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Best Crypto Exchanges in Ireland

Best Crypto Exchanges in Ireland

Uncover the best crypto exchanges in Ireland and understand their regulatory and tax landscapes with our comprehensive analysis.

Summary: In Ireland, the best approach for investing in Bitcoin and other cryptocurrencies involves utilizing exchanges compliant with the regulations of the Central Bank of Ireland. These accredited platforms offer the facility to deposit Euros (EUR) using commonly used Irish payment methods such as SEPA transfers, online banking services, and credit or debit cards.

To assist you in confidently traversing the crypto market, we have evaluated the top 5 exchanges available to individuals in Ireland. These services are the most trustworthy and reliable options for residents interested in participating in the digital currency market.

  1. eToro - Best Overall Exchange in Ireland
  2. Uphold - Best Alternative Exchange in Ireland
  3. Bybit - Best Derivatives Crypto Exchange
  4. Gate.io - Best for Altcoins
  5. Bitpanda - Best for Beginners
Best Crypto Exchange in Ireland
5.0 out of 5.0 by Datawallet
eToro is the best platform for Ireland due to its diverse portfolio of over 4,500 assets, unique features like Social Trading, competitive fees, and compliance with European regulations.
Deposit Methods
Bank Transfers, SEPA, Debit Card, Credit Card and more.
Supported Assets
4,500 Cryptos, Stocks, ETFs and more.
Licensing and Regulation
The CySEC, FCA and other Tier-1 Regulators.

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Best Cryptocurrency Exchange Ireland

Through extensive research of over 20 cryptocurrency platforms, we have identified the top five most suitable for investors in Ireland. Our evaluation focuses on factors such as compliance with regulations enforced by the Central Bank of Ireland or relevant European authorities, the variety of digital assets on offer, ease of use, capabilities for handling the Euro (EUR), and the fee structure. For Irish investors searching for a platform that meets their cryptocurrency investment needs, our detailed guide below provides an essential tool.

Exchange
Cryptocurrencies
Trading Fees
Deposit Methods
Key Features
eToro
4,500+ (Crypto, Stocks & ETFs)
0% Fees and Variable Spread (1% Average)
Bank Transfer, Debit Card, Credit Card & More
Multiple Asset Classes, Low Fees & Most Regulated
Uphold
250+
1% Fee and 1% Spread
Debit/Credit Card, Apple/Google Pay & More
Staking, Supports Metals (Gold & Silver) & More
Bybit
930+
Maker Fees 0.01% and Taker Fees 0.06%
Bank Transfer, Debit Card, Credit Card & More
Staking, Options, Futures, Lending & More
Gate.io
1,700+
0.08% Trading Fee and 0.1% Spread
Bank Transfer, Debit Card & Credit Card
Widest Altcoin Variety, Futures, Options & More
Bitpanda
3,000+ (Crypto, Stocks & ETFs)
0.2% Fees and 1% Spread
Bank Transfer, Debit Card & Credit Card
Mobile App & Advanced Limit Order Types

1. eToro

eToro is a leading investment platform in Ireland, offering access to over 4,500 financial instruments. This selection includes major cryptocurrencies like Bitcoin and Ethereum, top-tier stocks such as Coinbase and Microstrategy, and innovative ETFs, including options like a hypothetical BlackRock Bitcoin ETF. This wide range of choices empowers Irish investors to diversify their portfolios smoothly through a single, rigorously regulated platform.

Known for its user-friendly interface and streamlined Euro (EUR) deposit methods, eToro operates under the oversight of premier European authorities, solidifying its reliability in Ireland. It offers flexible investment options with various deposit methods, including bank transfers, online banking, and credit/debit cards. With a strategy that includes zero initial commissions and competitive spreads, eToro is an appealing choice for investors looking to broaden their investment horizons.

  • Fees: eToro employs a variable spread fee model, around 1%.
  • Supported Assets: eToro’s portfolio includes over 4,500 assets, encompassing cryptocurrencies, ETFs, and stocks.
  • Regulatory Compliance: eToro adheres to regulations from key European financial authorities, like CySEC and the OAM.
  • EUR Deposit Methods: Options cover bank transfers, SEPA, debit, and credit cards.
eToro Ireland

2. Uphold

Uphold stands out as a user-friendly and global cryptocurrency platform, catering to over 150 countries with a user base surpassing 10 million. It offers a diverse portfolio of over 250 digital assets, making it a strong alternative in the Irish market. A notable feature of Uphold is its lucrative staking options, offering investors the potential to earn up to 25% Annual Percentage Yield (APY) on an array of up to 30 cryptocurrencies.

Uphold excels in transparency and trustworthiness, complies with European regulatory standards, and registers with top financial authorities worldwide. This adherence ensures compliance and reliability. Uphold's commitment to transparency is further evident in its audited proof-of-reserves, guaranteeing that each digital asset is backed 1:1, which bolsters its status as a transparent and secure choice for crypto investment in Ireland. Uphold provides a seamless trading experience across web, iOS, and Android platforms.

  • Fees: Uphold charges a 1% trading fee and a 1% spread fee.
  • Supported Assets: The platform boasts an extensive range, including 250+ digital assets, four types of precious metals, and 27 fiat currencies.
  • Regulation & Licensing: Uphold aligns with European regulations and is registered with financial authorities in Lithuania.
  • EUR Deposit Methods: Irish users can access diverse methods, including bank transfers, SEPA, Google Pay, Apple Pay, and credit/debit cards.

3. Bybit

Bybit emerges as the third most notable exchange for cryptocurrency trading in Ireland, featuring an impressive selection of over 930 digital assets. Its extensive portfolio solidifies Bybit's position in the Irish derivatives market. The platform is appreciated for its straightforward and secure Euro (EUR) deposit process, along with a user-friendly interface that integrates advanced trading features like crypto staking and lending.

A key attribute of Bybit is its comprehensive range of derivatives products, which include up to 25x leverage and strong liquidity. This versatility makes Bybit a top choice for those seeking a well-rounded platform for sophisticated derivatives trading. The exchange maintains competitive fees with a 0.01% maker fee and a 0.06% taker fee. It is recognized for its efficiency and security, particularly appealing to Irish investors interested in advanced derivatives trading.

  • Fees: Bybit applies a 0.01% maker fee and a 0.06% taker fee.
  • Supported Cryptocurrencies: Offers an extensive collection of over 930 digital assets.
  • Regulation & Licensing: Complies with CySEC regulations, making it a reliable choice for European traders.
  • EUR Deposit Methods: Provides multiple options including bank transfers, debit/credit cards, and digital wallets like Google Pay and Apple Pay.
Bybit

4. Gate.io

Gate.io attains the fourth spot as a premier cryptocurrency exchange in Ireland, renowned for its substantial altcoin range. The platform is marked by an impressive selection of over 1,700 cryptocurrencies, positioning it as a prime choice for those interested in a wide array of digital assets. In Ireland's crypto market, Gate.io appeals for its low fees, beginning at just 0.1% for spot trades.

With a significant 24-hour trading volume exceeding $5 billion and a user base of over 14 million, Gate.io demonstrates its robust global presence in the cryptocurrency sector. The platform enhances user engagement with unique features like trading bots and a dedicated startup section, offering Irish users diverse and exciting market opportunities. This includes special trading events and competitions tailored to cater to the interests of the Irish market.

  • Fees: Gate.io maintains competitive fees, with maker orders starting at 0.1% and taker orders at 0.2%.
  • Supported Cryptocurrencies: Features an extensive collection of over 1,700 digital assets.
  • Regulation & Licensing: Headquartered offshore in the Seychelles, it’s not directly licensed in Ireland but remains accessible to Irish users.
  • EUR Deposit Methods: Offers a variety of options including local bank transfers, debit cards, credit cards, PayPal, and more.
Gate.io Ireland

5. Bitpanda

Bitpanda secures its position as a top cryptocurrency exchange in Ireland, overseen by the Federal Financial Supervisory Authority (BaFin). Based in Vienna, Bitpanda provides an expansive array of services, including trading a selection of over 3,000 cryptocurrencies, as well as stocks, ETFs, and more. A notable feature for Irish investors is Bitpanda's staking services, a relatively uncommon offering among regulated European brokers.

Dedicated to regulatory adherence, Bitpanda facilitates smooth Euro (EUR) deposits from any bank within the Eurozone, offering a range of payment methods, including Sofort. Beyond cryptocurrency trading, Bitpanda expands its offerings to nearly 100 additional financial instruments, featuring popular stocks and ETFs. This positions Bitpanda as a comprehensive and trustworthy gateway for Irish users entering the cryptocurrency market.

  • Fees: Bitpanda enables free SEPA and Sofort Bank Transfers in EUR and applies a trading fee of 0.2%.
  • Supported Assets: The platform encompasses over 3,000 cryptocurrencies, varied stocks, ETFs, and precious metals.
  • Regulatory Compliance: Bitpanda complies with the Federal Financial Supervisory Authority (BaFin) and is available in Ireland.
  • EUR Deposit Options: The platform supports various deposit methods, including bank transfer, iDEAL, debit/credit cards, Sofort, and PayPal.

Is Crypto Regulated in Ireland?

Ireland, cryptocurrency regulation is under development, reflecting a cautious yet innovative approach by the government. While the Irish Government recognizes the potential of blockchain and fintech, as evidenced by initiatives like the Fintech Steering Group and the International Financial Services Strategy 2025, it has not issued specific regulations for cryptocurrencies.

The regulatory oversight primarily falls under the Central Bank of Ireland, which has issued consumer warnings about the risks associated with virtual currencies, emphasizing their current unregulated status. Ireland has transposed the EU’s Fifth Money Laundering Directive (MLD5) into its law, extending anti-money laundering and counter-terrorism financing requirements to certain virtual currency exchanges and custodian wallet providers. 

However, there is no bespoke financial regulatory regime for cryptocurrencies in Ireland, and the treatment of crypto-assets largely depends on whether activities associated with them fall under existing financial services legislation. The upcoming EU Markets in Crypto-assets (MiCA) regulation, set to be implemented by the end of 2024, is expected to bring more clarity and a unified regulatory framework at the EU level.

How is Crypto Taxed in Ireland?

In Ireland, the taxation of cryptocurrencies follows the standard principles of tax law, as outlined by the Irish Revenue. Transactions involving cryptocurrencies are treated similarly to those with traditional assets. For sporadic cryptocurrency transactions, they are likely to be taxed as capital gains at a rate of 33%. In contrast, consistent and significant trading activities may be classified as financial trading, subject to a corporate tax rate of 12.5% for companies or higher individual tax rates. Each transaction is subject to a detailed evaluation to determine its precise tax treatment.

Regarding VAT, the Irish Revenue stipulates that it applies to goods and services exchanged for cryptocurrencies, but not to transferring the cryptocurrencies themselves. Income generated from cryptocurrency mining is typically exempt from VAT. For non-resident individuals, the tax implications for cryptocurrency gains are influenced by the asset's location.

Given the digital nature of cryptocurrencies, they are not regarded as situated outside Ireland for tax purposes. In cases where the location of the cryptocurrency is disputed, the responsibility lies with the taxpayer to demonstrate where the gain was made.

Bottom Line

In conclusion, our thorough research identifies eToro, Uphold, Bybit, Gate.io, and Bitpanda as leading cryptocurrency exchanges in Ireland, each standing out in areas like compliance, asset diversity, and usability. As Ireland's regulatory framework for cryptocurrencies, primarily overseen by the Central Bank of Ireland, continues to evolve, these platforms provide dependable options for engaging in the crypto market. 

It's essential for investors to be aware of the tax implications outlined by the Irish Revenue, with each transaction's nature determining its tax treatment. This guide is an indispensable tool for Irish investors seeking to navigate the dynamic cryptocurrency landscape effectively.

Frequently Asked Questions

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A Guide to Commonly Asked FAQs.

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