FAQ

Skrill: Reliable Payments on Olymp Trade

How to fund your account using one of the most popular payment systems

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. https://lh4.googleusercontent.com/xacwkDPRZZnfDWzNZxj14Gaq276vgdvJhe3YjBdS4KM7P3XrBgrScXiTgrmLDUOVxhJAyOYEKYYakOrP67Xbenh59v_04q5cIN6b8R4u6lDiU7clqqpJ2g6wAIBpjB5PW5D7Zbki Within a few seconds, you will get a message from Skrill to the specified e-mail with a link to confirm registration. Click it, re-enter your email address and password. https://lh3.googleusercontent.com/aoWFZ3HHsBb_vOcmr_dhHxF2TTJ11xfYBJ7sWYsVmSt7vsKY-fPXQnTj8Vm4_5N06Jp-MqLkAZ5hj6Drez2cnZKQilrDKplx2c9joD_QL7H5Jp3JZinBguom1zUTvBsEvx4CdAfj

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. https://lh6.googleusercontent.com/2CDLG6dUI4ug8EIN2LUtPtTXvsX_IElFBZ01kUaGwp2kWnk8yYATqAxVwnv4gHihSNt5cqyfWPFRUBo-uk0W-zJYULIiTQhIn5thfejV2zSPFtGOqv6AGiajkonKZcAAXm7l2f4r Now you need to top up the Skrill wallet. There are different ways how you can do it: using a credit card, Neteller electronic system, bank transfer, cryptocurrency and other local payment methods available in your country.

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.

https://lh3.googleusercontent.com/Kf6SWrVZb9e9vuQ9SMU2afp_D4kDbEy7RPGIxA3ek7HbcuDkmQJ3NG891PT8STxzPrzkTh3BceuolyKJuaMAGk_VGVXA3puHKVxsIodEMLhHlriBjT-BqTOnQ7UN3vQ5UbQXv9BV https://lh4.googleusercontent.com/xdmyQo_iI1oHWgjAFkBeYMEEvisQhtcdC2GzpzrTRDNTz8xBjJxp5RaF8jhImtjD9JTF-IenIHFy67siRW8Xk7Wcozypal4CMPG7Qbkgk2ovw8UPmRFqT01MMSQnK0ozFMa0rxfH

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.

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.

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. https://lh4.googleusercontent.com/Nmo0P_V1SGp21lu8fk9qpvitmKSRpi5gbegjSYX0i4Deh36LCzmCkHBq4CBZhw0dLLxY4TjdvIS3JcfvMiMVp-P1Q7VLboA5nOPlr9OJsl7R48expKtYbD2g1xyZ69W86TNau74_ It is impossible to imagine trading without using payment systems. If you are looking for a universal payment tool, it’s time you paid attention to Skrill.

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