Skrill

Daniel Klein and Benjamin Kullmann founded Moneybookers in 2001, which later rebranded as Skrill, a leading digital wallet provider. Now part of the Paysafe Group, after acquiring Skrill and Neteller in 2015, Skrill offers a variety of online payment solutions and money transfer services, regulated by the Financial Conduct Authority (FCA). It provides a hassle-free deposit method via mobile, supporting over 40 currencies. Available in more than 120 countries, Skrill serves users with local payment options, such as merchant payments, bank transfers, deposits to other users, and crypto funding. If you’re looking to deposit in crypto and withdraw in fiat, Winstler casino, the only one known to support this. If you prefer Neteller, check out the toplists below.

Currently, Skrill is supported by 10 crypto trading sites and 357 crypto casinos, as shown in the toplists below.

Summary

Skrill offers a variety of convenient deposit methods for users, allowing them to deposit funds into their Skrill accounts via debit/credit cards (Visa, Mastercard), bank transfer, Rapid transfer, and Paysafe card. It supports a wide range of currencies and is known for its secure system, featuring two-factor authentication and a loyalty program for users. Skrill’s popularity is evident as it’s supported by multiple exchanges, thanks to its widespread presence in numerous countries. Reputable crypto sites that accept Skrill include eToro, Skilling, Avatrade, and LocalBitcoin. It’s particularly valued for its fast trades, secure payment options, and support for multiple fiat currencies.

What is Skrill?

Skrill is an online payment provider that facilitates international transfers. It allows users to instantly transfer funds between merchants and customers, and enables inter-transfers between Skrill accounts. Skrill also supports cryptocurrency trading on various exchanges and facilitates online purchases. One of its unique features is its ability to offer multiple payment options in over 40 currencies. Skrill has a loyalty program, Knect, which rewards users with points for each transaction. These points can be exchanged for cash rewards and bonuses. Skrill allows users to manage their crypto portfolios in real-time and execute strategies with ease. It’s ideal for transferring funds to top crypto sites like Skilling and eToro, where you can trade cryptocurrencies and copy successful traders.

Skrill Costs

International bank transfers with Skrill are free, while other methods such as Paysafecash and debit cards incur up to a 1% fee. Using credit cards can result in fees up to 2.99%. International transfers have a currency exchange markup fee of up to 4.99%, while domestic transfers carry a fee of up to 2%. Sending funds to other Skrill accounts costs up to 2.99% per transaction. Skrill also charges a currency conversion fee of up to 3.99%, along with additional crypto trading fees. Skrill has relatively lower fees for cryptocurrency transactions and does not charge users for receiving funds. If your account remains inactive for over six months, a service fee of 5 Euros per month will apply.

Transaction Speed for Skrill

Skrill transactions are typically instant, especially for domestic payments and Skrill-to-Skrill transfers. International bank transfers and Rapid transfers usually take two to three business days. Refunds to your account typically take one to two business days. The transfer speed for funding your account depends on the payment method used, with domestic payments being particularly fast, which is a feature appreciated by many users.

Skrill Deposits: How to Do It?

1. Log into your account on the crypto exchange.
2. Navigate to the deposit page and choose Skrill from the deposit options menu.
3. Enter the deposit amount and confirm the details.
4. Complete the transaction by verifying it using your PIN code.

Which Countries Use Skrill?

Skrill is available in many countries, including the United Kingdom, the USA, France, Germany, South Africa, Australia, India, and Singapore. However, some countries are excluded from using the platform, such as Japan, North Korea, Seychelles, and several others.

Can You Withdraw with Skrill?

Yes, you can withdraw funds from your crypto exchange account to your Skrill account. The withdrawal fee depends on the method chosen. There are withdrawal limits based on your account type and country of residence. You may need to verify your identity before withdrawing, and the minimum withdrawal amount is $10, with a maximum of $10,000.

Reputation of Skrill

Skrill has earned praise for its fast and secure transfers, particularly in the crypto market where it’s widely used for transactions. Compared to Neteller, Skrill is often preferred due to its lower fees. However, some users report dissatisfaction with its verification process and the high fees, such as chargeback fees and VISA card withdrawal fees. In comparison to PayPal, Skrill is a newer alternative, but it’s valued for operating in regions and industries where other digital wallets may not. Some users appreciate the flexibility Skrill offers, even in markets with more regulatory hurdles.

Skrill FAQ

Here are some frequently asked questions about Skrill and its cryptocurrency services.

Is it safe to use Skrill for cryptocurrencies?

Yes, Skrill is safe to use. It employs strong encryption, two-factor authentication, and passwords to protect users’ data from scammers. Additionally, it is licensed and regulated by the Financial Conduct Authority in the UK.

How do I set up Skrill?

To set up Skrill, visit the official website and click “Register” in the top-right corner. Enter your personal information, including your name, email address, and password. Once registered, you will need to verify your account, which can typically be done through the provided instructions.

Is Skrill instant?

Skrill transfers are usually instant for domestic payments, especially for Skrill-to-Skrill transactions. International transfers may take up to 3 business days, depending on the payment method chosen.

When was Skrill founded?

Skrill was founded in 2001 as Moneybookers and rebranded to Skrill in 2013.

Where is Skrill’s parent company based?

Skrill’s parent company, Paysafe, is based in London, UK.

What is the difference between Skrill and Neteller for crypto deposits?

Skrill is generally more affordable than Neteller for crypto deposits. Neteller charges between 3% and 7% for deposits via bank transfers, whereas Skrill does not charge for deposits via bank transfer.