Skrill has long been recognized as a trusted name in digital payments, offering fast and secure online money transfers across the globe. But in recent years, the platform has expanded its services to include cryptocurrency trading — a move that's attracted both newcomers and seasoned users looking for convenience. This review dives into everything you need to know about Skrill crypto, from fees and supported coins to safety, usability, and how it stacks up against other platforms.
Whether you're exploring crypto for the first time or considering where to trade, understanding the nuances of Skrill’s offering is essential. Let’s break down what makes Skrill a viable option — and where it falls short.
What Is Skrill Crypto?
It's important to clarify: Skrill is not a cryptocurrency exchange or wallet. Instead, it acts as an intermediary that allows users to buy and sell interests in certain digital assets. When you "buy" crypto on Skrill, you're not receiving actual blockchain tokens. Rather, Skrill holds those assets in pooled accounts on your behalf.
This model limits functionality compared to traditional exchanges. For example:
- You can't withdraw native tokens to external wallets (in most countries).
- You can't stake, lend, or use your holdings in decentralized finance (DeFi) apps.
- Ownership remains with Skrill; you hold a financial interest only.
Despite these limitations, Skrill offers a streamlined experience ideal for beginners who want exposure to crypto without managing private keys or complex platforms.
Key Features of Skrill Crypto
- Buy and sell crypto interests starting from just $1
- Instant transactions within the Skrill ecosystem
- Transfer crypto to other Skrill users
- Limited direct withdrawals to external crypto wallets (available in select regions)
- Integrated with existing Skrill accounts — no need for a separate app
👉 Discover how easy it is to start your crypto journey today.
How Does Skrill Compare to Other Platforms?
While platforms like eToro and Coinbase offer similar "synthetic" crypto trading models, Skrill stands out due to its deep integration with online gambling, sports betting, and e-commerce ecosystems. Many users leverage Skrill primarily for deposits at gaming sites — now, they can fund those activities using crypto interests directly from their balance.
Here’s what sets Skrill apart:
| Feature | Skrill |
|---|---|
| Target Audience | International users, gamblers, casual traders |
| Demo Account | Not available |
| Regulatory Oversight | No protection under CBI for crypto services |
| Supported Cryptocurrencies | Over 40 major and emerging assets |
Compared to eToro, which offers lower trading fees and social investing tools, Skrill focuses more on speed and accessibility than advanced features. It doesn’t support copy-trading or detailed analytics, but its interface is simpler and faster for quick trades.
⚠️ Important: Cryptocurrency investments are high-risk. You should only invest money you can afford to lose. Regulatory protections do not typically apply.
Understanding Skrill Crypto Fees
One of the biggest considerations when choosing a platform is cost. Skrill applies multiple layers of fees depending on your actions and account status.
1. Crypto Trading Fees
These apply when buying or selling crypto interests:
| Account Tier | Fee (Buy/Sell) |
|---|---|
| Skriller | 1.50% |
| True Skriller | 1.50% |
| Silver VIP | 1.40% |
| Gold/Diamond VIP | 1.30% |
Fees are fixed per transaction and slightly higher than some competitors. Since Skrill partners with third-party exchanges to source liquidity, it passes on associated costs with minimal markup.
2. Deposit Fees
To fund your Skrill account:
- Wire Transfer: 0.00% (2–5 business days)
- Credit/Debit Card: Up to 1.00% (instant)
- Bank Link (e.g., Trustly): Up to 1.25% (instant)
- Paysafecash: Up to 2.50% (instant)
- Paysafecard: Up to 5.00% (instant)
Card deposits are convenient but come with premium pricing.
3. Withdrawal Fees
Withdrawing funds involves:
- Wire Transfer: Free
- SWIFT: £4.66 / €5.50
- Credit/Debit Card: Up to 3.99%
- Neteller: 3.49%
- Crypto Wallet: 2.00%
Note: The 2% fee applies only if you withdraw crypto to an external wallet — currently supported in limited jurisdictions.
Is Skrill Safe for Crypto Trading?
Skrill employs industry-standard security measures including two-factor authentication (2FA), encryption, and fraud monitoring. However, crypto-specific risks remain significant:
- No direct ownership: Your assets are held in pooled accounts.
- Counterparty risk: If Skrill discontinues its crypto service or faces insolvency, access could be disrupted.
- Delisting risk: If a partner exchange removes a coin, Skrill may force you to sell within 14 days.
Additionally, since Skrill’s crypto services aren’t regulated by the Central Bank of Ireland (CBI), users have no statutory protection if something goes wrong.
👉 Learn how top platforms ensure secure and compliant crypto access.
List of Supported Cryptocurrencies
Skrill supports over 40 digital assets, covering major players and select altcoins:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XLM)
- Cardano (ADA)
- Polkadot (DOT)
- Solana (SOL)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- And many more including Chainlink, Aave, Uniswap, and Maker
This selection caters well to mainstream investors but lacks niche or newer DeFi tokens found on full exchanges.
How to Buy Bitcoin on Skrill – Step by Step
Getting started takes just minutes:
- Create & Verify Your Account
Sign up at skrill.com and complete identity verification. - Deposit Funds
Add money via bank transfer, card, or e-wallet. - Navigate to Crypto Section
Open the app or website and go to “Crypto.” - Select Bitcoin
Click “Buy” next to BTC. - Enter Amount
Choose USD or EUR amount (minimum $1). - Confirm Transaction
Review fees and final price before confirming. - Done!
Your Bitcoin interest is now reflected in your portfolio.
Withdrawing Crypto from Skrill
You have two options:
Option 1: Withdraw to External Wallet
Available only in select countries. A 2% fee applies, and processing may take up to 24 hours.
Option 2: Convert & Withdraw as Fiat
Convert crypto to USD/EUR first, then withdraw via bank transfer or card (fees vary by method).
This limitation reduces flexibility compared to true self-custody platforms.
Supported Countries for Skrill Crypto
Skrill offers crypto services in over 100 countries including:
United States, United Kingdom, Canada, Australia, Germany, France, India, Singapore, Brazil, South Africa, and more.
However, new registrations from Russia are currently suspended.
For the full list, refer to Skrill’s official terms — availability changes based on local regulations.
Frequently Asked Questions (FAQ)
Can I buy real cryptocurrency on Skrill?
No — you purchase financial interests in crypto assets. You don’t own the actual tokens or control private keys.
Can I transfer crypto from Skrill to another wallet?
Only in select countries. Most users cannot withdraw native coins off-platform.
Are there any hidden fees?
All fees are disclosed during checkout, but spreads may be wider than market rates — effectively increasing costs slightly.
Is there a demo account for practicing trades?
No, Skrill does not offer a demo mode for crypto trading.
How secure is my money on Skrill?
Funds are protected through encryption and fraud systems, but crypto holdings aren’t covered by financial compensation schemes.
Why choose Skrill over other platforms?
Best for users already using Skrill for online payments or gambling who want simple, fast access to major cryptocurrencies without technical complexity.
👉 Start trading crypto with low fees and robust security on a trusted global platform.