How to Buy Crypto with Bank of Ireland

Last updated on November 12, 2023

Quick Summary: While Bank of Ireland 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 Ireland Homepage

As mentioned in my quick summary, like most Ireland banks, Bank of Ireland 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.

There are a large number of cryptocurrency trading platforms that you can use 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 Bank Of Ireland

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 Bank of Ireland.

Buy Crypto With eToro

About Bank of Ireland

Bank of Ireland Group plc (Irish: Banc na hEireann) is an operational commercial bank in Ireland and is one of the Big Four Irish banks. As the most prominent banking institution in Ireland and the world, the Bank is a distinct entity within Irish bank history. The core of the present-day organization is the former Governor and Company of the Bank of Ireland, the old institution that was established with the help of a Royal Charter on 1783.

in 2013, Bank of Ireland more than doubled its interest rates on mortgages that track Bank of England rates, (which were steady for four years) The reason was the need to accumulate reserve funds and the rising cost of financing mortgages’. The bank was described by Ray Boulger from Broker John Charcol as ‘having shot the reputation of its mortgages However Bank of Ireland continues to offer competitive mortgages via Post Office. Post Office.

In 2014, the regulation that governed the bank transferred over to European Central Bank. Also , in 2014, BOI formed a marketing alliance together with EVO Payments International and re-entered the market of acquiring credit cards. BOI Acceptance Payment Acceptance was introduced on December 14, 2014.

The Group provides a variety options of banking services within Ireland to the private industrial, commercial and agriculture sectors. They include deposit and checking services including overdrafts, term loans mortgages and international asset financing leasing, instalment credit loans financing and foreign exchange facilities. exchange rate and interest hedge instruments Executor and trustee services.

In the year 1969, at its peak, Bank of Ireland had 500 branches throughout Ireland. Republic of Ireland. In 2022, the total amount of branches slowly decreased to only 169.