Navigating the world of cryptocurrency for the first time can feel overwhelming—especially when it comes to choosing the right payment method. If you're looking for a fast, secure, and user-friendly way to enter the crypto market, Skrill stands out as a trusted digital wallet option. With its global reach and integration across multiple platforms, Skrill makes buying crypto simple for beginners and experienced users alike.
In this comprehensive guide, we’ll walk you through everything you need to know about using Skrill to purchase digital assets like Bitcoin, Ethereum, Ripple, and more. We’ll cover supported coins, step-by-step buying instructions, exchange compatibility, and important limitations—all while helping you avoid common pitfalls.
Whether you're investing for the long term or testing the waters, understanding how Skrill fits into your crypto journey is essential.
Getting Started: Can You Buy Crypto with Skrill?
Yes—you can absolutely buy cryptocurrency with Skrill. The platform allows direct purchases of several major digital currencies through its built-in crypto marketplace. This feature is available to users in most regions (subject to local regulations), making it one of the fastest ways to get started.
Skrill supports instant transactions via:
- Credit or debit cards
- Bank transfers
- Existing Skrill account balance
Once verified, you can begin investing in minutes without needing a separate exchange account—though that option remains available for greater flexibility.
👉 Discover how easy it is to start your crypto journey today.
Which Cryptocurrencies Can You Buy with Skrill?
Skrill offers direct access to a curated list of popular cryptocurrencies. While not as extensive as full-scale exchanges, the selection covers many top-tier assets ideal for beginners and intermediate investors.
Here are the digital currencies currently available for direct purchase on Skrill:
- Bitcoin (BTC) – The original and most widely adopted cryptocurrency
- Ethereum (ETH) – Powering smart contracts and decentralized applications
- Litecoin (LTC) – Known for fast transaction times and low fees
- Ripple (XRP) – Designed for cross-border payments
- Bitcoin Cash (BCH) – A fork of Bitcoin with larger block sizes
- Ethereum Classic (ETC) – The original Ethereum chain following a 2016 split
- EOS (EOS) – Focused on scalable dApps and developer tools
- Stellar (XLM) – Bridging traditional finance and blockchain technology
- Tezos (XTZ) – A self-amending blockchain with on-chain governance
- 0x (ZRX) – Enabling decentralized token exchange protocols
- Dash (DASH) – Emphasizing privacy and instant transactions
- Kyber Network (KNC) – A decentralized liquidity protocol
These options provide solid diversification potential across different use cases—from payments to decentralized finance (DeFi).
How to Buy Bitcoin with Skrill: Step-by-Step
Buying Bitcoin through Skrill is straightforward and takes just a few minutes.
Step 1: Log In to Your Skrill Account
If you don’t have one yet, sign up at skrill.com using your email address and create a password.
Step 2: Verify Your Identity
To comply with anti-money laundering (AML) regulations, complete identity verification by uploading a government-issued ID and proof of address.
Step 3: Fund Your Skrill Wallet
Add funds using a credit/debit card, bank transfer, or other supported method.
Step 4: Navigate to the “Crypto” Tab
On the left sidebar of your dashboard, click Crypto.
Step 5: Select Bitcoin (BTC)
Enter the amount you’d like to purchase in either BTC or your local currency.
Step 6: Confirm the Transaction
Review exchange rates and fees, then confirm your purchase.
Within seconds, your Bitcoin will appear in your Skrill wallet. From here, you can hold it, trade it for another cryptocurrency, or cash out to your bank account.
⚠️ Important Note: Depending on your region, Skrill may restrict sending crypto to external wallets. In many cases, you can only trade within the Skrill ecosystem or withdraw funds as fiat currency.
Where Else Can You Use Skrill to Buy Crypto?
While Skrill offers direct crypto purchases, its selection is limited compared to major exchanges. If you're looking to buy altcoins not listed on Skrill—or want more control over storage and trading—you can use Skrill as a funding method on third-party exchanges.
Several reputable platforms accept Skrill deposits, allowing you to transfer funds quickly and securely.
Popular exchanges that support Skrill include:
- eToro – Social trading platform with broad crypto support
- Paybis – Instant KYC and wide range of purchasable coins
- $impleFX – User-friendly interface with competitive rates
- BitPanda – Europe-based exchange with strong regulatory compliance
Using Skrill on these platforms typically involves:
- Creating an account on the exchange
- Selecting Skrill as your deposit method
- Transferring funds from your Skrill wallet
- Purchasing any available cryptocurrency
This approach gives you access to hundreds of additional tokens while still leveraging Skrill’s fast funding capabilities.
👉 See which platforms let you turn Skrill funds into diverse crypto portfolios.
Frequently Asked Questions (FAQ)
Q: Can I send Bitcoin from Skrill to an external wallet?
A: In many regions, Skrill does not allow transfers to external crypto addresses. You can buy, sell, and trade within the platform, but withdrawals are often limited to fiat currency sent to your bank account.
Q: Does Coinbase accept Skrill as a payment method?
A: No, Coinbase does not accept Skrill. You cannot link your Skrill account or use it to deposit funds on Coinbase.
Q: Are there fees for buying crypto with Skrill?
A: Yes. Skrill charges a spread (difference between buy/sell price) rather than a flat fee. This can range from 1% to 3%, depending on the cryptocurrency and market conditions.
Q: Is Skrill safe for crypto transactions?
A: Yes. Skrill uses bank-level encryption, two-factor authentication (2FA), and complies with financial regulations in multiple jurisdictions, making it a secure option for handling digital assets.
Q: Can I sell crypto on Skrill and withdraw money to my bank?
A: Absolutely. After selling your cryptocurrency, you can transfer the resulting fiat balance directly to your linked bank account—usually within 1–3 business days.
Q: Do I own the crypto I buy on Skrill?
A: Technically, yes—but since private keys are managed by Skrill, you don’t have full custody. Your holdings are represented as contracts rather than blockchain-native assets in most cases.
How to Buy Ripple (XRP) or Litecoin (LTC) with Skrill
Purchasing Ripple (XRP) or Litecoin (LTC) follows the same process as buying Bitcoin:
- Go to the Crypto section in your Skrill dashboard
- Choose either XRP or LTC from the list
- Enter the amount you wish to buy
- Confirm the transaction
Both coins are fully supported for internal trading and cash-out options. However, again, transferring them to an external wallet may not be permitted depending on your location.
Alternatively, you can fund an exchange like eToro or Paybis via Skrill and purchase XRP or LTC there—with more flexibility over usage and storage.
Final Thoughts: Is Skrill Right for Your Crypto Goals?
Skrill is an excellent entry point for newcomers who want a fast, regulated way to invest in major cryptocurrencies. Its intuitive interface, strong security measures, and quick transaction times make it ideal for casual investors or those looking to diversify without technical complexity.
However, if you plan to explore DeFi, NFTs, or hold self-custody of your assets, pairing Skrill with a broader exchange ecosystem may be necessary.
By understanding both the benefits and limitations—such as restricted wallet transfers and limited coin selection—you can make smarter decisions about where and how to use Skrill in your crypto strategy.
👉 Unlock advanced trading features and expand your investment options now.