How to Buy Bitcoin and Crypto with Bank of Ireland

Can I buy Bitcoin or Crypto with Bank of Ireland?

Unfortunately the Bank of Ireland is yet to offer the purchasing of Bitcoin and other cryptocurrencies directly on their banking platform. All major banks in Ireland have not implemented this feature as the licensing and regulation required to sell cryptocurrencies are hard to obtain and completely different to traditional banking/finance. 

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How and Where to buy Bitcoin with Bank of Ireland

For buying Bitcoin and other cryptocurrencies using your Bank of Ireland account, we recommend going through Uphold. Their platform offers fast and free GBP and EUR deposits from Bank of Ireland to trade over 200 cryptocurrencies on their Financial Conduct Authority (FCA) licensed platform.

Follow the simple guide below to get started.

1. Sign Up: Create an account on Uphold and complete your verification.
2. Connect Account: Connect your Bank of Ireland account to Uphold by selecting the fiat currency you want to transfer on your dashboard.
3. Deposit Funds: You can then select the 'connect bank' button to link any European Bank and deposit Euros, GBP and other fiat currencies.
4. Buy Cryptocurrency: The final step is to find the cryptocurrency you want to buy and execute your trade.

Bank of Ireland Cryptocurrency Policy

Bank of Ireland does not currently have any banking policies that prohibit their customers from investing in cryptocurrencies or any digital assets. Meaning that you are safe to deposit and withdraw Euros into centralised cryptocurrency exchanges without your funds being frozen. 

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Is Crypto Investing Legal in Ireland?

Yes, cryptocurrencies are legal in Ireland. The Irish government has not placed any specific restrictions on the use of cryptocurrencies, although they are not considered legal tender. In general, cryptocurrencies are treated the same as other forms of property in Ireland, and transactions involving cryptocurrencies are subject to the same tax rules as other types of transactions. It is always a good idea to consult with a qualified legal professional if you have specific questions about the legality of cryptocurrencies in Ireland.

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What is Bank of Ireland?

Bank of Ireland is one of the big four banks in Ireland. It is a public limited company that is listed on both the Dublin and London Stock Exchanges. The bank has its headquarters in Dublin and also has operations in the United Kingdom, the United States, and Canada. The bank was founded in 1783 and has been part of the Irish financial landscape for over 230 years.

The bank is a major provider of personal and corporate banking services in Ireland. It offers a wide range of products and services such as savings accounts, current accounts, loans, mortgages, credit cards, and investment products. The bank also provides insurance, wealth management, and pension products.

Bank of Ireland (UK) plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales, registered number BR006050.  Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 539172.