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How to Buy Crypto with Scotiabank in Ireland

Last updated on November 12, 2023

Quick Summary: While Scotiabank 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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Scotiabank Homepage

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

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 Scotiabank

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 Scotiabank.

Buy Crypto With eToro

About Scotiabank

The Bank of Nova Scotia, which is known as Scotiabank is a Canadian multinational financial and banking services company with its headquarters located in Toronto, Ontario but also has branches throughout the world as well as in Ireland.

As one of Canada’s Big Five banks, it is the third-largest Canadian bank in terms of deposits as well as market capitalization. It has over 25 million clients across the globe and provides various products and services that include commercial and personal banking as well as wealth management as well as investment and corporate banking.

Scotiabank was established around 1832, at Halifax, Nova Scotia, the place where it was its headquarters until its move to Toronto in the year 1900. Scotiabank is billed as “Canada’s most international bank” because of its acquisitions, mainly across Latin America and the Caribbean as well as in Europe and in parts of Asia.

Scotiabank is an active participant in the London Bullion Market Association and one of the fifteen institutions accredited that take part in the London fixation of gold. From 1997 until 2019 it was managed by ScotiaMocatta, its division for precious metals.