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How to Buy Crypto with Bank of Montreal in Ireland

Last updated on November 12, 2023

Quick Summary: While Bank of Montreal 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 Montreal Homepage

As mentioned in my quick summary, like most Ireland banks, Bank of Montreal doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform 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 BMO

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 Montreal.

Buy Crypto With eToro

About Bank of Montreal

Bank of Montreal Ireland Plc was established in the year 1996. It specialises in trading in the money market derivatives on credit and equity as well as fund administration services, and loans to corporations. Bank of Montreal Ireland has approximately US$9 billion of assets and employs around 20 employees. The bank is an affiliate of the Canadian BMO Financial Group, one of the largest bankers within North America.

Its parent company, The Bank of Montreal is a Canadian multinational investment banking and financial services firm.

The bank was established by the city of Montreal, Quebec, in 1817 under the name of Montreal Bank; while its headquarters are still in Montreal its executive office and the headquarters are located at Toronto, Ontario since 1977. It is one among the Big Five banks in Canada it is the fourth-largest bank in Canada in terms of market capitalization as well as assets, and also one of the eight biggest banking institutions of North America and the top 50 worldwide.

In Canada BMO Bank operates under the name BMO Bank of Montreal and has more than 800 branches providing services to more than 7 million customers. For the United States, it does business under the name BMO Financial Group, where it operates with a significant presence in the Chicago area as well as elsewhere in the country, including where it runs BMO Harris Bank. BMO Capital Markets is BMO’s corporate and investment banking division. The wealth management department is known by the name of BMO Nesbitt Burns. BMO Capital Markets is ranked 1313 on the Forbes Global 2000 list.