Skrill customers can use their Bitcoin to buy other cryptocurrencies

Rajan Dhall, MSTA FX Daily

From today, Skrill customers can now use BTC to buy other cryptocurrencies using the Skrill Cryptocurrency Service.

This is a massive move of convenience from Skrill. Before you would have to sell the BTC move the fiat back into another wallet and then buy the other crypto of choice.

Now you can just buy other cryptos straight from Bitcoin from your Skrill wallet. Adding to this, there is now a Bitcoin pairing available for every cryptocurrency available in Skrill.

Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, said:

We know that our customers want more functionality to make it even easier for them to access and interact with cryptocurrency. Cryptocurrency is an important part of what we do in digital wallets and using our scale and vast experience of the payments industry, we’re continually enhancing our service to help our customers get the most out of the crypto ecosystem

Skrill is part of the payments platform, Paysafe, which has a solid track record for providing payment services for many specialised industries. Paysafe have also recently reported plans to roll out the new crypto-to-crypto buy and sell feature in its NETELLER digital wallet in the next few months.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.