Frequently asked questions
You can buy bitcoin in Ireland via one of the cryptocurrency exchanges that are popular worldwide. These include Binance, Coinbase, and eToro.
Most exchanges will accept euros, meaning that you won’t need to pay multiple transaction fees to
get your money into USD before you make a purchase. There are, however, exceptions: eToro, for
instance, only allows trades in USD.
As of 2021, those trading in cryptocurrency in Ireland will need to surrender their anonymity. This comes under anti-money-laundering regulations rolled out across the country. Following the change, service providers in Ireland will need to register with the Central Bank and carry out due diligence on their clients. This, according to the Central Bank, will bring the world of cryptocurrency into
alignment with the same rules that govern mainstream financial services providers.
In Ireland, investments in digital assets like bitcoin are viewed in the same way as investments in stocks, shares, and physical commodities. If you’re going to make a profit on the tokens you’ve bought, then you’ll need to pay capital gains tax against those profits. In Ireland, capital gains tax is set at 33%, over an allowance of €1270.
Bitcoin is the first decentralized digital currency and the leading cryptocurrency worldwide. Bitcoin serves as a store of value and is therefore often referred to as digital gold. Read our guide on Bitcoin to learn more about this cryptocurrency.
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