[Pedro]

Is there a way to move Bitcoin to a Skrill account and covert it to USD in the process efficiently and inexpensively?

I admit that I just started reading about Bitcoin so I didn't yet do my most extensive research on the subject but so far I have only seen peer-to-peer exchanges where you sell your Bitcoins to other individuals who send you USD to your Skrill account in exchange. This can not only take time for someone to take a trade but they also have really bad 'exchange rates'.

So, is there a company or to which you can instantly sell your 'unlimited' amounts of Bitcoin and they pretty much instantly send you USD to your Skrill account without raping you with massive transaction costs in the process?

Thanks for all the input,

Pedro

[Grivas_Digeni]

Get a Neteller account. Log in. Click Money in. You will see a list of deposit options, Bitcoin included.

5% or 2% is the fee I believe.

Free tip: pay maximum bitcoin fee to avoid possible delays. It's worth it.

[Optional]

Is there a way to move Bitcoin to a Skrill account and covert it to USD in the process efficiently and inexpensively?

I admit that I just started reading about Bitcoin so I didn't yet do my most extensive research on the subject but so far I have only seen peer-to-peer exchanges where you sell your Bitcoins to other individuals who send you USD to your Skrill account in exchange. This can not only take time for someone to take a trade but they also have really bad 'exchange rates'.

So, is there a company or to which you can instantly sell your 'unlimited' amounts of Bitcoin and they pretty much instantly send you USD to your Skrill account without raping you with massive transaction costs in the process?

Thanks for all the input,

Pedro

Most efficient (cheapest) way is to use an exchange with a low brokerage fee to convert it to US$, send that to a bank account and load Skrill from there.

Nowhere regulated/safe (that I know of) is going to send direct to Skrill on your behalf and I think Skrill might reject third party transfers anyway.

[Pedro]

Get a Neteller account. Log in. Click Money in. You will see a list of deposit options, Bitcoin included.

5% or 2% is the fee I believe.

Free tip: pay maximum bitcoin fee to avoid possible delays. It's worth it.

This looks possible though it looks like there is a limit on how much can be deposited using bitcoin. It stands at $2650/month which may not be high enough, though this might increase if this method is used more often. Is that correct?

Pedro

[Pedro]

Most efficient (cheapest) way is to use an exchange with a low brokerage fee to convert it to US$, send that to a bank account and load Skrill from there.

Nowhere regulated/safe (that I know of) is going to send direct to Skrill on your behalf and I think Skrill might reject third party transfers anyway.

Yeah, this way of doing it is extremely time consuming and cumbersome which makes it simply impossible for me.

I might have found another way of doing it. I am testing it right now and report back on it if it's plausible.

Pedro

[Winpro]

https://exmo.com/en/docs/fees
2% Withdrawal fee to Skrill from this BTC exchange.

[Pedro]

https://exmo.com/en/docs/fees
2% Withdrawal fee to Skrill from this BTC exchange.

So, this is also an exchange where you exchange bitcoin for dollar with other users? Correct?

That is something I am trying to avoid as well.

[Pedro]

It looks like 'cubits.com' is a solution to what I was looking for though now there also seems to be a pretty low withdrawal limit in bitcoins at my bookie.

So it may not be that practical after all, but cubits does seem to simply convert to bitcoins into one's Skrill account without much hassle.

Pedro

[Optional]

It looks like 'cubits.com' is a solution to what I was looking for though now there also seems to be a pretty low withdrawal limit in bitcoins at my bookie.

So it may not be that practical after all, but cubits does seem to simply convert to bitcoins into one's Skrill account without much hassle.

Pedro

Cubits is one of the European ones that actually bans gambling like the US ones

6.1.8 your use of the Services will not involve gambling or any other activity with an entry fee and a prize, including, without limitation casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, and sweepstakes, unless you have obtained our prior approval and you (and/or your customers) are located exclusively in jurisdictions where such activities are permitted by law.

[Pedro]

Cubits is one of the European ones that actually bans gambling like the US ones

I see. That's good to know, though how can they tell where the bitcoin comes from? How can they tell that it's coming from a sportsbook?

Pedro

[Optional]

I see. That's good to know, though how can they tell where the bitcoin comes from? How can they tell that it's coming from a sportsbook?

Pedro

I don't know exactly but Coinbase and Circle seem to be able to sometimes.

You can try always using an intermediary wallet like the free Blockchain one between books and Cubits. That seems to work to some extent.

[Pedro]

Thanks for that idea.

I guess for an intermediary, I can just have a bitcoin wallet installed (with the full blockchain) on my desktop and have the sportsbook send it there first, and then onto cubits. As you are implying, in that case, it just looks like the bitcoin is coming from some person, somewhere.

Pedro

[theviking]

Get a Neteller account. Log in. Click Money in. You will see a list of deposit options, Bitcoin included.

5% or 2% is the fee I believe.

Free tip: pay maximum bitcoin fee to avoid possible delays. It's worth it.

Neteller bitcon deposit fee is 1%

[Winpro]

So, this is also an exchange where you exchange bitcoin for dollar with other users? Correct?

That is something I am trying to avoid as well.

Pedro, do you know the Betfair exchange? You bet with other users there, but all calculations are made by the administration. And I think the Exmo works the same way. You don't need to think whom are you trading with. You get US dollars to your special exchange account and then may withdraw them by Skrill or any other way.

[Pedro]

Pedro, do you know the Betfair exchange? You bet with other users there, but all calculations are made by the administration. And I think the Exmo works the same way. You don't need to think whom are you trading with. You get US dollars to your special exchange account and then may withdraw them by Skrill or any other way.

Hmm, if it works like Betfair, that's pretty good. I might take a closer look at it.

Thanks,

[Pedro]

Neteller bitcon deposit fee is 1%

Yeah, Neteller should work as well, except they have a reasonably low monthly deposit limit.