How to Buy Bitcoin with Skrill
Here are three simple steps to buy Bitcoin with Skrill.
1. Sign up with our recommended platform
You will need to provide a few personal details and complete the KYC process with a photo ID to sign up with a platform. Regulated platforms are the safest ones to trust with your money. Get started with our top recommendation by clicking the link below.
2. Make a deposit using Skrill
Navigate to the deposit page on your chosen platform once your account has been verified. Click deposit and choose Skrill from the payment options available. To fund your account, simply enter how much you want to deposit and follow any on-screen instructions.
3. Buy Bitcoin
Head to the trading pair for BTC and the currency now in your account. If you want to specify a future price to buy at, use a limit order. Otherwise, use a market order to buy Bitcoin immediately at the current price.
Where to Buy Bitcoin with Skrill
You can take a look at what features different platforms offer and what fees they charge to decide which is right for you. Safety and security should be among your top priorities, which is why we suggest using a regulated, reputable platform. The best ones that accept Skrill are listed below.
Pros & Cons of Buying Bitcoin with Skrill
Here are a few things to consider to help you decide whether to purchase Bitcoin with Skrill.
Quick and easy. Once your Skrill account is funded, you can transfer money at the click of a button.
Limitless access. With the Skrill mobile app, you can check your balance and access your money anywhere at any time.
Support. Skrill provides fast and friendly customer support if you have any issues.
Rewards. Skrill has a loyalty programme, so you can collect points and exchange them for bonuses and cash rewards.
Secure. Skrill uses encryption and 2-factor authentication. It is also compliant with UK, US, and EU regulations.
High fees. Depositing and sending money with your Skrill account can incur fees of up to 5%, depending on the method.
Fees When Buying Bitcoin with Skrill
Funding your Skrill account by bank transfer is free, but other methods have fees of 1-5%. Sending money with Skrill incurs fees of 0-4.99%. When purchasing Bitcoin, there are other costs to take into account, such as spreads, commission, and trading and blockchain transaction fees.
Is Buying Bitcoin with Skrill Right for Me?
While the fees may be higher than some other methods, Skrill will be ideal for people who want a simple and secure way to purchase Bitcoin at any time and any place.
Frequently Asked Questions
Enter your details and create a password on the registration page. Then provide further details to complete your registration, as well as the verification code you receive. You will also need to go to “Verification” in the “Settings” tab and provide a photo ID and proof of address before your account can be verified.
There are numerous ways to fund your Skrill account, such as bank transfer, Trustly, paysafecard, and credit or debit card.
Yes. You can buy a limited number of cryptocurrencies directly through Skrill, but this service isn’t regulated by the Financial Conduct Authority.