Online payment system Skrill offers Crypto Exchange Service, allowing customers to buy or sell cryptocurrencies. What do we know?
25 July, AtoZ Markets – Digital currencies, Bitcoin, Ethereum and a host of other virtual coins can now be bought or sold via Skrill crypto exchange service. This news is coming at a time when there is a surge in the prices of cryptocurrencies.
Online Payment System Skrill Offers Crypto Exchange Service
Paysafe’s subsidiary Skrill, a UK-based money transfer services provider has ventured into the digital currency space, as it launched a fiat-to-crypto exchange service that offers an easy method to buy or sell four of the biggest cryptocurrencies, Bitcoin, Ethereum, Litecoin and Bitcoin Cash for over 40 currencies.
According to the company, there are over 100 deposit methods available to users.
“Exchange from 40 fiat currencies to Bitcoin, Bitcoin Cash, Litecoin or Ether and back to your wallet currency instantly and securely no additional verification is needed.”
As announced in the company’s website, this unique service is now available to both new and existing Skrill customers. In the near future, Skrill is expected to add more cryptocurrencies just like US-based crypto exchange, Coinbase.
Moreover, it is worthy of note that there is no provision for an additional Skrill wallet to buy or sell digital coins as Skrill users can make exchanges using their already existing wallet.
Currently, this new Skrill functionality is available in 36 countries, including the UK, South Africa, the UAE and most European countries. However, residents of USA and Russia are denied access to this service at the moment.
On the bright side, the company has hinted a possibility of expanding its services, stating that the list of countries “is subject to change”.
Skrill Crypto Exchange Rates
The company has a fixed rate of 1.5% for every purchases and sales of cryptocurrencies made against dollars and euro. In regards to exchange rates, the company stated:
“Our rates are very competitive by comparison to the average market rates on the major cryptocurrency exchanges.”
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