Where to buy Bitcoin EBS Bank
Unfortunately EBS Bank does not currently facilitate the buying or selling of cryptocurrencies or other digital assets directly on their platform. However, you can link your EBS Bank account to a regulated and licensed cryptocurrency exchange like eToro to trade Bitcoin and other cryptocurrencies.
eToro is widely regarded as one of the best and most secure centralised cryptocurrency exchanges in the world. The platform was founded in 2007 and is the earliest cryptocurrency exchange in the world. Crypto is not the only digital asset they support on their platform, they also offer stocks, fiat currencies, indices, ETFs and much more.
You can visit our eToro Review page for a comprehensive review of eToro and its fees, security and features.
How to buy Bitcoin and other Cryptocurrencies with EBS Bank
The process of buying Bitcoin and other cryptocurrencies with your EBS Bank account involves only two easy to follow steps. Follow the simple guide below to get started.
Step One: Sign up to eToro Ireland and complete your KYC (verification)
Step Two: Click ‘Deposit Funds’ on the home page and Select ‘Bank Transfer’
Step Three: Input the amount of EUR and you'll be redirected to their bank details page
Step Four: Simply copy and paste eToros bank account details into your EBS Bank app and send the funds. Please note that bank transfers can take approximately 4-7 working days to reflect in your eToro account.
Buying Bitcoin Fees
When investing in cryptocurrencies such as Bitcoin or Ethereum it is important to consider the fees that are involved in the purchasing process. There are generally two fees involved, the 'Deposit Fee' and the 'Trading Fee', the deposit fee is charged when you deposit EUR into your exchange account. However, eToro does not charge any fees to deposit EUR on their platform, which is considered rare in crypto.
As for the trading fee, eToro charges a flat 1% fee of the trade no matter if you're buying or selling cryptocurrencies. This is considered small when comparing to other major exchanges like Coinbase who charge a hefty 3%.