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YOU CAN NOW PURCHASE CRYPTOCURRENCIES FROM YOUR SKRILL WALLET
Since ten years ago when Satoshi Nakamoto created the bitcoin blockchain, the fever has been on as people have kept on scrambling to get their hands on this digital asset that has virtually more monetary value than anything humanity has ever seen.
Through the ups and downs of the crypto-trading world, thousands if not millions have hung on despite the incredible volatility this thing of ours has seen. But not until recently did the world of cryptocurrencies see a great light that is currently transforming its future and will let us see more surprises than previous times have granted us.
“And what exactly is that, “ you ask? “What ‘great light’ has the world of cryptocurrency seen that I don’t know about?”
In as few words as possible, that phenomenon that has changed the future of cryptocurrencies is the possibility of now buying cryptocurrencies through the variety of eWallets and payment providers across the globe.
In times past, due to the low level of government control exercised on cryptocurrencies – cutting across their purchase, storage, and sale alike, most payment providers were reluctant to have any explicit relationship with cryptocurrencies. Also, most financial powerhouses and influencers took the rise of bitcoin as a joke. The expected the whole “fad” to fade out as fast as it had come out.
It turns out they were sincerely wrong. For over 10 years, bitcoin has continued its meteoric rise to the top without abating and has gotten many of the big boys rethinking their decisions to exclude bitcoin from their game. One of the more famous payment providers – Skrill – has also been quick to provide not only bitcoin purchasing services but also, a holding wallet for their crypto-enthusiastic users to store their cryptocurrencies in. Amazing is just the word for it.
In this article, we are bringing you all the info you need to know about buying cryptocurrencies from your Skrill balance, and hopefully, you’ll be on your way to purchasing a good deal of cryptocurrency from your Skrill wallet. We have styled this article in a list format, and we did our best to answer all the burning questions you may have about buying cryptocurrencies from your Skrill balance.
The cool thing about Skrill is the business model they have embraced – that of a cryptocurrency exchange service that enables them to swap your balance for an amount of cryptocurrency upon your request, and to exchange all or part of your cryptocurrency balance back to back to a currency amount once you opt for that. This couldn’t get any cooler.
- HOW EXACTLY CAN I PURCHASE CRYPTOCURRENCIES WITH SKRILL?
Skrill has introduced a cryptocurrency wallet function into every user account, enabling you to purchase cryptocurrencies direct from your wallet balance. You the money you have available on your Skrill wallet, and receive an equal value of the cryptocurrency of your choice, all valued at the current exchange rate.
- WHAT ARE THE REQUIREMENTS FOR BUYING AND SELLING CRYPTOCURRENCIES FROM MY SKRILL WALLET?
The level of integration that Skrill has introduced is simply outstanding, in that with just your custom Skrill account, you can purchase various cryptocurrencies and store them right in your Skrill account – saving you the need for third-party crypto wallet providers. Aside from that, all you need to get started is just the basics – email address, details, verification, and that’s it!
- HOW MUCH CRYPTOCURRENCY CAN I PURCHASE VIA MY SKRILL WALLET?
Currently, Skrill has been generous with the amount you can invest into any cryptocurrency of your choice through your Skrill wallet. There are no specifically defined limits to the amount of cryptocurrency you can purchase, but you may be limited by the standing limits to your account. All Skrill accounts are placed under increasing levels of transaction limits that are only removed after you have carried out some level of verification. So, the amount of cryptocurrency you can purchase via Skrill depends on the level of verification of your account.
Regarding the minimum amount of cryptocurrency that can be bought via Skrill, the limit has been placed at 10 Euros and its equivalents across all currencies. So, for a Skrill user based in the U.S, the lowest amount of cryptocurrencies purchasable should be around $12.
- WHEN I BUY CRYPTOCURRENCY FROM MY SKRILL WALLET, HOW LONG WILL IT TAKE BEFORE SHOWS UP IN MY BALANCE?
Oh, if you’re worried about losing your money without receiving what you’ve paid for, Skrill has got you covered. With the amount of capital backing their operations, they did well to invest in an immediate exchange service that makes your cryptocurrency balance available within 3 seconds after your Skrill wallet is debited. Easy, right? It is.
- HOW MUCH DOES SKRILL CHARGE FOR THEIR CRYPTOCURRENCY EXCHANGE SERVICES?
Yes. Nothing goes for nothing, and with the opportunity Skrill offers their users to be able to purchase cryptocurrency assets from their Skrill wallet, you probably guessed that there was going to be a fee or something similar. You were right. However, Skrill keeps it very moderate and charges almost how much it costs to carry out a card transaction.
For Skrill users who are based have wallets that are denominated in USD or EUR, Skrill charges a flat rate of 1.5% on each buy or sell crypto transaction, while users whose accounts are denominated in other currencies are required to pay 3% of each cryptocurrency transaction they make via their Skrill wallet.
- WHAT CRYPTOCURRENCIES CAN I PURCHASE FROM MY SKRILL WALLET?
Currently, Skrill only offers exchange services for a few of the more prominent cryptocurrencies that are available. This is quite understandable, in that a multi-billion dollar company can’t be expected to pursue interests in most of the cryptocurrencies which are unreliable. That said, the cryptocurrencies that are supported by Skrill are just Bitcoin (BTC), Bitcoin Cash (BCC), Ethereum (ETH), Ethereum classic (ETC), Litecoin (LTC), Ripple (XRP), and Ox (ZRX)
There you have all the essential information that you need to get you started buying cryptocurrencies from your Skrill wallet. So, what’s stopping you? Right now, it’s possible to start trading right form your Skrill wallet and if you take advantage of this opportunity and with a bit of good advice, your chances of making money as a cryptocurrency trader gets exponentially higher than what an average crypto trader can expect.
Let’s do it!
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