Using Crypto with Neteller and Skrill

Neteller and Skrill are two of the leading e-wallets on the planet and each allows customers to buy and sell cryptocurrencies. The process of doing so is simple and using cryptocurrencies with those e-wallet options also offers advantages to members that play at online casinos. Almost all of the online casinos accept Neteller and Skrill and more and more of them are jumping on the cryptocurrency bandwagon.

Both Neteller and Skrill allow for the buying and selling of cryptocurrencies, as both are a part of the Paysafe Group. Paysafe’s cryptocurrency service is widely recognized as one of the leading services the world over.

One of the reasons that using cryptocurrencies at online casinos is advantageous is that it offers complete anonymity. This not only the case for the player at the online casino but also their transaction. The purse number for the transaction can be tracked but you will not have to verify your identity.

Anonymity can be a key aspect at playing at online casinos and this is especially the case playing from areas where online gambling is not legal or there are banking issues relating to online gambling. Typically, the most popular cryptocurrency used at online casinos is Bitcoin, but others are available as well.

Why Are Cryptocurrencies Good for Playing at Online Casinos?

The main reasons why it is advantageous to use cryptocurrencies at online casinos are:

  • Anonymity
  • No or very low commission
  • Instant processing times for deposits and withdrawals

Another advantage of using cryptocurrencies is that more and more online casinos that accept that banking method offer unique bonuses and promotions for players that use cryptocurrencies. Anytime you can pad your playing bankroll with a bonus you should jump on it, as you simply have more money to play with, which then gives you more of a chance to win. However, like with any other bonus you need to make sure you can fulfill the wagering requirements before opting into it.

Buy and Sell Crypto – Neteller

At Neteller it is very easy to buy, hold, and sell cryptocurrencies. It uses a recognized cryptocurrency exchange to do those things and the transactions can be made in Bitcoin, Bitcoin Cash, Ethereum, XLM, XRP, 0x, Ethereum Classic and Litecoin. These cryptocurrencies can be bought and sold in the many flat currencies that the Neteller wallet supports.

If you have a Neteller account you only have to login into it and choose Crypto. Then you have total access to buy and sell cryptocurrencies.  The cryptocurrency service is available in many countries and markets around the world and on top of that you can take care of any cryptocurrency transaction through the Neteller mobile application.

Here are the steps to take to buy/sell cryptocurrencies at Neteller:

  • Login to your Neteller account and choose Crypto.
  • Pick the chosen cryptocurrency and Fiat Currency.
  • Input the amount of crypto you want to buy or sell.
  • Check out the fees associated with the transaction and click Confirm.

Here are the fees for buying and selling your balance to cryptocurrency for Neteller:

Buying crypto

1.5% of the transaction using Euros and US Dollars in your Neteller wallet and 3% of the transaction for other currencies.

Selling crypto

1.5% of the transaction using Euros and US Dollars in your Neteller wallet and 3% of the transaction for other currencies.

Buy and Sell Crypto – Skrill

There are over 100 ways to buy cryptocurrencies safely and easily using Skrill. You can also exchange any of the 40 flat currencies that Skrill supports into Skrill, into Bitcoin, Bitcoin Cash, Litecoin or Ether and then right back. The process is quick and very convenient and there is no verifications needed when buying and selling cryptocurrencies using Skrill.

You can exchange the balance in any currency supported by Skrill into crypto. To do that login into your Skrill account and click on the EXCHANGE tab and then pick the pair of currencies that you want to exchange. You can hold any number of different cryptocurrencies in your Skrill wallet and you do not have to open any new wallets. The cryptocurrencies that you can buy and sell on Skrill are Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP and 0x.

With Skrill you can take advantage of crypto price movements and there is no need to login with automated orders. You can set the trigger price you want and Skrill can then do the rest. With the buying and selling of cryptocurrencies you can grow your financial portfolio. You can use Skrill as a type of broker letting them know how you want to invest and how much.

Skrill also has a solid loyalty program called Knect. You earn points in the program every time you buy and sell cryptocurrencies. You can trade the points accumulated into things such as cash rewards and bonuses for trades.

Here are the fees associated with the buying and selling of cryptocurrencies for Skrill:

Buying

  • Transactions up to €19.99 =  €0.99 per transaction
  • Transactions between €20 – €99.99  = €1.99 per transaction
  • Transactions above €100  = 1.50% per transaction

Selling

  • Transactions up to €19.99= EUR 0.99 per transaction
  • Transactions between €20 – €99.99 = 1.99 per transaction
  • Transactions above €100 = 1.50% per transaction

Person to Person Crypto Transfers    

All Cryptocurrencies – 0.50% per transaction

Skrill Crypto Deposit

It is a very fast and simple process uploading cryptocurrencies to your Skrill account. Here are the steps to take to do that:

  • Login to your Skrill account.
  • Click the Upload button and a window will pop up showing you all of the deposit options available.
  • Choose the cryptocurrency that you want to deposit with.
  • You will then be taken to the processing page for that cryptocurrency such as bitpay for Bitcoin. There you can use the barcode given or also copy “copy payment URL” link that you can use for your crypto wallet.
  • Input the amount you want to deposit.
  • Wait for the payment to be processed, which is typically a few hours. Until the deposit is processed in your Skrill transaction history it will show you that the deposit is “pending.”

Last Updated on July 1, 2020