We use cookies to optimise our site and allow us and 3rd parties to tailor ads you see on sites. By using this site you agree to our cookie policy

LearnBonds UK

Skrill UK – How to Open an Account and Deposit Guide

In this guide, you will learn about using Skrill in the UK and how it is a great way to add funds to an online casino or forex trading account.
Avatar
Author: Andrew O'Malley
Last Updated: May 20, 2020
Skrill UK
Skrill UK

If you are looking for an online payment option that is very quick and easy to use, look no further than Skrill. This guide will walk you through each step in the process of starting a Skrill account, adding funds to it and then using it to deposit to an online casino or forex trading account.

Skrill has been around since 2001 and it has grown into one of the premium digital payment processors that you could find. Your sensitive financial information will be properly protected when making online transactions. Its competitive fee structure and ease of use are other standout qualities.

Table of Contents

    Why use Skrill?

    Skrill (formerly called Moneybookers) has been around since 2001, meaning that it has learned a lot over the years about optimizing its customer experience. Countless people in the UK and across the world use Skrill on a daily basis to conduct their online transactions due to its numerous qualities.

    Protection of Sensitive Data

    One of the fundamental attributes of using Skrill as an online payment option is that your sensitive financial data is shielded from the third-party platform you are using. If you did not use an e-wallet such as Skrill, you would have to trust your credit card or banking info with the third-party merchant. There will then be concerns about the safety of this data when it is in transit and how it is stored by the third-party.

    With Skrill, none of this financial data is ever communicated with the merchant. You do not have to worry about any third-party leaks that will potentially compromise your information. All you need to do is provide your Skrill username and password when making a transaction and you are good to go.

    Easy to Use

    Using Skrill as a payment method is also extremely straightforward. Setting up an account takes just a matter of minutes as does adding funds to this account. Limited info is needed when using Skrill to make a payment and these transactions take place in a very fast and efficient manner.

    Deposits to the likes of online casinos and forex brokers will usually process instantly. When a withdrawal request has been approved by a given operator, funds will hit your Skrill account much quicker than if you were using a debit card or bank transfer withdrawal option.

    Step 1: Open a Skrill UK Account

    The first step is signing up for a Skrill UK account. Go to the Skrill website and select the ‘Register’ option. You will be taken to a page where you need to enter your full name, country, preferred account currency, email address and set a username and password. By clicking ‘Register’ you will be agreeing to the Skrill terms and conditions. You will then receive an email confirming that your account is now active.

    Register Skrill

    Step 2: Fund Your Skrill Account

    After you have signed up for your Skrill account, you can then add funds. To do so, select the ‘Deposit’ menu option. You will then see all of the different funding methods that are available to you and their relevant fees. Choose one of the options and decide who much you wish to deposit to Skrill and complete the transaction as normal. 

    Skrill funding

    Step 3: Select Your Skrill Casino or Forex Broker

    Once you had funds in your Skrill account, you will then be ready to get started with an online casino or forex broker account. There are many great different offerings that you can choose from that support Skrill in the UK. Here are the leading options that have been handpicked by our expert team:

    1. 32Red Casino - Best Online Casino for Skrill in the UK

    32Red Casino has been a trusted online casino for many years, with the platform first launching back in 2002. This makes it one of the older online casinos that you will find and they put this experience to good use in the playing experience.

    The casino is powered by Microgaming, with most of its titles being from this developer, with titles also coming from the likes of Big Time Gaming also. There are countless different slots games to choose from, ranging from classic slots to ultra-modern video slots. There is a range of different progressive jackpots, with some of them having a seven-figure jackpot on offer, such as Mega Moolah.

    If you prefer table games, most of the bases will be covered at 32Red Casino. You can choose from many different variants, with the likes of roulette having fifteen different options in this regard. You also have a well-stocked live dealer casino at 32Red with 27 different options to choose from. There is also a sports betting, poker and bingo offering that you can try out.

    Mobile gameplay is just as good as playing on the desktop and you have access to 24/7 customer support. For new players, there is a 150% deposit bonus, allowing you to get bonus funds of up to £150.

    Overall, 32Red Casino is one of the best online casinos out there today, having a great selection of different gambling products to choose from and great player support.

    Our Rating

    • Large selection of quality games
    • Extensive live dealer casino
    • Customer support available 24/7
    • Great welcome bonus
    • Only a few different software providers

    2. eToro - Best Online Forex Broker for Skrill in the UK

    eToro is well-respected in the online forex space having first started out in 2007. Over the years, it has developed into one of the best brokers in the space. It is well-regulated across the world, including in the UK by the Financial Conduct Authority (FCA).

    Its main focus is on forex and CFD trading, but there is also the option to trade stocks, ETFs and a selection of cryptocurrencies. One of the main draws to eToro is the social trading aspect that allows people to follow and copy the trading of other traders. This is an ideal way of beginners to learn the ropes of trading, by copying the more successful traders on the platform.

    For the forex trading offering, the fees are about standard for the industry. For the other tradable products, the fees are pretty low. The trading platform is very easy to use and available in a number of different languages. It is well-designed and has a lot of great features.

    One of the downsides to eToro is that it may lack a bit in customization and research departments. Therefore, it is usually better suited to beginners or casual traders. The customer support team is very accessible and will provide you with great support.

    Overall, eToro is a great offering that ticks all boxes for most traders.

    Our Rating

    • Forex, CFD and crypto trading
    • Competitive fee structure
    • Social trading capabilities
    • Easy to use trading platform
    • Not many customization options

    Step 4: Fund your Casino or Forex Broker Account

    Now that you have chosen the online casino or forex broker that you are going to use, you will be ready to use Skrill to add funds to these respective accounts quickly and easily after you have successfully registered for an account.

    For 32Red

    To set up a 32Red Casino account, you will need to enter key info such as your full name, country of residence and date of birth. You will get an email that allows you to activate this new account. Before making a withdrawal, you will have to provide proof of ID and proof of address to verify your identity. After doing so, you can log into your account and select the ‘Deposit’ option. Once you do so, you will be faced with a selection of different deposit methods to choose from on a pop-up page.

    32Red Casino deposit options

    Select the Skrill option and simply enter how much you wish to deposit and your Skrill account details. These funds will then process instantly to your 32Red Casino account.

    32Red Skrill

    For eToro

    The process of signing up for an eToro account takes a matter of minutes. Simply enter key info such as your full name, address, date of birth etc. Then you need to select the ‘Deposit Funds’ menu option. Here you will see the various options that are on offer for you to use. For your first deposit, you can only use a credit card, debit card, PayPal or a wire transfer.

    After doing so, you can use Skrill for all subsequent deposits. Simply select the Skrill option and enter how much you wish to deposit and your Skrill account info. These funds will be credited to your account instantly.

    eToro Skrill funding

    Step 5: How to Withdraw Your Funds

    If you have had some nice wins at 32Red Casino or you have made some profitable trades on eToro, you may want to withdraw some of these funds to your Skrill account. This is another straightforward process.

    For 32Red Casino

    To withdraw funds from your 32RedCasino account, simply select the ‘Banking’ menu option and click ‘Withdraw Funds’. You can then choose your preferred withdrawal option and how much you want to take out. Simply enter your Skrill address and confirm the withdrawal. Once this withdrawal request has been confirmed by 32Red Casino, your funds will hit your Skrill account within a few hours.

    For eToro

    To withdraw funds via Skrill from your eToro account, you need to select the ’Withdraw Funds’ option. You will see how much withdrawable funds you have on offer. Select how much you want to withdraw and the method you wish to use. Simply enter your Skrill details and you will be good to go. These funds will often hit your Skrill account within a few hours and definitely within 24 hours in the vast majority of cases.

    Step 6: How to Withdraw From Skrill to Your Bank

    If you have a lot of funds in your Skrill account, you may want to withdraw some of them to your bank account. Simply choose the ‘Withdraw’ menu option and select the ‘Bank account’ option. If your bank account is not already linked to your Skrill account, simply enter the relevant bank details and how much you want to withdraw from Skrill. It’s as simple as that. The funds will usually take 2-5 working days to process to your bank.

    Skrill withdrawal

    Skrill Fees & Other Expenses

    Naturally, there are going to be fees associated with using Skrill that you need to consider.

    There is no fee for opening a Skrill account. If you are withdrawing funds from Skrill, there is a flat fee of £4.90 for bank withdrawals, a 7.5% fee if withdrawing to Visa, 1.45% if withdrawing to a mobile wallet and a 1.75% ATM withdrawal fee is using a Skrill Prepaid MasterCard.

    There is no charge for receiving funds or depositing funds to Skrill. Sometimes there is a small fee for sending Skrill funds to an online casino or forex broker, but these will usually be absorbed by the platform.

    Conclusion

    As you have seen, the process of getting started with using Skrill is very straightforward and does not take much effort at all. The perks of using this service are very clear, being an ideal way to fund your online casino or forex broker accounts.

    Our Recommended Skrill UK Casino

    Our Rating

    32Red Casino Payment Methods
    • Large Selection of Quality Games
    • Extensive Live Dealer Casino
    • Customer Support Available 24/7
    • Great Welcome Bonus
    32Red Casino Payment Methods

    Our Recommended Skrill UK Forex

    Our Rating

    • Supports social trading, copy trading and copy portfolio features
    • Trade on the go via the eToro mobile trader
    • Highly transparent fee structure
    • A wide range of advanced trading tools and analytics

    FAQs

    Is there a fee for receiving funds via Skrill?

    You will not be charged a fee for receiving funds via Skrill.

    How fast is a deposit to an online casino or forex broker by using Skrill?

    For most platforms of these kinds, the funds will be credited to your account pretty much instantly.

    How long does it take to register for a Skrill account?

    This process could not be easier, you only need to fill out a few short pieces of information and you will be ready to go with your new Skrill account.

    Do a lot of online casinos and forex brokers accept Skrill?

    Yes, most popular online casinos and forex brokers will offer Skrill as a funding option.

    Why is Skrill a secure option to use?

    You are not trusting financial data to a third-party merchant when using Skrill. You add funds to your Skrill account and these funds are used to safely conduct transactions with a third-party merchant.

    Avatar

    Andrew has been writing about the gambling industry for more than five years, covering everything from sports betting to casinos and poker. With the sector constantly evolving, he loves nothing better than staying up to date with the latest movers and shakers in the space.