It is safe to say that cryptocurrencies are here to stay. In the past year alone, the total market capitalization of all digital currencies has grown from $17 billion to over $800 billion, and shows no signs of slowing down.
Ethereum, the second largest cryptocurrency by market cap, has seen even more explosive growth, increasing from $7 billion to over $70 billion in the same time period.
With this kind of growth, it is no surprise that more and more people are looking to get involved with Ethereum. However, for those who are new to the world of cryptocurrency, the process of buying Ethereum can seem daunting.
In this article, we will walk you through the steps of how to buy Ethereum with Skrill.
Skrill is an online payment platform that allows users to send and receive money. It is similar to PayPal, but with lower fees.
Skrill also offers a prepaid Mastercard, which can be used to withdraw cash from ATMs or make purchases anywhere Mastercard is accepted.
The first step in buying Ethereum with Skrill is to sign up for a Skrill account. This can be done on the Skrill website.
Once you have created your account, you will need to verify your identity by providing some personal information and uploading a copy of your ID.
After your account has been verified, you can then deposit money into it using a variety of methods, including bank transfer, credit/debit card, or instant bank transfer from a supported country. For our purposes here, we will assume you are using a bank transfer.
Once the money has been deposited into your Skrill account, you can then exchange it for Ethereum. To do this, log into your account and go to the “Money” tab.
Under “My Money”, select “Skrill Wallet” and then click on “ ETH” in the list of supported currencies.
Enter the amount of ETH you want to buy and click on “Exchange Now”. The funds will then be transferred from your Skrill account into your ETH wallet. And that’s it! You have now successfully bought Ethereum with Skrill!.