Buying Bitcoin with Skrill is a simple and convenient way to purchase Bitcoin. In the past, you’d have to use cryptocurrency exchanges + Skrill to do so.
Now, this can all be done on Skrill!
The fees associated with this method are higher than using a bank account, so consider using one if possible.
Below, we’ll compare and contrast your options for purchasing Bitcoin with Skrill.
| Exchange | Fees/Premium | Supported Countries |
|---|---|---|
| Bitpanda | 5% | Wherever Skrill is Accepted |
| LocalBitcoins | 8.5% | Wherever Skrill is Accepted |
Skrill
Skrill features over 100 payment methods that allow you to bring funds onto the platform. Once your account is funded, you’re free to purchase Bitcoin and other cryptocurrencies with Skrill.
Like all exchanges, we highly discourage the storage of cryptocurrency on exchanges for extended periods of time. Learn more about hardware wallets to understand why.
For fees, Skrill will charge no deposit fees but various fees depending on the nature of Bitcoin transactions. If you transact with another user on their exchange, then expect to pay .5% fees which are fairly low. By interacting directly with Skrill, you’ll pay 3x-6x more fees.
Bitpanda
Bitpanda will most likely be your best choice for purchasing Bitcoin with Skrill. While it’s somewhat unclear what fees Bitpanda charges on Skrill transactions, expect around 5%.
The reason why it’s hard to judge the fees is that that price typically has a premium, rather than a percentage fee.
Regardless, Bitpanda is easily the simplest and best way for you to buy Bitcoin using Skrill.
LocalBitcoins
Just like buying Bitcoin with Paypal, Skrill sellers on LocalBitcoins will often charge some pretty large premiums due to the risk involved. With that being said, buying Bitcoin with Skrill on LocalBitcoins is certainly doable…At press time, the price of Bitcoin is $3,720. The best offer on LocalBitcoins is currently $4026 which is equivalent to an 8.5% premium/fee. Please also note the incredibly low purchasing limits available. We’re not saying it’s impossible, just not recommended.
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