How To Buy Bitcoin With Skrill

Skrill is a platform that offers users to buy Bitcoin and other cryptocurrencies conveniently. In this article, we will explore how to buy Bitcoin using Skrill, and what to consider in this process.

What Is Skrill?

Firstly, let's take a closer look at what Skrill is.

Well, Skrill is an online payment system, digital wallet and exchange platform in the same product. It offers money transfer services, prepaid cards and cryptocurrency trading. The platform pays great attention to security, using encryption technologies to protect personal and financial information.

With Skrill, you can buy cryptocurrency directly through the app, but, in this case, the platform charges high fees that reach 15%. You also can buy Bitcoin and other crypto like Bitcoin Cash or USDT with Skrill more beneficially on cryptocurrency exchanges, where fees reach a maximum of 4%. Actually, fees can vary greatly on different exchanges but there are quite cheap options — for example, if you buy Bitcoins and other crypto on Cryptomus P2P exchange, the commission will be only 0.1%.

A Guide On How To Buy Crypto With Skrill

As we’ve already mentioned, the most profitable way to buy Bitcoin using Skrill is getting it through cryptocurrency exchanges that support this service. The process of buying cryptocurrency in this case consists of several steps.

Step 1: Create A Skrill Account

Go to the official Skrill website and sign up. Then you will need to verify your account in order to get access to all Skrill’s features. This option will also increase the transaction limit while using the platform.

Step 2: Choose A Cryptocurrency Exchange

Select a reliable platform that has a good reputation. For example, on Cryptomus P2P exchange, users' data and digital assets are always secured. Moreover, this platform charges low fees making transactions more beneficial. When you’ve chosen an optimal platform for you, then you have to enter your name, phone number and current email address to complete the crypto exchange registration process.

Step 3: Pass An Identity Check

Most crypto exchanges require you to pass an identity process. In these cases, the “Know Your Customer” (KYC) procedure is mandatory: users must verify their identity in order to use the platform. Verification may include uploading a government-issued ID card or taking a selfie.

You can find out more about how it’s possible to buy crypto without KYC here.

Step 4: Top Up Your Account

After confirming your user account and passing the verification process, go to the refill page. There you will need to enter the amount you wish to deposit, and then select Skrill as your payment method. Click on the “Fund” button to complete the transfer.

Step 5: Buy Bitcoin

Before making a deal, find Bitcoin in the list of cryptocurrencies on the chosen crypto exchange. Enter the desired amount of BTC you want to buy, and click “Buy". Then you will be asked to confirm the purchase, and your Bitcoins will be transferred to your account. If you need to, you can also send Bitcoin from Skrill to another wallet by simply entering the recipient’s email address. In this case you’re also able to use a crypto exchange.

Tips For Buying Bitcoin Successfully With Skrill

When you buy Bitcoins using Skrill you need to consider several rules — they will help you purchase cryptocurrency profitably and safely. Here are the tips on how to do it:

• Keep an eye on the market. Stay up to date with market changes and the cost of Bitcoin in order to purchase it at the most favorable rate;

• Compare the fees. While choosing an preferable exchange, look at the fees that platforms charge for transactions, and choose the suitable one;

• Choose a reputable exchange. In addition to low fees it’s essential to give preference to the platform that is licensed by the regulatory authorities of your country. It’s also good if it has an extensive working base. What is more, you should study the reviews of other users who have already dealt with the service, where you can learn some nuances;

• Protect your Skrill and crypto exchange accounts. Use strong passwords and enable two-factor authentication to protect your data from scammers.

Buying Bitcoins with Skrill is simple and convenient, but it is important to follow the tips that we gave above. The same rules apply to cryptocurrency exchanges, which are indispensable in the process of buying Bitcoin through Skrill. Among popular cryptocurrency services that accept Skrill are Coinbase, KuCoin and Gate.io.

Thanks for reading the article! Hopefully, it has helped you figure out aspects on how to buy Bitcoin using Skrill, and how to do it in the most effective way.