually a percentage of the converted amount.

 

What Are The Alternative Methods To Buy Bitcoin?

When it comes to paying for your Bitcoin purchase, you have several options to choose from. Whether you prefer the convenience of online payment providers or prefer a more traditional approach, various alternatives are available. Here are a few alternative ways you can make your Bitcoin payment.

FAQs

Is it easy to buy Bitcoin with Skrill?
Yes, buying Bitcoin with Skrill can be relatively easy.
Can I buy other cryptocurrencies with Skrill?
Yes, Skrill supports the purchase of various cryptocurrencies, not just Bitcoin.
Can I buy Bitcoin with Skrill instantly?
The speed of buying Bitcoin with Skrill can vary depending on the platform or exchange you use.
Can I buy Bitcoin with Skrill anonymously?
No, buying Bitcoin with Skrill is not anonymous.