In this post I will explain the simplest way to trade cryptocurrency even if you dont have any crypto coin and without needs to create and have crypto or BitCoin wallet. If you are beginner in crypto you may also read my post how to start with BitCoin or any other crypto here.
Many crypto trade platforms require very complicated registration and verification process. You can avoid complicated verification on crypto exchange sites and trade inside Skrill wallet. Skrill is one of the best online wallets and very popular on freelance platforms, but also supported as payment method on many sites such as PayPal (Skrill mastercard debit card), Steam, sport betting sites (Bet365) etc.
Skrill is available in most countries but some countries are excluded.
List of excluded countries is here. All other countries are supported.
How to start?
First step is to register Skrill account. It is very simple and you can do it here.
After that you need to make deposit.
Supported methods are:
- manual bank transfer
- credit and debit card
- BitCoin & Bitcoin Cash
When you have deposited some money you are able to start with cryptocurrency trade. My recommend is also to activate higher security – 2 factor authentication on security section inside settings area.
You are not able to send cryptocurrency from Skrill to your crypto wallet. You can only trade and exchange for fiat money (Euro, Dollar).
You can buy BitCoin for small price ( ~4000 USD at this moment ) and keep it until price reach ~5000 USD. Then you can exchange again to USD and you will have profit 25%.
I am using Skrill mobile app on Iphone but it is also available for Android.
On next screenshots you can see how it looks on mobile phone. I have made small test with ~ €12.
Supported cryptocurrencies at this moment:
- 0x (ZRX)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Ripple (XRP)
- Stellar (XLM) New!
- EOS (EOS) New!
You can withdraw money to your bank account. Also is available to order Skrill mastercard and you can withdraw money on any ATM that support mastercard.
Hope that this information is useful for you. If you have any questions or doubts feel free to place a comment.