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
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 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
- Trade without verification
- No US residents
67% of retail CFD accounts lose money. Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. US Residents - eToro USA LLC does not offer CFDs, only real Crypto assets available.
eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also have an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success
- Fully regulated financial institution
- Trade crypto, stocks and other financial assets
- Follow and copy the trades of expert traders
- Fees (spreads) are high
- Only USD as base currency
Based in Isle of Man. Over 200,000 customers with min deposit as little as ÂŁ5. Simple site for getting into Bitcoin.
- Simple user interface
- Autobuy feature for regular crypto saving / DCA
- You can earn Bitcoin on your shopping with their browser extension
- Limited range of coins
- No e-wallet feature
- No live chat support
Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.
- Very low trading fees
- Large range of coins and trading pairs
- High liquidity
- Slow account verification
- Two major hacks
OKEx is the second-largest cryptocurrency exchange in the world by volume. It posts over $2 billion in trades daily and has over 400 trading pairs.
- Good range of coins
- DEX trading
- No hacking history
- Not available in US
- KYC required
Founded in 2017, KuCoin has already managed to establish itself as â€śThe Peopleâ€™s Exchange.â€ť With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.
- Vast selection of altcoins
- Ability to stake & earn crypto yields
- Robust security features
- No forced KYC checks
- No fiat currency deposits
- Trading volume is low
Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesnâ€™t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.
- Non-custodial exchange
- Great way to switch altcoins
- Doesnâ€™t require extensive KYC
- 2FA security and high exchange limit
- A high transaction fee of 0.5%
- Unclear owners
- Sometimes their service is quite slow
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