How to Buy Crypto with KBC Bank Ireland

Last updated on November 12, 2023

Quick Summary: While KBC Bank 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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KBC Bank Ireland Homepage

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

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

1. Pick a cryptocurrency exchange

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 KBC Bank Ireland.

Buy Crypto With eToro

About KBC Bank Ireland

KBC Bank Ireland plc is an institution in Ireland with branches located in Dublin, Cork, Limerick, Galway, Waterford and Belfast.

It was founded in 1972 and was renamed Irish Intercontinental Bank. In 1978, KBC Bank with its headquarters in Brussels has acquired 75% stake. KBC Bank acquired a full 100% stake within IIB in 1999. Later, in 2000, the name of the bank change to IIB Bank. On the 27th of October, 2008, which marked the 30th anniversary of the majority ownership of KBC the bank, it was renamed KBC Bank Ireland plc.

KBC Bank Ireland provides a variety of banking services , including Commercial, Corporate and Business Banking, Private Banking and Treasury & Capital Markets. The Mortgage division, KBC Homeloans, is the most reputable mortgage company in Ireland.

KBC has started to operate branches in 2012 and a subsequent expansion planned for 2014. The move follows the demise from Halifax Ireland and Danske Bank from the Irish retail market, and certain branches operating within former locations of the banks.

KBC started a prominent foreclosure of a property in Strokestown located situated in County Roscommon in December 2018. In the aftermath incident, there was a brutal assault by a group of masked men from the team that was employed by KBC to secure the house.

On April 20, 2021 KBC started discussions to Bank of Ireland to sell its current loan book and also announced its intention to leave Ireland.

KBC employs over 1000 employees in Ireland within the following businesses: KBC Bank Ireland plc and KBC Fund Management.