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How to Buy Bitcoin with Skrill – UK Guide

Learn how to buy Bitcoin with virtual ewallet Skrill (formerly Moneybookers), at regulated cryptocurrency exchanges and brokers - including eToro which holds a UK license from British regulatory body the Financial Conduct Authority (FCA).
Buy Bitcoin Skrill
Buy Bitcoin Skrill

Bitcoin kicked off way back in 2009. Now, experts in cryptocurrency are foreseeing Bitcoin’s rising momentum as it’s expected to be a ruling form of global currency by the end of 2050. This is the reason Bitcoin is attracting high amounts of retail investors and even the attention of billionaires Elon Musk, Mark Cuban, Stanley Druckenmiller and Michael Saylor.

Contents [show]

    How to Buy Bitcoin with Skrill in the UK

    1. Choose a Bitcoin exchange – we recommend eToro as it’s regulated in the UK by the FCA
    2. Create an account
    3. Deposit funds into your account, selecting Skrill in the payment method drop-down menu
    4. Search ‘Bitcoin’ in the top menu
    5. Click ‘Open Trade’ and select an amount of Bitcoin to buy

    Best Places to Buy Bitcoin in the UK January 2022

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    Where to Buy Bitcoin With Skrill – UK Top List

    There are numerous cryptocurrency brokers in the market and it’s not easy to filter out the best ones out there.  When choosing a platform to buy your Bitcoin, one of the basic prerequisites is to make sure the service has all the necessary licenses and regulations.

    We have analyzed several brokers and cryptocurrency exchanges options when it comes to buying Bitcoin with Skrll in 2022. Here is what we have concluded as the 3 best places to buy Bitcoin with Skrill:

    1. eToro – Rated Best UK Broker to Buy Bitcoin with Skrill

    Our primary recommendation as the best broker to purchase Bitcoin with Skrill is eToro. The platform enjoys the trust of over 20 million users from all corners of the world and features one of the most easy-to-use platforms.

    eToro exchangeRegulated by some of the highest regulated entities – FCA in the UK, FinCEN in the US – eToro is also one of the safest options to secure all your tradings and transactions.

    eToro was founded in the United Kingdom and has its headquarters in Canary Wharf, London.

    Once you buy your Bitcoin with Skrill, eToro also provides you with a safe digital wallet where you can keep and manage your Bitcoin holdings on a 24/7 basis. You can download this digital wallet through Google Play or Apple Store; this will keep your Bitcoin money safe – much safer than ‘real’ money which you would normally keep in your personal wallet.

    eToro lets you invest in funds managed by eToro’s professional investors through the ‘Copy Portfolio’ option, with no management fees.

    Trading chart on eToro to buy Bitcoin with Paypal

    No hidden registration or subscription fees when you buy Bitcoin from eToro. First-time users have to insert a minimum deposit of $200; from the second deposit onwards, the subsequent minimum deposits are only at $50. The funds deposited can be either cryptocurrencies, FIAT currencies and credit or debit cards.


    • Enjoys the trust of over 20 million users
    • No hidden fees
    • 0% commission on crypto trading
    • Supports debit/credit cards and Skrill
    • Over 2,400 shares and 250 ETFs
    • CFD markets also offered
    • Social network with copy trading
    • Highly Regulated by the FCA, ASIC, and CySEC
    • Approved by the SEC and FINRA


    • Large spread
    • Some withdrawal and inactivity fees

    Visit eToro

    2. Paxful – Easiest Cyptocurrency Platform To Buy Bitcoin With Skrill

    Paxful is our second favorite option when it comes to buying Bitcoin with Skrill. This cryptocurrency trading platform has been around since 2015. Paxful boasts of over 5 million active users who trust the platform. Paxful trading platform is regulated and in compliance with the OFAC (Office of Foreign Assets Control) sanctions. Safety for Paxful means a strict verification process and a team of cybersecurity professionals who constantly work towards the safety against harm and hackers.

    Paxful allows its users to benefit from around 300 payment options including credit cards, gift cards and online payment options; so you can safely buy your Bitcoin with Skrill from trusted Paxful platform. Users also praise Paxful when it comes to actioning smooth transactions and their decentralised approach towards trading since all buyers can choose a seller and connect independently. Their user-trust ratings are also relatively high.

    As mentioned earlier Paxful gives you the option to buy Bitcoin from Skrill. New members can register an account on Paxful via a simple registration link and the filling of a form with name, address, email and an active ID; a verification email will be sent for you to complete your registration.  Once you’re registered and verified, click on Buy Bitcoin and choose Skrill as your payment method; this will feature all relevant offers. You can use your verfied Skrill account to verify yourself with users. Then, click on ‘Accept Terms and Buy Bitcoin’.

    3 Ways to Buy Bitcoin with Skrill Instantly (2021 Update)

    Buy Bitcoin with Skrill option on Paxful


    • Features over 5 million users worldwide
    • supports over 300 payment options
    • Safe 2 Factor Authorisation for Verification
    • A good feedback system featuring seller’s reputation
    • Excellent Customer Support


    • Though buyers pay no fees, sellers do
    • Paxful is for buyers and sellers rather than traders

    Visit Paxful

    3. Bitpanda – Best Broker to Buy Bitcoin with Skrill

    Founded in 2014 ad with over 50 cryptocurrencies, EU-operated company Bitpanda is one of the best broker to buy Bitcoin with Skrill. Bitpanda boasts of 1.2 million users and with new funds and investments in 2020, the company is seeking to grow even further.

    One of the best features of Bitpanda as praised by reviewers is its ease of use. When purchasing digital assets, Bitpanda has created a very simple platform that even the noobest of noobs of traders can navigate with ease through the platform.

    Buying Bitcoin with Skrill has never been easier. Bitpanda’s new user registration offers a very simple, fast and yet safe identity verification process. The exercise includes inserting your personal details, have identification at hand, and then you will be prompted with a short video call from Bitpanda for personal verification; this process is much faster than other platforms, where verification can take much longer than that.

    Once you’re verified, the platform’s dashboard pops up. Select ‘Trade’ at the upper right menu and choose the ‘Buy’ option and ‘BTC’ (Bitcoin).

    Then, choose your payment method and choose Skrill.

    Skrill Bitcoin • eWallet-Optimizer

    Option to buy Bitcoin with Skrill on Bitpanda


    • User friendly especially for beginners
    • Integrated Waller
    • Supports debit/credit cards and wallet Skrill
    • 5 FIAT Currencies available
    • Over 1 million customers


    • Extra costs for payment methods
    • No staking

    Visit Bitpanda

    How to Buy Bitcoin with Skrill – Step by Step Guide

    Safely buying Bitcoin with Skrill has never been easier. Enlisted below are 4 basic steps you need to follow. In less than ten minutes, you will be able to buy Bitcoin with Skrill.

    1. Sign-up with eToro – Click ‘Join Now’ on the eToro homepage. Proceed with entering your email address, and choose a username and password. 

    2. Upload ID – After you verify your account, upload a proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).

    3. Deposit via Skrill – As you deposit method, choose Skrill. A minimum deposit of  200 USD (around 142 GBP)  is required. Future minimum deposits are only at 50 USD (around 42.5 GBP)

    4. Buy Bitcoin – Type ‘BTC’ into the search bar. Then click ‘Trade’ at the top of the screen. Insert the total amount you’d like to invest. Make sure to double-check everything before you finally press ‘Open Trade’.

    How to Buy Bitcoin with Skrill Today – eToro Tutorial

    Available in over 200 countries and amongst the easiest e-wallet platforms to use, Skrill is one of the best options in town to buy Bitcoin. With safe methods of payments and transactions, their reputability is high. They also have been around for quite a while now (since 2001), so they’re at the top of their game.

    Below we will show you how you can buy Bitcoin with Skrill through the FCA regulated broker e-Toro. No unpleasant surprises – no fees and no commissions to be paid.

    Step 1: Sign-Up For an eToro Account

    In this guide, we will use the cryptocurrency broker ‘E-Toro’ as its one of the most top-regulated   To sign up for an account, open the eToro homepage and click on ‘Sign Up’. Proceed with providing your email address and choose a username and password, then press on ‘Start Trading’

    How to sign up at eToro to buy Bitcoin with Paypal

    Step 2: Verification of your ID and Address

    eToro is dead serious about security, so verification of any identification presented is a must step for new subscribers. You can complete the verification process in just a few minutes. You just have to upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill). eToro will then verify these documents; once verified, you can move on to step 3.

    eToro Forex Trading: Please verify your eToro account | Milled

    Step 3: Choose your Skrill Account and Input Funds

    Next eToro steps will lead you to the ‘Fund Your Account’ step, where users are asked to make a deposit; eToro doesn’t charge any fees for such deposits.

    In this window, the users are presented you with different deposit options to buy Bitcoin and other cryptos including bank transfer, credit/debit and different e-wallets. From the drop down menu choose e-wallet Skrill.

    How To Deposit An Etoro Account With The Skrill E-Wallet In 5 Steps

    How to Buy Bitcoin with Skrill on eToro

    Step 4: Search for Bitcoin

    You finished funding your account so you start searching for Bitcoin. Go in the search bar at the top of the screen and type ‘Bitcoin’. Many options will come up when you type ‘Bitcoin’, so choose the BTC option, which would generally be the first option. Proceed with clicking the ‘Trade’ button.

    Step 5: Buy Bitcoin with Skrill

    Next window will prompt you with the amount you’d like to invest. The minimum investment eToro allows a minimum investment of $50, which is approximately equivalent to £35. Once you make sure everything is inserted correctly, click ‘Open Trade’.

    Open a trade on etoro to buy Bitcoin with Paypal

    Buy Bitcoin with Skrill

    Why is Skrill one of the Most Trusted E-wallets?

    Skrill digital wallet, formerly known as Moneybookers, has been around since 2001 and is still growing. Currently, Skrill operates in more than 120 countries, featuring 40 different currency options.

    Most importantly, Skrill is legit. It owns numerous licenses that enable it to offer its services in Europe, USA and all over the world. For Europe services, Skrill is operated by Paysafe Payment Solutions Ltd.; the latter is regulated by Ireland’s Central Bank Of Ireland. For its operations outside Europe, Skrill is operated through Skrill Limited which is incorporated within the UK and regulated by the FCA (Financial Conduct Authority).

    Skrill offers a variety of services. Clients can fund their Skrill account through different payment options; including bank transfers, credit/debit cards, Rapid Transfers, Paysafecard, and even payments from other e-wallet services such as Neteller and Klarna. Skrill also gives access to businesses to more than 100 other local payment options.

    Bitcoin Exchange in Skrill: transfer money into coins and back | Baxity

    What is also great about Skrill is that it offers cross-border payments options through its ‘Skrill Money Transfer’  feature, where a remittance would be issued once payment is done. More precisely, this service enables customers to directly send money to an overseas bank account through their own bank card.

    In 2018 Skrill started offering crypto services to its users as well; where they could buy and trade cryptocurrencies. This also means that Skrill offers you as a user to buy one of the strongest cryptocurrencies out there – the Bitcoin. Bitcoin was the first functioning cryptocurrency that served as a lead point to future cryptocurrencies ever since. Though competition has increased substantially, Bitcoin still stands as one of the strongest currencies in crypto market.

    Skrill has its Pros & Cons

    Overall Skrill is one of the easiest e-wallet platforms to use out there, and the fact that they have expanded and developed so much over the past 20 years in business, makes them one of the most trusted e-wallets worldwide. Skrill is also excellent because it supports many payments options, and also supports numerous trading platforms such as eToro; which makes it easier to trade high-end cryptocurrencies such as Bitcoin.

    Skrill has also room for improvement though when it comes to prepaid cards being available only in Europe. Also, the customer support, though helpful, can sometimes take longer to answer queries.

    VIP Rewards Programme

    ‘Join The Club’ reads VIP Rewards Programme’s welcome page as the Programme boasts of numerous benefits for its VIP users. The VIP club is aimed more at professionals and offers perks like Lower Fees, Higher Transaction Limits, 24/7 Support, a personal account manager and the possibility to be invited to exclusive events such as worldwide tournaments and festivals.

    Skrill VIP account 2021: how to make, benefits, requirements | Baxity

    Options and Fees For Skrill Withdrawal

    Skrill offers numerous withdrawal options including bank transfers, visa, MasterCard and mobile wallet withdrawals. It also lets you withdraw through other E-wallet service providers such as Netteller.

    Withdrawing funds vary depending on the wallet. For crypto wallets, the fee is 2%, for Neteller its 3,49%, and for Visa it’s 7.5%.

    Privacy at the Core to What Skrill Does

    What is so great about E-wallets similar to Skrill is that they are much more private than using bank transfers or using your own debit card. Skrill acts as an intermediary between payments from one paying party to the receiver, without disclosing any personal information or bank account details. Since Skrill would be a trusted payment source, it would be trusted by both seller and buyer – creating a safe bridge between both; where transactions can pass through safely.

    Skrill has a dedicated team of checking each and every transaction to avoid fraud and ensuring data protection.

    Buy Bitcoin With Skrill Anonymously

    E-wallets as well as trading platforms mentioned above such as eToro and Paxful offer you the options to be anonymous. E-wallet Skrill for example lets you create and use Skrill account without the verification of your identity, as long as nothing illicit is being done. This enables users to Buy Bitcoin With Skrill anonymously, through cryptocurrency brokers such as Paxful.

    Skrill Account Registration - - Skrill Account Verification

    Safely store your Bitcoin when making a Skrill Deposit

    When you have a paper currency, you store it in a wallet. The digital wallet does the exact same thing but with digital currencies. So, once you buy Bitcoin cryptocurrency via Skrill, it would be a wise option to safely store the Bitcoin to keep it safe and off the exchange. You need a wallet to be able to store your Bitcoin and there are many options out there. Here we have studied the 5 Best Bitcoin Wallets

    E-wallets are there for your everyday use and are easily accessed through apps. These wallets have personalised secret codes that link your Bitcoin balance to you as an individual; without these codes, the Bitcoin cannot be accessed.

    Bitcoin and UK Taxes

    UK traders and investors are subject to capital gains tax (CGT) on their ETH profits when they sell, which need to be reported annually by self-assessment.

    In October 2021, the HMRC announced it will be sending nudge letters to crypto investors to remind them to report crypto sales on their yearly tax returns. The first £12,570 of income is not taxed, and the tax rate for income above that is 10% if you are employed in the basic rate income band (up to a £50,270 salary).

    eToro: Our Recommended UK Cryptocurrency Platform

    Our Rating

    eToro exchange
    • FCA, ASIC and CySEC regulated - 20 Million Users
    • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
    • Free Demo Account, Social Trading Community
    • Free Secure Wallet - Unlosable Private Key
    • Staking Rewards for holding ETH, ADA or TRX
    • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
    eToro exchange
    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.


    How can I buy Bitcoin with Skrill?

    Certain brokers, such as eToro, will allow users to fund their account via Skrill. Once the account has been funded, it's easy to buy Bitcoin through the online trading platform.

    How do I buy Bitcoin with Skrill with no ID?

    Buying Bitcoin with Skrill without ID is not something you will be able to do. Trustworthy and reliable brokers such as eToro will always require you to verify yourself before being able to buy Bitcoin – this is a sign that they use strict security processes. If you use a trading platform that does not require ID, it’s likely this platform isn’t regulated, and therefore your capital may be at risk.

    Where can I buy Bitcoin with Skrill?

    In our experience, the best place to buy Bitcoin with Skrill is with eToro. This is because eToro allows fee-free Skrill deposits to fund your account and also do not charge any commissions when you buy Bitcoin.

    How do I withdraw Bitcoin to Skrill?

    Log into your Skrill account, then click on 'Crypto Wallet' and input the money you want to withdraw from your account, and a destination to where your money will be deposited.

    How much does it cost to buy Bitcoin with Skrill?

    This depends on which trading platform you use. If you go with eToro, you will not have to pay any commissions or transaction fees when buying Bitcoin. Skrill transactions on the other hand have a 1.5% on transaction fees and 0.5% on Crypto P2P.

    How to buy Bitcoin with Skrill instantly?

    As long as your account has passed the verification process on the broker you use - for etoro this involves uploading a copy of your government issued ID such as a passport and proof of address - Skrill deposits and bitcoin trades are processed instantly.


    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    Visit eToro

    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

    eToro - UK Crypto Broker
    Visit eToro

    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.