Connect with us

Blog

Skrill launches crypto trading offering

Alisha Jose

Published

on

Skrill launches crypto-trading offering
Source: Skrill

Crypto investors now have a new way of buying some coins. The online payments service from Skrill has been extended to include the option of buying cryptocurrencies.

This move into the world of digital currencies means that the company’s 35 million account holders can easily buy Bitcoin, Ether and other coins directly from their Skrill wallet.

What is the Service All About?

At the moment, Skrill is offering the chance to buy Bitcoin, Bitcoin Cash, Litecoin and Ether. This can be done using more than 100 payment methods. Included in this list are 40 different fiat currencies.

Customers who open a Skrill wallet don’t need to carry out any additional identification checks to start buying and selling crypto coins. The commission rates stated on their site are 1.5% for buying and selling using US Dollars or Euros with 3% charges made on other currencies.

There are more than 30 countries covered by this new service. This includes the UK, Ireland, Canada, South Africa, France, and Spain among others. It is believed that the plan of Skrill is to introduce their crypto service to other markets later.

They are looking at putting the cryptocurrency buying and selling onto their mobile app. In addition, Skrill is also said to be planning to put it into the Neteller digital wallet that is operated by the same parent company, Paysafe Group.

Source: Pixabay

Source: Pixabay

How Popular Has Skrill Become?

Skrill started in 2001 as Moneybookers and changed over to its current name in 2013. Back in 2010, this was classed by the Sunday Times as being the number one private equity firm in the UK. It is typically used to transfer cash between friends or to pay online for goods and services.

As well as being used to send money from one person to another, this service is also popular for adding funds to accounts on third-party sites. Skrill is particularly popular on gaming sites that use accounts funded with real money. For example, at online Casino Cruise where you can play roulette online, you can use Skrill to fund your account so that you can play the likes of French Roulette, Immersive Roulette, European Roulette, and Rapid Roulette.

It is also an option for adding funds to some existing cryptocurrency exchanges and platforms. Skrill is accepted on sites such as eToro and BitPanda. They also offer a MasterCard linked to your account, to let you withdraw cash and spend in shops all around the planet.

It isn’t clear how many customers they have right now. Skrill stated that they have 35 million wallet holders, but it seems safe to assume that not all of them are active users.

The addition of this new service certainly opens up the world of cryptocurrencies to far more people. Anyone who has been wondering about how to get started on buying some digital coins might decide that this is the simplest way for them to do so.

Lorenzo Pellegrino is the CEO of Skrill. He said that the crypto world is “exciting and dynamic” right now. He went on to say that they have made the “entire process very straightforward”. Skrill says that they will be using “a recognized cryptocurrency exchange” to trade and hold the coins.



Follow us on Telegram | Twitter | Facebook



Alisha Jose does not belong to our organization, her opinions are her own. With a finance major and a passion for writing, she contributes for AMBCrypto.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blog

Boss Crypto Review – Inside The Crypto Academy

Guest Author

Published

on

Boss Crypto Review - Inside The Crypto Academy
Source: Boss Crypto

As a cryptocurrency trader and investor myself, I understand how important high-quality information, market analysis and educational material is. In this Boss Crypto review [bosscrypto.co] I am going to go behind the scenes and do my best to outline the pros and cons of their new Crypto Academy.

Let’s Begin…

Welcome To Boss Crypto

After you fill out your application form and activate your free trial you will need to wait for 6-12 hours for your application to be reviewed. When you are accepted you will receive three emails from Boss Crypto.

  1. An invitation to join the private channel
  2. A welcome email which contains a one-click cancellation link in case you want to cancel your free trial before getting billed
  3. Your login details to the membership site where you get access to the crypto trading course, the portfolio and the lessons archive

If your application is not accepted you will receive a message stating that your subscription has been canceled, they have wiped your details from the database and you will need to apply again at a different time.

Your adventure begins with a personally written welcome email from Tom at Boss Crypto. I have previously seen free trading courses that he has put out, as well as enjoyed reading his writing on Medium and Quora so it was nice to receive a personal email from him.

Joining The Private Channel

After accepting the invitation to join the private channel you will be taken to the #get-started channel. There is a ton of reading to go through here to help you make the most of the Boss Crypto channel. There are complete support documents all hosted on Intercom which makes adjusting to the new environment quite easy.

Source: Boss Crypto

You will quickly learn that there are two main channels used by the Boss Crypto traders and one main discussion channel. Even though there are 22 channels that are used for all kinds of discussions between members it is surprisingly easy to get all of the information you need in just three of those 22 channels.

My first experience with the type of content in the Boss Crypto Private channel was a little surprising. There is a focus on education, unlike anything that I had seen in the past. When I arrived I found a number of in-depth video market updates, updates on their positions, portfolio and market analysis all in the last few days. The way it was framed was all to try to explain the reasoning and methodology behind the decisions themselves to try to help the students [me] understand how to think and how to act in different market conditions.

Signing In To View The Course

You receive your login credentials as soon as you start your free trial so you are free to jump in and start the course straight away.

The course is divided into four main modules with a fifth bonus module.

Boss Crypto

Boss Crypto

The overall experience of taking this course is fantastic, as you can see from the above screenshot [Technical Analysis Next Level Setups] each module is broken down into a number of lessons and then those lessons are broken down into individual topics. So one module can contain over 5 hours of video lessons.

Reviewing the Boss Crypto Trading Course

Here is what you learn in the Crypto Trading Course:

Module One – Cryptocurrency Essentials and Foundations

  1. Cryptocurrency, blockchain, and Bitcoin explained clearly for the first time
  2. How to get your fiat to Bitcoin – simple, fast, safe.
  3. How to safely store your cryptocurrency so you never get scammed or hacked.
  4. Get access to our top cryptocurrency exchanges and learn how to use them
  5. Learn how to read a chart and completely understand what it all means.
  6. Learn our formula for valuing cryptocurrency and blockchain projects.

This section is targeted for people that are new to cryptocurrency and trading. It starts with an overview of Bitcoin and Blockchain technology which would be helpful for those that still don’t quite understand the technology. It is followed by a basic overview of the best practices you should follow to keep yourself while investing in the cryptocurrency markets as well as a summary of the basic skills you need.

Module Two – Trading: Emotions, Plans, Mindset and Success

  1. Conquering Emotions, Mindset and Success
  2. Goal Setting To Conquer Trading & Life
  3. Organize Your Life and Your Trading
  4. Your Trading Plan [Includes Downloadable Template]
  5. Your Trading Journal [Includes Downloadable Template]

This was an interesting section. It starts out talking about the role emotions play in trading and investing and really helps you to understand the significance of your mental state. Tom then begins to break down his own life in regards to organization, goal setting, trading and formulating a success mindset. This was a really unique section and I really enjoyed it.

He then brings it back to trading providing you with a trading plan that you can use and optimize for your own specific situation. He also provides his trading journal template which I have been using religiously since receiving it.

Module Three – Technical Analysis: Next level setups and strategies

  1. Basics of technical charting
  2. Are We Bullish Or Bearish? The Basics Of A Trend
  3. How To Use Trend Lines
  4. Support and Resistance Levels
  5. A Complete Run Down On Technical Indicators
  6. Fibonacci Levels
  7. Classical Charting Patterns
  8. Trading Candlestick Setups

This is for the intermediate traders and go through the essential knowledge you need to successfully analyze markets using a technical framework. There isn’t anything that I could think of that was left out however as technical analysis is a large field there are plenty of other aspects you could research further, such as Elliot Waves theory etc.

Module Four – The Boss Crypto Trading Strategy

  1. The Setups
  2. Focussing On The Trend and Market Cycles
  3. Drilling Down Multiple Timeframes
  4. Managing The Trade – Your Complete Guide
  5. The Fractal Model
  6. Position Sizing and Risk Management

This is the most in-depth course I have seen that teaches an actual trading strategy. In this module, you learn the exact strategy used by the Boss Crypto traders. I found this module quite intense and had to re-watch it to make sure I fully understood all of the concepts that were explained. However, after going through it I had a complete framework that I could now use to evaluate the markets. Combined with the support I received in the private channel meant that I could use the strategy, and ask for help whenever I got stuck.

Reviewing the Boss Crypto Private Channel

There are two main trades channels that you will need to follow to get value from the private channel. Those channels are #trades and #trades-2. In these channels Boss Crypto – Boss and Boss Crypto – Alex post their trades and analysis.

Source: Boss Crypto

There is no real substitute for seeing the real thing, but I thought I would share the above picture to give you an example. This was half of the post from yesterday’s market update from Boss.

In the private channel there are two other main trades channels #Trades-4 and #Trades-5 where their partner from JRM Jason Jenkins and their fundamental analyst who has been investing since 2011 post their trades and analysis.

Between the four trades channels there is an incredible wealth of information posted.

I made use of the #help channel a number of times posting questions about exchanges, technical support, information about wallets and generally anything that I needed help with. My questions were always answered by another member of the community or Boss himself often within minutes.

The main discussion channel #trades-chat was extremely active and I was learning a lot just joining in the discussions there with other students.

Overall the experience of using the Boss Crypto private channel was extremely rewarding. They cover literally everything that I need. From news, to support, analysis, market updates, discussion channels, ICO analysis, trades, portfolio suggestions and just a fun place to hang out the Boss Crypto private channel has it all.

Conclusion

I recommend anyone reading this to try out the Boss Crypto Academy with their 7-day free trial option, just click the “try for free” button and submit your application. You can sleep easy knowing that even if you forget to cancel your subscription before the end of the 7-day free trial you are covered by their 30 day money back guarantee to get a hassle-free refund.

While the price of the service is $99/mo if you break it down to $3 per day, this is one of the absolute best investments that you can make in the space. So please, don’t take my word for it, head to Boss Crypto and try it yourself for free right now.

Continue Reading

Trending