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How to buy Crypto or Bitcoin with Bank of Ireland

How to buy Crypto or Bitcoin with Bank of Ireland

Adrian Graham
Fact Checked
Sep 15, 2022

Summary: If you're looking to buy Bitcoin and other cryptocurrencies with your Bank of Ireland account, you are in luck. They do not currently offer any products or services to invest in digital assets through their online banking platform.

The only available method for Bank of Ireland account holders is to sign up to an FCA-licensed crypto exchange. If you're looking to get started quickly, we recommend a platform like eToro which offer fast and cheap GBP deposits and low trading fees.

Table of Contents

Best Bank of Ireland Compatible Exchange

Platform Highlights

  • Fast and cheap GBP or EUR deposits from Bank of Ireland.
  • 70+ Cryptos and over 7,000 Stocks, ETFs & Commodities for 0 fees.
  • Financial Conduct Authority (FCA) licensed and regulated platform.

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. 

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 eToro. They offer fast and free Euro deposits and low trading fees. 

Follow the simple guide below to get started.

  • Step One: Sign up to eToro Ireland and complete your verification.
  • Step Two: Select ‘Deposit Funds’ on the home page and 'Bank Transfer' to deposit GBP from Bank of Ireland.
  • Step Three: Once the GBP or EUR lands in your account, find the asset you want to buy on the eToro platform.
  • Step Four: Input the fiat amount you want to buy and execute your trade.
Deposit GBP from Bank of Ireland with these payment methods.

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. 

For a comprehensive review of eToro and what features they have available on their platform, you can visit our eToro Review page.

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.

Bank of Ireland

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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