Skrill Bitcoin – the perfect combination to buy/sell coins and earn money with it.
Bitcoin has become popular during the past years, and most of you will most likely have already used it at some point, but maybe not in combination with your Skrill account. However, your Skrill account can be used to buy and sell Bitcoins, and you can also deposit Bitcoins directly into your Skrill account.
With our quick guide, we want to show you how easy that is and how to become Skrill VIP faster by buying Bitcoins.
Let us have a look at the details.
Skrill Bitcoin – How to deposit Bitcoins to Skrill
Uploading Bitcoins to your Skrill account is a fast and easy process. We will show you how you can upload up to 500 EUR in Bitcoin to your account and start using it directly.
- Choose deposit option
Click the “Upload” button in your account. A new window will appear showing you all available deposit options for your account. Choose “bitcoin – Instant Upload” and click the “Continue” button on the bottom.
(Choose deposit option)
- Choose your deposit amount
During the next step, you have to enter the amount you would like to deposit. The standard limit is 500 EUR with a fee of 1%, but the limit can also vary depending on your country of residence or your verification status. If your account is not fully verified yet, we highly recommend verifying your account first to increase your limits. Just follow our Skrill verification guide to verify your account within one business day.
(Enter amount)
- Transfer from your Bitcoin wallet
You will now be redirected to the bitpay payment processing page where you receive all information to finish the process. You can use the shown barcode or use the “copy payment URL” link to copy the link, which you can use in your Bitcoin wallet to make the transfer. Please make sure to enter the correct Bitcoin amount to avoid any problems with the process.
(Process the payment)
- Wait for the payment to be processed
Once you made the transfer, the window disappears, and you will be redirected to your Skrill account overview page. It can take from minutes up to 1 business day for the payment to be available in your Skrill account, but usually, it will not take longer than a few hours. The status of your payment is shown in your transaction history as “pending” now until it was fully processed.
(Pending transfer)
Please note, you will not be able to withdraw your Bitcoin deposit with your Skrill MasterCard or withdraw it directly to your bank account. You can only use it to deposit to merchants like poker sites, bookmakers, casino sites etc.
Skrill Bitcoin – How to buy Bitcoins with Skrill
You have two options to buy Bitcoins, you can use our trusted partner Bitpanda or you can buy through Skrill directly. Let’s have a look at both options and the details about the process.
Bitpanda
Bitpanda is one of Europas most robust and most reliable Bitcoin trading platform, and we are happy to have them as a partner at our side. Therefore we highly recommend creating an account there and use it to buy your Bitcoins.
Just make sure to fully verify your Skrill account as well as your Bitpanda account before you start to increase all your limits and remove all restrictions. Keep in mind that buying Bitcoins with Skrill is limited to mostly European countries, whereas selling Bitcoin for Skrill funds is possible worldwide.
Let’s have a look at the process to show you how easily you can buy your first coins. Please keep in mind that your transactions also count for the Skrill VIP status.
- Hit the “deposit” button at the top of the page
Once you have clicked the deposit button, you can choose which of your currency accounts you want to use to deposit your funds.
(Choose your wallet)
- Choose your preferred payment option
The next step will show you all the available payment options for your account. Just choose “Skrill” to move on with the process and enter the amount you want to deposit.
(Choose payment option)
- Summary & Confirmation
Bitpanda will show you the overview of these transactions, including the fee for your deposit.
- Phone or SMS Verification
The last step is another verification step to increase the security level even more. You can choose to get a phone call to your phone (the number needs to be provided during the verification process) or a text message. So, no one can use your Bitpanda account without also having your phone, which will protect you even if your password gets stolen, for example.
(Overview & Confirmation)
- Skrill account details
The final step is to enter your Skrill account details and confirm the transaction one last time. Bitpanda will then process the payment, and it should be available in your account within minutes usually.
Cryptocurrencies have become a significant factor for many people, and we are sure the acceptance and popularity will even more increase. Bitpanda offers you a safe and secure way to start your way into the crypto market. In combination with our Skrill Bonus Program, you can benefit even more and earn our monthly bonus or become a Skrill VIP member faster.
Buy Cryptocurrencies with Skrill directly
Almost all Skrill customers are now able to exchange their account balance to cryptocurrency. However, this service is not available to all countries yet. Please check the Skrill Cryptocurrency page to find out if it is available to you already.
What currencies you can buy
Currently, you can buy the following cryptocurrencies with your Skrill account balance:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Litecoin (LTC)
According to Skrill, more currencies will be available soon, but the major currencies are available already, which is an excellent step since cryptocurrencies will become more and more critical.
The minimum amount you need to buy is 10 EUR (or equivalent in your currency), and the maximum amount depends on your account status and limits. To check for individual limits, please log in to your account and check your account limits. Please keep in mind, to increase your limits, your account should be fully verified first. If you have not done it yet, you can use our fast verification service. Your account will be verified within one day, and your limits increased.
Fees & rates for buying Cryptocurrencies
The fee for these transactions depends on your account currency, and they use very competitive rates compared to the average market rates:
- 1.50% – EUR / USD
- 3.00% – All other currencies
More details, information, and an in-depth review of the process you can also find in our Skrill Crypto Review.
You don’t have an Skrill account yet? Sign-up now and enjoy all benefits and start buying cryptocurrencies with your account balance.
Skrill Bitcoin – How to sell Bitcoins with Bitpanda
Bitpanda is not only a great platform to buy coins, you can also use it to sell your coins. Like buying this process is also fast and simple and within minutes you can turn your coins into cash. However, Skrill also added an option to sell cryptocurrencies directly from your account which might be an alternative for some of you.
Please take a look at our quick overview to get a feeling for the process for both options.
Bitpanda
- Check the current rates
The dashboard gives you an overview of the current rate you can sell your coins for. Please keep in mind that this is the current market price, and it can change depending on several factors.
(Market Rates)
- Click the “Sell” button of the Coin you want to sell
Once you hit the sell button, you will receive an overview of your available wallets where after you will receive your money after the transfer. Of course, you cannot sell LTC only. Bitpanda offers you the chance to sell a lot of different coins, and you can choose your preferred one.
(Choose your wallet)
- Overview and confirmation
The next step will show you an overview of the coins you have chosen, the currency wallet where you want to receive the money, and the number of coins you wish to sell, including the converted amount in your currency. Click the Agree button to accept the contract for this transaction and continue with “Sell now”.
(Final Overview & Confirmation)
- Phone or SMS Verification
The last step is another verification step to increase the security level even more. You can choose to get a phone call to your phone (the number needs to be provided during the verification process) or a text message. So, no one can use your Bitpanda account without also having your phone, which will protect you even if your password gets stolen, for example. - Receive the money in your account
That’s it. Bitpanda takes care of the transfer now, and you will receive the payment for your coins directly into your Bitpanda wallet, where you can choose to withdraw your funds to your Skrill account or use them to buy Bitcoin, Litecoin, etc.
(Account overview with money received)
As you can see, the process is fast and easy, and with Bitpanda, you have a trustworthy and reliable partner at your site where you can be sure that your funds are safe at any time.
If you have any questions about this, please do not hesitate to contact us . We are happy to help.
Sell Cryptocurrencies with Skrill directly
Like buying cryptocurrencies with your Skrill account, you can sell the same currencies with your account if the option is already available to you. Please check the Skrill Cryptocurrency Page to check which countries are already added to use this option. Once again, the currencies you can trade with your account:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Litecoin (LTC)
The funds will appear in your account seconds after the confirmation was received, and you can use your balance to deposit to any merchant again or to withdraw through any available option.
Your limits depend on your account status and if your account is verified or not. Therefore we highly recommend using our fast Skrill verification service to get verified within one day.
Fees & rates for selling Cryptocurrencies
The fee for selling your cryptos depend on your account currency, and Skrill will use a competitive market rate for the exchange:
- 1.50% – EUR / USD
- 3.00% – All other currencies