Consumers Can Now Buy Cryptocurrencies via Their Neteller and Skrill Account

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Staff member
May 3, 2008
Neteller and Skrill, the world's leading digital wallet providers are now officially offering their customers the chance to sell and buy cryptocurrencies. Using one of the 40+ available in your Skrill wallet and 28+ flat currencies available in your Neteller wallet, you can instantly buy and sell cryptocurrencies including Litecoin, Bitcoin, Ether and Bitcoin Cash.

If you already have an account, you won’t need to make any additional effort to buy or sell cryptocurrencies. If you don’t have one, just register, make your account on Skrill or Neteller, select ‘Exchange’ and in a few more steps you will be able to begin selling, buying and holding cryptocurrency using your wallet.

The CEO of Neteller and Skrill, Lorenzo Pellegrino stated that they have recognized the need of connecting the dots between traditional money and cryptocurrency and made people’s dreams come true by implementing this user-friendly and efficient way of bringing cryptocurrencies closer to consumers.

How Does It Work?

In order to start using the Skrill and Neteller cryptocurrency service, you will need to open an account. Once you do that, you will be able to exchange your fiat currency (over 40 currencies with Skrill and over 28 with Neteller) to cryptocurrency, with the opportunity to hold an interest via your wallet in a range of cryptocurrencies, including Litecoin, Bitcoin, Ethereum and Bitcoin Cash. Other cryptocurrencies are expected to be added in the near future.

Once you request for an exchange, your cryptocurrency balance will appear in your Skrill or Neteller account instantly, 1 or 2 seconds after the exchange is confirmed. Skrill and Neteller promise very competitive cryptocurrency rates of exchange in comparison to the average market rates. You can use all your balance to sell or buy cryptocurrency, depending on the maximum transaction limits that are associated with your existing account.

You can use your Skrill or Neteller balance to spend or send money anywhere that accepts Neteller or Skrill respectively, once your balance is exchanged back to your wallet currency. The best thing is that you will need no additional verification; everything is covered by Neteller and Skrill. You will find this to be the easiest way of buying and selling cryptocurrency using your preferred local method.

Country Availability

The Skrill and Neteller cryptocurrency service is available in over 30 countries for customers who use Skrill and Neteller. For now, it is not available all around the world, since opening a Skrill or a Neteller account is not legal in many countries. If opening an account will not violate any regulations or laws, you can open an account and take advantage of the service.

There is an extensive list of non-serviced countries on both Skrill and Neteller’s websites, which is being constantly updated, where you can see whether your country allows the use of Skrill and Neteller or not. Currently, Neteller does not provide services to 53 countries, while Skrill is not available in 39 countries.

On the other hand, people from the following countries already have this service on their disposal: Ireland, UK, South Africa, Australia, UAE, Argentina, Switzerland, Austria, Spain, Belgium, Sweden, Brazil, Slovenia, Bulgaria, Slovakia, Canada, Portugal, Columbia, Poland, Croatia, Peru, Cyprus, Norway, Czech Republic, Netherlands, Denmark, Mexico, Finland, Malta, France, Luxembourg, Greece, Liechtenstein, Hungary, Latvia, and Italy.

Fees and Supported Fiat Currencies

To exchange cryptocurrencies, fees are charged at the time of exchange. Both Skrill and Neteller charge from 1.5% to 3% for exchanging your balance to cryptocurrency. It is the most cost-effective to exchange from Euros and Dollars, since the fee for these currencies, for both buying and selling, is 1.5%. For all other currencies, the fee is 3% for both buying and selling.

The fiat currencies that you can use, besides Euros and Dollars, for which a 3% fee applies are the Swiss franc, the Australian dollar, the Mexican peso, the Indian rupee, the Japanese yen, the British pound, the Brazilian real, the Colombian peso and the Russian ruble. Other currencies are to be added in the future, depending on the consumers’ demand and depending on countries’ laws and regulations. Nevertheless, this service will continue to strengthen its presence in the ever-increasing market and will continue to improve.

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