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.
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.
It is easy to create a Skrill account
It won’t take you long to create a Skrill wallet. Select “Register” on the main page. Enter your details: first name, last name, current email address, and create a password to log in.
After that, you will be redirected to the personal account of the payment system. After the first authorization, the system will offer you to choose the country of your location and select the account currency. Olymp Trade users prefer to work with USD or EUR.
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.
Savings in fees and better conditions
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.
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.
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.
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.
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.
In addition, the company wants to protect users from unforeseen situations with additional safety systems. For example, after registering, a user is asked to set up two-factor authentification and a secret six-digit pin code.