How to buy Bitcoin with Skrill

Buy Bitcoin with Skrill

Bitcoin is a cryptocurrency with the highest market cap, north of $900bn. Since Bitcoin is now considered an investment, we explore how users can purchase Bitcoins using Skrill.

This page explains the various methods users can utilize to buy Bitcoin with Skrill. We also include some tips to help make the process easier.

Best platforms to buy Bitcoin with Skrill – 2021

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What is Skrill?

Skrill is a digital payments platform that allows users to transfer or deposit funds. It has a presence in over 200 countries across the globe. Users can transfer money instantly in 40 currencies.

Skrill’s popularity stems from its ease of use and security. The company also allows for in-app cryptocurrency purchases, including Bitcoin.

Skrill account can be funded through various options, including:

  1. Debit and credit cards
  2. Neteller
  3. Bank account
  4. Bitcoin cash
  5. Paysafecard

There are different ways to buy Bitcoins using Skrill:

  1. Using the Skrill platform – Skrill users can purchase Bitcoins directly on Skrill.
  2. Peer to peer Marketplaces – Buyers and vendors trade with each other. Buyers need to select vendors who accept Skrill as a form of payment.
  3. Crypto exchanges – Some of these platforms have integrated Skrill as a method of payment. 

The fees you pay will depend on which option you decide to pick. Charges are also dependent on location. Expect to be charged as high as 5% of the total transaction amount when using Skrill on an exchange. 

Note that funding the Skrill account from credit and debit cards attracts a 2.5% fee.

Here are the fees users will be charged when using Skrill directly:

Transaction (USD)Fees (USD)
$1-$19.99$0.99
$20-$99$1.99
Above 1001.5%

Users who buy Bitcoin directly on Skrill cannot transfer them out of their account. This means that users will not need a crypto wallet for the transfer of their assets.

Buy Bitcoin with Skrill now at our preferred partner

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

ProsCons
Trustworthy – Many users globally trust Skrill due to the ease of use and security.Higher fees – Skrill users experience high transaction fees, especially on crypto exchanges.
Convenient – Users can set up conditional orders. This functionality places orders automatically when certain conditions in the Bitcoin market are metUsers who decide to use Skrill cannot transfer Bitcoins out of the platform after purchase.
Versatile – Skrill provides over 100 methods to deposit fiat currency into the account for Bitcoin purchase.Users do not own the coins they buy on Skrill. Skrill will allow the users to hold and sell the Bitcoin on its platform.
Instant – Users can complete orders instantly. This is beneficial when a user wants to take advantage of price movement.
Available in local currencies – Those with a Skrill account can purchase Bitcoin using their local fiat currencies, e.g., USD, GBP, EUR, etc.

How does Bitcoin work?

Bitcoin is a peer-to-peer digital currency that uses a decentralised ledger known as a blockchain to facilitate payments.

The key to the success of Bitcoin is that there is no central authority controlling the transactions. There are decentralised nodes that verify transactions which are then recorded on the blockchain. Records are immutable therefore trustworthy.

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

How to Buy Bitcoin using Skrill online

You can fund your Skrill account using bank transfer, credit, and debit cards.

Users can use Skrill directly and two other ways to purchase Bitcoins:

  1. Skrill – users can buy Bitcoins directly on Skrill.
  2. Peer-to-peer (P2P) marketplaces – These platforms match sellers and buyers. The sellers post their offers on the platform. 
  3. Crypto exchanges – These are centralised platforms where users can buy cryptocurrencies, including Bitcoins.

Buying Bitcoin directly on the Skrill platform

Step 1: Open a Skrill account and complete verification.

Step 2: Tap on “Buy and sell crypto” tab.

Step 2: Fund your Skrill account using your credit or debit card (All major cards are accepted including, Visa, Mastercard, and JCB)

Step 3: Choose buy Bitcoin from the cryptocurrency option and click on buy.

Step 4: Specify the amount you wish to spend (Users can buy Bitcoin worth as low as $1). 

Step 5: Complete the purchase.

Buying Bitcoin on a peer to peer (P2P)marketplaces

P2P marketplaces are a popular way to purchase Bitcoin. 

Step 1: Open an account on the platform and complete the verification process.

Step 2: Use the filter option to see sellers who meet your preferences. Consider the following before selecting a vendor:

  1. Country(For currency matching purposes).
  2. payment method (Skrill)
  3. Volume(number of coins), 
  4. Seller Reputation.
  5. Availability and response time.

Step 3: Open a trade. When a buyer finds an offer that suits them, they should initiate the trade by entering the amount of money they have and locking the price.

Step 4: The P2P platform will hold Bitcoins in trust. The coins are released when the seller confirms the payment. 

Step 5: We recommend transferring Bitcoins to a secure wallet like Exodus and Trezor One.

Examples of peer-to-peer exchanges include LocalBitcoins, Paxful, and Remitano.

Buying Bitcoin from an exchange or broker

Regular exchanges and brokers require you to open an account with them.

Step 1: Find a suitable exchange or broker. Some platforms are geo-restricted, meaning they only operate in certain countries. Others only use specific currencies; therefore, buyers from some countries convert currency while funding their accounts.

Step 2: After account verification, deposit funds into your account with Skrill. Here, you will have to select Skrill as your payment method.

Step 3: Place your order: Place an order after linking Skrill with the exchange/broker.

Step 4: Confirm and finalize the purchase.

Step 5: Safe storage in a wallet: Wallets ensure your Bitcoins assets are secure. Example of wallets includes Bitcoin wallet, Trezor Model T and Exodus.

Examples of crypto exchanges include Paybis, Kraken, eToro, Binance, and Kraken.

Congratulations, you’ve just bought your first Bitcoin with Skrill!

Top platforms to buy Bitcoin with Skrill

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes