Cryptocurrency has become so popular recently, and there doesn't seem to be any signs of the market or the community slowing down. If you are considering jumping in yourself before it's too late, then a crypto exchange is the easiest way to get started on your crypto journey. There has never been so many websites where you can buy crypto such as Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA), but you need to know which platforms to trust. In this guide to the best crypto exchanges in Ireland, we have tested the most popular exchanges in various categories to come up with our top suggestions. You can trust that all of these are legitimate, well-established platforms that have the highest levels of security so you can invest with peace of mind. These are our pick of the best exchanges in Ireland.
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Best overall for Ireland
☑️ Trade 30 of the most popular cryptocurrencies
☑️ Access to trade stocks, ETFs and CFDs (forex, commodities, indices, stocks, ETFs & crypto)
☑️ Demo account to practise trading with $100,000 virtual money
Best for serious trading
☑️ A great option for serious traders, low fees, and access to over 300+ coins
☑️ Only ever pay a flat fee of 0.1% when trading crypto to crypto on this platform
☑️ Offers many additional features such as staking, futures trading, P2P marketplace
Best for altcoins
☑️ Fees from 0.1% and a loyalty scheme which earns you their native cryptocurrency (KCS)
☑️ Free trading bots to execute trades automatically for you
☑️ Offers over 250+ cryptocurrencies & over 40 fiat currencies
Best for beginners
☑️ Offers more than 70+ cryptocurrencies & over 10+ fiat currencies
☑️ Coinbase privately insures their own platform so users' funds are safe in the event of a cybersecurity breach
☑️ Deposit Methods: Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
Best for speed & ease
☑️ Allows customers to buy crypto instantly, with no need to pre-fund account
☑️ Various payment methods including debit/credit cards, wire transfers, Google Pay and Apple Pay
☑️ Serves 10 cryptocurrencies to over 2 million customers
Best Cryptocurrency Exchanges in Ireland for 2021: Reviews
1. eToro Exchange - Best crypto exchange overall in Ireland
eToro is the #1 best choice of cryptocurrency exchange in Ireland. It has a user-friendly and intuitive platform, and is perfect for those that are new to crypto, with the inclusion of a Demo account that is not found on other exchanges. You can practise buying, selling and trading crypto risk-free, using $100,000 free play money. When you are ready to buy crypto with your real money, you can deposit for free using PayPal, online banking, debit/credit card or wire transfer.
eToro has a unique feature with its social trading, giving users the opportunity to interact with others in the crypto community via the News Feed, and even use the CopyTrader function. CopyTrader is an excellent feature, especially for newcomers, as it enables you to automatically copy the exact trades of a successful trader.
eToro does not charge a commission on trades, but their fees are included in the spread. It means that as a user, you know exactly how much you are paying - what you see is what you get. However, without a percentage commission, it can be difficult to compare trading fees directly with other crypto exchanges. According to our calculations, eToro's trading fees are reasonable compared to other exchanges that use a quick buy or sell feature. However, in comparison to exchanges where you trade crypto on the market, eToro's trading fees are higher than the industry average.
All in all, eToro is a top choice for beginner and casual crypto investors in Ireland. If you are an experienced or a serious trader, then you might find one of the other alternatives more suitable for you. For example, Binance has very low trading fees of only 0.1% and over 300+ cryptocurrencies.
2. Binance Exchange - Best crypto platform for serious trading
Binance is a fantastic cryptocurrency platform for experienced crypto traders, and this is clear from their huge popularity since their establishment in 2017. Binance quickly grew to become the largest crypto exchange in the world based on trading volume, and the low trading fees (only 0.1%) are only one of many reasons why traders love their exchange. Binance is packed full of extra services that are not common on most other exchanges, including staking, futures trading, P2P marketplace, and over 300+ different coins.
If you are someone who trades crypto regularly, you definitely need to consider Binance as your crypto exchange. Their trading fees start at just 0.1%, and you can reduce the fees simply by owning and paying with their coin (BNB), and with high trading volume. Binance's low fees mean that you can maximise the profits you make on your frequent trades. If you like to trade automatically based on certain parameters, Binance is compatible with third-party trading bots.
One downside is that Binance can be confusing for those that are completely new to cryptocurrency. If you are signing up to your first crypto exchange, you may find eToro a better match for you.
Related articles: Binance vs KuCoin
3. KuCoin Exchange - Best exchange for Altcoins in Ireland
KuCoin is very popular around the world due to its large range of different cryptocurrencies, with over 250+ altcoins. The trading fees are low (only 0.1%) and can be easily reduced by paying with their own coin (KCS). KuCoin is made for advanced traders who want lots of extra features, including Margin trading, Spot trading, P2P marketplace, Futures trading, and Crypto lending. If you want to read more about these features, you can check out our full KuCoin review.
A downside to using KuCoin is that you are not able to withdraw fiat currency from the exchange to your bank account. If you are keen to use KuCoin's features, but you want to convert it back to fiat currency eventually, you can sell your coins easily with Coinmama.
4. Coinbase Exchange - Best for beginners to crypto
Most people have heard of Coinbase, since it is the largest crypto exchange in the USA, with over 68 million users. The great news is that it's also available in Ireland, offering over 70+ different cryptocurrencies on its user-friendly platform. It is easy to deposit into Coinbase, with bank transfer, SEPA, credit cards, debit cards and wire transfer options. Registration is fast and easy so you can get started straight away, and Coinbase even holds crime insurance cover to protect against cybersecurity breaches.
Although Coinbase has higher fees compared to crypto exchanges where you trade on the market, it is an excellent option for beginners because the benefits outweigh the cost. It is extremely easy to use, has multi-layered security, and you have peace of mind with crime insurance cover. You can even earn small amounts of crypto for watching short educational crypto videos!
Related articles: Coinbase vs KuCoin
5. Coinmama Marketplace - Best for speed & ease of use
Coinmama is a great choice if you are after somewhere to buy crypto easily and instantly. You don't need to pre-fund your account which sometimes can take a while, especially on your first deposit. With Coinmama, you pay for the coins directly at the time of sale, and the coins are sent straight to your personal wallet. When you sell crypto, it's also fast and simple, even if you purchased it on another exchange, with the money sent straight to your bank account. It is very safe to buy and sell crypto using Coinmama because they never store your crypto or fiat assets not payment details. You always have control over your own funds, and even if Coinmama is hacked, you will not lose your cryptocurrency since it is safely stored in your own wallet.
The downside of Coinmama is that they have a wide spread and also charge high fees (from 3.81%), but remember that you don't have to pay and deposit and withdrawal fees on your fiat currency, as well as saving on the transaction fee to transfer crypto into your wallet.
Comparison Table of the Best Crypto Exchanges in Ireland
How to Choose a Cryptocurrency Exchange
Whether you are beginning your crypto journey or you're a seasoned trader, you will notice there are so many different options to choose from. How do you know which is the best crypto exchange to use when they all claim to be better than the rest? A smart way to choose is decide what features are important to you personally, then research as many exchanges as you can, to see if they meet your criteria. Here are the most important factors to look at when you are comparing different crypto exchanges.
Beginners to crypto will want a simple, intuitive interface, while experienced traders will be looking for a platform with advanced trading tools and more features.
Make sure that the exchanges you are looking at support the payment method you prefer to use. Many exchanges accept popular options like credit/debit cards and PayPal.
Do you want to buy and sell crypto straight from the exchange, or trade on a market? Are you only interested in trading fiat to crypto, or do you want to trade crypto for crypto? Check that the exchange supports your preferred trade type.
Consider deposit and withdrawal fees, as well as trading fees. Some exchanges may also have currency conversion fees to change EUR to USD before you can start trading.
If you are planning on depositing and withdrawing large sums of money, check for any maximum daily limits that may be in place on certain exchanges.
If you want to start small, check to see what the minimum deposit amount is on the exchange you're considering.
Do you plan on trading on a computer, phone, tablet or a combination? If you want to use a mobile device, you need to check that the exchange has a mobile app. Trying to access a desktop site on a mobile device isn't ideal, so be sure to choose an exchange with their own app.
Besides looking at fees, you need to take a look at the prices that the crypto exchange charges for different coins. Some exchanges may charge lower fees (or even no fees) but they have a wider spread, so they make money out of the difference there.
The more popular the exchange, the higher the liquidity, making it easier and quicker for you to complete your trade.
Most platforms require you to verify your identity before allowing you to begin trading, as part of their regulatory obligations. If you don't want to give out this information, you can try to find an exchange that does not require full verification.
If you want fast access to your funds, you want a crypto exchange that has instant deposits and fast withdrawals. You don't want to be waiting for 5 business days for your EUR to be deposited in your account, while the price of crypto is rising.
Security should be the number one priority when choosing a crypto exchange. Ensure you choose a legitimate exchange that incorporates multi-layered security features like 2FA, strong account verification processes, 24/7 security monitoring, and offline cold storage of crypto assets.
The crypto industry is still quite lightly regulated, and where the exchange is headquartered and where it operates will affect the level of regulation it has.
Is the customer support on the exchange responsive? Is there Live Chat support or is communication all via email?
You should choose an exchange that is well-established and has a large user base. That way you know it is legitimate and trustworthy. Read reviews about the exchange and see what others think of it.
How to Use a Cryptocurrency Exchange
1. Buying Cryptocurrency with Fiat Currency
Let's say you have €500 available to buy Bitcoin with. Follow these simple steps:
- Compare and research crypto exchanges to find one that’s suitable for you.
- Register and verify your account on the platform, including providing any identity documents and personal details.
- Find the ‘Buy’ screen once your account is ready.
- Choose Bitcoin as the cryptocurrency you want to buy.
- Select your payment currency (EUR in this case) and choose €500 as the amount of Bitcoin you want to buy.
- Choose your preferred payment method.
- Enter your payment details.
- Review the full details of your transaction before confirming the purchase. Check the amount of BTC that you’re buying, and the amount of EUR you are spending. Make sure you are happy with the fees that they are charging.
- Click ‘Buy BTC’ when you have checked all your details are correct.
- The BTC you purchased will be deposited into the wallet in your crypto exchange wallet.
2. Buying Cryptocurrency with Another Digital Currency
Let’s pretend that you have some BTC that you want to use to purchase some ETH. If you’re placing a crypto-to-crypto trade on a centralised exchange, follow these steps:
- Compare and research different crypto exchanges to find one that suits your personal needs.
- Open an account and verify your identity, email address, and any other requirements.
- Click 'Deposit Bitcoin' to find the BTC wallet address of the crypto exchange account.
- Send the amount of Bitcoin that you want to trade from your external wallet to the wallet address you just located in the crypto exchange.
- Once the Bitcoin has arrived in your account (could take a few minutes), click to the ‘Trading’ or ‘Exchange’ page.
- Find and select the currency pair (BTC/ETH) that you want to trade.
- Click on the ‘Buy’ field and choose the type of order that you want to place, for example limit order or a market order.
- Select the amount of BTC you want to use, and you will be shown how much ETH you will get in return if you are placing a market order. If you are placing a limit order, you’ll be required to specify the exchange rate that you want your trade to be activated at.
- Review your transaction, checking all the details are correct before you confirm your order.
- Once you are happy with your order details, click ‘Confirm Buy ETH’.
- You should see your ETH in your wallet on the crypto exchange.
Bear in mind that if you are trading on a decentralised crypto exchange, the process will differ. You will usually be required to link your wallet to the account, which allows you to trade directly from wallet to wallet without depositing any funds to your exchange account.
3. Selling and Withdrawing Funds
If you want to sell cryptocurrency such as Bitcoin on a crypto exchange, you just need to follow these simple steps:
- Log into your account and click 'Deposit Bitcoin' to find your BTC wallet address.
- Transfer the amount of BTC you want to sell from your external wallet to this address. (If you already have Bitcoin on your exchange, ie you never transferred it out of your account, you can skip steps 1 and 2.)
- Find the ‘Trading’ or ‘Exchange’ page, or some crypto exchanges will simply have a Sell button.
- Choose your fiat currency (EUR) that you want to receive in exchange for your Bitcoin.
- Go to the ‘Sell’ field and enter the amount of Bitcoin you want to sell. Depending on your exchange, you may be able to place a limit order (choose the price you want for your Bitcoin), or you can sell at the current rate immediately.
- Review your transaction to check all the details are correct, such as the amount and the exchange rate, and any fees.
- Select ‘Sell BTC’.
- Your Euro will be in your wallet in the exchange as soon as the transaction is complete.
Now it’s time to withdraw your Euro from your crypto exchange to your bank account. Find the 'Withdraw Fiat' or 'Withdraw EUR' option on your account dashboard. Select your withdrawal method and enter the details to process your withdrawal. Depending on the method of withdrawal, it can take up to a few days to receive in your account.
How to Pay for Your Cryptocurrency
You need to deposit funds into your crypto exchange account to purchase crypto. Each exchange will differ with what payment options they accept. Check that the exchange you want to use supports your preferred method before opening an account. These are some of the deposit methods found in Ireland:
The Different Types of Cryptocurrency Exchange
When we use the term cryptocurrency ‘exchange’, we refer to a range of cryptocurrency platforms, which include the following:
Best for: Beginners and those looking for a quick, simple method of buying crypto.
Downsides: Tend to have higher fees and may not support as many different coins.
Cryptocurrency brokers offer the easiest, most convenient option for purchasing cryptocurrency. Buying from a broker is like buying your crypto from an online shop. The broker has access to crypto assets at wholesale rates, and they sell them to you with a fee and a slightly higher rate.
For a fast and easy way to get started with crypto, a broker is the right choice for you. They are designed for beginners, so you don't need to worry about it being difficult to use.
Best for: Trading a wide range of cryptocurrencies with lower fees.
Downsides: It isn't always possible to directly trade the crypto that you want, and it can be daunting for beginners.
Trading platforms are the most popular type of cryptocurrency exchange. They work by connecting crypto buyers and sellers and take fees for facilitating the transaction. You can use them to trade cryptocurrency at the market rate or set your own price with a limit order. Usually, a trading platform will have a wider array of coins compared to crypto brokers. They may also have additional features such as advanced charting tools and even automatic trading bots to help you maximise your trade profits. Trading platforms also have better exchange rates and lower trading fees compared to brokers.
One point to note is that you may not always be able to trade one crypto for another one you want. You are limited to the trading pairs that are supported on that platform.
Best for: Being in control of how you trade and trading anonymously.
Downsides: There’s a higher level of risk involved, and your order will not be filled as quickly.
Peer-to-peer (P2P) exchanges are platforms that facilitate trading directly between two people. The P2P exchange acts as a middleman to enable the transaction to occur. Sellers can set their own prices and choose which payment methods and currencies they want to receive. The danger of P2P exchanges is it can be riskier compared to the standard trading and broker platforms. However, good platforms reduce the risk using built-in escrow as well as reputation systems so you can find trustworthy and reliable buyers and sellers.
How do I store my Cryptocurrency?
When you buy crypto from an exchange, most of them will automatically create a wallet for your coins within your online account. You can hold it in there, but there is a risk that you lose your cryptocurrency if the site is hacked. Because the exchange controls the private key to that wallet, you don't have total control of your assets.
It is recommended that you store your crypto in a personal wallet (either a hot wallet app for mobile or desktop, or a cold hardware wallet). This means you are in control of your private keys so you cannot lose your funds if a crypto exchange is hacked. Non-custodial exchanges such as Coinmama require you to have your own wallet because any crypto you purchase is sent directly there.
There are so many crypto exchanges available right now, and each trader and investor will have different preferences on what they want from their platform. Because of this, it's important to research the best exchange that is right for you, since a great exchange for one person may be the worst choice for another. Read lots of reviews, compare features, fees, pros and cons to decide which one is best suited to your requirements.
Frequently Asked Questions
Yes, you can use Binance exchange in Ireland. Binance is very popular worldwide due to low trading fees of 0.1%, over 300+ different coins, and staking.
Yes, it is legal to buy, sell and trade cryptocurrency in Ireland.
Yes, Coinbase is available in Ireland, and it is our top recommended crypto exchange for newcomers to cryptocurrency.
After you have sold your cryptocurrency, and you want to withdraw your Euro to your bank account, it is simple. Simply click on Withdraw, and follow the prompts using your preferred payment method.
There are plenty of places you can buy crypto in Ireland, but you need to find a reliable exchange. All of the crypto exchanges listed on this page are legitimate, trustworthy platforms for purchasing crypto.
Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us.