Post the 2017 Bitcoin boom, everybody wants to get on board the BTC journey! However, unlike other centralized investment tools, you can’t simply visit your nearest financial institution and get started with your Bitcoin journey, there’s more to the journey. Crypto exchanges are your one-stop destination for buying Bitcoin in Ireland. Today, all you need is an exchange that accepts Irish citizens and residents to get started. Let’s take a closer look at some of the best exchanges with our reviews covering everything from supported payment methods to fee structure.
The Bitcoin Trend
With the ‘first-ever crypto’ tag, Bitcoin has been one of the most surprising investment tools in the modern world. Moreover, the launch of this very token made way for Blockchain technology to enter the conventional finance sector and revolutionize almost every industry associated with technology.
Using cryptocurrencies offers greater transparency and efficiency in transactions. As a result, more and more people from around the globe are developing an interest in Bitcoin and other cryptocurrencies.
This is evident when you see the number of crypto users growing by the day. Numbers suggest as of 2021, about 106 million people from around the globe now own cryptocurrencies, and Bitcoin has the lion’s share in these figures.
BTCEUR Rates by TradingView
How To Find The Best Crypto Exchanges In Ireland
When buying Bitcoin in Ireland, you cannot overlook that your entire experience is based on the crypto exchange you’ll be signing up for!
Crypto exchanges play a significant role in determining the success of your journey while ensuring that you trade effectively and efficiently. When it comes to the ideal Bitcoin exchange, you can’t just rely on one or two factors. Crypto exchanges tend to have dozens of features that directly or indirectly add to your overall trading experience.
This is where you need to take a step back and invest your time in proper research! Only once you’re done with the proper research of your crypto platform can you make the most of your investments. Therefore, to help you better, here are some of the primary aspects to help you streamline the process. Let’s check them out in the following section.
The most crucial aspect of your BTC exchange is that safety should top your search query before you sign-up for any platform. You’ll likely be hesitant to entrust an online platform when it comes to your money.
Therefore, always consider signing up with licensed and regulated exchange platforms! These platforms serve as a benchmark for safety and ensure that your funds are claimable in the case of a successful hacking attempt.
The Central Bank Of Ireland (CBI) is one of the primary factors you should look at in any platform. This financial institution stands as a regulating standard for exchanges that align with the most stringent security protocols.
While the CBI logo should be one of your primary hunts on the website, don’t forget to watch out for other regulatory bodies like CySEC, FCA, and ASIC. However, it should also be noted that different regulators provide regulations in a particular country, and you should always favor your country’s regulatory body.
Now that we know the safety and security concerns over a crypto platform, it’s time to move to its fee structure, the next most significant aspect. After all, no matter if you’re a seasoned trader or an avid investor, you won’t like to see a part of your earnings washed off as fees.
Therefore, before you are all set to sign up and begin trading with the exchange, ensure that you’ve understood their fee structure well. Some primary fee types that you’d want to look after are spreads, commission, and charges on withdrawal.
While these were some primary fees, let’s not forget about the hidden charges that these platforms generally have. Some of it comes in the face of maintenance and an inactivity fee. So ensure you keep a tab on all these points!
Next, we have the different deposit methods that you can access with your Bitcoin exchange or broker. Thanks to cryptos technology, today, we have the flexibility of several payment methods. Therefore, it is always a wise move to count all the possible funding methods you have.
Some of the most common ones include wire or bank transfers and credit/debit cards. The common ones are seen across every platform; therefore, try looking for innovative exchanges that accept newer e-wallet payments, such as Trustly, Neteller, or PayPal, enabling you to fund your account easily. Lastly, don’t forget about the charges you will be paying for them.
Most people signing up for their crypto journey are limited to Bitcoin as their initial token investment. However, let’s not forget about the different potential projects that are now affordable but with a chance of booming in the long run. Therefore, when looking for the best Bitcoin exchange in Ireland, try looking for one that gives you access to several crypto projects.
This way, you’ll be better positioned to diversify your folio and make the most of your investments.
Pro Tip: When looking to build a diversified folio, try looking for providers who can help you invest in the stock, debenture, and other asset classes.
Now that you have an idea of the different factors to look into your ideal BTC exchange platform, you might seem all set to get started. However, this is where it might get confusing!
Given the hundreds of exchanges that sell themselves as the ‘best’ and ‘most affordable,’ we understand how accessible having a curated list would be! Therefore, to help better, here’s a list of the top crypto exchanges in Ireland.
|eToro||1% on crypto purchase||
|Coinbase||1.49% to 3.99% based on the country you are in||
|CEX IO||3% on every deposit||
|Paxful||1% – 5%||
|Challengy||0.25% to 5%||
Top Crypto Exchanges In Ireland
eToro is by far one of the leading platforms people prefer for buying Bitcoin in Ireland and other assets. The multi-asset platform has earned an extensive reputation for helping people invest in different assets with ease. Some of those assets include cryptos, stocks, and other trading facilities of CFD assets.
Established back in 2007, the platform was developed to provide people with a democratized platform to manage their assets and investments. In all these years, eToro played a key role in helping people access different financial markets without complications.
eToro further allows you to make deposits through wire transfers, online bank transfers, bank cards, and even many prominent e-wallets. Besides, the platform offers unmatched flexibility to help you withdraw your funds. But the best thing is that eToro does not even charge any withdrawal fees.
Nonetheless, you will need to make a minimum deposit of $50 if you are a US resident. Investors from other countries might have to make a deposit of at least $200. Things get more convenient eToro as the platform accepts EUR, USD, AUD, and GBP deposits.
Talking of the fee structure, the platform is known for having a 0% commission structure. Therefore, you needn’t pay any fees when trading on the eToro platform, as the costs are included in the spread that goes as low as 0.75%!
On the flip side, the lack of options to withdraw BTC from the platform can limit the number of investors signing up for eToro.
- A diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
- You cannot withdraw Bitcoin from eToro
Coinbase is one of the most dominant crypto exchanges in the US. The platform was founded in 2012, with its headquarters in San Francisco, California. Despite this, the platform allows you to buy and sell cryptos from any place around the globe.
The primary factor fueling the popularity of Coinbase is the unmatched security offered by the platform. So anyone can invest in Bitcoins without a second thought or the fear of losing their investments. Coinbase also ensures a better experience with a seamlessly navigable user interface that allows you to automate your investment schedules.
Currently, Coinbase caters to an extensive customer base with users from almost every country around the globe. The platform can be accessed via its official website and mobile applications for Android and iOS devices. In addition, the platform also supports several fiat currencies, including the likes of SGD, USD, CAD, EUR, and GBP.
Talking of the fee structure, the platform also charges fees that range from 1.49% to 3.99% based on your country. In addition, you can use different methods to invest your money in Coinbase. The most popular modes include wire transfers, bank accounts, debit cards, and even PayPal.
On the flip side, the customer support of Coinbase is often considered to be average. This is where new users might find it hard to get their queries solved.
- Established reputation
- User-friendly interface
- High liquidity
- Large purchasing limits
- Strong security
- Customer support could benefit from more efficiency
3. CEX IO
CEX IO is another leading platform you can use to buy Bitcoin in Ireland. The platform was founded in 2013, with its headquarters in London, UK. The multifunctional platform now supports seamless trading and investment endeavors from millions of users around the globe.
CEX IO comes with a simplified user interface that will greatly simplify the Bitcoin buying and selling experience. You can also use the CEX IO app, available for Android and iOS devices. CEX IO also allows users to buy Bitcoin with a debit card in Ireland.
The platform is a good start for investors and traders of every type as they can access all the necessary tools and continue to strategize as they gather more experience in the industry. In terms of security, the platform is backed by Level 2 PCI DSS clearance for data security and comes with an MSB by FinCEN, making it a convenient option to go with.
Furthermore, the platform charges a nominal fee of about 0.10% to 0.25% on each transaction. But if you are using credit cards to make deposits on CEX IO, you will be subject to a fee of 2.99% on every deposit. The withdrawal of the service charge of CEX IO is 3%. Besides all that, CEX IO is one of the safest platforms you can use to buy and sell your crypto tokens.
On the flip side, the platform tends to have a slow verification time, generally taking a few days to a week before you can get started.
- Established and trustworthy
- Supported worldwide
- Low fees
- Simple credit card purchases
- Clean user interface
- The verification procedure requires private information
Next up, we have Kraken, one of the best platforms you can use to buy cryptos in Ireland. The platform was founded back in 2011, with its headquarters in San Francisco, California. Over the years, Kraken has earned an unmatched reputation for its services and is currently the largest Bitcoin exchange globally.
Additionally, Kraken offers its users uncompromisable security so that you can lay your trust in this platform. Most Bitcoins in Kraken are held safely and securely in cold wallets, leaving no room for unauthorized access to the cryptocurrency. If you encounter any complications, Kraken provides you with 24/7 customer support.
The platform accepts deposits in EUR, USD, GBP, CAD, CHF, and JPY. But apart from this convenience, Kraken also provides you with numerous charting and trading tools that give you real-time access to all relevant information.
Most importantly, the fees charged by Kraken are very nominal compared to other platforms. For example, the platform charges 0.9% for all stable coins and 1.5% for other cryptocurrencies. On the flip side, the platform is limited in its payment methods. Therefore, any user who wants the flexibility of several payment methods might look for other options.
- Respectable reputation
- Global support
- Reliable customer support
- Tiered verification
- Affordable fees
- Few payment methods
- Sophisticated UI
Bitpanda is one of the most trusted platforms for buying Bitcoin in Ireland. The platform was founded back in 2014, based in Vienna, Austria. The unique and user-friendly interface of this platform ensures you enjoy a hassle-free trading experience.
The best thing about Bitpanda is that it supports a wide range of fiat currencies, including EUR, GBP, USD, and CHF. In addition, you can also reap the benefits of various payment methods that include bank transfers, debit cards, credit cards, Neteller bank transfers, and even SOFORT.
One need not worry about the security of their Bitcoin with Bitpanda. The platform stores all information in cold wallets with SSL encryption. Besides that, email confirmation and DDOS protection can also be expected from Bitpanda.
There is no need for any minimum deposit when trading with Bitpanda. However, you will need to pay trading fees, as they may apply. The maker is charged anywhere between 0.10% to 0.05%. On the other hand, the taker is charged 0.10% to 0.05% based on different criteria. On the flip side, the platform has a very translucent fee structure that will confuse beginner traders.
- Highly trusted and great reputation
- Unmatched security
- Lowest fees for buying Bitcoins
- The overall efficiency is appreciable
- Fees are not transparent but are included in the buying price
Coinmama is one of the most efficient platforms for buying and selling Bitcoin in Ireland. The platform ensures instant delivery of the crypto with significantly high spending limits. So if you are a beginner planning to get started with Bitcoin, Coinmama is the ideal platform for the purpose.
The platform was founded back in 2013, with its headquarters in Israel. Coinmama allows you to buy Bitcoin using bank transfers, credit cards, and debit cards. Besides, the platform accepts numerous fiat currencies such as EUR, CAD, USD, AUD, GBP, and JPY.
Coinmama is also one of the oldest Bitcoin exchanges available in the market. Thus, the platform leverages encryption to store all your information safely and securely. This means none of your personal information will be stored on any servers or websites of Coinmama. Also, if you are new to Coinmama, you will need to submit detailed verification of your account.
Coinmama charges a 5% fee on all credit and debit card transactions. But there are no charges for any SEPA, SWIFT, and fast bank transfers. Additionally, you have to make a minimum $50 deposit to buy Bitcoin with Coinmama. On the flip side, the slower processing time might concern traders who want to enter a trade at a specific time frame.
- Available worldwide
- High purchasing limits
- Dependable and trustworthy
- Excellent leadership and customer support
- Fast and secure transactions
- High fees when purchasing with a credit card or debit card
Paxful is the largest peer-to-peer marketplace in the world. The platform caters to about two million users allowing them to buy and sell Bitcoins in no time. You can even access the Paxful mobile app available for iOS and Android devices.
Paxful was founded in 2015, with its headquarters in New York. This launch aimed to provide users with a user-friendly and secure platform for trading Bitcoin and other cryptocurrencies. Paxful’s user interface is highly interactive and navigable, making it easier to get started with Bitcoin trading.
What’s distinct and unique about Paxful is its affiliate program. This is an ideal program for people interested in building a new income stream. Also, setting up an account with Paxful could not get any easier. You just need to create an account, verify it, and buy Bitcoin through your preferred payment method.
Paxful does not charge any fees for buying Bitcoin through the platform. But selling your Bitcoins will attract a nominal charge of 1%. The fee for bank transfers is 0.1%. However, using gift cards can attract a fee of 2-5%.
However, while dealing with Paxful, you might want to ensure additional security as it is a hot target for crypto hackers.
- Escrow system
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
- Scams are always a matter of concern with Paxful
The final crypto platform on the list is Changelly. The platform has been around since 2015, acting as an intermediary between different crypto exchanges and investors. As a result, you can access over 150 different cryptocurrencies. You can even swap cryptos without storing any coins in any exchanges.
Changelly is the ideal platform for everyone bored with conventional time-intensive crypto exchange processes. The platform allows you to buy and sell your cryptos effortlessly. What’s even better is you need to account opening for trading on Changelly. Then, all you need is to enter your phone number or email address and get started in no time.
Changelly pulls prices from different crypto exchanges in a matter of milliseconds. The platform then correlates the amount to exchange and places bids on different trading platforms. As a result, you get the best prices in the market with no hassle whatsoever.
Changelly does not charge any fixed rate as fees. However, the platform has a fixed 5% charge on all purchases made via credit cards and debit cards. But if you are making any crypto-to-crypto exchange, the platform will charge a small fee of just 0.25%.
On the flip side, the platform is limited in its funding options. Therefore, you might want to think of your options beforehand.
- Low fees
- High exchange limits
- 24/7 live chat support
- Payment methods are relatively limited
Now that you have an idea of the different offerings by the platforms, here’s a detailed chart for a complete overview:
Foreword To Cryptos
Crypto trading and investment have proven to be one of the most profitable investment tools over time, especially post the 2017 boom. Therefore, if you haven’t already, it’s time you thought and capitalized on this opportunity with the platforms mentioned above.
Besides, don’t let the fear of being a beginner get you, as most of these platforms offer resources on how to buy Bitcoin in Ireland to help you get started in no time. All the best in your trading journey ahead!
Takeaway Tips For Investing In Bitcoin
Now that you’re all set to get started with your journey with Bitcoins, here are some takeaway tips that you might want to follow:
- Understand your risk tolerance: No matter the 1000x ROI, BTC is still largely considered a high-risk investment. Putting in the volatility aspect, it’ll be wise to analyze the market and your risk tolerance before investing carefully.
Pro Tip: Always set up a risk to reward ratio before entering any investment or trade. If you’re uncomfortable with investing in volatile assets, try opting for other financial tools.
2. Diversify Your Portfolio: Preferably, the best way to minimize your losses and ensure a profitable trade is to diversify your portfolio. When starting your journey as a beginner, try focusing on low-risk index funds or government bonds. Next up, try medium-risk investments, like stocks, debentures, and real estate.
Once you’ve set up a safety cushion of low and medium-risk investments, trim to move to the highly volatile ones. These investments come in BTC or penny stocks and should just be like an ‘icing on the cake.’ Since they can generate significant profits off minimal investment, you’ll be on the safer side.
3. Start Small: This is probably a rule of thumb when starting your crypto trading journey. Try investing as low as $10 per week when on the fence, but make it a habit. Considering its potential, it won’t be wrong to say that it is a wise move to start small with BTC.
Are Crypto Exchanges Legal in Ireland?
Yes, crypto exchanges are legal in Ireland! So whether you’re a seasoned investor or a trader, you can invest in cryptos freely in Ireland. However, the regulatory body (Central Bank Of Ireland) continues to issue warnings concerning the volatility of the market and the risk of investing in such speculative assets. Besides, most crypto exchanges in Ireland are regulated under European regulations. Therefore, ensure that you’ve signed up with a regulated exchange before investing.
Can I buy BTC in Ireland using my debit or credit card?
Yes, accepting debit and credit cards, among other methods like bank or wire transfers, is among the most common payment methods among crypto exchanges in Ireland. However, that’s not all! Before signing up for any platform, ensure that you look for other eWallet options. This way, you’ll be at a better chance of saving your money in additional fees while adding funds to your account.
Is it possible to buy Bitcoin anonymously in Ireland?
Yes, you can always buy BTC anonymously via P2P (Peer to peer) exchanges like LocalSwap, Bisq, LocalBitcoins, and Paxful. However, it should be understood that these are just exchanges responsible for swapping your cryptos. Consider signing up for a Bitcoin exchange if you want additional security and access to advanced features like charts, live marketplaces, and expert help.
Can I buy Bitcoin futures in Ireland?
Thanks to the popularity they’ve garnered over the past few years, today, you can do more than just invest or trade in Bitcoins. Popular BTC exchanges like Deribit, FTX, and Bitmex, allow users to trade for short or long futures with up to 100x leverage.