How can I buy bitcoins by Skrill?

How can I buy bitcoins by Skrill?

Samuel

Much like Paypal, Skrill is an e-commerce business that allows you to pay through the web. Formerly known as MoneyBookers, Skrill supplies services for individuals and businesses as one. In this post, I’ll cover the different options for buying Bitcoin with Skrill.



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How to Buy Bitcoin with Skrill Summary

Skrill allows you to buy Bitcoin directly through their website for investment purposes only (i.e. you can’t withdraw the coins). All you need is an email address and a credit card.

  • open a Skrill account
  • Add your credit card
  • Deposit funds in your local currency
  • Go to the “crypto” tab and choose “exchange”
  • Complete the exchange process

That’s how to buy Bitcoin with Skrill in a nutshell. If you want to get actual access to your coins, here are some additional methods:



For a detailed review about Skrill and the different buying options keep on reading, here’s what I’ll cover:

1. Skrill Overview

Skrill allows you to send payments online easily between Skrill accounts. It’s very similar to PayPal, with the exception that it’s much more lenient with its regulatory requirements. In order to obtain a Skrill account, all you need is an email address. You can then fund that account with any of the following options:

  • Bank account
  • Credit card
  • Debit card
  • Bitcoin
  • Bitcoin Cash
  • Neteller

2. Supported Countries

Skrill supports most countries worldwide aside from the following:

Afghanistan, Angola, Barbados, Benin, Burkina Faso, Cape Verde, Comoros, Crimea, Cuba, Djibouti, Eritrea, Faroe Islands, French Polynesia, Gambia, Greenland, Grenada, Guadeloupe, Guyana, Iran, Iraq, Japan, Kyrgyzstan, Lao People’s Democratic Republic, Libya, Macao, Martinique, Namibia, New Caledonia, Niger, North Korea, Palau, Reunion, Samoa, Sudan (North and South), Suriname, Syria, Tajikistan, Togo, Turkmenistan, United States of America

3. Buy Bitcoins directly through Skrill

Skrill allows customers to purchase certain cryptocurrencies directly from their account for investment purposes only.

This means you can buy coins but you can’t withdraw them to a crypto wallet. The only thing you can do is exchange them back to fiat currency and withdraw that to your card or bank account.

Skrill allows you to invest in the following cryptocurrencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)
  • EOS (EOS)
  • Stellar (XLM)
  • Ethereum Classic (ETC)
  • 0x (ZRX)

This method is good if you’re just looking to speculate on the price since it has relatively low fees. However, if you actually need to use your coins then this won’t help you a lot.

The relative fees for this process are:

Deposit fee (for fiat) – 1%

Exchange fee (from fiat to crypto) – 1.5%

This is assuming you use USD or EUR if you’re using your local currency fees can go up to 3%.

There are no ongoing fees for maintaining your Skrill account as long as you log in at least once every 12 months.

Here’s how to buy Bitcoins through Skrill:

Step 1 – open a Skrill account

Step 2 – Add your credit card

Step 3 – Deposit funds in your local currency

Step 4 – Go to the “crypto” tab and choose “exchange”

Step 5 – Complete the exchange process


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