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How to Buy Crypto with Allied Irish Banks in Ireland

Last updated on November 15, 2023

Quick Summary: While Allied Irish Banks does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Ireland cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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Allied Irish Banks Homepage

As mentioned in my quick summary, like most Ireland banks, Allied Irish Banks doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

Thankfully there are many crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with AIB

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Allied Irish Banks.

Buy Crypto With eToro

About Allied Irish Banks

Allied Irish Banks, p.l.c. is among the Big Four commercial banks in Ireland. AIB provides a wide variety of personal, business as well as corporate bank services. AIB also provides an array of general insurance options, including auto, home and travel. It also provides life assurance along with pensions, through its agency together with Irish Life Assurance plc.

In December 2010 , the Irish government acquired the majority of the bank. It eventually increased to 99.8 percent. AIB’s shares currently trade through both the Irish Stock Exchange and the London Stock Exchange, but the shares were taken off these exchanges in 2011 and 2017 due to its successful nationalization. The remaining shares that were traded publicly are listed on the Enterprise Securities Market of the Irish Stock Exchange until 23 June 2017.

Allied Irish Banks Limited was founded in 1966 as a brand new company that purchased three Irish banks: Provincial Bank of Ireland as well as the Royal Bank of Ireland, and the Munster & Leinster Bank. In the year 1966, AIB’s overall assets stood at IRPS255 millions (EUR323.8 million)–as as of December 31, 2005 The AIB Group had assets of EUR133 billion. In the 1980s, the company introduced the use of the Automatic Teller Machine Network called Banklink right after the introduction of the Bank of Ireland Pass. ATMs were available only in towns and cities in the 1980s, but they were introduced in smaller towns and medium ones in the 1990s.