Coinbase Digital Currency Exchange
- Buy Bitcoin and 40+ leading cryptocurrencies with this beginner friendly exchange
- Deposit EUR using card, SEPA or PayPal
- Stake cryptocurrency to earn interest on your holdings
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Best cryptocurrency exchanges in Ireland
Find the best cryptocurrency exchange for beginners, low fees and more.
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You can use a cryptocurrency exchange to buy, sell and trade cryptocurrencies in Ireland such as Bitcoin (BTC) and Ether (ETH). We’ve compared some popular exchanges by different categories to make it easier to find your best cryptocurrency exchange.
What's in this guide?
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Compare cryptocurrency exchanges in Ireland
Use our table to quickly compare cryptocurrency exchange fees, fiat currencies, deposit methods and more. Once you’ve found the right fit for you, click Go to site to get started.
Is it safe to store your cryptocurrency on an exchange?
Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired, while others will require you to have your own wallet at the time of purchase.
However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don’t have complete control of your funds. Exchanges are also regularly, and sometimes successfully, targeted by hackers so storing cryptocurrency on an exchange can be very risky in the long-term.
How to choose a cryptocurrency exchange
It’s important to research a wide range of platforms and compare the pros and cons of each option. The best cryptocurrency exchange for you depends on what you’re looking for.
Consider the following factors when comparing cryptocurrency exchanges available in Ireland.
How to use a cryptocurrency exchange
Buying cryptocurrency with fiat currency
For the sake of our example, let’s assume that you have €500 that you want to use to buy Bitcoin.
- Compare cryptocurrency exchanges to find one that offers the right service for you.
- Register for an account on the platform, including providing any personal details and proof of ID required.
- Navigate your way to the “Buy” screen.
- Select Bitcoin as the cryptocurrency you want to buy.
- Select your payment currency, which in this case is EUR, and specify the amount you want to spend as €500.
- Select your payment method, such as a credit card payment or bank transfer.
- Enter your payment details, such as your account and sort code if sending a bank transfer or your card number and CVV if paying by debit card.
- Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
- If you’re happy to proceed, click “Buy BTC.”
- Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address nominated by you.
Buying cryptocurrency with another digital currency
In this scenario, let’s assume that you have 1 BTC that you want to exchange for ETH. Here’s what you need to do if placing a trade on a centralised crypto exchange:
- Compare cryptocurrency trading platforms to find one that offers the right service for you.
- Register for an account on the platform, including providing any personal details and proof of ID required.
- Log into your account and find the BTC wallet address for your account.
- Use this address to transfer the 1 BTC you want to trade from an external wallet.
- Navigate to the “Exchange” or “Trading” page.
- Search for the currency pair you want to trade, which in this case is BTC/ETH.
- In the “Buy” field, choose the type of order you want to place, such as a market order or limit order.
- Enter the details of your transaction, such as the amount of BTC you want to spend. If placing a limit order, you’ll need to specify your desired ETH price.
- Take a moment to review your transaction, including checking the exchange rate and fees that apply.
- Click on “Buy ETH.”
- Once the transaction has been processed, the ETH you have purchased will be deposited into your exchange wallet.
However, if you’re using a decentralised crypto exchange, the process is a little different. You’ll typically be required to link your wallet to your account, but you’ll then be able to trade directly from wallet to wallet, with no requirement to deposit any funds on the exchange.
Selling cryptocurrency and withdrawing your funds
If you want to sell cryptocurrency on an exchange, let’s say Bitcoin for the purposes of this example, you’ll need to follow these steps:
- Log into your account and find the BTC wallet address.
- Use this address to transfer the BTC you want to trade from an external wallet.
- Navigate to the “Exchange” or “Trading” page.
- Search for the currency pair you want to trade, for example BTC/EUR or BTC/ETH.
- In the “Sell” field, enter the details of your transaction. Depending on the platform you’re using, you may be able to sell at market rate or potentially place a limit order.
- Take a moment to review your transaction, including checking the exchange rate and fees that apply.
- Click “Sell BTC.”
- Once the transaction has been processed, the currency you have purchased will be deposited into your exchange wallet.
It’s now time to withdraw those funds from your exchange account, but the exact process you’ll need to follow depends on whether you’ve purchased crypto or fiat currency:
- If you’ve purchased fiat currency, look for the “Withdraw EUR” option from your account dashboard. Select your desired payment method, for example bank transfer or PayPal transaction, and enter all the necessary account details so your payment can be processed.
- If you’ve purchased another cryptocurrency, you’ll need to first set up a secure wallet where you can store your coins. Copy the address of this wallet, log into your exchange account and select the currency you want to transfer. Remember to double check that you’re sending the funds to the correct wallet before submitting the transaction.
How to pay for your cryptocurrency
You’ll need to deposit funds on your crypto exchange. Cryptocurrency exchanges available in Ireland accept all sorts of deposit methods, including the following:
- Credit and debit cards
- PayPal, Neteller, Skrill and other online payment services
- Cash deposits
- Bank transfers
- Prepaid cards
- Cryptocurrency transfers
- Wire transfers
The payment types accepted will vary between cryptocurrency exchanges though, so it’s worth checking to ensure your preferred payment method is supported before signing up.
The different types of cryptocurrency exchanges
The term “exchange” can be used to refer to a variety of crypto trading platforms:
Brokers
- Best for: Crypto novices in Ireland, those looking for a quick and easy way to buy cryptocurrency
- The downsides: Costs more than other options; may not offer as wide a selection of cryptocurrencies
Cryptocurrency brokers often offer the simplest and most convenient way to buy cryptocurrency. Buying Bitcoin or any altcoin from a broker is like purchasing from a cryptocurrency shop the broker buys digital coins or tokens at wholesale rates, adds their own margin on top and then sells the currency on to you.
Brokers offer a quick and straightforward entry into the world of cryptocurrency. Their platforms are designed to be easy to use and you can pay for your crypto purchase with your everyday fiat currency, often even by using a credit or debit card.
The main downside of using a broker is the cost, as you’ll not only need to buy your crypto at a price above the market rate but also pay transaction fees.
Trading platforms
- Best for: Buying and selling a wide range of currencies; lower fees
- The downsides: Intimidating for new users and it may not be possible to directly exchange the currencies you want
Cryptocurrency trading platforms are the most widely used platforms for buying and selling digital currency. They connect crypto buyers with crypto sellers and take a fee for facilitating each transaction. You can use these platforms to exchange cryptos at the current market rate or at a specified limit, while some sites also offer more advanced features like stop-loss orders.
Crypto trading platforms available in Ireland tend to provide access to a more diverse range of currencies than brokers, and often feature charting tools to help you plan your trades. These platforms also tend to offer lower fees and better exchange rates when compared with brokers.
However, it’s not possible to directly exchange one crypto for any other digital currency you want – you’re limited to the trading pairs supported by your chosen platform. Bitcoin and Ether are the most commonly traded currencies and feature in pairs alongside a wide range of altcoins. Cryptocurrency trading platforms can also be intimidating and confusing for new users in Ireland.
Peer-to-peer exchanges
- Best for: Anonymity, giving you more control over how you trade
- The downsides: Prices usually higher than market rates; a certain level of risk involved
These platforms allow direct peer-to-peer trading between people all around the world. The exchange acts as the middleman, with the seller able to set their own price and accepted payment methods.
The main advantage of peer-to-peer exchanges is that they let you quickly and anonymously buy or sell coins with almost any kind of trade or payment method you want. The downside is that you’ll often pay above market prices, and it can also be riskier than other options.
To help offset the risks, some platforms have built-in escrow features and reputation systems to identify reliable and legitimate buyers and sellers.
Next steps
Not all cryptocurrency exchanges are created equal, and not all crypto buyers and sellers have the same trading needs. The best exchange for one person might not necessarily be the right choice for someone else, so it’s essential that you do your own research.
Check out our reviews on a range of leading cryptocurrency exchanges around the world. Compare the features, fees and pros and cons of each exchange and consider how they align with your trading requirements.
Back to topFrequently asked questions
Does every exchange list every possible cryptocurrency?
No. The list of currencies available varies widely from one cryptocurrency exchange to the next. Some platforms in Ireland only support a select few currencies while others support hundreds, but there’s no guarantee that all the cryptos you want to buy and sell will be available on any one platform.
How do I avoid scams on cryptocurrency exchanges?
While regulators are gradually implementing laws and guidelines to help protect consumers against fraud, there are still plenty of dodgy exchange operators out there. Falling victim to theft is a major concern for any crypto buyer.
What if I want to place large-volume crypto trades, for example, trades worth €50,000 or more?
You may want to consider using the services of an over-the-counter (OTC) broker in order to avoid slippage. Check out our guide to OTC services for more details.
Where can I find a list of the world’s biggest crypto exchanges?
You can view 24-hour trading volume for cryptocurrency exchanges on sites like CoinMarketCap.
Why do some crypto exchanges ask me to verify my identity?
Cryptocurrency exchanges in several countries are subject to anti-money laundering and counter-terrorism financing (AML/CTF) regulations. In order to comply with these regulations, exchange operators must gather certain details about their customers which is why you may be asked to provide proof of ID. This process is typically referred to as know your customer or KYC.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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