What is Reserves and how to use it?

The Reserves option allows you to set aside part of your balance in one or more cryptocurrencies*. To start saving in crypto, you need to choose a coin and set an amount in fiat that will be drawn from your balance on the date selected by you. Creating crypto reserves allows you to more easily and dynamically trade and manage your cryptocurrency.

 

How do I create a reserve?

To create a reserve, please follow the steps below:

    1.Within the CRYPTO section of your Skrill account click on Reserves and then on CREATE RESERVE.

    2.Select the cryptocurrency for which you want to create a reserve, enter the amount to be deducted from your balance, choose the day of the conversion and click on CREATE RESERVE.

 

Note:

  • The coins are bought at the current market prices.
  • The fees and the limits are indicated within the Create reserve page while creating a reserve.
  • If you do not have the necessary amount to cover the transaction, the reserve will not be processed.
  • Details of the created reserves are visible within the RESERVES section of the account.

* Click to enlarge the image

 

Can I deactivate a reserve?

You can deactivate or delete a reserve at any time.

To deactivate a created reserve, you simply need to access the RESERVES section of you Skrill account and switch off the option for the relevant cryptocurrency by clicking on the button under the ACTIVE status.

If you wish to definitely remove a created reserve, you can do so by clicking on the trash icon within the RESERVES section and to confirm the action by clicking on DELETE.

 

 

*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.