Best Crypto Exchanges In Ireland – Top 8 Exchanges

Being a new trader, you might ask, “what is the best crypto exchange in Ireland?” Well, when it comes to the ‘best,’ there’s no one exchange that fits the needs of all the users. Since every trader or investor has different requirements, everybody has a different approach to cryptos.

If you are a fresher in crypto trading and investing, the hundreds of exchanges marketing themselves as the best will overwhelm you. In reality, the list is limited, and there are very few exchanges with reliable trading experience.

Whether you just want to invest or become a seasoned trader in a few years, you’ll need the best crypto app in Ireland to get started. 

This article walks you through some of Ireland’s most reliable crypto exchanges. In addition, it gives you an idea of the different factors to consider when you’re on your hunt. So, let’s get started!

Top Crypto Exchanges In Ireland

• eToro
• CoinBase
• Binance
• Bitpanda
• Kraken
• Bitvavo
• Safello
• CoinCorner

eToro

eToro was built for those investors and traders who prefer not to keep their keys with them. It allows users to access their crypto with just a few clicks; no bank account login is required. eToro also provides an escrow service to keep users’ funds safe, encrypting them at rest and in transit until they withdraw them.

eToro plans to offer a selection of over 100 cryptocurrencies, besides fiat currency pairs. eToro seeks to offer investors all the benefits of the traditional stock and bond markets, with the additional promise of security, liquidity, and accessibility not available in conventional financial markets.

As a result, eToro removes much of the complexity and inefficiency of the more traditional markets and provides a platform more conducive to long-term investing. eToro charges a 1% trading fee for each trade which they call their “gas fee”, and currently offers deposit methods such as Cash, Credit Card, Debit Card, and e-Wallets.

CoinBase

Coinbase is a consumer-facing digital wallet that provides people with a way to store their digital assets and send them securely. Coinbase is one of the most popular cryptocurrency exchanges in the United States, providing a platform for people to buy and sell digital assets. The platform is best known for its user-friendly interface and strict Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) standards.

Coinbase offers one of the most feature-packed services in the crypto industry. The platform provides easy-to-use APIs for developers and consumers and a simple user interface on its primary site that helps users navigate the platform without getting lost or confused.

Coinbase is the most well-known cryptocurrency exchange in Ireland, allowing users to buy cryptocurrency using traditional bank transfers and credit cards.

Most users’ trading on the platform is free, with low-volume traders getting charged 0.25% of their trades. They charge most users a flat fee of 1% of their trades. This makes CoinBase one of the most cost-effective platforms for traders, with the lowest exchange fees in Ireland.

Binance

Binance is an excellent platform for traders and investors to buy and sell cryptocurrencies. It has minimal fees, which makes it attractive to beginners, while its trading volume shows that it is not just for beginners.

A couple of factors make Binance different from other crypto exchanges in Ireland. First, Binance is a relatively old exchange and only targets two cryptocurrencies: cryptocurrencies like Bitcoin and Litecoin.

Second, we know Binance has low fees, which makes it appealing to traders looking to minimize their trading fees. Third, Binance has one of the best teams in the space, with many core developers and experts in crypto mining.

Binance’s trading fee is one of the best in the market. Binance charges a flat 0.1% fee on all trades. The exchange has discounted fees for customers with larger wallets.

The exchange offers many deposit options for customers in Ireland, including bank transfers, credit cards, and debit cards. Currently, users can only fund their Binance accounts using fiat currency. However, the exchange is working on offering users the option to fund their accounts using cryptocurrencies like Bitcoin and Litecoin.

BitPanda

Bitpanda is a peer-to-peer cryptocurrency exchange and handles the daily operations of over $2.9 billion in cryptocurrency, including Bitcoin, Ethereum, and Litecoin. Bitpanda is great for users in Europe as it has a very useful payment option that users in other countries don’t have access to.

Bitpanda supports trading in over 30 cryptocurrencies, including traditional currencies such as Bitcoin and Ethereum and digital currencies such as Litecoin and Ripple. In addition to the cryptocurrencies on offer, Bitpanda offers Margin Trading, Margin Lending, and stablecoins.

Bitpanda comes with an extensive set of features and has many customer-facing benefits. It also provides a wide range of payment options, including credit cards, debit cards, and cryptocurrency. They have a substantial track record with security and stability. And trading fees can be as low as 0.5% for cryptocurrencies.

Kraken

When talking of the best crypto platforms in Ireland, you can’t miss out on Kraken! The platform has earned its place as one of the top crypto exchanges in the world by providing simple trading tools focusing strongly on security, reliability, and transparency.

Active traders who specialize in trading in cryptocurrencies have mainly used Kraken. However, the platform also has a large volume of retail investors.

Kraken is a very advanced cryptocurrency exchange, well-known for its 24/7 live support. The user-friendliness of Kraken is also noteworthy and is one of the salient features that set it apart from other exchanges. In addition, the license, privacy, and anti-fraud policies of Kraken are also more helpful than those of other exchanges.

Kraken offers advanced features for users, including reliable withdrawal processing, various payment methods, and fast exchange cycles.

The trading fee users pay to Kraken is very low, which means the platform is not a high-risk place to trade. The trading fee is between 0% and 0.26%. SEPA deposits are free of cost, and wire transfers would take €10. On the other hand, buying cryptos using a debit card can be very expensive, 3.75% of the amount and €0.25.

Bitvavo

Bitvavo is an open-source exchange and wallet, allowing users to store and exchange Bitcoin and other cryptocurrencies.

The Bitvavo network is run by developers, who are not paid by the exchange but by the community. A team of developers who have powerful knowledge of the Bitcoin ecosystem has created Bitvavo. It is a unique tool built to simplify setting up, trading, and using cryptocurrency.

Bitvavo is a safe, private, secure exchange with an easy user interface. You can also use it to buy and sell cryptocurrency with your credit or debit card. In addition, Bitvavo is a secure and private exchange that does not require a third-party administrator. As a result, Bitvavo is a profitable exchange for investors.

Bitvavo offers a trading fee of 0.25% for all cryptocurrency trades. This is a low fee but compared to other exchanges; it makes Bitvavo significantly more attractive, especially for high-volume traders. Bitvavo customers can use many deposit/withdrawal options, including bank transfer, SEPA direct debit, and PayPal. There are no fees for depositing or withdrawing funds.

Safello

Safello is a company that focuses on providing online crypto trading solutions. It provides exchange services and tools and has a user base of over 300,000. Safello is perfect for both newbie investors and experienced traders alike. You can exchange your crypto for fiat money or other digital assets on Safello.

Safello is a trading platform for cryptocurrency traders to be the best and most secure trading platform for crypto. It’s also safe and fair because a small number of people have access to the platform and they can trade without a broker.

Safello also has a blockchain or digital ledger that keeps all the data from the exchange and holds users accountable for their trades. Safello uses a variety of different methods for account funding, including bank transfers, credit cards, and cryptocurrency.

With a Safello trading fee, traders everywhere can enjoy a no trading cost without sacrificing other important qualities.

CoinCorner

CoinCorner was initially seen as an entry-level platform for new users but has slowly evolved to offer more. It currently takes payments in Euro, Tether, US Dollars, GBP, Canadian Dollars, and Japanese Yen.

CoinCorner is a digital currency exchange headquartered in Ireland that allows users to exchange crypto-to-crypto pairs. Besides, users can also tap into a crypto-to-fiat gateway with cross-border payment capability, allowing users to make a new way to send money across borders instantaneously.

They take the platform’s safety seriously, and the platform has developed multiple layers of security to ensure that users are fully protected. CoinCorner has been a trusted partner and has never been hacked.

CoinCorner stores both your coins and private keys. It is the easiest way to store and access your crypto without the hassle of keeping a physical wallet. In terms of the fee charges, the platform attracts a flat trading fee on cryptocurrencies traded under £300 and a fee of 1% for trades over £300.

The various methods to make payment to CoinCorner are using a credit/debit card, bank transfer, or Neteller.

To help you better grasp better, here’s a thorough chart comparison:

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How to Choose the Best Cryptocurrency Exchange for You

No matter the slew of exchanges you have in hand, deciding on the best crypto exchange in Ireland can be tricky! Every investor or trader is unique, and so is their requirement from their ideal platforms. 

Therefore, to help you settle with something outside our list mentioned above, we’ve accumulated some factors worth considering. Let’s check out this list of considerations to help you determine the best crypto app in Ireland:

Regulation

When looking for the ideal crypto exchange, you can’t simply overlook the regulations! These regulators act as insurers, adding to the claims made by several exchanges. Besides, when you have an account with a regulated exchange, you’re better able to secure your funds. 

For instance:

eToro is backed by regulators including FCA, SEC, CySEC, and ASIC.

A license from FinCEN backs Kraken.

Coinbase complies with SEC requirements to ensure safe trading.

Similarly, no matter which crypto trading platform you decide to sign up with, ensure that there’s some board that regulates them, preferably CBI. Regulated crypto trading platforms give you peace of mind and ensure that your money is in the right place!

Tradable Cryptos

You can’t simply sign up with a platform limiting you to BTC or ETH, among other selective crypto projects. Therefore, when investing in cryptos, you need to ensure that your registered exchange gives you all the opportunity to diversify your folio among big and small crypto projects. 

Therefore, before signing up with any crypto platform, ensure that you’ve curated your own list of projects you want to invest in. Once done, it only becomes easier to find the best crypto exchange in Ireland.

Sign Up Offers

Thanks to the competition, you can be at the receiving edge of things as a crypto user. Today, exchanges are known to provide users with many referral bonuses and sign-up offers.

For instance:

Users of the eToro platform can earn a promotional bonus if they’re successfully recommending the application to their friends. 

Similarly, Binance also offers you $100 when signing up with their platform. 

All of these features make trading fun and easier. Therefore, it is always a wise move to watch out for such schemes and offers. 

Fees

Being new in the industry, we bet you’d want to know the fee structure your selected crypto exchange platform offers! Given their different types, crypto exchanges come with different fee structures. For example, some of these exchanges won’t charge you for your transactions but will deduct withdrawal fees. 

Similarly, some exchanges charge a minimum deposit and maintenance fee to your account. Therefore, before you decide to settle with any one of these platforms, it is always a wise move to have a detailed look at the different fee structures. 

Pro Tip: Don’t settle with exchanges with minimum transaction fees but choose platforms with a low overall fee structure. 

Tools & Features

You might not need these tools and features as a new user! However, the chances are that you might need access to advanced tools and features as you move ahead in your trading journey. This is where you might want to cross-check with your crypto exchange. 

For instance, if you want a more technical approach to anticipating market movements, look for a platform that includes charts and indicators. Alternatively, you could choose to trade digital assets by practicing your strategies over live demo accounts. 

Therefore, ensure that your platform has all the necessary tools that you might require in your journey ahead!

Payment Methods

The best crypto exchange in Ireland will allow users to make deposits using several payment methods. However, since you can’t simply stick with only one method of funding your crypto wallets, try looking for an exchange that evolves with new and better payment modes.

List Of Crypto Financial Services In Ireland

Have you ever wondered how you’d re-invest your crypto earnings? 

Although numerous companies have started accepting cryptos as a legal tender, the options are still limited in Ireland! 

Therefore, to help you better, here are a few financial services that you can avail yourself of using your crypto in Ireland. 

Fin services – retirement planning

Almost all consumer retirement groups consider cryptocurrency too volatile to include in a person’s retirement planning. On the other hand, cryptocurrencies are provided as the foundation for a retirement portfolio by well-known financial institutions. As you could imagine, the fees are also significant with such substantial potential gains and fluctuations, and you should make sure you understand them.

Fin services – banking

Thanks to the immense success of cryptos, a major US financial institution is preparing to offer crypto custody services from Dublin. On the other hand, financial institutions often advise investors to beware of their investments due to the market’s volatile conditions. Custody of crypto assets by traditional banks is becoming more common in some jurisdictions, but not in all. Account users can use custodial services to manage a range of crypto assets.

Fin Services – DeFi

There are differences when you compare DeFi and Blockchain. Interestingly, both are also common in many nations. Being a crypto investor in the country, you can now expect officials to accept cryptos. The Irish government also promoted some benefits of Blockchain technology in their latest Blockchain week. However, DeFi continues to be off the table.

Are Crypto Exchanges Legal in Ireland?

Yes, you can trade or invest cryptos legally in Ireland. The country is supported by a forward-looking government that supports new technologies and looks forward to incorporating Blockchain technology in its financial sectors. 

However, being a crypto trader or investor, you need to align with the guidance updated by the Central Bank of Ireland. The body is responsible for regulating the financial services industry. However, it should be noted that money laundering laws and EU directives bear strongly on the trading and investments of cryptos.

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Taxes Concerning Cryptos In Ireland

Similar to the United Kingdom and other countries, there are no taxes on owning or buying cryptos in Ireland. However, you will be subjected to income tax only once you sell or trade crypto assets for a profit. 

The Ireland government taxes profits from BTC and other cryptos at 33%. On the other hand, cryptos are free from VAT.

Since many established crypto exchanges are headquartered outside of Ireland, thus transferring crypto assets between different wallets may subject the transaction to stamp duty. This depends on various things, which you should discuss with a professional first.

Besides, here are a few regulations that you’d want to know:

Crypto Regulations In The Country

Security

Whether you’re a novice or a seasoned trader, it pays to do your homework and only deal with renowned crypto exchanges that offer insurance to protect your money. If an exchange has several protection measures and long-standing insurance in place, it will be easier to recover cash in the case of unanticipated situations.

In case your crypto assets are stolen, you may be entitled to claim a loss, but only if they were tax-eligible at the time they were stolen. You’ll have to prove that they were stolen, not simply misplaced or lost, while also proving that they were cryptos to trade.

Transparency

Almost all major exchanges need authentication and identification. Adding to it, you’ll also have to keep detailed records of your transactions to register taxes. Though most exchanges may provide you with these transaction records as part of their service, ensure that you stand on the safer side. 

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