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Best crypto exchanges in Ireland

Find the best crypto exchange or platform for low fees, beginners, trading features and more.

Check out how we chose these products.Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Each year, we conduct an extensive review of the crypto exchanges and trading platforms available in Ireland. To arrive at these picks, we evaluated more than 25 platforms on user experience, fees, payment methods, selection of coins and more.

When deciding on the best crypto trading platform for your needs, think about what you plan on using it for. It’s quite common to use multiple exchanges to benefit from their different areas of specialty, like using one for its range of coins and another for access to NFTs or crypto savings accounts.

Finder’s best crypto exchanges in Ireland for 2022

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.

1. eToro

eToro Cryptocurrency Trading

74
Cryptocurrencies
19
Fiat Currencies

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro is a champion when it comes to innovative trading, which is why it won Finder's 2022 award for Best Global Broker - Crypto Trading. It pioneered the concept of copy trading back in 2010. Since then, the platform has expanded to include a range of social features, with a Facebook-style news feed that lets you engage directly with other traders.

eToro's copy trading feature allows you to view and mirror trades made by experienced investors. Getting started is easy – simply choose a trader you want to copy and then set your account to follow their trading moves.

With a minimum of US$200, you can automatically repeat trades from some of eToro's top-performing crypto traders. There is no additional fee charged for this service.

Beyond copy trading, eToro provides a comprehensive social experience, making it just as much a social media platform as a broker. Traders can discuss their moves, speculate on prices and share important news.

  • Unique features like copy trading
  • Trade European and international stocks
  • Insurance fund
  • Tiered membership options for advanced traders
  • Picking the right trader to copy can be difficult
  • Non-US customers pay extra exchange fees
  • Higher spreads than other exchanges
Deposit Methods Bank transfer
Debit card
Neteller
PayPal
Online banking
Skrill
Deposit Fees Fees vary (conversion fees for non-USD deposits)
(US$50 minimum deposit)
Withdrawal Fees US$5 (minimum withdrawal of US$50)
Trading Fees Fees vary. Overnight and weekend fees apply

2. Kraken

Kraken Cryptocurrency Exchange

195
Cryptocurrencies
7
Fiat Currencies

Kraken is one of the longest-running platforms in the industry and has maintained its legacy by constantly improving its services. It's a feature-rich exchange with a strong emphasis on education, which is why it won Finder's Crypto Trading Platform award for best global crypto exchange. You can start building a cryptocurrency portfolio today from 170+ supported coins.

Kraken is popular with over 9 million users and exceeds a daily trading volume of US$500 million, which makes it one of the world's largest exchanges. But for overall features and trading tools, Kraken really blows everyone out of the water. It is clearly made for traders, but it doesn't leave novices behind either.

Kraken has a broad range of staking options and advanced trading features. It prides itself on offering low spreads and providing deep liquidity across markets. This means that you don't need to worry as much about slippage.

While new traders may feel daunted by the exchange at first, the large variety of guides Kraken offers can help anyone become knowledgeable about cryptocurrency, its underlying technology and the different forms of trading. Meanwhile, more experienced traders will appreciate its high-quality system and easy-to-use UI (user interface) as well as be pleasantly surprised by how straightforward it is to trade, move crypto and manage assets.

  • 170 supported coins
  • Launched in 2013: one of the longest-running crypto exchanges
  • Low fees for active traders
  • Earn yield through staking
  • High-quality educational guides and tools
  • Higher fees for credit card purchases
  • No crypto debit card available for spending, unlike some alternatives
Deposit Methods Bank transfer
Cryptocurrency
Wire transfer
Osko
SEPA
Apple Pay
Google Pay
SWIFT
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Trading Fees Maker: 0.00-0.16%
Taker: 0.10-0.26%

3. Bitpanda

Bitpanda Cryptocurrency Exchange

82
Cryptocurrencies
4
Fiat Currencies

Bitpanda is slowly building an upstanding reputation as a major cryptocurrency exchange in Europe. While it's primarily a trading platform for buying and selling crypto, it also offers a suite of extra features. Customers can invest in stocks, ETFs and commodities as well, making it a solid all-in-one investment option.

Bitpanda's approach is to help you build a diversified portfolio using its services. Its unique Crypto Index feature, which allows users to auto-invest in a predefined portfolio of leading cryptocurrencies by market size and liquidity, is a good example. For those just getting to grips with cryptocurrencies, it will automatically adjust the weighting in your portfolio over time.

Beyond its platform features, Bitpanda has a straightforward fee structure and provides industry-standard asset security, making it a solid trading option for Irish users.

  • Buy crypto, stocks and ETFs and more from within the same app
  • Auto invest feature lets you 'set and forget' recurring trades
  • Mulitple payment options on offer
  • Native BEST token unlocks better fees and other rewards
  • Use the Bitpanda Visa card to spend crypto on-the-go
  • Fees already included which distorts price
  • No live chat customer support
Deposit Methods Cash
Credit card
Cryptocurrency
Neteller
Bank transfer (SEPA)
SOFORT
Deposit Fees None
Withdrawal Fees Cryptocurrencies: Fees vary
Trading Fees Fees vary

4. Binance

Binance Cryptocurrency Exchange

370
Cryptocurrencies
34
Fiat Currencies

Binance is a feature-rich exchange with competitive fees and a huge range of supported cryptocurrencies. You can start building a cryptocurrency portfolio today with over 300 coins available to buy with euros.
Binance is by far the world's most popular exchange with around 30 million registered users and more trading volume than any competitor.

Binance also has a broad range of earning opportunities with staking, savings accounts and yield farming available for over 100 coins. It's also home to an NFT marketplace.
More experienced traders will enjoy the platform's suite of advanced trading options, including several order types, automated trades and charting options.

In 2020 Binance released its own blockchain, Binance Smart Chain (BSC). BNB is the native coin of BSC and offers Binance users a number of benefits. In particular, using BNB to pay for trading fees results in a 25% discount.

Several of BSC's features have now been added to the Binance exchange. Users can access decentralised finance (DeFi) services from within the platform, preventing the need to learn how to use a blockchain or a Web3 wallet.

  • Comparatively low fees
  • Free and instant deposit and withdrawal methods for EUR
  • Huge range of supported cryptocurrencies
  • Comprehensive earning features
  • US$1 billion insurance fund
  • Smartphone app offers Lite mode for beginners
  • Website can be overwhelming for beginners
  • Poor customer service score on Trustpilot
  • Ongoing regulatory issues in China, the UK and Japan
Deposit Methods Bank transfer (ACH)
Deposit Fees None
Withdrawal Fees Fees vary
Trading Fees 0-0.1%

5. Bitvavo

Bitvavo

Bitvavo

181
Cryptocurrencies
1
Fiat Currency

Bitvavo has built itself into one of Europe's leading digital asset exchanges. It started as a crypto broker, but now allows users across Europe to buy and trade over 175 cryptocurrencies.

A standout feature of Bitvavo is its straightforward and competitive trading fee structure. Customers can also choose from several popular ways to pay, including direct euro transfers.

As a combination of a broker and an exchange platform, Bitvavo is suitable for both beginners and experienced traders alike. Its easy onboarding experience lends itself to someone just starting out and its no-frills platform keeps things simple.

For more established traders, Bitvavo provides a good number of euro and crypto trading pairs as well as staking rewards up to 10% on certain digital assets.

  • Low trading fees starting at 0.03%
  • Secure cold storage and Bitvavo Account Guarantee for asset protection
  • Dozens of euro trading pairs available
  • Staking rewards limited to a handful of assets
  • Derivatives traders will need to look elsewhere
Deposit Methods N/A
Deposit Fees N/A
Withdrawal Fees N/A
Trading Fees N/A

6. Revolut

Revolut Cryptocurrency App

21
Cryptocurrencies
18
Fiat Currencies

Revolut's digital-first approach and user-friendly app make it our choice as the best exchange for beginners. Marrying its current account services with its cryptocurrency features creates a seamless user experience for someone just starting out buying crypto.

For beginners, simplicity is key. As a Revolut customer, you can buy, hold and exchange 80 cryptocurrencies in-app within seconds. Using funds from your Revolut current account, you can start investing almost immediately.

From the app, you will be able to choose which cryptocurrencies to invest in, set up recurring buys, send crypto to other Revolut users and take advantage of performance analytics to help you understand how your portfolio is performing.

But what makes Revolut stand out are its Learn & Earn modules. This is a series of short courses designed to teach crypto basics to beginners. If you pass the quiz, you will receive a small amount of DOT coins as a reward.

If you are looking for an easy way to learn about cryptocurrency and want to try out purchasing some digital assets for yourself, then Revolut has everything you need in one place.

  • Buy crypto from within the app
  • Educational resources
  • Earn free crypto
  • Exchange fiat currencies for multiple crypto options
  • High transaction fees
  • Limited number of supported coins
Deposit Methods Bank transfer
Credit or Debit Card
Deposit Fees N/A
Withdrawal Fees N/A
Trading Fees 1.5% for Premium and Metal Plan
2.5% for Standard Plan

7. Coinbase

Coinbase Digital Currency Exchange

217
Cryptocurrencies
23
Fiat Currencies

Coinbase is a renowned global exchange known for its beginner-friendly approach to crypto. It is also one of the world's most used crypto exchanges, with more than 103 million verified users across 100+ countries and some of the largest daily trading volumes.

Coinbase's best-known product is its crypto trading platform. Customers can buy, sell or convert cryptocurrency instantly through a streamlined and simple user interface that has been designed to suit total newcomers.

It is becoming equally well-known for its Learn and Earn program which rewards users with free cryptocurrency for every learning module they successfully complete.

If you are looking for something more advanced, Coinbase's Advanced Trade (formerly Coinbase Pro) features offer lower trading frees and more trading options including limit orders and stop loss orders.

  • Beginner-friendly interface
  • Over 100 coins
  • Learn and Earn program pays out crypto rewards while you upskill
  • Use the Coinbase Visa card to spend crypto worldwide
  • Fees are high relative to using a spot market exchange
  • Customer service is often reported to be slow
  • Limited staking and earning opportunities
Deposit Methods Bank transfer (ACH)
Deposit Fees Credit/debit card: 3.99%
Bank Transfers (SEPA): None
Faster payments: None
PayPal: 2.5%
Fees vary by location and payment method.
Withdrawal Fees Bank Transfers (SEPA): €0.15
U.S Wire Transfer: $25
Fees vary by location and payment method.
Trading Fees Fees vary

8. FTX

FTX Cryptocurrency Exchange

269
Cryptocurrencies
11
Fiat Currencies

FTX is our pick for the best exchange for advanced traders because of its low trading fees, its derivative offerings and its large selection of cryptos available to trade on the site.

Founded by Sam Bankman-Fried, an ex-Wall Street trader, FTX offers derivative products like covered calls and puts for more advanced traders. As for traders looking to level up, FTX provides explainer videos on the different types of derivative and margin products that it offers to help you take an informed approach to trading.

Trading fees are structured to reward those who trade higher volumes. And even for the non-crypto whales who trade on the site, trading fees are capped at 0.2%. You can use the FTX (FTT) token to bring your fees down even further.

  • Derivative and margin trading options
  • Supports 300+ digital assets for trading
  • Low trading fees
  • High withdrawal fees
  • Derivative and margin products are high risk and not for the inexperienced
Deposit Methods Credit card
Wire transfer
Silvergate Exchange Network (SEN)
Signature SIGNET
Deposit Fees No deposit fees
Withdrawal Fees No fees on withdrawals, except for ETH, ERC-20 tokens, or Omni withdrawals
Up to 0.10% for withdrawals exceeding trading volumes
Fiat withdrawals below $10,000 in value will have a $75 fee
Trading Fees Maker: 0.00 - 0.02%
Taker: 0.04 - 0.07%

9. Crypto.com

Crypto.com App

290
Cryptocurrencies
21
Fiat Currencies

Crypto.com's mobile-first approach and user-friendly app make it a good option for beginners. It is also complemented by an online exchange for more in-depth trading.

You can download the app and simply link a credit card or bank account for a straightforward way to buy, sell and hold over 200 cryptocurrencies. You can also put your crypto to work by earning passive income through an Earn account, which pays yield on your holdings.

The online exchange is just as user-friendly and allows you to set your own price when buying or selling cryptocurrency on the spot market. If you're interested in trading crypto regularly, this could be an easy way to get started.

The platform also offers a native coin, CRO, which can be staked using Crypto.com's Visa card to cut fees and access benefits like a free Spotify premium membership.

  • Buy and sell 200+ cryptocurrencies
  • Clean, easy-to-use mobile app
  • Supports recurring purchases for a dollar-cost averaging strategy
  • Earn passive income on your cryptocurrency
  • Choose between an app or desktop trading experience
  • App fees can be a bit higher than in competitors
  • Staking CRO is required for the highest-yield rewards
  • CRO benefits were significantly reduced in 2022
  • Poorly rated customer service on Trustpilot
  • Suffered a hack in 2022
Deposit Methods Credit card
Cryptocurrency
PayPal
TransferWise
SEPA
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Trading Fees Maker: 0.04-0.20%
Taker: 0.10-0.20%

10. Bybit

Bybit Cryptocurrency Exchange

245
Cryptocurrencies
73
Fiat Currencies

Bybit is one of the world's biggest crypto trading and derivatives exchanges by volume. The Singapore-based exchange supports advanced trading types for a large number of crypto coins across a range of spot and derivatives markets. As a result, it is more suited to a seasoned crypto investor who understands leveraged trading and the additional risks that go with it.

While the exchange is known mainly for its derivatives trading feature, it also supports instant buys and has a number of crypto-earning products on offer – some of which are more complex than others.

Plus, if you are intrigued by the NFT market, Bybit's platform is a one-stop shop for minting, purchasing and bidding on NFTs as well.

  • Multiple assets offered, including cryptos and NFTs
  • Trade with up to 100x leverage
  • Low trading fees
  • Multi-sig cold storage wallets
  • Leveraged trading is high risk
  • losses can exceed deposits
  • Limited spot trading pairs
  • Derivatives trading is not suitable for beginners
Deposit Methods Cryptocurrency
Simplex
Banxa
XanPool
MoonPay
Mercuryo
E-check
Legend Trading
Capitual
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Trading Fees Fees vary

11. KuCoin

KuCoin Cryptocurrency Exchange

661
Cryptocurrencies
50
Fiat Currencies

KuCoin offers an impressive selection of up-and-coming altcoins compared to other centralised crypto exchanges, which is why it was our standout pick as the best exchange if you're looking for emerging altcoins.

Usually, to buy lesser-known altcoins, you have to purchase them through a decentralised exchange (DEX) like Uniswap or PancakeSwap, which requires you to know how to use a Web3 wallet.

With KuCoin, all you have to do is create your account and, just like that, you have access to 700+ digital assets.

Keep in mind that many of these assets are brand new, untested and much more volatile in price than assets like BTC or ETH, so proceed with caution.

  • Provides access to 700+ digital assets
  • Know Your Customer (KYC) process is not required to use the exchange
  • Offers staking
  • Low trading fees
  • Numerous poor customer service reviews
  • Many of the assets listed on KuCoin are highly volatile in price
Deposit Methods Cryptocurrency
PayPal
Wire transfer
Credit or Debit Card
SEPA
Deposit Fees None
Withdrawal Fees Fees vary
Trading Fees 0.1%

12. Paybis

Paybis Cryptocurrency Exchange

404
Cryptocurrencies
42
Fiat Currencies

Paybis aims to make buying cryptocurrency as simple as possible. It offers a fast registration process and allows users to purchase major cryptocurrencies with credit or debit card or bank transfer.

However, one of its main strengths is its 24/7 customer support services that range from an FAQ support portal to live chat with a customer support agent on the other end.

It also supports over 40 different fiat currencies from all over the world, making it ideal for experienced users who may have difficulting accessing cryptocurrency from other sites.

While previously, its biggest drawback was its lack of an in-built cryptocurrency wallet, it now has one included in its service which supports a number of major digital assets.

  • Transparent fee structure
  • Multiple payment methods on offer
  • 40+ fiat currencies supported, including euros
  • Payment fees quickly add up
  • No staking or earning options
Deposit Methods Bank transfer
Cryptocurrency
Neteller
Skrill
Credit or Debit Card
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Trading Fees Fees vary

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.

Learn more about cryptocurrency wallets

Back to top

How to choose the best crypto 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.

Compare more crypto 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.

1 - 5 of 18
Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro Cryptocurrency Trading
Bank transfer, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

74
cryptocurrencies

Disclaimer: Volatile investment product. 75% 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.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. $50 minimum deposit.
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

269
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets.
Bitpanda Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Neteller, Bank transfer (SEPA), SOFORT
EUR, GBP, CHF, USD

82
cryptocurrencies

A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

195
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Bit.com Cryptocurrency Exchange
Bit.com Cryptocurrency Exchange
Cryptocurrency
USD

29
cryptocurrencies

Bit.com is a full-suite crypto exchange, offering spot, futures, perpetual contract, options and savings. New users can enjoy up to 200% APY on savings, $245 trading coupons and earn free Bitcoin by only checking in on the mobile app daily.
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How to use a crypto 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.

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform, including providing any personal details and proof of ID required.
  3. Navigate your way to the “Buy” screen.
  4. Select Bitcoin as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is EUR, and specify the amount you want to spend as €500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. 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.
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you’re happy to proceed, click “Buy BTC.”
  10. 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:

  1. Compare cryptocurrency trading platforms to find one that offers the right service for you.
  2. Register for an account on the platform, including providing any personal details and proof of ID required.
  3. Log into your account and find the BTC wallet address for your account.
  4. Use this address to transfer the 1 BTC you want to trade from an external wallet.
  5. Navigate to the “Exchange” or “Trading” page.
  6. Search for the currency pair you want to trade, which in this case is BTC/ETH.
  7. In the “Buy” field, choose the type of order you want to place, such as a market order or limit order.
  8. 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.
  9. Take a moment to review your transaction, including checking the exchange rate and fees that apply.
  10. Click on “Buy ETH.”
  11. 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:

  1. Log into your account and find the BTC wallet address.
  2. Use this address to transfer the BTC you want to trade from an external wallet.
  3. Navigate to the “Exchange” or “Trading” page.
  4. Search for the currency pair you want to trade, for example BTC/EUR or BTC/ETH.
  5. 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.
  6. Take a moment to review your transaction, including checking the exchange rate and fees that apply.
  7. Click “Sell BTC.”
  8. 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.

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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:

  • 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.

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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.

Examples of a high volume cryptocurrency trading platform include Huobi.

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.

Examples of peer-to-peer exchanges include LocalBitcoins and Paxful.

Finder Crypto Report, 2021

Finder polled more than 42,000 people across 27 countries to reveal the countries with the highest rate of cryptocurrency ownership. Ireland ranks 16th out of the 27 countries with 15% of adults saying they own cryptocurrency.The global average for ownership is 19% with men much more likely than women to own cryptocurrency.

All the content may be republished with a link to this page

Download cryptocurrency statistics PDF

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Next steps

Not all crypto 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 in Ireland and around the world. Consider the features, fees and pros and cons of each crypto exchange and how they align with your investment goals and budget.

Frequently asked questions

Which crypto exchange is safest?

The safest exchanges have stringent security measures like Know Your Customer (KYC) registration, password protection and a 2-factor authentication (2FA) option.

Other green flags to look out for include the majority of user funds held in cold storage and a publicly available insurance policy for user deposits.

Keep in mind that all centralised cryptocurrency exchanges are vulnerable to hacking, so consider using a hardware wallet for added security.

Which crypto exchange has the lowest fees?

There are lots of fees to take into account when choosing an exchange. Exchanges like Kraken and FTX are known for having competitive transaction fees.

But, it's also important to consider deposit and withdrawal fees, possible account inactivity fees and spreads on top of this. A good place to start is by comparing fees with our table.

What is the most trustworthy crypto exchange?

Due diligence and research are incredibly important when choosing a crypto exchange you can trust.

As a good rule of thumb, look for exchanges with a long history of serving customers without hacks — like Coinbase, Kraken or Binance.

A great way to dive deeper is by reading extended reviews of each crypto exchange and researching customer feedback and industry data on platforms like Trustpilot.

A-Z list of crypto exchange reviews

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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