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Buying Bitcoin with Skrill explained
Start the process
To buy Bitcoin with Skrill, Paybis is the right place for all your digital currency needs. So, follow these brief steps to buy BTC with Skrill:
- 1st Step: Select a wallet: we also provide a Paybis wallet
- 2nd Step: Start a new transaction on Paybis.
- 3rd Step: Verify your identity and enter your BTC address.
- 4rth Step: Pay with your Skrill funds and you will receive Bitcoin shortly after.
All this should take 10-15 minutes to complete and if you need more information, swipe through the next steps.
How Bitcoin works?
Bitcoin is a virtual currency that solves the problems many people face when dealing with traditional money:
- With Bitcointhere is no central authority that changes the supply of the coin.
- Bitcoin is decentralized and all users can see the details of allBitcoin transactions.
- Bitcoin can be used worldwide - it can be sent to anyone, within a few seconds.
- Finally, Bitcoin has a very limited supply because it is capped at 21 million coins.
These are some of the reasons Bitcoin's price is expected to increase over time.
Why use Skrill to buy Bitcoin?
Aside from Bitcoin, there are many other payment systems that allow users to send and receive money online. The most popular of these services is Skrill. It allows users tostore, send and receive funds, making Skrill a great alternative to traditional online banking.
Because of its ease of usethis UK-based company hasbecomeone of the most well-known options for online money transfers.
This is the main reason why buying Bitcoin with Skrill is so popular and why Paybis offers this solution to its customers.
Where to store Bitcoin?
You need a Bitcoin wallet to buy Bitcoin with Skrill. It works much like your Skrill wallet; you can view, manage, and transfer your funds.
At Paybis, we accept all kinds of crypto wallets: hardware, software, and online. We also have our own online wallet: the Paybis wallet. It's a fast, simple, and secure way to store and access your crypto; you're in complete control, and we never charge any maintenance or withdrawal fees.
So, if you're looking for a wallet to buy Bitcoin with Skrill, check out ours! It may be just the thing.
What can you do with Bitcoin
Bitcoin has changed the way people send, receive, and store value across the web.
On top of that, very few actually understand the benefits of BTC. So, here are the use cases of Bitcoin:
- Transfer Bitcoin to anyone in the world.
- Hold onto your Bitcoin as an investment.
- Shop using BTC at websites that accept cryptocurrencies.
- Buy other cryptocurrencies.
All this and a lot more are the things that makes Bitcoin so versatile.
So, now you know the basics of Bitcoin and in case you haven't, you can proceed to buy Bitcoin with Skrill.
FAQ
Skrill gives the opportunity to unbanked individuals and those that prefer not to use their local bank, to conduct transactions as they please. In other words, it is a great alternative for Skrill to Bitcoin (BTC) transactions.
Yes, they do. In order to buy Bitcoin from our platform using Skrill as your payment method, you will need to go through a KYC/AML check. More information regarding the details you need to provide can be found in the “Step by Step” section above.
When you pass the ID verification process (KYC/AML), you will be able to spend up to $50,000 USD per week on Bitcoin.
Our service is provided to more than 180 countries. There are, however, certain restricted locations where Paybis is unable to operate. You can see the list of supported countries here.
Every time you buy Bitcoin with Skrill, you will have to pay the following fees:
- A small fee that Skrill charges to process your payment
- The Paybis fee for providing the service
- The Bitcoin transaction fee—a fee given to Bitcoin miners for confirming your transaction on the Blockchain
First-time Skrill to Bitcoin transactions will take 5 to 10 minutes to complete. This is due to the KYC/AML check that first-time users have to go through. All following transactions will be completed within 5 minutes.
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