# Crypto balance in Skrill

#### You:
what can i do with my crypto balance in skrill

#### ChatGPT:
Here’s a clear overview of what you **can and can’t do with your crypto balance in Skrill** (based on Skrill’s current services):

### ✅ **What you *can* do with crypto in Skrill**

1. **Buy & Sell Cryptocurrencies**\
   You can use your Skrill fiat balance (EUR, USD, etc.) to **buy and sell a selection of cryptocurrencies** (e.g., BTC, ETH and others supported by Skrill). This is done through Skrill’s crypto trade feature. ([skrill.com](https://www.skrill.com/en/support/question/189/?utm_source=chatgpt.com), [skrill.com](https://www.skrill.com/gr/support/question/85/?utm_source=chatgpt.com))

2. **Track Crypto Prices & Set Alerts**\
   Skrill lets you **monitor prices**, set **price alerts**, and use **limit or recurring orders** to buy/sell automatically. ([skrill.com](https://www.skrill.com/en/support/question/189/?utm_source=chatgpt.com))

3. **Convert Crypto to Fiat**\
   You can **sell your crypto back into fiat currency** within Skrill and then use that fiat balance for other purposes. ([skrill.com](https://www.skrill.com/en/crypto-withdrawals/?utm_source=chatgpt.com))

4. **Withdraw Fiat (after selling crypto) to Bank or Crypto Wallet**\
   After converting crypto to fiat, you can:

   - **Withdraw the fiat to your bank account**. ([skrill.com](https://www.skrill.com/en/crypto-withdrawals/?utm_source=chatgpt.com))
   - **Withdraw to an external crypto wallet address** by selecting “Withdraw to Crypto Wallet” - Skrill will convert your fiat to crypto and *send that crypto* to the specified wallet address. ([skrill.com](https://www.skrill.com/en/crypto-withdrawals/?utm_source=chatgpt.com))

   *Important:* Skrill doesn’t let you send the crypto you *already bought within Skrill* directly to another wallet - you must first sell it to fiat and then withdraw to crypto. ([skrill.com](https://www.skrill.com/en/footer/terms-conditions/skrill-crypto-currency-terms-of-use/?utm_source=chatgpt.com))

### ❌ **What you *cannot* do (limits of Skrill crypto)**

- **You generally cannot send your existing Skrill-held crypto directly to an external wallet** (without first selling to fiat and then using the fiat-to-crypto withdrawal). ([skrill.com](https://www.skrill.com/en/footer/terms-conditions/skrill-crypto-currency-terms-of-use/?utm_source=chatgpt.com))
- **You can’t use your Skrill crypto balance to pay merchants directly**. ([skrill.com](https://www.skrill.com/en/footer/terms-conditions/skrill-crypto-currency-terms-of-use/?utm_source=chatgpt.com))
- **You can’t spend crypto via a Skrill prepaid card**. ([skrill.com](https://www.skrill.com/en/footer/terms-conditions/skrill-crypto-currency-terms-of-use/?utm_source=chatgpt.com))
- **You can’t transfer crypto into your Skrill account from another wallet or exchange**. ([skrill.com](https://www.skrill.com/en/footer/terms-conditions/skrill-crypto-currency-terms-of-use/?utm_source=chatgpt.com))

### 💡 Practical Uses for Your Balance

Here are common ways people use their balance:

✅ **Convert your Skrill crypto to fiat and spend the money** - e.g., use it for purchases, deposits on platforms, or normal banking transfers.\
✅ **Withdraw to your own crypto wallet** - good if you want full control of funds outside Skrill.\
✅ **Trade/speculate** - buy low/sell high within the platform, but be aware of fees and risks. ([skrill.com](https://www.skrill.com/en/support/question/189/?utm_source=chatgpt.com))

### ⚠️ Tips & Considerations

- **Fees:** Skrill charges fees for buying/selling crypto and for withdrawals; amounts vary by region and transaction size. ([Globe Funder](https://globefunder.com/skrill-crypto-review/?utm_source=chatgpt.com))
- **Account Verification:** Full verification may be required for crypto and withdrawal features.
- **Availability:** Features vary by country - not all options may show in your Skrill UI.

If you tell me **which country you’re in and what balance type you have (crypto vs fiat)**, I can give more specific steps on how to act.


#### You:
how do i withdraw to crypto

#### ChatGPT:
Here’s **how to withdraw from Skrill *to a crypto wallet***, step by step. This is the official way Skrill supports crypto withdrawals.

> ⚠️ Important first:\
> You **cannot send crypto you already hold in Skrill directly** to another wallet. Skrill requires you to **use fiat balance** for crypto withdrawals.

---

## ✅ What you need before withdrawing

- Your **Skrill account fully verified**
- A **fiat balance** (EUR, USD, etc.)
  - If you currently hold crypto → **sell it to fiat first**
- An **external crypto wallet address** (BTC, ETH, etc.)

---

## 🔁 Step 1: Convert your Skrill crypto to fiat (if needed)

If your balance is currently crypto:

1. Log in to Skrill
2. Go to **Crypto**
3. Select the cryptocurrency you hold
4. Tap **Sell**
5. Convert it to a fiat currency (e.g., EUR or USD)

---

## 🚀 Step 2: Withdraw fiat *to crypto*

1. Go to **Withdraw**
2. Choose **Cryptocurrency**
3. Select the crypto you want to receive (BTC, ETH, etc.)
4. Enter your **external wallet address**
   - Make sure the network matches (e.g., BTC → Bitcoin network)
5. Enter the amount (in fiat or crypto)
6. Confirm the transaction

Skrill will:

- Convert your fiat → crypto
- Send that crypto to your wallet

---

## ⏱️ Processing time

- Usually **minutes to a few hours**
- Can take longer depending on:
  - Blockchain congestion
  - Verification checks

---

## 💸 Fees to expect

- **Crypto conversion fee**
- **Network (blockchain) fee**
- Fees vary by crypto and country

Always review the fee summary before confirming.

---

## ❌ Common mistakes to avoid

- ❌ Sending to the wrong wallet/network (this can permanently lose funds)
- ❌ Trying to withdraw Skrill-held crypto directly (not supported)
- ❌ Using an exchange wallet that requires a memo/tag without entering it

---

## ✅ Best practice

- Send a **small test amount first**
- Double-check the wallet address (copy/paste, don’t type)
- Keep screenshots of confirmations

---

If you want, tell me:

- **Which crypto** you’re withdrawing (BTC, ETH, USDT, etc.)
- **Which wallet or exchange** you’re sending to (Trust Wallet, Binance, Coinbase, etc.)

I’ll walk you through the safest exact setup for that destination.
