How Do Cryptocurrencies Work?

With the Cryptocurrency* trade feature you can exchange your Fiat or Bitcoin balance against one or more of theavailable cryptocurrencies and profit from the price fluctuations:

You can make an exchange by creating an instant, conditional or recurring order.

You have also the possibility to set an alert for when a certain price level is reached.

Within the Market data tab of the Trade section you can consult an overview of all supported cryptocurrencies showing their real-time price and 24-hour price percentage change. This can help you to best choose the currency, the time and the price for your exchange.

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You can create your own list with cryptocurrencies to follow. The Watch list feature is available within the Portfolio tab. You can add currencies to your Watch list by clicking on the star icon within the price chart of the Trade tab. You can manage your list by removing a cryptocurrency from it – the trash icon with your Watch list is available for this.

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You can also consult and manage your created alerts, conditional and recurring orders and see your Recent activity from the Portfolio tab.

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You can initiate an exchange by clicking on the Trade button next to the cryptocurrency you want to exchange or via the Trade tab within the Trade section of your account.

Good to note:

  • Money deposited with credit / debit card, paysafecard or Paysafecash can't be used for crypto trading.
  • All cryptocurrency transactions are visible in the Transactions section of your Skrill account. To visualize it, choose the relevant currencyfrom the drop-down menu within the Account filed of the Transactions section.
  • Cryptocurrency transactions are non-refundable and cannot be reversed to the original amount at the time of the exchange.  

 

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

Currently you cannot send cryptocurrency to a merchant or a crypto trading platform.

 

*The service is currently available in selected states only. If you see a Crypto section under TRADE (on the left side in your account account), this means that the service is available for you.