Buy Bitcoin with Skrill
Can you buy Bitcoin with Skrill? Of course! In today’s cryptocurrency world, almost anything is possible. Thanks to the top online crypto exchanges, you’ll be able to pay in a way that suits you. Naturally, when it comes to fiat deposits, Visa and MasterCard are often the go-to option for most investors. However, for efficiency, flexibility and security, Skrill is up there with the best.
Through a process of analysis and elimination, our team of experts have picked through the finer points of Skrill and found the best exchanges and brokers to use it. Of course, we don’t want you to take our word for it. So, to show you why it’s a good idea to buy Bitcoin with Skrill, check out our eToro review and other brokers' reviews then read through our guide below. Simple!
5 Quick Steps to Buy Bitcoin with Skrill
- Register with an exchange in a few simple clicks.
- Log in and select Skrill as your payment method.
- Make the minium deposit.
- Place an order using the “buy Bitcoin” button.
- Wait to see if BTC price movements earn you a profit.
Method 1: Buy Bitcoin with Skrill on exchanges
Can I buy Bitcoin with Skrill via a traditional cryptocurrency exchange? Yes. Although the options are slightly limited, you can use the steps below to buy BTC with Skrill at BitPanda.
Step 1: Check out our BitPanda review and register an account using the secure sign-up link.
Step 2: Log into your account and navigate to the payment page using the “deposit” button.
Step 3: Verify your identity (you will need to provide your address and a form of ID) to enable fiat deposits.
Step 4: Select Skrill on the payment page and deposit at least £25
Step 5: Click “trade” and then “buy” to get Bitcoin using Skrill.
Method 2: Buy Bitcoin with Skrill directly from a seller
Can you buy Bitcoin with Skrill from an individual rather than an exchange? Yes. If you take a look at our LocalBitcoins review, you’ll that it’s possible to make personal transactions via the internet.
This service is useful as it allows you to conduct business with a single person at a rate you both agree on. However, there is also an element of risk with person-to-person trades. Even though LocalBitcoins.com keeps you safe in a variety of ways, it can’t ever be 100% involved in the process. Therefore, if you’re a novice, it might be better to use a recognised cryptocurrency exchange.
Buying Bitcoin with Skrill: what are the fees?
These will vary from an exchange or broker to another. Bear in mind that there might be some deposit and withdrawal fees.
Should I buy Bitcoin?
When it comes to reputation, Bitcoin is still the leading cryptocurrency out there. When you look at the price of BTC, you can see it’s the dominant force in the industry. That, in our opinion, makes it a solid investment. Indeed, while other cryptos have come and gone, Bitcoin has survived the test of time. What’s more, when you buy Bitcoin with Skrill, you’re able to trade in a safe, efficient way. When you piece these two things together, it makes BTC an attractive investment option for any investor.
Featured image: Piotr Swat/Shutterstock.com
Is it safe to buy Bitcoin with Skrill?
Yes. This eWallet is subject to financial regulations in the same way that banks are. What’s more, when you use regulated platforms, you get an additional layer of protection.
How much does it cost to buy BTC with Skrill?
Of all the Bitcoin deposit methods, Skrill is one of the cheapest. Although there are other low-fee options, most operators charge very little for Skrill deposits and withdrawals.
Will I make money if I buy bitcoin with Skrill?
That’s impossible to say. Investments will fluctuate all the time. However, over the last decade, Bitcoin has proved itself to be a strong cryptocurrency.
Can you buy Bitcoin with Skrill at every exchange?
No. To see which sites allow you to pay with Skrill, check out our crypto exchange reviews.
What if I don’t want to buy Bitcoin using Skrill?
There are plenty of payment options at most brokers and exchanges. As well as bank transfers and debit card payments, you may be able to use eWallets such as Neteller.