Where to Buy Cryptocurrencies in Ireland


Cryptocurrencies, also known as digital currencies or virtual currencies, are a form of digital money.
Bitcoin, which launched in 2008, was the first cryptocurrency, and it remains the best-known.
There are now several other cryptocurrencies in existence –

There are now hundreds of different crypto-currencies and the numbers are growing all the time. At the end of May 2021, the estimated total value of all cryptocurrencies was $1.12 trillion USD .
By early November 2021, it had more than doubled to $2.96 trillion USD. It has since fallen to around $2.23 trillion USD (Dec 5th 2021). ( according to CoinMarketCap) .

Some of the more popular coins include Ethereum, Tether , Solana, Cardano Ripple and Stellar Dogecoin , Shiba INU,

The latest “popular” coin is Shiba INU . The price of Shiba INU has rocketed in 2021 and the Shiba in October 2021 price was up more than 7 million per cent since its debut in August 2020. It is possible to buy Shiba INU coins in Ireland. (See below for details.)

This article gives some information about where to buy Shiba , Dogecoin Ethereum and other Cryptocurrencies in Ireland.



Dogecoin is one of the cryptocurrencies that has grown in value significantly – helped by support from Tesla’s Elon Musk and other celebrities. Dogecoin started as a joke , but by May 2021 it had risen in value by more than 13,000 % since the start of 2021 . It has since dropped from that high of $0.7376 to around $0.15. (Early Jan 20221)


How to Buy Cryptocurrency in Ireland


There are plenty of brokers and exchanges that offer the ability to trade cryptocurrencies in Ireland. However – the cryptocurrency industry has been full of stories about fraudulent coins and dubious exchanges. Because of this, we think it is better to choose a crypto broker or exchange that has been around for a while, that is registered with a financial regulator and has links to other established companies.
Below – we have listed a few places where people living in Ireland can trade cryptocurrencies.

  • It is important to note that bank guarantees do not cover any cryptocurrency investments.
  • Cryptoassets are highly volatile unregulated investment products with no EU investor protection.


Etoro

eTtoro provides an online trading platform where you can buy and sell over 40 Cryptocurrencies in Ireland.
eToro (Europe) Ltd. is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC).

Some of the Cryptocurrencies available to trade on Etoro include :

  • Ethereum
  • Bitcoin Cash
  • Shiba INU
  • Ripple (XRP)
  • Dash
  • Bitcoin
  • Uniswap
  • MANA
  • Compound
  • Fetch.ai (FET)
  • Dogecoin
  • Litecoin
  • Cardano
  • Stellar
  • Binance
  • Chainlink
  • Yearn
  • AAVE
  • REN Protocol (REN)
  • Synthetix (SNX)

Etoro is one of the very few exchanges where it is possible to trade Dogecoin in Ireland.
The latest “popular” coin – Shiba INU is also available to buy in Ireland on eToro. It is represented on eToro as “Shiba (in millions)”, which is a “lot” of one million Shiba Inu units. The price of one Shiba INU coin is very small – so by providing Shiba Inu as “Shiba (in millions)”, eToro say they offer users a clearer understanding of the pricing in a regular, two-decimal-point format.


Etoro also allows traders who want to speculate on the price of a cryptocurrency to use CFDs. These are instruments that allow traders to speculate on crypto price movements rather than owning the cryptocurrency itself.
More on CFDs here.

Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


Etoro Fees

When buying cryptocurrencies on eToro, the only trading fees charged are the spreads – eg. 0.75% on Bitcoin and 1.9% on Ethereum, 2.9% on Dogecoin (DOGE).
A spread is the difference between the selling price and the buying price. All exchanges and brokers have a spread – it’s one of the ways they make money. For example , a spread of 0.75% means that if you bought Bitcoin and sold it instantly – you would lose 0.75% of the value.

Etoro only trades in US dollars and they charge a 0.5% fee for conversion from Euro to dollars on deposits by bank transfer and 1.5% on card or PayPal deposits . There is also a 0.5% conversion fee if you withdraw in Euros.

You can easily avoid these Etoro conversion fees by depositing US Dollars using a debit card from N26 or Revolut.
The exchange rates used by N26 and Revolut will be as good as and possibly better than those used by Etoro – with no extra conversion fees. If you have a standard Revolut account (a free one) – you will be charged 0.5% once your currency exchange exceeds €1000 in a month. N26 have no such limits.

It is also possible to withdraw US dollars from Etoro to an N26 card to avoid the 0.5% conversion fee on withdrawal.
Etoro also allows withdrawals of USD to a Revolut USD account. (We tested this in December 2021)

You could also use any other Irish debit card to deposit US Dollars – but the main Irish banks will all charge fees of around 2% (this is capped at about €12.)

There is a flat-rate fee of $5 on each withdrawal from Etoro.


Etoro currently requires a minimum deposit of just $50 in Ireland and the UK (Aug 2021) – but they sometimes raise this during periods of heavy demand.
All deposits via Bank Transfer must be at least $500.


Try Etoro Here


Cryptoassets are volatile instruments which can fluctuate widely in a very short time frame and, therefore, are not
appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and, therefore, is not supervised by any EU regulatory framework. Your capital is at risk

Read more about using Etoro in Ireland


Bux Zero

BUX Zero is a European stock trading app that is available to use in Ireland. It is also currently available in the Netherlands, Germany, Austria, France, Belgium and Spain. Bux Zero is headquartered in Amsterdam and in January 2022 it added cryptocurrencies to its existing range of shares and ETFs .


Currently, there are no fees on Bux Zero when you buy crypto.

You can sign up to Bux Zero Here


Cryptotoassets are highly volatile unregulated investment products. There is no EU investor protection.

You can buy Bitcoin. Ethereum , Litecoin, Bitcoin Cash, Uniswap, Chainlink, Compound, Maker, Curve , YFI, Kyber Network, Bux Token, Stellar, OMG Network, BAT.
More cryptocurrencies will be added in the coming months.

Deposits and withdrawals on BUX Zero by Irish customers can be made in Euros by SEPA bank transfer. There are no deposit or withdrawal fees. There are no custody fees or annual usage fees on Bux.




Read more about Bux Zero here


Coinbase

Coinbase can be used in Ireland to buy and sell around 60 different cryptocurrencies including Bitcoin, Dogecoin, Shiba INU , Ethereum , Litecoin , Ripple , Tether , Cardano Uniswap , Polygon Chainlink and others.

Shiba Inu (SHIB) is available on Coinbase. Apparently – Shiba is a token that “aspires to be an Ethereum-based alternative to Dogecoin (DOGE)”. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion.


Money can be deposited on Coinbase using bank transfers, credit cards or debit cards, as well as PayPal.
Deposits by bank transfer are free.
Crypto trading fees on Coinbase are higher than Etoro.
Crypto trades on Coinbase are charged a 1.49% fee. (sell or buy)
Instant crypto purchases using a debit or credit card are charged a 3.99% fee.
Withdrawals to a card are charged a 2% fee. (Min 0.55c)
Coinbase also charges a spread of 0.50% for cryptocurrency purchases and cryptocurrency sales. (Might be lower on trades over $10k)

Fees may be less on Coinbase-Pro – so that might be worth investigating after you join Coinbase.

Coinbase is backed financially by the Spanish bank BBVA and also by the New York Stock Exchange. Coinbase was also the first crypto company to become a principal member of Visa. The company floated on the NASDAQ stock exchange on 14 April 2021.


Sign Up With Coinbase Here

Important Cryptotoassets are highly volatile unregulated investment products. There is no EU investor protection.


Gemini

Gemini is a large cryptocurrency exchange based in New York. It was founded in 2015 by the Winklevoss twins, best known for their legal dispute with Facebook founder Mark Zuckerberg.

Gemini is regulated by the New York State Department of Financial Services.

In the UK, Gemini is Licenced as Electronic Money Institution license by the FCA


Some of the cryptocurrencies available to trade on Gemini include

  • Bitcoin
  • Dogecoin (added May 5th 2021)
  • Ethereum
  • Bitcoin Cash
  • Uniswap
  • Litecoin
  • Chainlink
  • Aave
  • Filecoin
  • Zcash

Irish customers of Gemini can use bank transfers in Euro or GBP to deposit money with Gemini for free.
Debit cards can also be used to buy cryptocurrencies on Gemini but there is a 3.49% fee.

Withdrawals are free as long as you do less than 10 a month.


Gemini Fees

Transaction fees at Gemini for crypto purchases depend on the size of the transaction.
The fee is 1.49% on transactions of €200 or more, but on smaller transactions, there is a flat rate charge.
(€1 for orders under 10 euro; €1.50 on orders between €10 and €25 , €3 for orders between 50 and 200.)

Gemini also adds a 0.5% ” convenience fee” to the prevailing price when buying crypto.
Etoro works out cheaper than Gemini.

It is also possible to earn interest on certain crypto you hold with Gemini (eg. Currently 3.05% on Ethereum) . This is not automatic, you have to opt in to “Gemini Earn”.

Gemini Bitcoin

Fees example at Gemini:

If the prevailing Gemini market price of Ethereum is $2000 USD. You will be quoted a price of $2010 USD to buy 1 Ethereum. (Includes the 0.5% convenience fee)
If you were to buy €500 worth of Ethereum the transaction fee would be 1.49% or €7.45 EUR plus the 0.5% convenience fee of €2.50 comes to €9.95.

Buying $500 USD worth of Ethereum on Etoro would have no fees. If yo deposited in Euro – there would be a 0.5% fee ($2.50)

Join Gemini Here




Revolut

Revolut customers can now buy, hold and sell several different cryptocurrencies.
EU customers can buy Bitcoin, Ethereum, Stellar, Ripple and Bitcoin Cash , Cardano, Uniswap, Synthetix, Yearn Finance, UMA, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph.

At the moment – the latest “fads” Dogecoin or Shiba Inu are not available on Revolut.


Revolut Metal members are allowed to transfer bitcoin out of Revolut. However – standard account holders cannot move crypto out of their Revolut account.

Find out more about buying crypto on the Revolut Website

The exchange rate on Revolut for cryptocurrencies is 2.5% for Standard users and 1.5% for Premium and Metal users.
So – a $500 Ethereum purchase would cost Premium or Metal users $7.50 in fees. Standard users would be charged $12.50. This is significantly more than Etoro.
But – if Standard users exchange more than €1000 in a month they will also be charged an extra 0.5% (so a total of 3%)

Revolut keeps any cryptocurrency they buy for you in a ‘virtual account’ which also holds cryptocurrencies for other Revolut customers. You will not have a separate cryptocurrency account.
In the EU , Revolut Payments UAB, is licensed and regulated by the Bank of Lithuania as an e-money institution

It is free to join Revolut.



Investing in Cryptocurrencies involves a high risk of loss of capital.


Cryptoassets are volatile instruments which can fluctuate widely in a very short time frame and, therefore, are not
appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and, therefore, is not supervised by any EU regulatory framework. Your capital is at risk


More about other Investment Options in Ireland

You may also be interested in our page about the Taxation of Cryptocurrency in Ireland