Bitcoin Halving: How to Buy Bitcoin and Spend Profits with Skrill

Buy Bitcoin before the 2024 Halving Event and spend your profits with Skrill.

Bitcoin halving is a big deal in the world of cryptocurrency - it is the biggest event in the crypto community in 2024. It affects the amount of new Bitcoin created and can impact its price. 

Many people want to buy Bitcoin and make profits from the investment. But once you've earned money from crypto, what's the best way to spend it? And even more so, what is the best payment method?

This article will explain Bitcoin halving and show you how to purchase Bitcoin easily. We'll also discuss using Skrill to turn your crypto profits into your local currency. 

If you don’t have a Skrill account yet, you can open one here >>

PREPARING FOR BITCOIN HALVING

In April 2024, the next Bitcoin halving is about to happen, a significant event for all in the crypto community. 

It occurs every four years and means the reward for mining Bitcoin gets cut in half. Usually, after the halving happens, the price of Bitcoin goes up. 

Many crypto believers consider this a good time to jump in and invest into Bitcoin and other crypto assets. 

Skrill is handy for dealing with cryptocurrencies. It lets you easily convert 40 different currencies into crypto, including Bitcoin. Buying and spending crypto profits are simple - especially for people who aren't experienced traders. 

So, with Skrill, even beginners can easily manage Bitcoin's halving and potential effects.

UNDERSTANDING BITCOIN HALVING

Bitcoin halving affects the total supply of Bitcoin that can ever exist. There's a limit to how many Bitcoins can be created – only 21 million, to be precise. 

This scarcity is important because it helps determine Bitcoin's value. When mining rewards decrease, fewer new Bitcoins are made, which makes them rarer. If people still want to buy Bitcoin, its price can go up. Therefore, the halving is a significant event for anyone involved in Bitcoin.

Bitcoin halving is not just a technical adjustment: you should consider it as a fundamental piece of Bitcoin’s monetary policy.

IS SKRILL THE ULTIMATE CRYPTO SERVICE?

In the crypto space, Skrill is a popular digital wallet - it is easy to use and offers strong crypto features, making it simple even for non experienced traders to purchase Bitcoin.

Skrill makes it easy to buy and change cryptocurrencies. You can buy different crypto assets like Bitcoin, Ethereum, and Litecoin simply with just a few clicks. Plus, you can convert your crypto assets into 40 fiat currencies. 

With your Skrill app, you can instantly sell your cryptos and spend money in your local currency with a Skrill MasterCard. 

What really makes Skrill stand out is how safe and reliable it is.

Start exploring the world of cryptocurrencies with peace of mind >>

BUYING BITCOIN WITH SKRILL

Skrill has made the process of buying Bitcoin straightforward and accessible for everyone. 

Here’s a simple step-by-step guide on how to buy Bitcoin using Skrill:

1) Account Setup (Skip this step if you already have a Skrill account)

The first step is to create a new Skrill account. Visit the Skrill registration site >> and click on the ‘Register’ button. Fill in your personal details and set up your login credentials. 

2) Depositing Funds

Once your account is set up, you need to deposit funds into it by connecting your bank account or credit card to Skrill wallet. Then, navigate to the ‘Deposit’ section and follow the on-screen instructions.

3) Purchasing Bitcoin

When you have funds in your Skrill wallet, you’re ready to buy Bitcoin. To do that, go to the ‘Crypto’ tab and select ‘Bitcoin’ from the list of available cryptocurrencies. Then enter the amount you wish to purchase, and click ‘Buy’. Skrill will convert your funds into Bitcoin.

Is there a fee on crypto? Skrill charges a fee for its services. The fee for buying Bitcoin is typically around 1.5% of the transaction amount, which is more or less the same as on other crypto exchanges. 

SPENDING CRYPTO GAINS WITH SKRILL CARD

The Skrill Card is a physical and virtual card that serves as a direct link to your Skrill wallet. It offers a seamless way to spend your cryptocurrency gains in your local currency.

• Skrill Card Features

The Skrill Card comes with many cool features. You can make online and offline payments anywhere in the world where MasterCard is accepted. It offers ATM withdrawals, giving you instant access to your money. The card has advanced features to safeguard your account and provide secure transactions.

• Spending Crypto Gains

With Skrill Card you can spend crypto profits instantly. Once you’ve traded your cryptocurrency for your local currency in your Skrill account, these funds become available on your Skrill Card. It works like any other debit card. 

• Convenience and Flexibility

The Skrill Card is also very flexible - if you’re shopping online, dining out, or buying groceries, you can use your crypto earnings to pay for these expenses. This makes the Skrill Card practical for your day-to-day use.

CONVERTING CRYPTO TO FIAT CURRENCY WITH SKRILL

Skrill offers a straightforward platform for users to convert their cryptos into fiat currency. This feature is a key component of Skrill’s comprehensive ewallet services.

• Crypto Conversion Overview

Skrill’s platform supports around 40 cryptocurrencies, including Bitcoin and Ethereum. You can easily convert these digital assets intoyour local currency, be it USD, EUR, or GBP or any other from a long list of supported currencies. 

The conversion process is completed within the Skrill wallet, so you won’t need external exchanges or services to do that.

• Easy Crypto Conversion

Converting crypto to fiat with Skrill is very simple and fast. 

Simply choose the cryptocurrency you wish to convert >> pick the fiat currency you want to receive >>  and confirm the transaction. 

Funds are instantly available in your Skrill account, ready for spending or withdrawal at ATMs.

• Fees and Exchange Rates

While the exact fees and rates may vary based on the specific transaction details, you can always review this information before confirming the transaction. This assures there are no surprises - it is really transparent. 

MANAGE BITCOIN HALVING STRESS-FREE WITH SKRILL

Skrill is handy during events like Bitcoin halving, which can shake up the crypto community. With Skrill app, you can buy, sell, and spend Bitcoin in a snap, making managing your digital currency transactions super convenient. And it has other benefits of an ewallet, like sending money to friends and family. 

Skrill makes dealing with cryptocurrencies simple - super intuitive UI, easy to navigate and the app will always have a confirmation step - so you are absolutely sure in what you are doing. It is finances, after all! 

Want to learn more about using Skrill for cryptocurrency? Head over to WikiWallet knowledge base. We’ve got you covered. 

Sign up for Skrill today and start reaping the benefits of its crypto services >>