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How to buy Crypto or Bitcoin with Skrill

How to buy Crypto or Bitcoin with Skrill

Fact Checked
January 15, 2023
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Summary: You can buy Cryptocurrencies directly through the Skrill App by depositing USD via Credit Card, Debit Card, or Bank Transfer. That said, buying Crypto with Skrill is one of the most expensive methods to invest in the world.

This is why we recommend an alternative to Skrill like eToro that allows you to trade over 65 Cryptos for zero commissions, and they accept Skrill deposits.

Table of Contents

eToro - Best Skrill Crypto Alternative

Platform Highlights

  • Fast and cheap Euro, GBP, USD and other fiat currency deposits from Skrill App.
  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities with low fees.
  • Globally licesned and regulated platform with 18 million users across 180 countries.
Skrill - eToro
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Can I buy Cryptocurrencies with Skrill App?

The Skrill app on iOS and Android allows customers to buy or sell 40 different cryptocurrencies that include Bitcoin, Ethereum, Solana, Avalanche, Uniswap, Shiba Inu, and more. However, they are one of the most expensive ways to buy Crypto with fees of up to 2.49% per trade.

Their platform also has very wide spreads on their prices, which means that buying a coin like Ethereum is more expensive than the price on other platforms like eToro. For these reasons, we recommend avoiding Skrill and using a specialist digital asset trading platform for better trade execution.

buy Crypto Skrill
Skrill Crypto App.

How to buy Crypto with a Skrill Account

If you are looking for an alternative way to buy Cryptocurrencies through a Skrill account, we would recommend eToro. They offer fast and cheap Skrill deposits to trade over 65 cryptocurrencies and over 6,000 Stocks, ETFs, Commodities, Options, and more.

You can get started with this simple guide:

  1. Sign up to the eToro trading platform.
  2. Select the 'Deposit Funds' button at the bottom of your trading dashboard.
  3. Select 'Skrill' as your preferred deposit method and complete your money transfer.
  4. Find the asset you want to buy on the eToro platform and execute your trade.
buy stocks and crypto with skrill on etoro
Deposit USD, EUR, GBP or AUD via Skrill with eToro.

Can I withdraw Crypto from Skrill to Coinbase or other exchanges?

Skrill has recently enabled cryptocurrency withdrawals that will enable you to transfer your coins from your Skrill account to exchanges like eToro, Coinbase ,and Binance. This means if you don't want to use the Skrill platform anymore because of their expensive fees, you can transfer the coins into a different wallet.

You can transfer coins from Skrill with this short guide:

  • Log in to Skrill.
  • Select your Skrill Account and click "Withdraw" then "Crypto Wallet".
  • Select the coin you want to withdraw and the amount you want to withdraw.
  • Enter the destination address and confirm your withdrawal.

About Skrill

Skrill is a digital wallet that allows customers to make online payments. The Skrill App is available on both iOS and Android devices. Skrill offers customers a variety of services, including the ability to send and receive money, make online payments, and more. Skrill is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and relevant authorities in the USA and broader Europe.

Skrill App

You can add funds to your Skrill account by using a credit or debit card, bank transfer, or other methods. Once you have added funds to your account, you can then use those funds to make online payments, buy crypto, or transfer money to other accounts.

Skrill charges a variety of fees, including transaction fees, currency conversion fees, and more. You can find more information about Skrill's fees on their website.

Final Thoughts

Using Skrill to buy cryptocurrency can be a convenient way to get started in the crypto world, as it is easy to use and has a wide selection of coins. However, we recommend using an alternative like eToro for cheaper fees and better trade execution. With eToro you can deposit funds via Skrill, start trading cryptocurrencies with zero commissions, and easily withdraw your coins to other exchanges.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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