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How to Buy Crypto with Barclays in Ireland

Last updated on November 12, 2023

Quick Summary: While Barclays 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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Barclays Homepage

As mentioned in my quick summary, like most Ireland banks, Barclays 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 crypto 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 Barclays

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 cryptocurrency

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 Barclays.

Buy Crypto With eToro

About Barclays

Barclays launched its first corporate branch in Belfast in the year 1996. It was designed to provide services for Belfast’s local British or international patrons. The office was situated alongside the Mercantile subsidiary, which had owned a small branch that provided leasing and hire finance to corporate clients.

BZW (now Barclays Capital) also provided finance for businesses that were operating within the province prior to its acquisition, but there was no presence in the Province directly. Barclays provided their Direct Mortgage Service to customers in Northern Ireland from the late 1980s.

Barclays established an immediate retailer presence within Northern Ireland in 2000, by acquiring Woolwich PLC, the former building society that was “the very first English Society to be represented both in Northern Ireland and Scotland’ having opened an office in Belfast in 1929, in an address of 58 Donegall Street, subsequently at 40 Victoria Square (1933), with prominent estate agents from the local area W F Neill & Co. serving as the Society’s representative in the Province.

In the Dublin’s central business district the office employs more than 200 employees and tailor their services to meet your personal requirements. They collaborate in close collaboration with both you and your advisers to safeguard and grow your wealth, keeping with your personal background and goals. Through their corporate, private, and investment bank, they can offer Irish and international customers the highest quality of what the world-renowned Barclays Group has to offer.

Barclays Private Bank is part of a storied banking history and tradition. It offers customers the most exclusive and professional service that is supported by Barclays worldwide operations, and has benefited from centuries of experience in finance.