Much like PayPal, Skrill is an e-commerce business that allows you to pay through the web. Formerly known as MoneyBookers, Skrill supplies services for individuals and businesses as one.

Buying Bitcoin with Skrill can be considered one of the fastest and most convenient ways to enter the cryptocurrency market. Skrill, a trusted global payment platform, supports over 40 currencies and offers a seamless experience for sending, receiving, and transferring funds worldwide. In this post, we’ll cover the different options for buying Bitcoin with Skrill.

Key Takeaways

  • Skrill supports over 40 different currencies, allowing users to easily buy Bitcoin and send money across borders with minimal hassle.
  • Multiple payment options are available, including transfers to bank accounts, mobile wallets, email addresses, or phone numbers, offering flexibility for all users.
  • The Skrill app provides a fast and convenient way to buy, send, and withdraw Bitcoin directly from your smartphone.
  • Simple, step-by-step transfer and payment process makes Skrill beginner-friendly and efficient for crypto transactions.
  • Secure and reliable platform designed to ensure safe transactions and data protection for global users.
  • Ideal for anyone looking to purchase Bitcoin quickly and manage their funds in one place using an intuitive, user-friendly interface.

How to Buy Bitcoin with Skrill: Summary

Skrill lets you purchase Bitcoin directly from their platform for investment purposes only (this means you can’t take the coins out). You just need an email address and a credit card.

  1. Open a Skrill account
  2. Add your credit card
  3. Deposit funds in your local currency
  4. Go to the “crypto” tab and choose “exchange”
  5. Complete the exchange process

That’s how to buy Bitcoin with Skrill in a nutshell. If you want to get actual access to your coins, here are some additional methods:

Skrill Overview

Skrill makes it simple to send payments online between Skrill accounts. It works much like PayPal, but it is more flexible with its regulation rules. To get a Skrill account, you only need an email address. After that, you can fund your account using any of these options:

  • Bank account
  • Credit card
  • Debit card
  • Bitcoin
  • Bitcoin Cash
  • Neteller

Supported Countries

Skrill supports most countries worldwide, aside from the following:

Afghanistan, Angola, Barbados, Benin, Burkina Faso, Cape Verde, Comoros, Crimea, Cuba, Djibouti, Eritrea, Faroe Islands, French Polynesia, Gambia, Greenland, Grenada, Guadeloupe, Guyana, Iran, Iraq, Japan, Kyrgyzstan, Laos, Libya, Macao, Martinique, Namibia, New Caledonia, Niger, North Korea, Palau, Réunion, Samoa, Sudan (North and South), Suriname, Syria, Tajikistan, Togo, and Turkmenistan.

Buy Bitcoins directly through Skrill

Skrill allows customers to purchase certain cryptocurrencies directly from their account for investment purposes only.

This means you can buy coins but you can’t withdraw them to a crypto wallet. The only thing you can do is exchange them back to fiat currency and withdraw that to your card or bank account.

Skrill allows you to invest in the following cryptocurrencies. However, it is not an exhaustive list.

This method is good if you’re just looking to speculate on the price since it has relatively low fees. However, if you actually need to use your coins then this won’t help you a lot.

The relative fees for this process are:

  • Deposit fee (for fiat) – 0% – 1%
  • Exchange fee (from fiat to crypto) – 1.5%
  • This is assuming you use EUR; if you use your local currency, fees can go up to 5.5%.
  • There are no ongoing fees for maintaining your Skrill account as long as you log in at least once every 12 month. For a complete fee schedule read this page.

Here’s how to buy Bitcoins through Skrill:

  • Step 1 - Open a Skrill Account

    Create a Skrill account by visiting the official Skrill website or downloading the Skrill app. Sign up with your email address and verify your identity to activate your account.
  • Step 2 - Add Your Credit or Debit Card

    Once your account is verified, add your credit or debit card to your Skrill wallet. This will allow you to fund your account instantly and make future transactions faster.
  • Step 3 - Deposit Funds in Your Local Currency

    Deposit money into your Skrill account using your preferred payment method. Skrill supports over 40 different currencies, so you can fund your account in your local currency.
  • Step 4 - Go to the 'Crypto' Tab and Choose 'Exchange'

    In your Skrill dashboard, navigate to the “Crypto” section and select “Exchange.” This is where you can convert your deposited funds into Bitcoin or other cryptocurrencies.
  • Step 5 - Complete the Exchange Process

    Enter the amount of Bitcoin you wish to purchase, review the transaction details, and confirm your exchange. Your Bitcoin will be added to your Skrill crypto wallet instantly.

Buy Bitcoins with Skrill through BitPanda

BitPanda is an online exchange that accepts Skrill as a payment method. BitPanda accepts customers mainly from Europe. While logged into your account just go to “Buy” and make sure to choose Skrill as the payment option.

The only downside is that you can’t see how much you’ll be paying in fees directly. The fees are already incorporated inside the final amount.

Usually the fee BitPanda charges for Skrill is around 4%. This is the lowest premium I was able to find on the market.

Buy Bitcoins with Skrill through LocalBitcoins

Localbitcoins is an online marketplace for Bitcoins (kind of like eBay for Bitcoins). On the site you can find different sellers from around the world that will sell you Bitcoins using various payment methods.

In this case you’ll be working with individuals, and therefore should be much more careful.

It’s essential to choose a seller that accepts Skrill and has a good reputation to avoid getting scammed. Additionally, sellers on LocalBitcoins often charge a high premium for payment methods like Skrill. You can read our complete LocalBitcoins review for more details.

Buy Bitcoins with Skrill through Paxful

Paxful is very similar to LocalBitcoins. The site is also an online marketplace for buying and selling Bitcoins. On Paxful you’ll be working with individuals and not companies (just like LocalBitcoins) and it’s important to be selective of who you trust.

You can read my complete Paxful review here.

Buy Bitcoins with Skrill through SpectroCoin

SpectroCoin is an exchange and wallet provider that allows you to buy certain cryptocurrencies with Skrill including Bitcoin, Dash, Ethereum, XEM, Banker and Tether.

You can fund your account with Skrill, and the fees are around 3.5% with a max deposit of 5000 Euros. You can view the complete fee schedule here.

Here’s how to buy Bitcoin with Skrill on SpectroCoin

  • Step 1 - Sign Up to SpectroCoin

    Create an account on the SpectroCoin website by providing your email address and creating a secure password.
  • Step 2 - Activate Your Account

    Verify your registration by clicking the confirmation link sent to your email address. This activates your SpectroCoin account.
  • Step 3 - Click 'Deposit' and Select Currency

    Log in to your SpectroCoin account, go to the “Deposit” section, and choose your preferred currency—EUR, GBP, or USD.
  • Step 4 - Select Country and Deposit Amount

    Choose your country from the list, then enter the amount you wish to deposit using Skrill as your payment method.
  • Step 5 - Log in to Skrill and Click 'Pay Now'

    You’ll be redirected to Skrill’s payment page. Log in to your Skrill account, review the transaction details, and click “Pay Now” to confirm the deposit.
  • Step 6 - Go to 'Exchange'

    Once the deposit is complete, navigate to the “Exchange” section in your SpectroCoin dashboard.
  • Step 7 - Select 'Pay Currency' and Input Exchange Amount

    Choose your payment currency (EUR, GBP, or USD) and enter the amount you want to exchange for Bitcoin.
  • Step 8 - Click on 'Exchange'

    Review the exchange details and click “Exchange” to proceed with the Bitcoin purchase.
  • Step 9 - Review and Confirm the Order

    Double-check your transaction summary, then click “Confirm” to finalize your Bitcoin purchase on SpectroCoin using Skrill.

Buy Bitcoin with Skrill through Paybis

Paybis is a user-friendly intuitive cryptocurrency exchange allowing users to easily buy Bitcoin with Skrill. The UK based exchange aims to take away the complications of buying cryptocurrencies combined with a clear fee structure and helpful customer support.

You can use GBP, EUR and USD to purchase Bitcoin using Skrill however you will be charged fees of over 2.95% for its convenience.

You can read my full Paybis review here.

Conclusion

If you’re looking to use Skrill to purchase Bitcoins, things are relatively simple. If you’re just in it for investment purposes, you can either go directly with Skrill’s service or through Bitpanda if you actually need access to your coins.

It seems like Skrill is very serious about getting into cryptocurrency. In the near future, we might see them expand their services to other countries and allow users to access their coins.

See Also:

FAQs

Is Using Skrill Safe?

Expand

Unlike PayPal, Skrill does not offer buyer protection. Meaning if you get scammed you’re basically on your own. Therefore it’s important to pay with Skrill only to trusted exchanges.

References:

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