Skrill Wallet Currency
- Buying Bitcoin with Skrill on Bitpanda is quite straightforward. First, click Deposit up the top right of your homepage. Next, select the currency you wish to deposit. For this walkthrough, we'll deposit Euros. Next, you'll select the deposit method.
- Using your Skrill wallet to pay online at a retailer that accepts Skrill is free Sending money to an international bank account with Skrill Money Transfer is free Receiving money into your Skrill account.
40 official Skrill currencies, including €, $, ₽ The minimum amount is € 10 or the equivalent in your wallet’s currency, the maximum is limited by the account Status limits. 9 cryptocurrencies including Bitcoin (BTC), Bitcoin.
In this blog, we are going to learn how to send money through Skrill, the Skrill Money Transfer fees and exchange rates, and if they are reliable.
Skrill was first launched in 2001 as an e-commerce payment gateway for gambling and forex brokers under the brand name Moneybookers. The company was rebranded to Skrill in 2011 and has further expanded its online service that allows users to send money around the world through Skrill Money Transfer.
Skrill was bought by the Paysafe Group in 2015, a multinational company that provides online payment services. The group is also a parent company of Skrill wallet rival, Neteller (digital wallet). Paysafe Group offers services under the brand name Paysafe and its subsidiary brands.
Skrill Money Transfer
Skrill Money Transfer is easy to use and also quick and secure in sending money abroad. The service is for free when it is sent to a third-party mobile wallet or bank account in different multiple currencies.
Skrill money transfer provides users to fund the payment through various mediums of exchange such as credit card, debit card, SOFORT, and bank transfer. It supports multiple deposit methods such as:
- Local payment methods include Bank transfer, Fast Bank Transfer, Paysafecash, Rapid Transfer, and Trustly
- Global payment methods include credit card payments of AMEX, Diners, JCB, MasterCard, and Visa
The service is available for both existing 40 million users and non-existing customers all around the world. Needless to say that the availability of the different modes of payment depends on the location and the currency that is being used.
Your recipient can receive the money in multiple ways. Although Skrill is an online focus money transfer service provider, they have partnered with leading mobile money wallet providers so recipients can get money in local currency and withdraw money at nearby money agents.
How to send money using Skrill Money Transfer?
- Log in and select ‘Send Money'
- Select the country and currency
- Enter the amount
- Select a payment method
- Enter your personal and the recipient’s details
- Pay for your transfer
- Confirm and send
Payment information includes email address, password, and personal information (first and last name, date of birth, and contact details)
Details of the recipient include the recipient's full name, address, bank code or BIC (Business Identifier Code), IBAN (International Bank Account Number), and bank account number and country. If your recipient does not have a bank account, you can send money to their email address.
Related Article: Moving To India? Besides moving your money, here's what else you need to do.
To send money to an email address, bank account, or Mobile, select your preferred money transfer option after logging in.
Skrill Exchange Rates
Skrill offers interbank exchange rates, which is the rate you see on Google or XE.com with no hidden markup. Skrill often offers the best exchange rate compared to its competitors.
Although the difference may not seem much, it is important to remember that most money transfer service providers charge a transfer fee to make up for the loss on the exchange rate margin, unlike Skrill.
Skrill Transfer Fees
International Transfer: Zero fees when you use Skrill Money Transfer to send money to an international bank account
Domestic Transfer: Up to 2% Domestic fee per transaction when you transfer money domestically. This fee will be charged when the transfer begins and ends in the same country.
Fees to receive money via Skrill
FREE! Skrill Money Transfer does not charge recipients any fee to receive. There is an exception for a foreign transaction fee by the card issuer.
The zero fees are also applicable to all transfers even when you pay using a debit card or credit card instead of from your bank account. However, your payment method may impact the speed of delivery and can take up to 3-5 business days. Usually, the speed of delivery is quick, and your recipient gets the money on the same business day.
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
There will be a fee per transaction which is up to 2%. This fee will be charged when the transfer is within the same country.
Skrill Money App
Skrill app allows you to access all of the same account functions as you will find on their main Skrill website. Their Mobile app has garnered positive reviews rated 4+ on both iOS and Android.
You get speed, convenience, and simplicity. Choose a recipient, tap, and send in a few seconds. The app makes it easy for you to send money, withdraw money, check your Skrill Account balance, and view the list of your recent transactions anywhere at any time.
Customer Support
Skrill’s Customer service and customer experience are highly rated. It enjoys a score of 4.5 out of 5 on Trustpilot. Verified users have rated it excellent for its exchange rates and fees.
You can contact Skrill customer support by telephone at +1 855 719 2087 or by their email address help@skrill.com. For a straightforward query, you can refer to their FAQ section.
Skrill Cryptocurrency Trading
Skrill is popular among the crypto enthusiasts. Opening an account in Skrill also gives the opportunity of buying and selling cryptocurrencies. Digital currencies such as Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP, and 0x can be converted instantly from 40 fiat currencies. Registered users can build and grow their portfolio through scheduled cryptocurrency purchases.
Skrill’s cryptocurrency trading is a great way to discover investments. The most convenient part of this service is its auto trading function. This function allows the user to specify the price of the cryptocurrency they want to buy. When the price of the selected cryptocurrency reaches the value they set, Skrill will automatically buy or sell it for them.
Is Skrill safe?
Skrill is FCA authorized and regulated so there is doubt on its reliability and security. You can tell which money companies are safe to use if they are authorized and regulated by the FCA (Financial Conduct Authority).
In conclusion, Skrill is an easy, reliable, and secure service for sending and receiving money online. Their service has wide coverage in different locations that make it convenient for its users to send a money transfer from any location. The most attractive offering of Skrill is the high exchange rate and zero fees. For more on the terms and conditions and coupons check out what is on offer today on CompareRemit.
In the same way it's difficult to buy bitcoins with PayPal, your options are limited if you want to exchange Skrill to Bitcoin. The companies below are the current options if you want to buy bitcoin with Skrill.
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
Quick Info: Popular Exchanges
- eToro
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
- Bitpanda
- Crypto exchange based in Europe
- Buy bitcoin with card, SEPA, SOFORT
- Trusted exchange
eToro Buy Bitcoin Read Review
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via Skrill. It also offers unique features like copy trading.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
Bitpanda Buy Bitcoin Read Review
Bitpanda is a bitcoin exchange based in Austria. Among many payment methods accepted, customers from Europe can buy bitcoins with Skrill in under 10 seconds.
Note that the exact fees for purchasing with Skrill are not displayed publically. You will be shown a buy price at check out and the fees for using Skrill are included in that price.
Scroll to the end of this post for a step-by-step tutorial on how to buy BTC with Skrill on Bitpanda.
Here is a quick step-by-step guide on how to buy bitcoins with Skrill on Bitpanda:
- Create an account on Bitpanda.
- Confirm your identity and SMS verification.
- Deposit EUR and continue through to buy!
- Withdraw the BTC to your own Bitcoin wallet!
We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.
- Some of the lowest fees for buying bitcoins with credit/debit card
- Reliable and trusted broker
- Fees aren't shown openly on the site but instead included in the buying price
- 24/7 live support
- Extremily high limits
- 5 Minute verification
- Get payouts fast
- Large selection of payment methods
- No traditional orderbook for advanced traders
- Available in 23 languages
- Quick verification process
- Limited payment methods
- Only supports EU countries
Skrill is a online payment services provider. Formerly known as Moneybookers, Skrill has been around since 2001.
Skrill aims to simplify online payments and process them as cheaply as possible. In addition to payments on merchant websites, users can send money to an international bank account and pay a beneficiary using only a phone number or email address.
Skrill is available in the following countries:
| Australia | India | Mexico | Slovakia |
| Austria | Indonesia | Monaco | Slovenia |
| Bangladesh | Ireland | Nepal | Spain |
| Belgium | Italy | Netherlands | Sri Lanka |
| Cyprus | Kenya | Nigeria | Thailand |
| Estonia | Latvia | Pakistan | United Kingdom |
| Finland | Lithuania | Philippines | United States of America |
| France | Luxembourg | Portugal | Vietnam |
| Germany | Malaysia | Poland | |
| Greece | Malta | San Marino |
While similar to PayPal in many ways, Skrill does not offer purchase protection. This means that there is no way to reclaim your funds in the event that you do not receive the goods you paid for. While this is the main reason that you can use it to buy Bitcoin (as many merchants are wary of chargebacks), it also means that you need to make sure that you're buying from a legitimate seller.
-
Skrill allows users in some European countries to purchase cryptocurrency within the Skrill interface. If Skrill's cryptocurrency offering is available in your country, you'll see an option to Buy & Sell Crypto on your account dashboard.
To buy or sell any of the supported assets, click trade on the right hand side of your crypto dashboard.
You can create market, limit, or recurring orders. You also have the ability to set price alerts.
This makes it about as easy as it can get to buy Bitcoin using Skrill.
-
Once you've bought Bitcoin, you can also send it to another Skrill customer.
Note that you're not able to send it to an external wallet or exchange address.
Skrill Wallet Account
To send crypto to another Skrill user:
Select Skrill to Skrill on the Send section of your account, or click the Send icon next to the cryptocurrency you wish to transfer
Enter the recipient's email address or phone number (country code included)
Select the cryptocurrency you wish to transfer from the Select Balance field
Enter the amount and hit Continue
Check that the transaction details are correct. This is where you will see the applicable fees and limits. If it's all good, click Confirm
If they haven't previously, the recipient will need to accept Skrill's Crypto Disclaimer.
If you send Bitcoin to an email address that is not reigstered with Skrill, your transaction will show up as Pending for 14 days. If it is not claimed during this time, it will be returned to you. You can also manually cancel a Skrill to Skrill transfer during this window.
If you're just looking to gain exposure to Bitcoin and don't require the ability to send your holdings to an external or non-Skrill wallet, this is a very simple and convenient way of doing so.
If you're not in one of Skrill's currently supported countries, don't worry, there are still a number of ways you can use Skrill to buy Bitcoin.
-
Bitpanda is one of the largest and safest Bitcoin exchanges that accept Skrill.
Verified users can deposit Euros, British Pounds, US Dollars, and Swiss Francs. Withdrawals in each of these currencies are also possible with Skrill.
Buying Bitcoin with Skrill on Bitpanda is quite straightforward.
First, click Deposit up the top right of your homepage.
Next, select the currency you wish to deposit.
For this walkthrough, we'll deposit Euros.
Next, you'll select the deposit method. Skrill is listed here, along with its fees of €1 + 3.60%.
Enter the amount you wish to deposit. There is a minimum of €25 and a maximum of €10,000.
You'll then be shown an overview of the transaction you're about to submit. Take a look to confirm that the details are correct.
Next, you'll be sent a code to your verified phone number to approve the transaction.
Once confirmed, you'll be redirected to Skrill's payment interface.
On Skrill's site, you'll be able to log in to your existing account, or create a new one.
Once logged in, you have the option of paying with your current Skrill balance or using the Rapid Transfer system.
For a Rapid Transfer, you'll need to enter your IBAN and SWIFT codes.
Once you've confirmed the payment on Skrill's side, the deposit should show up in your Bitpanda wallet within seconds.
Buying Bitcoin with your wallet balance is as simple as clicking Trade up the top right, just next to Deposit.
-
eToro is another online brokerage that supports Skrill deposits. Once you have funds in your account, you can then use them to purchase Bitcoin.
Skrill Wallet Currency Transfer
To deposit funds using Skrill:
- Click Deposit Funds down the bottom left of your account homepage
- Enter the amount and currency you wish to deposit
- Select Skrill
- Log in to your account and complete payment on Skrill's portal
Your deposit will show in your account within minutes.
To buy Bitcoin using your newly-credited funds, click BTC on your account dashboard.
You'll be taken to the following screen, where you can read up on Bitcoin news, check out the charts, or see statistics and figures.
Hit Trade to place an order.
Here you can define the terms of your trade: how much to buy, if you wish to use leverage, set a stop loss, or take profit.
-
Paybis is a cryptocurrency exchange located in the UK. Founded in 2014, it has expanded to offer service to 48 U.S. states (Hawaii and New York are not supported) and more than 180 countries worldwide.
One of Paybis's best features is that it is non-custodial, i.e. your Bitcoin goes straight to your wallet, it is not stored on the exchange.
As Bitpanda and its support for Skrill payments is not available to Americans, Paybis is an alternative worth considering for those in the U.S.
Verified Paybis users need only create a new order on the exchange, enter their wallet address, and complete payment on Skrill.
Fees are quite high, however. As you can see in the above screenshot, you'll only end up with $439 of Bitcoin after paying $500.
Skrill takes a 3.57% fee, Paybis takes a very high 7.95% cut, and Bitcoin network fees eat up $3.10.
Fees for purchases of Bitcoin using Euros are very slightly lower, with Paybis charging 6.95% for their services.
-
Chapter 6
Buying Bitcoin with Skrill on LocalBitcoins
LocalBitcoins is another option if you're looking to purchase Bitcoin with Skrill.
There are many offers posted on the peer-to-peer marketplace for sellers who will accept Skrill. You can also post your own buy offer at any price you like, and hopefully someone will take you up on it.
The spread (difference between the mid-market price and the price you will actually pay) begins at about 1%.
Note that many sellers require your Skrill funds to be marked as 'gambling funds.' MasterCard deposits do not allow you to use the deposited funds for gambling purposes. Visa cards are not subject to these restrictions.
As always, be sure to conduct all communication through the LocalBitcoins messaging system and never send any money before the Bitcoin is in escrow.
-
Paxful, like LocalBitcoins, is a peer-to-peer (P2P) marketplace. You can open a trade with any seller who has an open offer, or create your own offer and define the price and your terms of trade.
Skrill is one of the more than 350 payment options supported on Paxful.
Offers start around 8% higher than the spot price of Bitcoin, though you may get lucky and come across a more competitively-priced offer.
-
Chapter 8
Buying Bitcoin with Skrill on LocalCryptos
LocalCryptos is a smart-contract based P2P market.
All communications between buyers and sellers are encrypted. The site's arbitrators only have access to your messages if a dispute is opened, otherwise they are deleted 30 days after the completion of the trade.
Offers for Skrill purchases of Bitcoin were much more expensive than the market price at the time of writing. This is bound to fluctuate, so it's worth checking back often or creating your own offer.
-
Isn't VirWoX the best way?
VirWoX is the best option if you don't live in the EU. If you live in the EU, then BitPanda is cheaper although requires more identity verification. VirWoX does not require ID verification.
Why are there so few options to buy bitcoin with Skrill?
The main reason it's hard to convert Skrill to Bitcoin is because Skrill payments can be reversed, while Bitcoin payments are irreversible.