The Skrill Cryptocurrency Service is currently available in selected countries only. If you don’t see a Crypto section in your account, this means you can’t perform crypto transactions
If you are a resident of an eligible country, you can use your Skrill account to:
- Trade crypto
You can buy and sell crypto instantly using your primary Skrill account balance in fiat currency (EUR, USD, etc.), allowing you to hold an interest in a range of cryptocurrencies.
- Set up price alerts
With this functionality you can receive email and push notifications when a desired crypto exchange rate is reached and easily monitor price changes.
- Schedule recurring and limit orders
Such orders are executed automatically offline when a desired crypto exchange rate is reached or on a recurring basis of your choice. This helps you take advantage of price movements and let your crypto portfolio grow regularly through scheduled investments without logging in to your Skrill account.
- Send crypto to other Skrill customers
You can instantly send cryptocurrency to another Skrill customer from any of your available crypto balances.
- Withdraw money to a crypto wallet
This option allows you to withdraw money from your available fiat balance (EUR, USD, etc.) to an external crypto wallet with Bitcoin, Ethereum or USD Coin address.
Note: Having the Skrill app installed on your mobile device will help you easily manage your crypto portfolio anytime, anywhere. The official Skrill app is available for download from the Apple App Store and the Google Play Store.
Crypto services that we do not offer yet are:
- Deposits from external crypto wallets to your Skrill account
- Withdrawals of cryptocurrencies to external crypto wallets
- Paying online using crypto balances available in your Skrill account
For customers with registration country Italy: From 15 July 2022, to perform crypto transactions, you are required to verify your Skrill account (if you haven’t done so already) and fill out a personal information form accessible from the Crypto section in your account. If you are an Italian citizen, you would also have to provide your Tax ID.
Rest assured that your personal information will be treated in accordance with our Privacy Policy and only for the purpose of providing you with our services as required by regulators.
How can I stay informed about releases of new products and features?
We recommend staying connected with us through our website, social media channels, and email newsletters. By doing so, you'll receive timely updates about our new features and product releases, including any information about the availability of our cryptocurrency services.
To ensure you will receive marketing communications, adjust your preferences by following these steps:
- Log in to your Skrill account from a web browser and go to Settings > Marketing preferences.
- Log in from our mobile app and navigate to Profile > Privacy settings > Marketing preferences.
Cryptocurrencies are complex, unregulated, without consumer or financial protections. Capital Gains Tax or other taxes may apply. Prices are volatile; only risk what you can afford to lose.
I'm an enthusiast deeply immersed in the world of cryptocurrencies and digital finance, with a track record of staying ahead of the curve on the latest developments in the industry. My expertise extends to practical experiences in using cryptocurrency services, including platforms like Skrill. Allow me to share my insights into the concepts mentioned in the provided article.
The Skrill Cryptocurrency Service is a groundbreaking feature that offers a range of functionalities to users in selected countries. The key aspects covered in the article include:
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Availability and Eligibility:
- Skrill's cryptocurrency service is currently available only in selected countries. Users are instructed to check for the presence of a Crypto section in their accounts to determine eligibility for crypto transactions.
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Crypto Trading:
- Residents of eligible countries can seamlessly trade cryptocurrencies using their Skrill accounts. The platform allows instant buying and selling of cryptocurrencies using the account's primary balance in fiat currency (EUR, USD, etc.).
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Price Alerts:
- Skrill provides a price alert feature that enables users to receive email and push notifications when a specific crypto exchange rate is reached. This functionality facilitates real-time monitoring of price changes.
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Recurring and Limit Orders:
- Users can set up recurring and limit orders, which are executed automatically offline when a desired crypto exchange rate is reached or on a recurring basis. This feature allows for strategic investments without the need for manual intervention.
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Crypto Transfers:
- Skrill users can instantly send cryptocurrencies to other Skrill customers from their available crypto balances, promoting quick and seamless transactions within the platform.
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Withdrawals to Crypto Wallets:
- Skrill offers the option to withdraw money from the user's available fiat balance (EUR, USD, etc.) to an external crypto wallet with Bitcoin, Ethereum, or USD Coin addresses.
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Mobile App Integration:
- The Skrill app, available for download from the Apple App Store and Google Play Store, enhances the management of crypto portfolios by providing easy access anytime, anywhere.
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Services Not Offered:
- Certain cryptocurrency services are not currently offered by Skrill, including deposits from external crypto wallets to Skrill accounts, withdrawals of cryptocurrencies to external wallets, and online payments using crypto balances.
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Requirements for Italian Customers:
- Italian customers are required to verify their Skrill accounts and fill out a personal information form to perform crypto transactions. Additional documentation, such as a Tax ID, may be required for Italian citizens.
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Privacy and Compliance:
- The article reassures users that personal information will be treated in accordance with Skrill's Privacy Policy and regulatory requirements.
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Staying Informed:
- Users are encouraged to stay connected through Skrill's website, social media channels, and email newsletters to receive timely updates about new features, product releases, and cryptocurrency service availability.
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Risk Disclaimer:
- The article concludes with a disclaimer about the complexity and volatility of cryptocurrencies, emphasizing the importance of understanding risks and potential tax implications.
By staying informed and leveraging the functionalities provided by Skrill, users can navigate the cryptocurrency landscape while being mindful of the associated risks and regulatory requirements.
