How to Buy Bitcoin with Skrill: A Guide For Beginner Traders 

 July 7, 2021

By  Brian Forester

Skrill (firmly known as MoneyBookers) is an e-commerce service that you use for online purchases. The system is pretty much like Paypal – it provides individual and business services. One of such services is the ability to buy bitcoin (BTC) and other cryptocurrencies. In this guide, you will learn how to buy Bitcoin with Skrill.

For easier navigation, use the table of contents:

  • An introduction to the Skrill payment platform
  • How to buy Bitcoin with Skrill (directly)
  • How to buy Bitcoin w/ Skrill through third-party platforms (LocalBitcoins, Paybis, Paxful, Bitpanda, SpectroCoin)
  • A quick recap
  • Conclusion
  • Frequently Asked Questions

An Introduction to Skrill

Skrill is a Paypal-like online payment service. With Skrill, you can transfer money between Skrill accounts. While operating in a quite similar way to Paypal, Skrill, however, has fewer regulations and is more user-friendly. To register a Skrill account, you will need just an email address. You will also need to provide your Bitcoin wallet address, as well.

Skrill has many payment methods, including making online payments with a bank account, paying via credit card, debit card transactions, depositing with Bitcoin (BTC), Bitcoin Cash (BCH), Neteller transactions.

Account management

When you have registered your account on Skrill, you should log in at least once within a year to let the system know that your account is active. As long as you’ll be doing so, there will be no account maintaining fees from Skrill. For more details on in-system fees, follow the link.

The Skrill app

Skrill also has a mobile application for Android and iOS. With the Skrill app, people get access to a number of payment functions wherever they are at the moment. For instance, people can buy/sell cryptocurrency.

Where is Skrill available?

You can use Skrill as an online payment method in most countries across the globe with the following exceptions:

  • Afghanistan
  • Angola
  • Barbados
  • Benin
  • Burkina Faso
  • Cape Verde
  • Comoros
  • Crimea
  • Cuba
  • Djibouti
  • Eritrea
  • Faroe Islands
  • French Polynesia
  • The Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guyana
  • Iran
  • Iraq
  • Japan
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Libya
  • Macao
  • Martinique
  • Namibia
  • New Caledonia
  • Niger
  • North Korea
  • Palau
  • Reunion
  • Samoa
  • North Sudan
  • South Sudan
  • Suriname
  • Syria
  • Tajikistan
  • Togo
  • Turkmenistan

How to Buy Bitcoin with Skrill

With Skrill, customers can buy a number of cryptocurrencies directly from their accounts. However, such purchases can only be made only if customers are planning to make investments. What this means is that coins you buy through the Skrill payment platform cannot be transferred to your cryptocurrency wallet. The only option available with such a purchase is converting bitcoins (or another supported cryptocurrency) to fiat money in order to withdraw the Skrill funds to a credit/debit card or a bank account.

Cryptocurrencies that you can invest in via Skrill include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic, Litecoin (LTC), Ripple (XRP), EOS (EOS), 0x (ZRX), Tezos (XTZ), Stellar (XLM), Dash (DASH), Kyber Network (KNC).

Investing in bitcoins (and other cryptocurrencies) through Skrill is great because the platform has some of the lowest fees. But you must keep in mind that you won’t be able to use the purchased crypto coins unless you convert them into fiat money (USD, EUR, etc.).

Skrill fees (for EUR transactions)

  • Skrill charges a fiat currencies deposit fee that amounts from 0% to 1%
  • The Fiat-to-crypto exchange fee is 1.5%

NOTE: The fees can reach 5.5% if you’re using your domestic currency.

How to purchase BTC through Skrill

  • Enter your Skrill account
  • Deposit funds your local fiat currency
  • Navigate to the Crypto tab and choose the Exchange option
  • Proceed with the cryptocurrency exchange process

Buying Bitcoin with Skrill through Third-Party Platforms

If you don’t want to just invest in cryptocurrencies but rather plan to be able to buy and sell cryptocurrency, you can use Skrill as a payment method for cryptocurrency transactions on a number of exchange platforms supporting Skrill.

In this section, we will look at the five cryptocurrency platforms where you can use cryptocurrency like BTC with Skrill.


  • Skrill warns its clients about the market risk of purchasing altcoins. Since cryptocurrencies are highly volatile in price and mostly are not regulated anywhere in the world (no EU protections, no EU regulatory framework supervision, etc.), buyers should take their own responsibility when engaging in cryptocurrency purchasing and mind high risks of losing money.

Buying Bitcoin with Skill on LocalBitcoins

LocalBitcoins is a virtual cryptocurrency exchange platform. Often, users compare it with an eBay online market, with the main difference being that on LocalBitcoins, you can only buy Bitcoins. This site serves as a global marketplace for cryptocurrency sellers. Customers can purchase Bitcoins via a number of payment methods.


  • When buying bitcoin on Localbitcoins, you will be making payments to an individual seller. This means you must be more careful to avoid scammers.
  • Make sure that the seller you’ve chosen accepts Skrill payments and has a positive reputation.
  • Another thing you must take note of is that a LocalBitcoins seller will charge a high exchange fee for a Skrill transaction, so the overall price will be much higher than you might expect.

For more details on how to buy bitcoin on the LocalBitcoins marketplace, follow the link.

Buying Bitcoin with Skrill on Paybis

Another place to buy bitcoin with Skrill payments is Paybis.

Paybis is a client-oriented virtual cryptocurrency platform. Among its best features are an articulate fee policy and a high-quality customer support service. Paybis is located in the UK, and its service is available in most EU countries. On the Paybis platform, you can buy BTC with EUR, GBP, and USD. For each transaction, Paybis will charge over 2.95%.

For more information about Paybis, read the complete review of the platform.

Buying Bitcoin with Skrill on Paxful

Paxful is another virtual market where people can buy and sell crypto coins, including Bitcoin. Just as with LocalBitcoins, when buying bitcoins on Paxful, you’re dealing with individual sellers. So pay attention.

Read more about Paxful here.

Buying Bitcoin with Skrill on Bitpanda

Bitpanda is a good place to buy bitcoin for clients from European countries. If you are a Bitpanda user, with Skrill, you will be able to buy bitcoin instantly. However, there is something we must warn you about:

  • Bitpanda does not inform you of how much fees you are charged – the fees are included in the final price.

Usually, Bitpanda’s Skrill charges reach approximately 4%. The goods news is that this is the lowest fee on the crypto market today.

Buying Bitcoin on Spectrocoin

On SpectroCoin, you can buy Bitcoin, Ethereum, XEM, Dash, Banker, and Tether crypto coins using Skrill. Another service SpectroCoins provides is a wallet to store your funds in. When using SpectroCoins, you can deposit EUR, USD, and GBP. Withdrawals are only possible in two currencies – USD and EUR. The maximum deposit amount is 5,000 EUR. For each transaction, SpectroCoin will charge you 3.5%. For more details on the SpetroCoin fee policy, follow the link.

SpectroCoin is available in most EU countries, globally, and the minor outlying islands of the USA.

This is a step-by-step instruction on buying bitcoin on SpectroCoin:

  • Register and log in
  • Activate your account with the security email
  • Hit the Deposit button and choose the currency (USD, EUR, GBP)
  • Specify your country
  • Choose how much money you wish to deposit
  • Go to Skrill to log in and then hit the Pay Now button
  • Navigate to Exchange and then to the Pay Currency tab
  • Enter how much money you want to transfer
  • Confirm the operation

Other Platforms

The five platforms mentioned above are not the only places to buy cryptocurrencies with Skrill. You can also use Skrill as a payment method for depositing on various altcoin brokerage platforms like Coinbase, Binance, or eToro (eToro USA LLC, eToro UK Ltd., eToro Europe LTD.).

A Quick Recap

1) Skrill is an online payment platform. Using Skrill, you can buy Bitcoin directly through the website, or you can use your Skrill account to pay for cryptocurrencies through this service.


  • If you buy cryptocurrencies from Skrill, you will not be able to use them since Skrill only sells you Bitcoin (or any other supported cryptocurrency) for investment purposes only. This means that you will not be able to withdraw these funds unless you choose to convert the purchased cryptocurrency to fiat (USD, EUR).

2) To register and use Skrill, you only need an email address and a credit card. You will need to provide the system with your bitcoin wallet address.

3) Skrill has a number of extra payment methods (aside from credit/debit cards): bank transfer, Neteller, BTC, BCH.

4) Making a transaction in Skill:

  • Enter your Skrill account
  • Add your credit/debit card (or you can use one of the other supported payment methods)
  • Deposit money in your domestic fiat money
  • Navigate to the Crypto tab and hit the Exchange button
  • Proceed with the transaction

5) Skrill charges low fees:

  • Fees for fiat deposits are 0%-1%
  • The fiat-cryptocurrency converting fees are 1.5%

However, we must remind you that fees for users who deposit with other fiat money than EUR will reach about 5.5%.


Skrill is a simple way of buying cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.) – whether for investment purposes or to use the coins in the future. Recently, the Skrill team has done some serious job in the cryptocurrency direction. This means that we can hope to see them upgrading their service, making it available in more countries, and providing users more functions and in terms of buying cryptocurrencies through the platform.


What can I buy with Skrill?

Skrill is a payment service that allows users to pay for a variety of products and services online using their Skrill accounts. Making a payment with Skrill is quite similar to paying with Paypal. However, Skrill is a more client-friendly platform with fewer regulations. With a Skrill wallet, users get instant access to their money and can deposit their funds for multiple purposes or withdraw them to their credit/debit cards. For instance, with Skrill, you can buy cryptocurrency or engage in cryptocurrency margin trading on virtual brokers like eToro (eToro USA LLC, eToro UK Ltd., eToro Europe LTD.)

Is Skrill safe?

Unfortunately, Skrill does not provide customer protection. This means that the platform will not be able to help a customer should they fall victim to scam. So the full responsibility goes to a customer.

However, Skrill warns its clients to pay attention during their payment operations. Especially when it comes to purchasing cryptocurrencies. Skrill warns each user of certain market risk when buying altcoins. The altcoins market is highly volatile and unregulated in most countries – no EU protections, no EU regulatory framework supervision, etc.

How to buy Bitcoin with Skrill at SpectroCoin?

If you want to purchase Bitcoin at SpectroCoin using a Skrill payment, do the following:

  • Register and log in
  • Activate your account with the security email
  • Hit the Deposit button and choose the fiat currency (USD, EUR, GBP)
  • Specify your country
  • Choose how much money you wish to deposit
  • Go to Skrill to log in and then hit the Pay Now button
  • Navigate to Exchange, and then hit the Pay button
  • Enter how much money you want to transfer
  • Confirm the transaction

How to send money from Skrill to Bitcoin wallet?

When you decide to withdraw funds from Skrill to Bitcoin wallet, do the following:

  • Go to Skrill
  • Log in to your account
  • Choose the CryptoWallet section
  • Specify how much you want to withdraw
  • Specify the wallet address
  • Proceed with the withdrawal

Brian Forester

Brian is an experienced journalist and crypto enthusiast. Founder of CryptoCurry - famed for his insightful input on the future of cryptocurrencies and blockchain technologies.

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