How can I Exchange Cryptocurrencies?

With the Cryptocurrency exchange feature Skrill gives you the opportunity to exchange your local FIAT* balance into one or more of the available cryptocurrencies and profit from the price fluctuations.

The currency exchange rates are received directly from our exchange provider Coinbase and are updated every 5 seconds.

To start, login to your Skrill account and click on the Crypto section.

Next you will see the Crypto Dashboard – an overview of the supported cryptocurrencies showing their dynamic value.

To convert your current account balance, click on Exchange nowand follow the onscreen instructions.

Once you complete the exchange the transaction details will be added to the Crypto Dashboardand Transactions section of your Skrill account. 

Now, when you have a crypto balance you can easily set up an email notification to track the value of the cryptocurrency against the FIAT currency of your account.

Simply click on Alertsunder Crypto Dashboard, enter the parameters at which you would like to receive an alert and confirm by clicking on Create trigger.

A list with all your current alerts, including the option to enable/disable/delete them, will be created. Please note that after you receive an alert, the list of current alerts will be automatically updated and the alert in question will be disabled.

Which cryptocurrencies can I buy/sell?

You can buy/sell interests in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), 0x (ZRX), XRP, Litecoin (LTC), Ripple (XRP) and Stellar Lumens (XLM).

What is the minimum and maximum amount of cryptocurrency I can buy or sell?

The exact minimum amount depends on the relevant cryptocurrency but will be approximately equal to 10 EUR. Maximum amount depends on the transaction limits associated with your account.

How soon will my cryptocurrency balance appear in my Skrill Account?

The exchange happens instantly, and your cryptocurrency balance will appear in 1-2 seconds after the exchange is confirmed.

What fees do you charge to exchange cryptocurrency?

Fees are charged at the time of the exchange. For information on our fees, please visit our Fees page.

Can I send cryptocurrency to a merchant, friend or a crypto trading platform?

Currently you can only exchange and hold an interest of cryptocurrencies within your Skrill account. You cannot send cryptocurrency to a merchant, friend or a crypto trading platform.

Can I request a refund of the original amount of a cryptocurrency transaction?

Cryptocurrency transactions are non-refundable and cannot be reversed to the original amount at the time of the exchange.

Is cryptocurrency exchange available in my country? 

The service is currently available in selected countries only. If you see a Crypto section in your Skrill account, the service is available for you.

 

*FIAT money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made.