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How to Buy Crypto with Bank of America in Ireland

Last updated on November 12, 2023

Quick Summary: While Bank of America 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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Bank of America Homepage

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

There are a large number of cryptocurrency exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Bank Of America

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

1. Pick a cryptocurrency 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 Bank of America.

Buy Crypto With eToro

About Bank of America

The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank as well as a financial services holding firm headquartered within the Bank of America Corporate Center in Charlotte, North Carolina. The bank was established by the city of San Francisco.

It is the second-largest financial establishment in the United States, after JPMorgan Chase and is the second-largest banks in the globe according to market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It is responsible for 10.73 percent from all American banking deposits. It is and is in direct concurrence to JPMorgan Chase, Citigroup, and Wells Fargo. Its main financial services are focused on financial services for commercial banks, such as wealth management and investment banking.

Bank of America is a member of the Global ATM Alliance, a joint venture with several of the largest international banks. It offers reductions in fees for those who use the ATM card of their checking card at a different institution within the Global ATM Alliance when travelling internationally. The benefit is limited to transactions made with a debit card and the users remain affected by charges for conversion of foreign currencies and credit card withdrawals remain affected by cash advances charges as well as foreign currency conversion fees.

Global Banking is a division of the Global Banking division provides banking services, such as loans and investment banking for businesses. It comprises the business comprising Global Corporate Banking, Global Commercial Banking, Business Banking as well as Global Investment Banking. The division contributed 22 percent of the company’s revenues in 2016.

The Bank of America’s Global Corporate and Investment Banking is headquartered in the U.S. headquarters in Charlotte, European headquarters in Dublin and Asian offices located in Hong Kong and Singapore.