Users of the digital payment platform Skrill can instantly buy and sell cryptocurrency directly from their accounts. Moreover, transactions take place at competitive rates compared to market averages, according to the platform. The function is available both on its website and in the mobile app. Clients can choose to buy or sell Bitcoin and altcoins, including Ethereum, Litecoin, Cardano, and others.
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With over 100 available payment methods, funding a Skrill account is easy. After purchasing their first cryptocurrency, users can manage their portfolios in real-time. The platform also allows placing conditional orders on cryptocurrency buying. Thus, Skrill automatically buys or sells the chosen asset with the set triggers.
What Cryptocurrencies Are Available?
Crypto buy and sell transactions happen instantly. The platform converts users’ balances in fiat currencies into digital assets. Clients can exchange 40 different currencies to Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Litecoin, Chainlink, Cardano, Stellar Lumens, 0x, Tezos, EOS, and OMG Network, with more crypto to be added in the future. Moreover, users who already hold Bitcoin in their Skrill accounts can also exchange it to Dash, Cosmos, and Kyber. It is worth noting that cryptocurrency support is not yet available to Skrill users in certain countries.
Limits and Fees
Skrill’s FAQs suggest that the minimum amount of crypto purchase is about EUR 10. On the other hand, the maximum amount depends on the user’s transaction limits. After the transaction is completed, it only takes a few seconds to receive crypto in the account. For each cryptocurrency transaction, users pay a relevant fee. Users pay EUR 0.99 for each transaction of up to EUR 19.99 and EUR 1.99 for each transaction between EUR 20 and EUR 99.99. Clients pay 1.5% per transaction if they transact over EUR 100 and 0.5% for each P2P transaction.
Skrill Cards and Rewards
Skrill provides cryptocurrency buying and selling services thanks to its partnership with crypto exchanges. It is a digital payment platform that allows clients to send and receive money instantly anywhere in the world. Moreover, users can pay for products and services online and offline with Skrill Prepaid Mastercard or Skrill Virtual Prepaid Mastercard.
Clients who use their Skrill accounts frequently can also take part in rewards programs from the platform. For instance, they can join the loyalty program Knect to earn points and exchange them for cash rewards, become VIP members or affiliates.