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Guide to crypto banks in Ireland

Discover how crypto banks work and which ones are available in Ireland.

There’s no doubt about it – banking and cryptocurrencies are edging closer into the mainstream on a global level. But what about closer to home? In this guide, we will take you through crypto banks in Ireland, how they work, whether they are secure and the benefits they offer

Compare crypto banks in Ireland

Name Product Monthly Fee Free ATM withdrawal limit Supported currencies
Wirex Standard
0 €
€400 per month


Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
Revolut Standard
0 €
€200 per month


Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and hold an array of currencies in your account.
Revolut Plus
2.99 €
€200 per month


Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
Wirex Premium
9.99 €
€400 per month, then 2% fee


Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Enjoy revolutionary digital payment features on-the-go, plus exclusive merchant deals and higher rewards when you spend on your Wirex card.

Compare up to 4 providers

What is a crypto bank?

Crypto banks are financial institutions that allow you to deposit crypto assets and use them to make everyday payments. It’s the same as using your bank account, except instead of money you are dealing with cryptocurrencies. Depending on the range of services offered, these banks may also allow crypto lending, borrowing, and investing in a wider range of instruments and markets.

Are crypto assets regulated in Ireland?

The short answer is no, crypto assets are not currently regulated in Ireland, and there are no immediate plans to do so at the time of writing (April 2021) nor in the future. While no crypto regulation exists, there’s also no ban on buying or investing in cryptocurrencies.

That said, the Central Bank of Ireland, which regulates Ireland’s financial services, has, in the past, issued warnings to consumers highlighting the risks involved including the lack of regulation, price volatility and the possibility of misleading information.

At least for now, crypto assets are set apart from fiat currency such as Euros because they and cryptocurrencies are not supported as legal tender in Ireland. This makes it even more important for you to do your research before diving into buying or investing in cryptocurrencies.

How do crypto banks work?

Crypto banks offer a way for customers to hold their digital assets and complete crypto banking processes such as depositing, saving, transferring, and more. So instead of simply storing cryptocurrencies in hot or cold wallets, you can use crypto more widely in everyday transactions.

To allow you to hold crypto in a bank account, crypto banks supplement their banking infrastructure with blockchain technology so cryptocurrencies can be used to facilitate transactions of all kinds, exchanged for goods or services and easily flow back into the market.

What are the benefits of crypto banks?

Crypto banking customers can look forward to a number of benefits, including:

  • Faster settlements. With a decentralised ledger (Bitcoin, Ethereum etc.), blockchain technology may facilitate and process faster payments at lower fees.
  • Lower fees. Based on a report from Santander InnoVentures, blockchain technology could reduce the infrastructure costs of banks by between US$15 to US$20 billion a year by 2022. Banks could then pass on these cost savings to customers with lower fees.
  • Better security. Smart contracts and the decentralised nature of blockchain eliminates any possibilities of fraud, allowing customers to benefit from transparent and more secure transactions.
  • Immutable and transparent. Investments, mortgages and other money-lending operations can be settled automatically once certain conditions are met (for example, once the bank uploads the required proper documentation). This streamlines routine tasks and could lead to significant savings, in both time and money.

Which crypto banks are available in Ireland?

Here’s a list of crypto banks available in Ireland:

  • Bitwala. Bitwala is a German-based blockchain banking service that allows users to manage everyday banking and trade cryptocurrencies in a single account.
  • Revolut. Digital bank Revolut allows you to buy, hold and trade cryptocurrencies directly in the app. You can purchase 30 cryptocurrencies through the app, with transactions starting at € 1.
  • Finoa. A German blockchain startup and regulated custodian for Digitial Assets, Finoa enables institutional investors in Ireland to hold and manage their crypto assets securely through its unique ‘warm storage’ technology.
  • Wirex. Digital banking platform Wirex allows you to convert and spend cryptocurrencies anywhere that Mastercard is accepted, with the ability to earn crypto-rewards as you spend.
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