How To Deposit and Withdraw Money from Olymp Trade With a Skrill E-Wallet

Jan 02, 2024 8634 0

Electronic payment systems are becoming increasingly popular. People are tired of paying huge bank fees and waiting for days until their funds are transferred.

In terms of the service quality, payment systems have long been ahead of traditional banks, or, at least, they have caught up with the banks. They managed to eliminate the shortcomings of traditional transfers and offer the best financial conditions.

What is Skrill?

Skrill is one of the best known payment systems in the world. In step with the study of their first trading strategies, Olymp Trade users create Skrill wallets not to waste time on searching for a convenient payment tool.

Here is why Olymp Trade recommends that you follow the example of these traders.

How to Use Skrill on Olymp Trade?

The first thing to do is register. Your e-mail address will be your identifier in the system, therefore it is strongly recommended to use a reliable mail service.

Partial confidentiality means that the recipients of your money or the senders of your funds will know who they are dealing with. You need to enter your real name and surname, as they must match your bank account / credit or debit card details through which money will be deposited or withdrawn from / to your Skrill account.

The registration procedure is short and simple. At the first stage, you will need to provide your real name, email address, and also come up with a password.

How To Deposit and Withdraw Money from Olymp Trade With a Skrill E-Wallet

When you first deposit money to your account, you will need to provide information about your place of residence, postal code, and date of birth. To avoid any problems, specify the correct data. You can edit this information in the settings.

How much do Skrill Transfers Cost?

Another reason to use Skrill is that the commission payments for transactions are transparent. You know how much the company will get for withdrawing funds to your bank account or a cryptocurrency wallet.

Inpayments are not charged at all. When you withdraw $1000 from the Olymp Trade account, you will receive exactly $1000.

Skrill collaborates with more than 15 000 companies worldwide. You won’t be charged extra when paying for goods and services of various suppliers.

The maintenance of the wallet is free, provided you carry out at least one transaction a year.

Transactions speed

As soon as Skrill is a large payment system, it is used by many well-known financial service providers. Therefore, the transactions are fast.

Traders should appreciate that both funding an Olymp Trade account and withdrawing funds are carried out quickly.

Currency exchange

If you are looking for where to buy a cryptocurrency, note that Skrill allows you to convert your funds into digital coins. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased directly in your account.

You can also exchange fiat currencies. There are about 40 currencies of different countries available in the system.

Mobile apps

Following the trends, Skrill has official apps for Android and iOS devices. With their help, you can carry out any possible operations via a smartphone or tablet.

Safety

Skrill has been operating since 2001. The company is an innovator in the field of e-commerce, and the system has proven its reliability for 17 years.

Additional legal guarantees are provided by the Financial Conduct Authority (FCA). This government agency ensures that Skrill provides services to consumers honestly.

The only thing you need to remember is that you may be asked for a number of documents to carry out transactions with large amounts of money. This will be required to verify your account to comply with the Know Your Customer policy.