Skrill


Skrill Review

Author bio.

Stéphane BottineStéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.

FCA Register

  • Awards
  • Best Digital Wallet, 2019 - Juniper Research
  • Pros
  • Buy Bitcoin or other crypto-currencies.
  • Easily send money to any email address.
  • Deposit money with hundreds of Forex brokers.
  • Spend or withdraw profits with a prepaid Mastercard.
  • Cons
  • Not suited for day trading because of its currency exchange fees.
  • Prepaid Mastercard is only available in Euros.
  • Monthly inactivity fee after 12 months.

Send and receive money with just an email address, phone number or bank details with Skrill.com. The money inside your Skrill Wallet is instantly available for you to spend online or in the real world.

Receive money

Once you've opened an account online, you can receive money from other Skrill.com users by sharing your email address or phone number. Receiving money is always free of charge.

You can also deposit money into your Skrill Wallet. Skrill supports over 100 deposit methods, most of which are free. It's free to use a debit card or credit card in your name to instantly fund your Skrill Wallet. It's also free to deposit funds from a bank account in your name. Of note, Skrill also accepts deposits from Bitcoin and Bitcoin Cash Wallets.

Send money

Send money from your Skrill Wallet to any email address. If the recipient doesn't already have a Skrill account, Skrill will help them get setup. Money transfers between Skrill accounts are free if you funded your account via card or a bank transfer. A fee will apply if you never made a deposit to your Skrill account or funded it differently.

Skrill also allows you to send money across boarders directly from your bank account or card, to a bank account or mobile wallet, like M-Pesa, in over 40 currencies. It's free to send and receive money through the Skrill Money Transfer Service, which explains why it is a popular choice for African, Asian and Middle Eastern users.

For transactions that involve an exchange of currencies, Skrill adds a 3.99% to the market exchange rate. This is identical to that charged by NETELLER, and compares favourably against other money transfer services such as TransferWise, WorldRemit or Western Union. Visit Skrill.com to see how much you could save.

More reasons to use Skrill

Trade Forex, CFDs or play poker

Many Forex brokers and CFD providers accept deposits and withdrawals through Skrill.com. These include the likes of FxPro.com, eToro.com and AvaTrade.com. Most brokers will process funds received from your Skrill Wallet within 24 hours, free of charge - significantly faster and cheaper than bank transfers. Some, like FxPro.com, aim to fund your account in as little as 10 minutes. This could help you make the most of market moves.

Buy and sell crypto-currency

Skrill allows you to buy and sell crypto-currency directly from your Skrill Wallet. Instantly convert 40 fiat currencies to Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP and 0x. Take advantage of price movements to buy or sell through automated orders, once certain prices points are reached. You may also build your crypto-currency reserves over time through scheduled purchases.

Withdraw money

Shop online and offline, at home or abroad, anywhere that Mastercard® is accepted with a Skrill Prepaid Mastercard®. You may also withdraw cash at over 2.1 million ATM machines worldwide. There are no credit checks and you benefit from the added privacy that your Skrill's balance isn't linked to your bank account.

Regulation

Skrill is a trading name of Skrill Limited, a company incorporated under the laws of England and Wales with registration number 4260907. It is authorised by the Financial Conduct Authority (FCA) for the issuance of electronic money. The company's FCA e-money register number is 900001.

Electronic money accounts aren't bank accounts. For this reason, the UK’s Financial Services Compensation Scheme (FSCS) doesn't apply to your Skrill Account. In the unlikely event that Skrill becomes insolvent, you may lose the electronic money held in your Skrill Account.

Markets

  • Asset classes
  • Forex (CFD)
  • Cryptos (CFD)
  • Cryptos
  • Stocks (CFD)
  • Stocks
  • Indices (CFD)
  • ETFs (CFD)
  • Metals (CFD)
  • Energy (CFD)
  • Commodities (CFD)
  • Bonds (CFD)
  • Asset classes (#)
  • Cryptos12

Trading platforms

  • Trading platforms
  • Operating systems
  • Web trader
  • Android
  • iOS

Account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

  • Deposits and withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • Bitcoin
  • Bitcoin Cash
  • Skrill
  • Account base currencies

Regulators

  • Company information
  • Company nameSkrill Limited
  • Head officeLondon, UK
  • Incorporation date2001
  • Regulators
  • UKFCA No. 900001

Alternatives