Home Finance Best Exchanges in Ireland To Buy Bitcoin and Ethereum in 2021

Best Exchanges in Ireland To Buy Bitcoin and Ethereum in 2021

Source: cnbc.com

The cryptocurrency market made a comeback in 2020 and it keeps on pushing in 2021. At the time of writing, Bitcoin just passed the $60,000 mark. That is an incredible milestone and a sign that this market will keep on growing. It is apparent that cryptocurrency is going to be a part of the future. In fact, it will be the future which is why it is vital to becoming a part of it as soon as possible. But, if you are in Ireland, you will need to find the right place to buy Bitcoin and Ethereum.

Why it is so complicated to buy cryptocurrency? Well, it is a problem in many countries mostly because the whole idea is still unregulated by law. It is something completely new which is why it is in some gray area.

Because of this, a lot of cryptocurrency exchange websites try to avoid countries that still have not regulated these coins. By doing this, they avoid any kind of legal responsibility which is a good idea.

However, if you are in Ireland and having trouble finding the right place to buy bitcoin or Ethereum in 2021, that does not mean that you should give up because there are several great exchange sites where you can do this. Here are some of them.

1. Coinbase

Source: forbes.com

This website is probably the most popular and the biggest exchange website for cryptocurrency in the world. Yes, there are a few alternatives that are just as big, but if you are in Ireland, this is a great choice.

The first good thing is that you can deposit money from any kind of credit or debit card. You can even use PayPal if you want. This is an advantage because a lot of these exchange sites do not allow you to use any kind of card or even PayPal. So, it is something to keep in mind.

Although different payment methods have different fees. Make sure you check out the fees before you decide to deposit money. The fees can go as high as 3.75%. That is a lot of money, especially if you are depositing frequently or large sums.

Another great thing is the fact several different cryptocurrencies are available for purchase. Although, it is best to start with either Bitcoin, Litecoin, or Ethereum and then you can start trading with other coins.

2. CEX.IO

Source: masterthecrypto.com

This is another great option if you are located in Ireland.

To buy from this exchange platform, you can either use the website or you can download the CEX.IO application which is even better than the site itself. It is much more intuitive to use and you can trade on it. Yes, you cannot trade on the website. To trade while you are on a computer, you will have to download the dedicated application.

To buy Bitcoin or Ethereum, you can easily add any kind of credit or debit card easily. However, before you can make the purchase, you will have to verify your account which can take a few hours.

To verify your account, you will have to take a picture of your ID card to prove your home location.

According to CEX.IO, there is also 24/7 customer support which is always great to hear. Although it is possible that their customer support is a bit slower now considering the state of the market.

If you want to know more about this platform, the pros, and cons, you can click here and see exactly what it has to offer. And see why you should pick this choice over the others.

3. Binance

Source: medium.datadriveninvestor.com

Binance is a bit younger than CEX.IO and Coinbase, but that does not make this platform any worse. It is actually quite good and there are minimal disadvantages.

The single best benefit of using this exchange platform is the fact that there are a lot of cryptocurrencies available for trade. At the time of writing, there are more than 150 cryptocurrencies available for trading. Believe it or not, but it may be the platform with the largest variety of coins available for trade. That is quite an impressive feat.

What makes Binance even better is that you can directly buy a huge variety of cryptocurrencies. You can buy BNB, BTC, ETH, XRP, BUSD, USDT, ETH, DOGE, LINK, CAKE, and many others.

Once you make the purchase and you acquire the coins, you can quickly trade them for any other cryptocurrency.

Keep in mind, if you want to cut down on fees, it is best to withdraw, deposit, and trade with Binance Coin (BNB).

If you are in Ireland, you should definitely consider using Binance.

4. Coinmama

Source: techwalls.com

Coinmama is a platform that is accessible from almost any country, so if you are in Ireland, you will not have any issues with this website.

It is pretty easy to use, it is fast and responsive, and has a trustworthy reputation. Remember, reputation in a cryptocurrency world is very important. You have to be very careful because you can get scanned out of your money very easily.

The only disadvantage is the fact that the fees can sometimes get high, especially if you are buying in high volume. But, the deposit and withdrawal limits are also very high which is something that needs to be appreciated.

5. eToro

Source: coindoo.com

eToro is another trading platform that supports a huge number of countries, including Ireland.

On this platform, you can easily buy Bitcoin, Litecoin, or Ethereum with a bank transfer or through PayPal. There are also other payment methods if needed.

Like most of the other trading platforms I mentioned, it is easy to use and has a very positive reputation.

Although I do not like the fact that you cannot directly deposit cryptocurrency on your profile. You can only buy coins with fiat money.

As you can see, there are a lot of exchange sites that you can use in Ireland. On each of these five trading platforms I mentioned above, you can easily buy Bitcoin or Ethereum in 2021.

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