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How to Buy Crypto with Ulster Bank in Ireland

Last updated on November 12, 2023

Quick Summary: While Ulster Bank 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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Ulster Bank Homepage

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

Thankfully there are many cryptocurrency 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 Ulster Bank

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 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 Ulster Bank.

Buy Crypto With eToro

About Ulster Bank

Ulster Bank (Irish: Banc Uladh) is a huge retail bank and one of the classic Big Four Irish clearing banks. Ulster Bank is a part of the Ulster Bank Group is subdivided into two legal bodies: National Westminster Bank PLC which trades under the name Ulster Bank (registered in England and Wales and operating in Northern Ireland); and Ulster Bank Ireland DAC (UBIDAC licensed as a registered entity in Ireland, which is registered in the Republic of Ireland). Ulster Bank’s headquarters Ulster Bank in the Republic of Ireland are situated on George’s Quay, Dublin, while the headquarters for Ulster Bank Northern Ireland are located in Donegall Square East, Belfast and retains a substantial portion of financial services in both the UK as well as in the Republic of Ireland.

In 1836, Ulster Bank was acquired by the London County and Westminster Bank in 1917. The bank was a wholly owned affiliate that was part of National Westminster Bank (NatWest) it was made part of the Royal Bank of Scotland Group in the year 2000. RBS Group was renamed NatWest Group in 2020. However it is they still use the Ulster Bank brand is used in Northern Ireland, which is the largest island in Ireland. There are 146 branches of the bank located in The Republic of Ireland and 90 in Northern Ireland, with over 1,200 ATMs that are not charging. There are more than 3,000 employees and more than 1.9 million customers.

On the 19th of February, 2021 NatWest Group announced a gradual withdrawal of all banking activities and related services within the Republic of Ireland. 3 May 2021 was the date Ulster Bank Limited’s operations Ulster Bank Limited in Northern Ireland was transferred to the parent company National Westminster Bank as part of an approved by the court Banking Business Transfer Scheme.