What is Irelands stance on Cryptocurrencies

Ireland is becoming an increasingly attractive destination for companies that wish to trade cryptocurrencies. The Irish government has established the Central Bank of Ireland as a regulator and supervisor of all financial service providers operating in Ireland, including cryptocurrency exchanges. Companies are now able to obtain the appropriate licenses necessary to operate a digital currency exchange.

Furthermore, Irish taxation authorities have recently clarified their position on cryptocurrencies by indicating that taxes will apply to profits generated from cryptocurrency trading activities.

5 Best Digital-Asset Exchanges in Ireland

Below you will find the Five Best Crypto Exchanges in Ireland. They have been ranked based on a variety of factors including features, assets, fees, security, UI, support and more.

1. Uphold - Best Overall Crypto Exchange in Ireland

Uphold is a global digital-asset exchange that supports a wide range of assets, including Bitcoin, Ethereum and over 260 other tokens. It is one of the most secure exchanges in Ireland, providing users with an audited proof of reserves showing their funds are held 1:1. In addition to a large selection of tokens and high security, Uphold also offers crypto staking, a crypto card and more.

  • Fees: Free EUR deposits, expect cards which have a 2.49% fee. Trading fees vary between 0.8% - 1.2% depending on the asset.
  • Supported Assets: 260 cryptocurrencies.
  • Regulation & Licensing: Regulated and Licensed by the FCA in the UK.
  • Customer Support Options: 24/7 support via live chat, online ticketing system and email.
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Uphold - Best Overall Crypto Exchange in Ireland.
Uphold - Best Overall Crypto Exchange in Ireland.

2. Bybit - Best Derivatives Crypto Exchange

Bybit is a cryptocurrency derivatives exchange that offers spot, margin, futures and options trading. They offer perpetual contracts and margin trading options with up to 100x leverage on Bitcoin, Ethereum and other altcoins. Bybit is a highly secure platform that protects investor's funds with multi-level security protocols and also provides proof-of-reserves that show users funds are backed 1:1.

  • Fees: Deposits and withdrawals are free. Spot trading fee is 0.1%, and the derivatives maker/taker rebate is 0.01%/0.06%.
  • Supported Assets: 400+ cryptocurrencies.
  • Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
  • Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
  • EUR Deposit Methods: Credit Card, Debit Card, SEPA, Bank Transfer, Maestro & Google Pay.
Bybit - Best Derivatives Crypto Exchange.
Bybit - Best Derivatives Crypto Exchange.

3. eToro - Best Multi-Asset Exchange

eToro is a global multi-asset trading platform that allows users to buy, sell and trade cryptocurrencies as well as stocks, ETFs, commodities, indices and other financial instruments. eToro provides advanced investing tools such as Copy Trading which enables investors to copy the trades of more experienced traders. It has been operating since 2007 and is the oldest cryptocurrency exchange globally.

  • Fees: Deposits are free, withdrawals have a $5 fee and trading fees are 1%.
  • Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
  • Regulation & Licensing: Regulated & Licensed by the CySEC.
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Trustly, Klarna, SOFORT, Skrill, Neteller, and PayPal.
eToro - Best Multi-Asset Exchange.
eToro - Best Multi-Asset Exchange.

4. Coinmama - Best Irish Crypto Exchange

Coinmama is a cryptocurrency exchange based in Ireland that offers users an easy and secure way to buy, sell and trade digital assets. Unfortunately, the platform doesn't offer many features and only allows users to buy and sell tokens, so if you are looking for a more comprehensive trading experience, we do not recommend using Coinmama.

  • Fees: 0.99% to 3.90% on trading fees and deposits vary depending on the method.
  • Supported Assets: 18 cryptocurrencies.
  • Regulation & Licensing: It is a regulated Money Services Business registered with FinCEN and FINTRAC.
  • Customer Support Options: Email and phone support between 9AM - 5PM, Mon - Fri.
  • EUR Deposit Methods: SWIFT, SEPA, Bank Transfer & Credit/Debit Card.
Coinmama - Best Irish Crypto Exchange.
Coinmama - Best Irish Crypto Exchange.

5. Bitpanda - Best Alternative Crypto Exchange

Bitpanda is another popular cryptocurrency exchange that is based in Europe. It has a wide range of asset classes including crypto, stocks, indices, commodities, ETFs and more. Bitpanda also offers low fees and support a variety of EUR payment methods. It is based in Austria but is the largest cryptocurrency trading platform in Europe with over 4 million users.

  • Fees: Deposits and withdrawals are free on Bitpanda and trading fees are 0.2% - 1%.
  • Supported Assets: 200+ cryptos including Bitcoin, Ethereum, and Cardano.
  • Regulation & Licensing: Regulated by the Financial Market Authority (FMA) of Austria.
  • Customer Support Options: 24/7 customer support via live chat, email, and social media.
  • EUR Deposit Methods: Bank transfer, Debit/Credit Card, NETELLER, Bank Wire, and PayPal.
Bitpanda - Best Alternative Crypto Exchange.
Bitpanda - Best Alternative Crypto Exchange.

The Bottom Line

Finding the right cryptocurrency exchange in Ireland can be a daunting task. With so many options available, it's important to weigh up the pros and cons of each platform before making your decision. The five exchanges listed above are our top picks for traders from Ireland looking for a secure and reliable platform that offers low fees and a wide range of features.