The Easiest Ways to Buy Bitcoin in Ireland

Bitcoin has won a position of the widely accepted cryptocurrency. It has become the most expensive digital currency for now as well as the most fluctuating. Thus, it attracts traders as well as governments. Europe and the USA became the most BTC-friendly regions.

If you want to easily buy coins, Ireland is the right place. You can make this with your bank cards and transfers, e-wallets. You can also obtain them with local ATM or via exchanges. Lastly, there are always individual traders who sell the coins. The local government has no special regulations concerning virtual money. But still, you have to pay taxes when you gain profits from cryptos. You have to declare your incomes.

buying bitcoin in Ireland

Buy via ATM

Unfortunately, there is only one ATM where you can buy coins. It is located in GSMsolutions in Dublin. However, if you live there, there are several benefits of this method. First of all, the machine is directly connected with Blockchain, providing a high-security level. In addition, it converts the currency, so it is easy to count how much you want to obtain. But, the intuitive interface make it fast and convenient. Follow these steps:

  1. There is a section in front of the machine. Scan the QR code of your wallet
  2. Put money
  3. Press to buy

Your BTC will appear in a few minutes. If you have questions, you can always ask the friendly staff around.

Buy Bitcoins with Bank Cards

Obtaining BTC with bank cards was a bit complicated. However, now there are internet-based platforms where you can buy coins. The exchanges made the procedure easier and more convenient for the average user. Some of them operate globally, and some only in several regions. You have to create an account there and verify your card. Visa, MasterCard, and AMEX are your choice.

Some trading websites cannot offer the desirable security level. And they usually charge fees of 3-6% and set buying limits. $5,000 per day is an average limitation. On the other side, you can expect a little cashback while purchasing cryptocurrency. And some operators offer little bonuses.

Get Coins via E-Wallets

buy btc with fiat

You can buy coins with your electronic wallet as well. You can use Paypal, Skrill, or Neteller. The procedure is the same as in case of bank cards. You need to create an account on the exchange. Then link the digital wallet. Afterward, buy Bitcoins.

Purchasing cryptocurrency in this way is expensive due to the fees. Sometimes they can reach 10%. But, actually, the price changes from one exchange to another.

However, you can count on fingers the number of websites featuring this method. However, the most significant advantage is high buying limits and fast transactions.

Purchase with SEPA System or Bank Transfers

This way is much slower. The transaction takes from one to three days. Fees range from 4% to 6% usually. On the other hand, limits can be from hundreds to thousands. And, again, these criteria depend on the website. To make purchases you need to link your bank account to the balance on the website. Always be ready to present personal information.

Trade BTC with other Altcoins on Exchanges

While registering at the exchange, you can become a trader. Sell and buy BTC or any other cryptocurrency at the beneficial price. As the rate changes daily or even hourly, you can gain substantial incomes from the price variations. But, at the same time, you can lose a significant amount, again, because of BTC volatility.

Brokers

Brokers are the third parties who enable cooperation between cryptocurrency buyers and sellers. They set up fixed prices, thus making the trade more stable. In addition, you are to receive a small bonus of 5-10% to your account while registering and making the first deposit. Moreover, the services accept multiple banking options. It is a good way to obtain a small amount of BTC for the newbie.

Open Trading Exchanges

buy btc on exchangeExchanges usually do not set fixed prices on cryptocurrency. Thus, you can wait for the crypto to rise or fall. Besides BTC you can also trade with other digital cash such as Ethereum, Dash, Litecoin, etc.

The platforms charge fees. In some rare cases, they reach insane 11%. But, usually, you will be charged with 1-5%. Keep in mind that some websites do not allow trading.

Peer-to-Peer Trading

P2P works differently. It is not a usual exchange. Peer-to-peer trading means sellers set up their own prices. The website only charges a small fee for the transactions. Trading with a certain person has its pros and cons. You may find the guy matching your interests and financial opportunities perfectly.

The customers usually accept the payment options on their own, as well. Thus, you can always negotiate. On the other hand, you can lose money regardless of the security systems. Your partner may simply steal your money, sending back nothing.

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