Skrill is a versatile digital wallet enabling users to buy, sell, and hold cryptocurrencies directly within their accounts. Supporting popular fiats (GBP, EUR) and cryptocurrencies like Bitcoin, Skrill simplifies crypto transactions without needing external exchanges.
Is Skrill a Good Platform for Cryptocurrency?
Skrill offers five key advantages for crypto users:
- Integrated Transactions: Buy/sell crypto using your Skrill balance.
- Price Alerts: Set notifications for optimal exchange rates.
- Automated Orders: Schedule conditional/recurring trades.
- User-Friendly Interface: Streamlined for beginners and experts.
- Portfolio Growth: Regular investment options like dollar-cost averaging.
👉 Explore Skrill’s crypto features
How to Start Using Skrill Crypto
Step-by-Step Guide:
- Sign Up: Create a free Skrill account via their website or app.
- Verify Identity: Complete KYC procedures in the "Crypto" section.
- Check Availability: Confirm service is active in your country (excludes USA since July 2023).
Note: Skrill discontinued crypto services in the USA. Users must sell holdings before deadlines.
Buying Cryptocurrency with Skrill
Methods:
- Instant Purchases: Use fiat balances (EUR/USD) to buy crypto.
- Recurring Buys: Automate Bitcoin purchases with dollar-cost averaging.
- Withdrawals: Transfer fiat to external wallets (crypto withdrawals not supported).
Tip: Use price alerts to capitalize on market movements.
Sending Crypto from Skrill
Two Options:
Transfer Section:
- Select "Skrill to Skrill."
- Enter recipient’s email and crypto amount.
Crypto Section:
- Choose asset → "Send" → specify recipient details.
Limitations: No external wallet deposits or crypto payments.
Skrill Crypto Fees Explained
| Transaction Type | Fee (%) |
|---|---|
| Buying Crypto | 3.49 |
| Selling Crypto | 3.99 |
| Trading Crypto | 1.50 |
| Currency Exchange | 4.49 |
| Withdrawals | Variable |
Skrill Alternatives for Crypto
Consider these platforms:
- Cash App: User-friendly Bitcoin trading.
- Venmo: Social payment integration.
- Advcash: Multi-currency support.
Skrill Cryptocurrency Review Summary
Pros:
- Convenient all-in-one wallet.
- Strong security (2FA, encryption).
- Automated trading tools.
Cons:
- Custodial wallet (no private keys).
- High fees for transactions.
- Limited country availability.
Final Tip: Research alternatives to align with your security and cost needs.
FAQs About Skrill Crypto
Is Skrill safe for cryptocurrency?
Yes, Skrill employs robust security measures, though it’s not FCA-regulated for crypto.
How do I withdraw crypto from Skrill?
Convert crypto to fiat or transfer to supported wallets via the trade page.
Can I send crypto from Skrill to Coinbase?
Only fiat transfers are supported; Skrill doesn’t allow direct crypto withdrawals.
What countries support Skrill Crypto?
Available in 40+ countries (excludes USA after July 2023).
Is Skrill a crypto exchange?
No, it partners with exchanges to execute orders but isn’t an exchange itself.