How to Buy Crypto in Ireland
The emergence of cryptocurrency in Ireland has prompted many consumers and business owners to wonder about its potential for growth. While it’s still early days, a survey from Banking & Payments Federation Ireland (BPFI) found that one in five people under 55 now own Bitcoin. How to Buy Crypto in Ireland.
If you’re thinking of buying crypto in Ireland, it’s important to research the various options available to you. Different exchanges offer different fees, withdrawal limits, transaction methods and verification processes. You should also check the reputation of each exchange before making a purchase.
How to Buy Crypto in Ireland: A Beginner’s Roadmap
In Ireland, the most popular way to purchase cryptocurrencies is through an online exchange. There are a number of well-established and trustworthy exchanges that cater to Irish customers. For example, Bit2Me offers a quick and easy way to buy cryptocurrency in Ireland with the added security of Apple Pay.
Other popular exchanges in Ireland include Kraken and Bitstamp. Both have high security standards and a wide range of services, including margin trading. They also support a variety of different currencies, including the euro.
Investors should remember that cryptocurrencies are not recognised as legal tender, and they do not enjoy the same level of protection offered by traditional financial products such as bank deposits or investments sold by stockbrokers. As such, any gains made on the sale of a cryptocurrency are subject to capital gains tax (CGT). Ignorance is never a defence when it comes to paying taxes.…