How to Buy Crypto With Skrill [2024] (2025)

Summary:While Skrill does offer cryptocurrency services directly through its app, it should be noted that buying crypto through the Skrill app is among the most costly methods out there.Therefore, to buy crypto with Skrill, we suggest investors sign up with a reputable multi-asset investment platformeToroand deposit funds through the Skrill app. After testing more than ten other trading platforms, we found it to be the best choice, as it offers lower trading fees, a wide selection of digital assets, and is trusted by over 30 million customers.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Can you buy crypto with Skrill?

Yes, the Skrill app allows customers to trade 40 different digital currencies through a range of deposit methods, but itscryptocurrency service isn’t regulatedby the Financial Conduct Authority (FCA), and users will incur multiple fees when trading cryptocurrencies through their platform. Therefore, a better option for buying crypto with Skrill is to use it as a funding method to deposit money to licensed cryptocurrency exchanges regulated by the FCA.

How to buy crypto with Skrill?

The best and most inexpensive way to buy crypto with Skrill is through a trusted broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as Copy Trading, which enables users to copy top-performing crypto traders, in addition to a custom watchlist, as well as advanced charts and technical analysis tools.

How to buy crypto with Skrill: Step-by-Step

You can buy crypto in just a few minutes with four simple steps:

  • Step 1: Create an account on eToro and complete your verification (personal or company);
  • Step 2: Enter the USD/GBP/EUR amount you want to deposit on the eToro platform;
  • Step 3: Connect Skrill to deposit your selected fiat currency;
  • Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

About Skrill

Skrill is an online payment system and electronic wallet established in 2001. The digital wallet is available in 40 currencies and operates in 131 countries. It also offers various online payment and money transfer services, ATM withdrawals, prepaid debit cards, and even cryptocurrency services.

How to Buy Crypto With Skrill [2024] (3)

Customers can add funds to their Skrill account using multiple payment options, such as credit or debit cards, bank transfers, prepaid cards, etc. Once the funds have been deposited, they can be used for online payments, purchasing cryptocurrency, or transferring funds to other accounts.

Note that Skrill applies various fees for its services, such as transaction and currency conversion fees, for which you can find detailed information here.

Note

Skrill is operated by two companies: Paysafe Payment Solutions Limited, based in Ireland and regulated by the Central Bank of Ireland for its European activities, and Skrill Limited, based in the UK and regulated by the FCA for its activities outside the European Economic Area. However, unlike the e-money and payment services, cryptocurrency services offered by Skrill are not currently regulated by the FCA.

Skrill crypto policy

Skrill is crypto-friendly and provides cryptocurrency services directly from its platform through partnering with third-party crypto exchanges. While it may seem like a convenient way to buy digital assets, it’s worth noting that the fees can get pretty steep. Therefore, Skrill crypto users should explore other options to buy Bitcoin or other cryptocurrencies.

Instead, to maximize the value of your funds when buying cryptocurrencies, it’s cost-effective and secure to use it as a funding method on viable platforms such as eToro. Not only do they offer lower fees, but their crypto trading platform is also superior.

How to buy crypto safely

Cryptocurrencies, as a relatively new and untested territory, are subject to high speculation and drastic price swings. This renders them considerably more precarious than conventional asset classes such as stocks or bonds. Additionally, the crypto sphere is rife with scams, frauds, and scandals, which further emphasize the importance of caution when starting out.

Tips when starting out with crypto

Fortunately, there are strategies you can employ to safeguard both yourself and your hard-earned cash, such as:

  • Research the asset: Understand your chosen crypto;
  • Use a secure device: Use your personal computer with a VPN for a safe connection, avoiding public Wi-Fi and computers;
  • Pick a reputable exchange: Choose an exchange licensed by regulators in your country with a good track record. Read user terms and reviews for safety;
  • Secure your account: Protect your account with two-factor authentication and a strong password;
  • Choose the right wallet: Store your crypto in a secure hot (online) or cold (offline) wallet. For guidance, refer to our guide on crypto wallets;
  • Invest wisely: Only invest what you can afford to lose due to market volatility. Check out our guide on investing mistakes to avoid;
  • Monitor investments: Stay updated on market changes and the price of the cryptocurrency you’re investing in.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy crypto with Skrill:

How to buy crypto with Skrill?

You can buy crypto with Skirll directly from its app or use Skrill to deposit funds to a licensed third-party cryptocurrency platform.

Can you buy crypto with Skrill?

You can buy crypto with Skrill, either directly from its platform or through a licensed third-party crypto broker.

What crypto exchanges does Skrill allow?

Customers can deposit funds from their Skrill account to licensed cryptocurrency exchanges to buy crypto.

What is Skrill's crypto policy?

Skrill offers cryptocurrency services directly through its platform. In addition, Skrill allows its customers to use its services to buy, sell and trade digital assets through regulated exchanges.

How to Buy Crypto With Skrill [2024] (2025)

FAQs

How to buy crypto with Skrill? ›

Visit the Trade tab of the Crypto section in your Skrill account. Select Buy with Instant order. Select the cryptocurrency you wish to buy and enter the spend/receive amount. If the entered amount, is below the minimum, it will be displayed onscreen.

How to start investing in cryptocurrency in 2024? ›

Before you can begin investing in crypto, you must ensure funds are available in your account. You can add money to your account through various methods, including connecting it to your bank, initiating a wire transfer or using a debit or credit card for payment.

How to use Skrill to buy USDT? ›

Start by signing into your NoOnes account or clicking "Create account" to register a new one. Once inside, click "Buy Tether" and select Skrill as your payment method.

Can I send crypto from Skrill to another wallet? ›

You can send money from your available Skrill Fiat balance to an external crypto wallet by following these steps: Visit the Withdraw section in your Skrill account and select Crypto Wallet.

Can Skrill be used as a crypto wallet? ›

Please note that while Skrill is a digital wallet offering a variety of crypto services, you cannot create a crypto wallet within your Skrill account. You can use your Skrill account to withdraw fiat money (such as EUR, USD, etc.) to a third-party crypto wallet you have created.

Can I send crypto from Skrill to Coinbase? ›

Coinbase does not support direct transfers from Skrill. Coinbase allows users to deposit funds using various methods, such as bank transfers, debit/credit cards, and cryptocurrency transfers. However, Skrill is not listed as one of the supported deposit methods on Coinbase.

Which crypto will skyrocket in 2024? ›

Which crypto will boom in 2024? Cryptos that could boom in 2024 include Render Token (a rendering network) and Solana. Bitcoin and Ethereum could also be poised for strong performances in 2024, thanks to the SEC's approval of Bitcoin ETFs and Ethereum ETFs.

What is the best crypto app for beginners? ›

Coinbase is our choice for the best cryptocurrency exchange for beginners. The site offers an appealing user experience and is easy to navigate on the desktop and mobile app, which investors will appreciate. It offers a large number of supported cryptocurrencies, strong security, and advanced trading.

How to buy cryptocurrency for beginners? ›

Visit a crypto exchange website. Create an account and verify your identity as required. Follow the website's instructions to buy your cryptoassets, such as Bitcoin (BTC) and Ether (ETH). Your purchased cryptocurrency will appear in your exchange account.

How to trade with Skrill? ›

Funding your wallet: Deposit funds into your Skrill wallet through various payment methods, including by bank transfer and card payment. 4. Selecting a forex trading platform: Pick a reputable forex trading platform that accepts Skrill, considering aspects like security, user interface, and customer service.

How to withdraw money from Skrill? ›

How to withdraw money to my bank account?
  1. Go to the Withdraw section of your Skrill account.
  2. Click Withdraw Now under Bank Account.
  3. Choose a bank account and click Next. ...
  4. Enter the amount and click Next. ...
  5. A summary page with your withdrawal information will appear.

How to create Skrill wallet? ›

Once on the Skrill website, click on the “Register” button on the top right corner of the page. 2. Fill in your details by entering your name, email address, country of residence and currency. Also create a password, ensuring it's complex for extra security.

Where can I use Skrill to buy crypto? ›

Using Skrill, you can buy Bitcoin and other cryptocurrencies on CEX.IO within a few simple steps.

How to withdraw USDT to bank account? ›

Step-by-Step Guide On How To Withdraw USDT
  1. Select a Trusted Exchange.
  2. Transfer USDT to Your Exchange Wallet.
  3. Sell USDT for Fiat.
  4. Provide Your Bank Account Details.
  5. Initiate Withdrawal.
  6. Verify and Confirm.
May 20, 2024

Where to use Skrill? ›

The Skrill Visa® Prepaid Card is a physical payment instrument that you can use to shop online or in store anywhere where Visa® is accepted.

Is Skrill safe for crypto? ›

We never let another individual or third party borrow or earn interest on your bitcoin, or any other cryptocurrency you have purchased an interest in via Skrill. This means you have full access and control of your portfolio.

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