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How to buy Crypto in Ireland

How to buy Crypto in Ireland

Adrian Graham
Fact Checked
Jun 20, 2022

Summary: The easiest way to buy Bitcoin or cryptocurrencies in Ireland is through a regulated digital asset exchange that accepts EUR or GBP deposits from Irish banks.

We recommend eToro EU as the best exchange to buy over 60 Cryptos and thousands of Stocks, ETFs, Commodities, and more in Ireland.

Table of Contents

Best Exchange in Ireland

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from Irish & European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.
78% of retail CFD accounts lose money.

How to buy Cryptocurrencies in Ireland

For investors looking to buy Cryptocurrencies like Bitcoin and Ethereum in Ireland, you will need to find a licensed and regulated trading platform in Europe. With this method, you will be able to deposit EUR or GBP into a specialist exchange that will allow you to buy, sell, trade, and custody digital assets on one platform.

We recommend the eToro exchange because they have been a licensed broker in Europe since 2008 and are one of the most trusted platforms in the world. They offer fast and cheap EUR or GBP deposits from Irish banks to trade over 60 digital assets and crypto stocks like Coinbase and Robinhood.

You can get started with this simple guide:

  • Step 1: Sign up to the eToro EU trading platform and verify your identity as an Irish citizen.
  • Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
  • Step 3: Select the fiat currency (EUR, GBP, USD or AUD) and preferred deposit method to start buying Crypto.
  • Step 4: Once the fiat has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
Buy Crypto in Ireland
Investing in Cryptocurrencies and Stocks in Ireland via eToro EU.

Is it Legal to buy Crypto in Ireland?

The short answer is yes, it is legal to invest in cryptocurrency in Ireland. However, there are a few things to keep in mind when doing so.

Cryptocurrency is not considered legal tender in Ireland, meaning that businesses are not required to accept it as payment for goods or services. However, this does not mean that you cannot use cryptocurrency to purchase goods or services from businesses that accept it.

Cryptocurrency is taxed as property in Ireland. This means that if you sell cryptocurrency for a profit, you will be subject to capital gains tax. The rate of capital gains tax depends on your income tax bracket. For example, if you are in the 20% income tax bracket, you will be liable for a 20% capital gains tax on your profits.


Cryptocurrency Investing Risks

When it comes to cryptocurrency, it is always important to be aware of the risks involved. Cryptocurrency is a volatile market, and prices can go up or down very quickly. You should never invest more than you can afford to lose.

If you're thinking about investing in cryptocurrency, seek professional financial advice first to ensure that it's right for you.


Irish Banks Cryptocurrency Policy

As at time of writing, large Irish Banks like AIB allow their customers to freely trade digital assets like Bitcoin and Ethereum. The only policy banks in Ireland have is that customers must transact with licensed brokers in the EU, which is why we recommend platforms like eToro.

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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