Skrill is an Online Payment Platform which allows international money transfers through the internet. Skrill has extended its services to buy and sell cryptocurrency in 36 different countries and they are planning to expand to other countries soon. But it is not yet available in the United States and India.
Skrill currently supports Bitcoin, Bitcoin Cash, Ether, and Litecoin. Users can buy and sell these cryptocurrencies using any of the 40+ flat currencies available. In the near future, they are planning to add more cryptocurrencies to their trading list. The cryptocurrency services provided by Skrill is by partnering with a cryptocurrency exchange which takes care of the buying and selling of cryptocurrency.
Buying and Selling of Cryptocurrencies Instantly
To Start Trading the user needs to download the Skrill wallet and register then go to the “Exchange” Section where they can buy and sell cryptocurrencies in a few seconds.
Skrill charges 1.50% fee for buying and selling cryptocurrency using USD and EUR. And buying through other flat currencies they charge 3.00% fee for buying and selling cryptocurrency.
They are offering an instant exchange service so they claim it would take 1 to 2 seconds for the cryptocurrency balance to appear in the account once the exchange is confirmed.
“The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment,” said Lorenzo Pellegrino, CEO of Skrill, Neteller and Income Access.
Also, Pellegrino said that he is confident that skrill cryptocurrency services will appeal to consumers and they will be able to trade cryptocurrency easily through the skrill cryptocurrency platform.
Currently, they are already many other cryptocurrency exchanges which skrill needs complete with to gain the market. So seeing this move made by Skrill maybe in future Paypal may also add such a platform to their services then it would be easy for Paypal as it is one of the biggest Payment Platform and will gain a lot of attraction.
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