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:

Within the Dashboard tab of the CRYPTO section of your wallet you can consult an overview of the supported cryptocurrencies showing their dynamic value. This can help you to best choose the currency, the amount and the price for your exchange.

You can start your exchange by clicking on the TRADE button next to the cryptocurrency you want to exchange or by clicking on the TRADE tab within the CRYPTO section of your wallet.

Once you click on TRADE you have to choose between the BUY and the SELL options, the amount of the transaction and the currency from and to which you want to exchange and click on NEXT. A summary page of your transaction will appear on the screen. To complete the exchange, click on CONFIRM.  

Note:

  • All cryptocurrency transactions are visible in the TRANSACTIONS section of your Skrill account. To visualize it, choose the relevant currency from the drop-down menu within the Account filed of the TRANSACTIONS section.
  • Once you have crypto available in your wallet, you can send cryptocurrency to other Skrill customers, create auto orders or reserves.
  • If you already have an existing Bitcoin balance, you can choose to directly exchange the available cryptocurrencies for Bitcoin. This option allows you to more dynamically manage your cryptocurrencies.

* Click to enlarge the image

 

Which cryptocurrencies can I buy/sell?

You can buy/sell interests in a variety of cryptocurrencies. Full list with the available cryptocurrencies you can see in the Crypto section of your Skrill wallet or on the dedicated Cryptocurrency page.

 

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 are the fees and the limits?

The fees and the limits are indicated at the time of the exchange.

If you exchange Bitcoin for another cryptocurrency, the deducted fee will be collected in Bitcoin.

More information about the fees you can obtain on the dedicated Cryptocurrency page.

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

 

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.

 

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.

 

 

*The service is currently available in selected countries only. If you see a Crypto section in your Skrill account, this means that 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.