Buy Bitcoin with Skrill

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Buying Bitcoin with Skrill explained

Start the process

To buy Bitcoin with Skrill, Paybis is the right place for all your digital currency needs. So, follow these brief steps to buy BTC with Skrill:

  • 1st Step: Create a Bitcoin wallet—we suggest using Electrum.
  • 2nd Step: Start a new transaction on Paybis.
  • 3rd Step: Verify your identity and enter your BTC address.
  • 4rth Step: Pay with your Skrill funds and you will receive Bitcoin shortly after.

All this should take 10-15 minutes to complete and if you need more information, swipe through the next steps.

How Bitcoin works?

Bitcoin is a virtual currency that solves the problems many people face when dealing with traditional money:

  • With Bitcoin there is no central authority that changes the supply of the coin.
  • Bitcoin is decentralized and all users can see the details of all Bitcoin transactions.
  • Bitcoin can be used worldwide - it can be sent to anyone, within a few seconds.
  • Finally, Bitcoin has a very limited supply because it is capped at 21 million coins. 
These are some of the reasons Bitcoin's price is expected to increase over time.

Why use Skrill to buy Bitcoin?

Aside from Bitcoin, there are many other payment systems that allow users to send and receive money online. The most popular of these services is Skrill. It allows users to store, send and receive funds, making Skrill a great alternative to traditional online banking.
Because of its ease of use this UK-based company has become one of the most well-known options for online money transfers.
This is the main reason why buying Bitcoin with Skrill is so popular and why Paybis offers this solution to its customers.

Where to store Bitcoin?

To buy Bitcoin with Skrill successfully, you need a Bitcoin wallet. It's like your bank account that only you can access.
It’s important to mention that there are 3 types of Bitcoin wallets:

  • Desktop wallets - Offers great security and reliability. The most popular option is Electrum.
  • Hardware wallets - This is the option that offers maximum protection and Ledger is the most trusted option.
  • Online wallets - Very easy to set up.

For first time buyers, we suggest using Electrum wallet - it's secure and easy to use.

Creating BTC wallet

To proceed, here's how to create Bitcoin wallet:
  • 1st Step: Download the Electrum wallet that's compatible with your device.
  • 2nd Step: Click on “Create your wallet”.
  • 3rd Step: And head over to the "Receive" section where you'll find your BTC address.
Next, it’s finally the time to buy BTC with Skrill. So, scroll back to the top and proceed with the purchase.
In case, you need further assistance - check the steps shown below or contact our support team.
Once you complete the purchase and want to learn about the things you can do with Bitcoin, swipe to the last step.

What can you do with Bitcoin

Bitcoin has changed the way people send, receive, and store value across the web. 
On top of that, very few actually understand the benefits of BTC. So, here are the use cases of Bitcoin:

All this and a lot more are the things that makes Bitcoin so versatile. 
So, now you know the basics of Bitcoin and in case you haven't, you can proceed to buy Bitcoin with Skrill.