Can you Buy Crypto with AIB?
Yes, it may be possible to buy cryptocurrency with AIB Bank by using licensed and regulated third-party exchanges. These exchanges are separate entities and not directly affiliated with AIB Bank. We recommend only using platforms that hold licenses from top European and UK regulators like the FCA, CySEC and ESMA.
How to Buy Bitcoin and Crypto with AIB
As outlined above, the best way to invest in Bitcoin and cryptocurrencies is through a regulated broker. We recommend eToro because they offer direct deposits from AIB to safely trade cryptocurrencies and are licensed by the 3 key financial markets regulators in the region which include the FCA, CySEC and ESMA.
Here is a simple 4-step guide to getting started:
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select the amount of EUR or GBP you want to deposit and your preferred deposit method (e.g AIB Bank Transfer or Debit/Credit Card).
- Complete the deposit and use the funds credited to your account to invest in crypto.
What are the Fees?
The fees associated with buying cryptocurrency through AIB Bank will vary depending on the third-party exchange used. However, fees generally include transaction fees, deposit fees, and withdrawal fees, which all vary depending on the exchange and type of cryptocurrency being traded.
We recommend eToro because they offer free deposits from AIB, zero commission trading and industry-leading spreads (1%) to trade crypto assets. This is significantly cheaper than popular alternatives like Coinbase which charge 1.5% - 2% per trade.
Is AIB Crypto-Friendly?
AIB Bank is a crypto-friendly banking institution in Ireland that allows customers to buy and sell digital assets through regulated brokers. This means that users can safely deposit funds and invest in cryptocurrencies through licensed providers.
What is AIB Bank?
AIB Bank, also known as Allied Irish Banks, is a commercial bank based in Dublin, Ireland. Founded in 1966, it is one of the "Big Four" banks in Ireland and offers a range of banking services to both personal and business customers, including current and savings accounts, loans, mortgages, and credit cards. AIB operates through a network of branches across Ireland and has a strong online and mobile banking presence. It also offers services such as foreign currency exchange, insurance, and investment products.
AIB Bank does not offer any products or services to buy or sell crypto assets directly through its internet banking platform. However, it is possible to buy cryptocurrency with AIB Bank by using licensed and regulated third-party exchanges. We recommend using eToro as it is a trusted and regulated broker that accepts Euro or GBP deposits from AIB to invest and custody crypto assets. With eToro, you can trade over 70 crypto assets with zero commission fees and industry-leading spreads.