Bitcoin is a currency, such as the Euro, the US dollar or the Colombian peso, used to exchange goods and services. However, unlike other currencies, Bitcoin is an electronic currency that presents novel features and stands out for its efficiency, security and ease of exchange.
Its biggest difference compared to other currencies, it is a decentralized currency, so nobody controls it. Bitcoin does not have a central issuer like dollars or euros, the cryptocurrency is produced by people and companies from around the world devoting a lot of resources to mining.
The whole process of this SkyPrivate payment method includes the following:
- withdraw your SkyPrivate funds using Bitcoin (the dollars you will withdraw in your SkyPrivate account will be automatically exchanged to a Bitcoin amount (BTC), according to the Bitcoin's price at that moment.
- receive the Bitcoin amount in your Bitcoin Wallet
- exchange the Bitcoin amount in a chosen currency (Dollars, Euros, Pounds etc.)
- transfer the exchanged amount ($, €, £ etc.) to your bank account via ACH, SEPA, Wire Transfer, or to your credit/debit card.
The whole process is very easy, reliable and secure and we will show you the exact 5 Steps you will need to take.
Step 1: Choose a Cryptocurrency platform (site) to create and verify an account on, so you can receive Bitcoin from SkyPrivate in your Bitcoin Wallet.
The decision of choosing such a platform is influenced by the country you live in. Some platforms operate in certain countries. After doing much research, we have chosen the best platforms for our customers to choose from, based on the countries they live in.
Coinbase (https://www.coinbase.com) - Create and verify an account by submitting the required documents and you will have a Bitcoin Wallet, where you will receive your SkyPrivate funds.
|USA||Bank Account, Deposit, Credit/Debit Card|
|Singapore||Credit/Debit Card, Bank Account|
|Only these European countries:|
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Jersey, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
Deposit, Credit/Debit Card, Bank Account
Uphold (https://uphold.com) - Create and verify an account by submitting the required documents and you will have a Bitcoin Wallet, where you will receive your SkyPrivate funds.
|Only these European countries:|
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.
Wirex (https://wirexapp.com) - Create and verify an account by submitting the required documents and you will have a Bitcoin Wallet, where you will receive your SkyPrivate funds. Afterward, to use the funds, you will need to order for free the Wirex Debit Card, which works as a normal Visa Debit Card, similar to ePayments and Paxum credit cards.
|All worldwide countries except:|
Afghanistan, Antarctica, Algeria, Angola, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, China, Congo, Cuba, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Guyana, Haiti, Indonesia, Iran, Iraq, Japan, North Korea, Laos, Lebanon, Libya, Myanmar, Nauru, Nigeria, Niue, Pakistan, Palestine, Sierra Leone, Singapore, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, USA, Vanuatu, Venezuela, Yemen, Zimbabwe
Wirex Debit Card
(EUR, USD or GBP)
Step 2: After you created and verified your account, you need to find the Bitcoin Address associated with your account.
Log into your Coinbase account and click on "Accounts". Then click on "Receive" at the "BTC Wallet" tab.
Log into your Uphold account and click on "BTC card"
Click on "Add Funds"
Click on "with Cryptocurrency or Utility Token"
Click on "Bitcoin (BTC)
Log into your Wirex account and click on "Bitcoin account"
You will see your Bitcoin address
Step 3: Use your Bitcoin address to make a SkyPrivate withdrawal
After you found your Bitcoin address, you need to log into your SkyPrivate account and go to Payments-->Withdraw. Paste your Bitcoin address in the required field, choose the amount of dollars you wish to withdraw (the amount of dollars will be automatically changed to a certain Bitcoin amount) and submit a new withdrawal.
Step 4: Exchange the Bitcoin you received from SkyPrivate to a chosen currency ($, €, £, etc.)
Log into your Coinbase account and go to "Buy/Sell".
-----> For Uphold
Log into your Uphold account and go to "Transfer between your Cards"
Log into your Wirex account and go to "Exchange currencies". Once you exchange the Bitcoin to the currency of your Wirex Card (EUR,USD or GBP), you can spend the money using your card.
Step 5: Transfer the exchanged amount to your bank account or credit card
You can transfer the money from your Coinbase / Uphold account to your bank account or credit card (depending on the platform and the country you live in).
For Wirex, you can't transfer the money to an external source. You just need to use the Wirex credit card once it reaches your home address, to spend your funds.
Transfer fees for your Coinbase account ---> https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
Transfer fees for your Uphold account ---> https://uphold.com/en/pricing