How to Buy Cryptocurrency in Ireland
Buying cryptocurrency in Ireland
"Although the residents of Ireland are more than familiar with cryptocurrencies and often purchase them via global online crypto exchanges, there is no specific cryptocurrency regulation in this country. Still, the capital of Ireland, Dublin, even features several cryptocurrency ATMs where people can buy Bitcoin and similar currencies. However, the situation regarding cryptocurrencies in Ireland is a bit confusing since Ireland’s government does not have any regulatory regime that views cryptocurrencies as legal tender. Although the authority responsible for the regulation of financial services in Ireland, also known as the Central Bank of Ireland, has not provided any specific guidelines related to the use and legality of cryptocurrencies in the country, digital money is quite popular in this country. Ireland is one of the most popular European locations for cryptocurrency companies. However, as of right now, there are no laws set for this specific type of financial assets.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Ireland. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
- Very low fees
- High liquidity
No US residents
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Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
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Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options
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Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals
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