Skrill Crypto Review: Features, Fees, and How It Works

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Skrill is a well-known digital wallet that has expanded into the cryptocurrency space, allowing users to buy, sell, and hold digital assets directly within their accounts. With support for major cryptocurrencies like Bitcoin and widely used fiat currencies such as USD and EUR, Skrill offers a streamlined experience for those looking to enter the crypto market without navigating complex exchanges.

This review dives deep into Skrill’s crypto functionality—its features, limitations, fees, and overall usability—helping you determine whether it's the right platform for your digital asset needs.

Is Skrill a Good Option for Cryptocurrency?

Yes, Skrill can be a convenient choice for beginners and casual investors interested in crypto. One of its standout advantages is seamless integration: you can use your existing Skrill balance to purchase cryptocurrencies instantly, eliminating the need to link external wallets or transfer funds between platforms.

Key benefits include:

These tools make it easier to build a crypto portfolio over time—even if you're not actively monitoring price fluctuations.

👉 Discover how easy it is to start investing in crypto with an intuitive platform.

How to Get Started with Skrill Crypto

Getting started with Skrill’s cryptocurrency services is straightforward:

  1. Create a Skrill Account: Sign up for free at skrill.com or through the mobile app.
  2. Complete Verification: Provide personal details and verify your identity—this step is required to unlock full features.
  3. Access the Crypto Section: Once verified, navigate to the "Crypto" tab in your dashboard.

Availability depends on your region. If the “Crypto” section appears in your account, your country is supported. However, note that Skrill has discontinued cryptocurrency services in the United States, so U.S.-based users cannot buy or trade crypto on the platform.

If you're affected by this change and currently hold crypto in your Skrill account, it's recommended to sell your holdings before any deadlines set by the company.

How to Buy Cryptocurrency on Skrill

Buying crypto on Skrill is designed to be fast and simple:

While Skrill doesn’t allow direct deposits from external wallets, you can still grow your holdings by purchasing with fiat. Also, while you can't spend crypto directly from Skrill for online payments, you can convert it back to fiat for broader use.

Sending Crypto from Skrill: What You Need to Know

You can send Bitcoin to other Skrill users in two ways:

  1. Via the Transfer Section: Choose “Skrill to Skrill,” enter the recipient’s email, select your crypto balance, and confirm the amount.
  2. Through the Crypto Dashboard: Click “Send” on your crypto balance, input the recipient’s email, and finalize the transaction.

If the recipient doesn’t have a Skrill account, they’ll receive an invitation to sign up and claim the funds. However, unclaimed transfers expire after 14 days.

⚠️ Important Limitations:

This means your crypto remains within the Skrill ecosystem unless converted to fiat first.

👉 Learn how flexible crypto platforms let you move funds freely across wallets and exchanges.

Skrill Crypto Fees: A Breakdown

Understanding fees is crucial when evaluating any crypto service. Skrill charges competitive but not negligible rates:

While these fees are transparent, they can add up—especially for frequent traders. Compared to dedicated exchanges, Skrill’s costs are higher but justified by its ease of use and integrated wallet system.

Is Skrill Safe for Cryptocurrency?

Security is a top priority for Skrill. The platform employs several protective measures:

However, there are important caveats:

While generally secure, this setup may not suit users who prioritize full ownership and decentralization.

Frequently Asked Questions (FAQ)

Is Skrill good for cryptocurrency?

Yes, especially for beginners. It offers easy access to buying, selling, and holding crypto with minimal technical barriers. However, limited withdrawal options and higher fees may deter advanced users.

Can I withdraw crypto from Skrill to an external wallet?

No. Skrill does not support direct withdrawals to external crypto wallets. You must sell your crypto for fiat first, then withdraw the fiat balance.

How do I sell cryptocurrency on Skrill?

Go to the Crypto section, select the coin you want to sell, enter the amount, review the exchange rate and fees, then confirm the transaction.

Is Skrill a crypto wallet?

Yes, Skrill provides a built-in cryptocurrency wallet. But it's custodial—meaning Skrill holds your private keys and controls access to your digital assets.

Is Skrill a cryptocurrency exchange?

Not exactly. Skrill partners with third-party exchanges to fulfill trades. When you buy crypto on Skrill, your order is routed to a partner exchange behind the scenes.

Which countries support Skrill crypto services?

Skrill supports crypto transactions in over 40 countries. However, U.S. residents no longer have access due to service discontinuation in 2023.

Final Thoughts: Who Should Use Skrill Crypto?

Skrill is best suited for:

It’s less ideal for:

If you value convenience over customization, Skrill delivers a solid experience. For more flexibility and lower costs, consider platforms that offer non-custodial wallets and direct blockchain access.

👉 See how leading platforms combine security, low fees, and full fund control.

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