29 November 2023
Purchasing Bitcoin (BTC) is a fast and uncomplicated process. It is quite similar to purchasing stocks and it may be completed in a matter of about fifteen minutes. It is necessary for you to register for an account with such a Cryptocurrency trading service such as FTX or BitPanda.
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Purchasing Bitcoin and other Cryptocurrencies has never been more convenient for those living in Ireland. To purchase Bitcoins using a debit/credit card or bank transfer, all that is required now is to create an account with a reputable Bitcoin broker. This article will show you how to acquire Bitcoin in Ireland in a method that is secure, quick, as well as inexpensive, even if you have never dealt with Cryptocurrency before.
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Anyone with a computer or smartphone, access to the internet, a valid form of identity, and a method of payment may acquire Bitcoin. Following are the 4 steps that one can purchase Bitcoin in Ireland:
1. Compare Crypto Exchanges
Using a Cryptocurrency exchange is the most convenient method to get Bitcoin.
2. Create an Account
In order to register for an exchange account, you will be required to prove your identification as well as check your email. Get your cellphone and identification handy.
3. Make a Deposit
As soon as you've been authenticated, you may deposit Euros using any means you like, whether it is a credit card, wire transfer, Silvergate Exchange Network (SEN), or Signature SIGNET.
4. Buy Bitcoin
At this time, Bitcoin may be purchased using fiat currency. If you're using an exchange that caters to newcomers, all you have to do is input the quantity of Euros or Bitcoin you wish to buy and then hit the "Buy" button. When you're ready, you may transfer your Bitcoin to a separate wallet if you'd desire.
How to Buy Bitcoin Using the eToro Platform?
A Bitcoin broker like eToro that caters to new traders is popular in Ireland. Numerous licensing organisations oversee this platform, but it accepts deposits from a wide variety of low-fee payment methods including major credit cards, bank transfers, as well as PayPal. So, here's what you do:
1. Open an eToro Account
With secure Bitcoin purchases in Ireland, sign up for a free eToro.com account. Select a username for your brand fresh trading account once you've filled out the required relevant information.
2. Deposit Funds
eToro accepts deposits as little as $50 or roughly €45. Make an immediate deposit using your choice of Visa, Mastercard, or an e-wallet service like PayPal. Even if bank wires are accepted, the processing time for these payments might average a proper business week.
3. Search for Bitcoin
Enter "Bitcoin" into the search field, and whenever the appropriate result appears, click "Trade" to proceed directly to the appropriate investment webpage.
4. Buy Bitcoin
After deciding how much cash you want to invest in Bitcoin, you must now inform eToro of that sum. eToro's entry-level investment requirement is only $10, or roughly €9. In the end, choose "Open Trade" to finish the Bitcoin acquisition.
Where to Buy Bitcoin in Ireland?
In order to make your first Cryptocurrency purchase, you will need to locate a trading site that deals in euros, such as FTX or Bitpanda. You might still join a different exchange on the road if you're interested in more features or currencies.
To get Bitcoin on the Emerald Isle, you must first choose a Cryptocurrency exchange and register for an account with them. Irish customers may choose from a wide variety of platforms, but they should prioritise those that have been supervised by the appropriate authorities. Research the costs as well as accepted payment methods of the exchange you're considering using to buy Bitcoin coins. In Ireland, your best bets for purchasing Bitcoin are already at:
eToro meets all the criteria for a risk-free, hassle-free, and inexpensive Bitcoin purchase in Ireland. A mere fifty dollars is all that is needed to join this highly regarded trading platform. And the fact that setting up an account is usually a quick and painless process is a major plus in our book. Visa, MasterCard, PayPal, Skrill, plus Neteller are all accepted methods of funding your eToro account. In addition to the more modern means of making a payment, such as via a credit card processing company, the various payment options also include a very favourable transaction cost of just 0.5%.
As a second option to eToro, Crypto.com is a great location to acquire Bitcoin in Ireland. To start, know that the Crypto.com application is required in order to use Euros to purchase Bitcoin. It's available for no cost and works with both iOS and Android devices. Because of this, Crypto.com is most likely to appeal to the sort of person who likes to trade even when they are not at their computer. More than that, the Crypto.com software is simple to use, and creating an account takes no more than only a few minutes. You may immediately purchase Bitcoin in Ireland if you have a Crypto.com account.
Capital.com provides CFD exposure to Bitcoin, while eToro and Crypto.com facilitate the conventional purchase of Bitcoin in Ireland through CFDs. Therefore, you may speculate on the price movement of Bitcoin without actually having to possess any of these coins. To illustrate, say you want to wager €100 that the price of Bitcoin would increase from its current level of $30,000. It's possible to generate a profit of €10 (ten percent of €100 investment) if Bitcoin rises by 10% and you decide to cancel your trade at that time.
It is recommended that anybody looking to acquire Bitcoin in Ireland first do some research on the various Cryptocurrency brokers as well as platforms that are accessible. Compare the platform's offerings, costs, level of security, and general reputation to choose the best one for your needs. You may want to contemplate using an exchange that is officially recognised by your country's governing body.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.