How do I transfer cryptocurrency to Skrill?

Not only is Skrill a reliable and efficient payment service for every one of your withdrawals or occasional gambling ventures, but it is also a highly convenient platform for your cryptocurrency transactions. With an array of different deposit options to choose from and a live exchange rate tracker, you can get started on your trades within just a handful of minutes. As soon as you have gotten to grips with the platform, you can engage automatic trading at your predetermined rate to help build up your crypto portfolio on a scheduled basis without you even having to sign in for the withdrawal.

To exchange Bitcoin, visit: zcash to paypal

The only prerequisite that you need to fulfil is arranging that your Skrill account is stocked up with sufficient funds necessary to initiate the conversion into cryptocurrencies. This may be any of the 40 available fiat currencies put on offer. You can head over to your Skrill Crypto account under the relevant Crypto tab on both desktop or mobile versions for a complete survey of the current exchange rate. This will give you a full report of the behaviour of a particular cryptocurrency for you to decide whether to trade immediately or to create an alert for when it reaches a specific threshold value.

Within just a handful of steps, you will be introduced to the easy ways to buy or sell crypto reserves:

1. Having enough money to your count to cover both your purchase and the associate fees is crucial before you engage in any transaction.
2. Head to the “Crypto” menu accessible from the home page.
3. Browse your cryptocurrency options and hit “Trade” on the one that catches your attention.
4. Input the desired sum, look over the related rates of exchange and approve the action once satisfied.

Skrill Crypto service is available from a range of countries across the world and cryptocurrency may be exchanged in an equally large number of different currencies. You may check the various fees and limits applied to your account from your personal profile. Any transaction, including deposits and withdrawals, will be automatically added to your portfolio for you to keep a clear overview of all of your investments and returns.

Limits Associated with the Skrill Cryptocurrency Service

Limits will apply to whichever cryptocurrency you decide to trade-in. Similarly, the extent of these floors and ceilings will be heavily dependent on the actual status of your account. In the same way that your ATM transfers or withdrawals will be capped at a maximum level, your Cryptocurrency transactions will be set a maximum limit. These are usually placed on single transactions as a way of regulating potential risks.

You will be informed of these specific limits by Skrill before you have the chance to carry out any transaction and may be viewed at any time on your account profile when you access the “Crypto” menu. Under the “Trade” tab, you will be able to see the limits by clicking on either “Sell” or “Buy”. These maximum caps tend to be most relevant since they apply on both the selling and purchasing of cryptocurrencies alongside P2P transactions.

One should note that Skrill also has a minimum transfer amount that one needs to fulfil in order to complete a cryptocurrency exchange successfully. It tends to be valued at a €10 equivalent depending on the currency used.

Step-by-step instruction on how to use the Skrill Cryptocurrency Service

Getting started on its Cryptocurrency service is a remarkably straightforward affair.

1. Open your Skrill account

You should make sure that your Skrill account is up and running, with Skrill verification entirely handled and approved.

2. Deposit the relevant amount of money

Whether you want to buy or transfer, every transaction is carried out using the funds already held in your personal Skrill account. Depending on the sum of money you wish to transfer, you will have to make sure that you have sufficient amounts at your disposal before initiating the conversion. Luckily, the site offers more than one hundred different ways of depositing money, from external bank accounts to debit cards. You can take your pick from several payment methods to best suit your needs.

3. Access your Skrill Crypto account

Once you are signed in, you can access the relevant Crypto tab to start handling your finances. It is also there that you can operate your crypto trades and supervise the current state of the market. This gives you plenty of information and a range of alternatives to pick from to help you make up your mind about your trading strategy.

4. Choose your cryptocurrency

Take your pick from the ten different cryptocurrencies available on the site and click “TRADE” as soon as you are ready.

5. Decide on the amount

You will be redirected to a specific section on your cryptocurrency of choice and will be asked to submit how much money you would like to have transferred. Regardless of the currency, you have chosen to spend. You will be shown the global live exchange rate that will be used to inform the funds you will be remunerated once exchanges, alongside any fees, incurred.

6. Final check

When content with the amount you will receive for the particular exchange rate, you can confirm your purchase and the site will automatically proceed to the transfer.

7. Successful purchase completion

Within a few seconds, a message will appear on the screen to affirm the successful completion of your requested exchange as long as everything you have submitted has worked out correctly during the transfer.

8. Review your portfolio

You can find your successful trade written down in the “Transaction” section of your account alongside all of your previous purchases and sales. Whenever you head back to the “Crypto” tab, you will be presented with a complete overview of your portfolio price changes with live information about each cryptocurrency you can or have already traded-in.

9. Automate your trades

Once you have familiarized yourself with the site’s helpful dashboard and the intricacies of the digital transaction market, the site will give you the option to automate your sales and withdrawals. Whether you wish to buy or sell, you can establish a price floor at which you want to complete your transfer. As soon as your chosen cryptocurrency reaches the desired price rate, the transaction will be initiated automatically according to your previously set parameters without ever requiring your intervention. You may also wish to activate your notifications to receive real-time updates about current exchange rates to make sure that you are never missing out on an opportunity to make some profit.

10. Send cryptocurrencies to other Skrill users

Once you have built up a certain portfolio, you will have the freedom to send and receive payments to and from other Skrill users. Head over to menu “Send” and select “From account balance” where you can write the transfer amount in the chosen cryptocurrency. You will be requested to specify the recipient’s e-mail address before checking and hitting “Send”.