How to buy bitcoin with Skrill

Skrill allows you to make online payments and transfers, including available international money transfers. With this in mind, people can easily buy bitcoin with Skrill using a p2p crypto exchange. 

First you need to log into your favourite crypto exchange account or create a new one by clicking on the Create Account button. After that, click Buy Bitcoin and select Skrill as your payment method to see all the available offers. There may be hundreds of offers on the list, but you need to pick the best deal from a reputable seller. Click on a seller’s name to view their transaction history and reviews from their trading partners.

Then put the amount you like and click Buy to view the terms of the deal. Make sure to check first the BTC to PHP rate. Sellers typically ask for a selfie with ID, pay with their verified Skrill account, and send a screenshot of the account balance. If you are satisfied with the terms, click Accept Terms and Buy Bitcoin to open a trade and move the seller’s bitcoins to a safekeeping account, where they will remain until the transaction is completed.

Send a message to the seller in the deal chat and ask if they have any other requirements. Only transfer money when the seller asks you to, and then mark the transaction as paid to keep it from expiring. As soon as the merchant confirms receipt of the payment, they will transfer the bitcoins from the holding account to your wallet.

Before the deal

Before selling cryptocurrency using an online wallet, make sure that the sender’s transaction will not be blocked due to restrictions on the amount or country of transfer.

Offer selection

To sell cryptocurrency using an online wallet, you first need to find an offer with payment through your chosen online wallet. You must also indicate the amount to be sold and your preferred currency.

When you find a suitable offer, read its terms and conditions carefully. The terms and conditions briefly indicate exactly how the payment should be made. 

When you open a trade, you will see more detailed instructions in the trade chat. These are called trade instructions. You must provide the buyer with your wallet details. Buyer’s requirements may vary depending on the payment method chosen. For example, when using a PayPal, Skrill or Neteller wallet, a snapshot of ID is required.

Create an offer

To sell cryptocurrency using an online wallet, you can also create your own offer . Here are some guidelines for creating such a proposal:

• Set a suitable margin right away, as you will not be able to change the price during the trade.
• Make clear and concise terms and instructions.
• Specify who pays the transaction fee (if any).

After posting your offer, wait for the buyer to open a deal with you. You will receive a notification about a new trade. Discuss all the details of the deal with your trading partner.

Completion of the transaction

After the recipient pays, clicks the Paid button and provides you with proof of payment, you must confirm receipt of the payment from your side.

Then you must transfer the cryptocurrency to him from the custody account. Click the Issue Cryptocurrency button if you are absolutely sure that the payment has been received.

After the deal

After completing the transaction, you can provide feedback to your trading partner. If the deal went well, you can add him to your list of trusted users.

Conclusion

You have successfully bought Bitcoin using your Skrill balance! Next time you can use our Bitcoin calculator and price chart to determine how much BTC you can get for your money.