How to Buy Bitcoin in Ireland

Buying Bitcoin in Ireland is easy if you know where to look, and there’s no shortage of options, either. The challenge comes when determining which solution is right for you, so we’ve made an easy walk-through for how to buy Bitcoin in the country.

Most people who buy, sell, or trade Bitcoin use an exchange. An exchange provides users with a platform to enable buying, selling, and trading. They require you to create an account attached to your email address and some also require additional information to verify your identity.

With so many ways to trade Bitcoin out there, we have found that Plus500 and Paxful are the best. They both give users the ability to get their feet wet in cryptocurrency with a more pleasant experience that’s not overwhelming. You can’t beat these platforms when selling or buying Bitcoin in Ireland.

 

  • 📈 Trade: BTC, ETH, XRP, LTC, BCH & IOTA
  • 💰 Deposit Methods: Credit/DebitCard, PayPal, Skrill, Bank Transfer
  • ✅ Regulated
  • ✅ Plus500 is a CFD Broker Which Means No Need To Setup Crypto Wallets
  • 🎧 Support: 24/7 Live Chat & Email
  • ✅ Mobile App For iOS & Android

  • 📈 Trade: Bitcoin
  • 💰 Deposit Methods: Over 300 Including PayPal, Gift Cards & More
  • ❌ Regulated
  • ❌ No Need To Setup Crypto Wallet
  • 🎧 Support: Livechat & Email
  • ❌ Mobile App For iOS & Android

 

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the Plus500 website.

Ways to Buy Bitcoin in Ireland

Contract for Difference

Contract for Difference (CFD) means that you are buying, selling, or trading Bitcoin without ever holding the coins. You enter into a contract at a certain price and close the contract when the price reaches your ideal selling point. You come out with the difference in the two prices, hence the name Contract for Difference.

If you want to use the CFD method for buying Bitcoin in Ireland, Pluss500 is the best solution. This platform makes it easy to watch Bitcoin’s current price without the need to set up a wallet. Because you never hold the coins, you don’t need offsite storage. The Plus500 site is also well-regulated, so it protects you against scammers.

With Plus500, you can learn more about Bitcoin and view other cryptocurrencies as well. Easily monitor your portfolio on the desktop or the mobile application. When researching how to buy Bitcoin in Ireland, Plus500 makes it easier than any other platform to check on your CFDs.

Standard Crypto Exchange

A standard crypto exchange like Paxful is the best solution for those people who want to dive right into buying Bitcoin in Ireland. This full cryptocurrency exchange allows you to buy, sell, and trade Bitcoin after setting up your account.

Paxful offers the best full exchange solution because of its user-friendly dashboard and smooth interface. It also provides you with many different ways to pay for a seamless experience that’s better than any other way to buy, sell, or trade Bitcoin.


Plus500: Best CFD Exchange to Buy Bitcoin Ireland

How to buy Bitcoin in Ireland with Plus500

Our favorite exchange for buying Bitcoin through contract for difference is Plus500. For those who want to gain exposure to the world of cryptocurrency without holding Bitcoin, it’s an excellent option. If you’re buying Bitcoin in Ireland, we highly recommend Plus500.

When you’re ready, visit the Plus500 site (80.6% of retail CFD accounts lose money) to begin the registration process. In the middle of the page is a button labeled “Start Trading Now.” Click on that to get started.

How to create a Plus500 account in Ireland

The first thing Plus500 will want you to do is to select an account type. You can choose between Real Money and Demo Mode. For those that would prefer to learn more about Bitcoin without spending their own funds, select Demo Mode. We’re going to choose Real Money for the purposes of our guide.

Additionally, you’ll notice a couple of download links toward the bottom of this page. Select either of these if you want to have Plus500 on your smartphone or tablet (or you can look in the app stores). Now, you’ll have Plus500 anywhere you have connectivity.

How to create real money account on Plus500

On the next page, Plus500 requests some basic information for registration. It’s not much at this point, just your email address and a password. Or if you want, you can choose your Google or Facebook account for registration. Select “Create Account” to move forward.

Create Plus500 accountOnce you’ve created your account, Plus500 will ask for additional information. Don’t be put off by the personal nature of the request. This is typical for most cryptocurrency exchanges. Plus500 is simply verifying your identity, which helps to determine who is using the site. Think of it as an extra layer of security for the Plus500 exchange.

Plus500 will activate your account once it has all the documentation it needs to validate that you are who you say you are.

How to do verification on Plus500

Depositing Funds Into Your Plus500 Account

When the site activates your account, Plus500 will send a notification to you. At this point, you can start depositing funds into your Plus500 account. You can use Paypal, Skrill, wire transfer, or credit and debit cards to move your funds over to Plus500.

Soon after you provide the platform with your deposit information, you’ll see your funds in your account. Now you’re ready to buy Bitcoin in Ireland. Find the “Trade” button located on the left side of the screen. This will show a list of options for trading on Plus500. Locate “Cryptocurrencies” and select it to show all the coins Plus500 supports.

Bitcoin should be easy to find since it sits at the top. It also makes it one of the easiest digital coins to “buy.” Find and click on the button labeled “Buy.” You’ll see a window show up on the right side of your screen. This is where you’ll fill in the particulars for your contract for difference.

Fill in the amount of Bitcoin you want to purchase for your CFD. You’ll also see an option labeled “Advanced” beneath the Buy button. If you’re comfortable with CFDs, this section will give you more granular choices for your contract. When you’re ready, select “Buy” to buy your Bitcoin CFD.

How to buy Bitcoin in Ireland with Plus500

When your order processes successfully, Plus500 will send you a notification telling you so. On the main trading screen, you can see the amount of Bitcoin you purchased, your profit and loss, your margin, and the funds you have remaining.

When it’s time to close out your CFD, all you need to do is select the “Close” option. Plus500 will immediately credit you with the difference between your entry price and the ending price of the CFD.

How to sell Bitcoin in Ireland with Plus500


Buy Bitcoin Ireland Using Paxful

When it comes to buying Bitcoin in Ireland, we also like using Paxful. This unique platform lets buyers and sellers interact with one another directly. However, you do need to first register with the site. It doesn’t take long and is a straightforward process, which makes Paxful an exchange that’s easy to use.

To get started, point your browser to Paxful. Look in the top right-hand corner for a link labeled “Create Account.” Click on that to begin.

How to create an account on Paxful exchange

You’ll need to fill out the registration box that shows up on the screen. Give Paxful your email address, select a username, and enter your password. Agree to the platform’s terms, let it know you’re a real person, then choose “Create Account and Free Wallet.”

Next, you’ll get an email from Paxful asking that you confirm your email address. Click on the link in the email, which will take you back to the site. Now you’re ready to find a seller from whom you can buy Bitcoin in Ireland.

One thing we do recommend before you buy is enabling two-factor authentication (2FA). By turning this one, you’re creating an additional security layer which serves to protect your information on the platform. You don’t have to do this, but doing so will add a little extra protection. We suggest you do this for any platform you use to purchase digital coins.

Selecting Funds for Paxful

The first step to buying Bitcoin is letting Paxful – and the sellers – know how you plan on paying for it. There are plenty of payment methods available through Paxful. You can choose among Paypal, Apple Pay, Western Union, Skrill, American Express, Gift Cards, and many others.

Keep in mind that the method of payment you select will have a direct impact on how many sellers are available. When you’ve decided how you want to pay, enter how much Bitcoin you want.

How to Buy Bitcoin in Ireland with Paxful

Now you need to choose your currency. There’s a blue button which has a dropdown of the currencies available on Paxful. There are plenty of options, so you should be able to find one that works for you. Validate that everything is entered correctly, then select “Buy Bitcoin Now.”

Buying Bitcoin in Ireland with Paxful

You’ll see a list of sellers available to you, so be sure to carefully review each one before moving forward. Additionally, you might notice that the cost of Bitcoin is higher than you’ll find on other exchanges. This is primarily because of the risk associated with selling on Paxful.

Buyers on Paxful can take advantage of sellers on the platform by choosing not to complete a transaction. That means sellers can potentially lose both their money and their Bitcoin. To protect themselves, they raise their prices to make a safety net of sorts.

When you locate a seller that you like, take a moment to review the terms they have for buyers. You’ll get a solid idea of what the seller expects from you. A good seller will set forth exactly what they want in their terms, which will explain to you how the transaction will occur.

If you’re good with the seller’s terms, select “Buy.” When you do, the Bitcoin moves into escrow, which is where it remains until both you and the seller are satisfied that the transaction is finished. Pay the seller per their instructions, then mark things completed on your end.

The seller is alerted that you’ve held up your end of the transaction and can indicate the same. When this is done, the Bitcoin in escrow moves into your Paxful wallet. You have now purchased and are the proud owner of Bitcoin. You can keep it in your Paxful wallet, or move it to an offsite wallet for safekeeping.


More Bitcoin Info

You should learn as much as you can about buying Bitcoin in Ireland before you get started. Bitcoin was developed by Satoshi Nakamoto in 2009 and was the first cryptocurrency to market. Here are some other important things to remember about Bitcoin.

The Purpose of Bitcoin

Bitcoin gives owners a decentralized way to store cryptocurrency. The point of Bitcoin is to enable people to purchase goods and services from anywhere in the world without going through a third party like a bank. Because Bitcoin is not affiliated with any specific bank, country, or government, anyone can use it. They don’t charge high fees like credit cards and banks often do, so it makes a lot of sense for both businesses and individuals.

Who Can Use Bitcoin?

The most ideal user of Bitcoin is someone who wants to learn about decentralization, cryptocurrency, and how these new currencies work. Bitcoin is both private and secure, making it the most popular cryptocurrency in the world today. Many industries are beginning to realize the benefits and potential of Bitcoin to transform their businesses.

It’s also a great way to store your money safely outside of a bank. You can access your digital wallet from your smartphone anywhere in the world. With small fees and few regulations, Bitcoin is simple and cost-effective.

One of the only downsides to using Bitcoin or any cryptocurrency is the lack of insurance for your digital wallet. Unlike a traditional bank backed by the FDIC, your cryptocurrency wallets are impossible to recover if lost. Your Bitcoin wallet should always be secure, protected, and monitored closely.

Pros and Cons

Bitcoin logo

Listed below are many of the pros and cons of using Bitcoin:

Pros
  • It’s the first ever cryptocurrency in the world allowing you to store your assets digitally
  • It is popular all over the world and continues to grow
  • It is well-known
  • The longevity and stability it offers is far better than any other cryptocurrency
  • It is available to buy, sell, or trade on almost all exchanges
  • It’s easy to purchase in large or small amounts
Cons
  • It comes with the same inherent risks as buying all other cryptocurrencies
  • The value can fluctuate dramatically in a short amount of time

Is Bitcoin a Good Investment?

Predicting any investment’s future can be difficult to do and is often impossible. Charts and graphs are available in many places to analyze the history of Bitcoin and other cryptocurrencies in an effort to figure out what might happen tomorrow, next week, or a year from now. But that doesn’t make it a poor investment strategy.

Because Bitcoin is ten years old now, it is secure in its position. The value can change dramatically from day to day, but it’s a well-known cryptocurrency and unlikely to go anywhere anytime soon.

Consider the following tips if you want to know whether Bitcoin is a good investment option for you:

  • No other cryptocurrency is as popular
  • All other cryptocurrency values are benchmarked against Bitcoin
  • It offers less of a risk than any other cryptocurrency on the market
  • It is available on almost all cryptocurrency exchanges
  • Its future has great potential as a store of value
  • The adoption efforts of Bitcoin are far more advanced than others

There will always be risks associated with any investment, and cryptocurrency is no different. But it’s not likely that Bitcoin will be going away soon because of its popularity and long-seated position at the top. If you want to learn more about cryptocurrency analytics or the market, visit CoinMarketCap or Trading View.

 

  • 📈 Trade: BTC, ETH, XRP, LTC, BCH & IOTA
  • 💰 Deposit Methods: Credit/DebitCard, PayPal, Skrill, Bank Transfer
  • ✅ Regulated
  • ✅ Plus500 is a CFD Broker Which Means No Need To Setup Crypto Wallets
  • 🎧 Support: 24/7 Live Chat & Email
  • ✅ Mobile App For iOS & Android

  • 📈 Trade: Bitcoin
  • 💰 Deposit Methods: Over 300 Including PayPal, Gift Cards & More
  • ❌ Regulated
  • ❌ No Need To Setup Crypto Wallet
  • 🎧 Support: Livechat & Email
  • ❌ Mobile App For iOS & Android

 

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Further Reading At TotalCrypto.io
1) Having A Few Small Issues Getting Used To Plus500? Find Out The Answers To Your Questions In Our Plus500 Walkthrough.

2) Want To Read More About Bitcoin? Just Jump Into Our Bitcoin Guide & Bush Up On Your Knowledge.

3)  Wanna Trade Bitcoin But Don’t Have All Day To Sit In Front Of A Computer? Learn Why Scalping Could Be The Crypto Trading Strategy For You.

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DISCLAIMER: Be aware that the activity of cryptoassets mentioned in this article is unregulated. This article must not be construed as investment advice. Always do your own research.

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