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Best Crypto Trading Platforms In Ireland

Looking for the best crypto trading platforms in Ireland for low fees and supported crypto classes?

In this guide, we will review some of the best crypto trading platforms in Ireland for a range of markets. We will examine each crypto platform in detail and their features and offerings. This includes cryptocurrencies available, payment modes supported, regulations, and security, and discusses each platform’s strengths and weaknesses.

Read on to select an Irish crypto trading platforms in 2024.

Best Crypto Trading Platforms in Ireland: Overview

Now that we have gone over the basics of cryptocurrencies, we can get started with our guide. In this section of our guide on the best crypto trading platforms in Ireland, we will quickly examine our list of platforms.

  1. eToroOveral best crypto trading platform in Ireland 
  2. Eightcap – Excellent online platform supporting several third-party platforms
  3. Admirals – Offers real-time market news and price data 
  4. Bitpanda – Excellent platform offering fractional investments 
  5. Plus500 – Known for its reliability and transparency 
  6. Skilling – Excellent for mobile trading 
  7. AvaTrade – Superb trading platform with a strong focus on security

Best Crypto Trading Platforms in Ireland Reviewed 

In this section of our guide on the best crypto trading platforms in Ireland, we will look closely at each platform mentioned in our list. Let’s get started.

1. eToro – Overall best crypto trading platform in Ireland

eToro tops our list of best crypto trading platforms in Ireland. There are many reasons why we like eToro, which we will discuss before taking a deeper dive. The platform makes crypto trading simple, offering almost 80 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

eToro Crypto Trading Platform

eToro follows a flat fee structure, which we shall discuss later. This fee structure makes the platform one of the cheapest crypto trading platforms in the market. The platform also offers users several investor protection measures and a social trading experience.

Overview

eToro is the best platform on our list, focusing primarily on providing users with investing and copy trading services. It is currently the largest social trading platform and, as of 2023, has 30 million registered users. The platform was founded in 2007 to disrupt the trading world.

The platform allows users to access many unique features, such as Smart Portfolios, Copy Trading, and Social Trading. As mentioned earlier, eToro offers a host of major cryptocurrencies. Major ones include

Account Types

eToro is primarily a social trading platform. However, users can also store and earn interest on their crypto holdings. The platform offers users a crypto trading platform, crypto wallet, staking, money management, and more. It also provides membership benefits through the eToro Club. eToro assigns users an account tier based on the amount of money in their cash balance and the value of their investments.

eToro Copy Trading

All users are automatically assigned to the Bronze tier, the standard account. Tiers above the Bronze tier offer additional benefits such as lower fees, premium subscriptions, VIP events, and webinars.

eToro also offers a money account. This e-wallet app allows users to make payments and send or receive money from friends and other users.

Assets Offered

We’ve already talked about eToro’s crypto offering. So, what else does the platform offer? The platform offers over 3000 trading assets covering major and minor forex pairs, ETF trading, indices, shares, and commodities.

Fees

Fees on eToro are some of the lowest, with the platform charging a flat 1% fee on crypto trades. Traders also don’t have to pay additional fees to eToro, such as overnight fees. The minimum trade size on the platform is just $10, with users also having the option of fractional investments. For trading, eToro offers users charts, automated trading tools, and a demo account. Access to a demo account is crucial as it allows traders to test trading strategies before deploying them in the market.

Regarding payment modes, eToro supports several. These include debit cards, credit cards, bank wire transfers, and e-wallets like PayPal.

Regulations

eToro is a highly regulated trading platform. The platform is licensed and regulated by the FCA, CySEC, ASIC, and the SEC.

Pros:
  • Offers excellent customer support and a live chat feature
  • Perfect for beginners, as accounts are easy to set up and start with
  • Popular features include smart portfolios, copy trading, and social trading
  • Over 2000 CFDs are available
  • Offers 80 major cryptocurrencies
  • Highly competitive, industry-leading commissions
Cons:
  • Does not support third-party integration

Don’t invest unless you’re prepared to lose the invested amount. Crypto trading is high-risk investment.

2. Eightcap – Excellent online platform supporting several third-party platforms

The next top cryptocurrency trading platform in Ireland is Eightcap. The exchange was founded in Australia and currently operates under five global entities. The platform offers users over 800 financial instruments, including crypto, at highly competitive costs. Eightcap’s standout feature is its ability to integrate with TradingView seamlessly. This allows traders to trade directly from the TradingView platform and access its features on desktop and mobile.

Assets Available

Eightcap is primarily a CFD brokerage firm, meaning users can trade for a range of contracts for difference. Users can access two types of accounts: a standard account and a raw account. The standard account offers higher spreads but zero commissions. On the other hand, the raw account offers ultra-low spreads but charges commissions on trades.

Eightcap Trading Platform

Eightcap offers users a decent selection of assets such as stock, forex, crypto, commodities, and indices. Eightcap’s asset selection is somewhat limited compared to other platforms on our list. However, the platform’s crypto offering is considerable, with over 250 cryptocurrencies available. This includes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Polygon (MATIC), Shiba Inu (SHIB), Chainlink (LINK), Uniswap (UNI), EOS (EOS), Cardano (ADA), Stellar Lumens (XLM), Solana (SOL), Cosmos (ATOM), Polkadot (DOT), and others.

You can access the complete list of available cryptocurrencies on the Eightcap website.

Fees

Eightcap does not charge users an additional fee for buying or selling crypto on the platform apart from spreads and rollovers. Users on the platform can trade crypto using CFDs. This is why spreads are considerably higher when compared to other platforms on our list. For example, the spread on Bitcoin can be around 30 pips.

Additionally, the platform is highly regulated by The FCA, ASIC, and CySEC.

Pros:
  • Offers leverage of up to 1:500
  • Regulated by several regulatory bodies
  • Low trading fees
  • Users can trade directly from the TradingView platform
  • Eightcap has partnered with multiple proprietary trading firms
Cons:
  • Some markets are not available in certain regions
  • Customer support is available only during certain hours of the day

3. Admirals – Offers real-time market news and price data

Admirals is one of the best crypto trading platforms in Ireland for supported markets. The platform allows users to trade and invest in over 8000 assets with as little as €1. Users can access assets such as stocks, ETFs, forex pairs, and commodities. Apart from traditional financial assets, the platform also supports cryptocurrencies.

Admirals Crypto Trading Platform

The platform was founded in 2001 and offers competitive spreads on major trading assets, starting from just 0.5 pips. Users can also access a demo account to test strategies before implementing them. They can also access real-time news, research, and price charts.

Assets 

As mentioned earlier, Admirals offers users access to various trading assets, including cryptocurrencies. However, the platform’s crypto offering is limited, with only around 35 cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Dash (DASH), and several others.

Fees

All trades on Admirals are commission-free. However, traders are required to pay spreads. These spreads start from 0 pips on the most popular assets. However, the spreads are considerably higher for more volatile assets.

Safety

Admirals is a highly secure trading platform regulated by two tier-1 regulators and two tier-2 regulators. This guarantees the security of user funds held on the platform. Under FCA rules, client funds held on the platform are always identifiable and available. Admirals cannot use these funds. Furthermore, funds are protected under the UK insolvency law and unavailable to general creditors.

Pros:
  • Offers several educational resources, including webinars and seminars
  • Users can access a host of tradable assets
  • Advanced trading and charting tools
  • Commission-free accounts with no hidden fees
Cons:
  • Not available in certain jurisdictions
  • There are no fixed spreads

4. BitPanda – Excellent platform offering fractional investments

The next platform in our guide on the top-rated crypto trading platforms in Ireland is BitPanda. It is an all-in-one trading platform that offers users over 250 tradable assets. This includes over 50 major cryptocurrencies and several crypto indices. The platform makes it extremely simple to invest in crypto without being drawn into making complicated decisions regarding crypto investing.

BitPanda Crypto Trading Platform

BitPanda is one of the most accessible crypto trading platforms in the market, with a minimum trade size of just $1. Moreover, traders can automate their investments, which means you can add to your crypto portfolio regularly. BitPanda also offers a BitPanda card that gives users cashback of up to 2%, paid out in Bitcoin. In all, the platform offers users cryptocurrencies, stocks, ETFs, and commodities.

The platform’s low fees and small trade size make it one of the most easily accessible crypto trading platforms in the world.

Overview

BitPanda is a crypto broker that also allows users to trade stocks, ETFs, and commodities. It offers an intuitive user interface, making trading simple. Everything about the platform is well thought out and transparent. It provides users with a dedicated mobile app and an academy section that offers a plethora of information for all types of investors.

Assets Available

As mentioned earlier, BitPanda is a crypto broker selling stocks, ETFs, and commodities. It offers a robust selection of trading tools, cryptocurrencies, stocks, and ETFs. Additionally, it also offers fractional investing. This allows users to purchase as little as 1 euro of a stock. Users can also set up recurring buys, allowing them to purchase crypto regularly.

The platform also has its own native token, the BitPanda Ecosystem Token (BEST), that is used to reward investors. However, it does not offer a crypto wallet, although users can send and receive crypto directly on the platform. So, what cryptocurrencies are available on BitPanda? BitPanda offers users almost every major currency in the market and over 300 in all. Major assets available on the platform are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Solana (SOL)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Avalanche (AVAX)
  • Cardano (ADA)
  • Tether (USDT)
  • Dogecoin (DOGE)
  • Tron (TRX)
  • Polygon (MATIC)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Uniswap (UNI)
  • Stellar (XLM)
  • Cosmos (ATOM)
  • Bitcoin Cash (BCH)
  • Aptos (APT)

Even advanced traders will be able to find most of the tokens they wish to trade on BitPanda. You can get the complete list of supported assets on the BitPanda website.

Fees

Now, let’s look at the fees on BitPanda. Fees on the platform are at par with some of the platforms mentioned in our guide. Let’s look at the fee breakdown on the platform.

Trading Fees

BitPanda offers trading platforms for Pro and basic users. The basic platform is slightly more expensive but is an excellent choice for beginners. A fee of 1.49% is built into the price displayed during the trade. If you purchase 200 euros worth of BTC, you would pay a transaction fee of 3.98 euros.

More experienced traders can use the Pro platform and significantly reduce trading fees. The pro platform’s maximum maker/taker fee is 0.1% to 0.15%. This means it would cost traders just 0.30 euros to purchase crypto worth 200 euros. Furthermore, Pro fees are reduced with higher trading volumes.

Fiat Deposit And Withdrawal Fees 

BitPanda users can quickly deposit funds via bank transfers, credit cards, debit cards, and e-wallets. The fees are clear, transparent, and easy to understand. The minimum deposit is around 25 euros, depending on the fiat currency. Bank deposits and withdrawals don’t attract a fee. However, credit and debit card deposits/withdrawals attract a 1.5-1.8% fee. Meanwhile, other payment modes, such as e-wallets, attract a fee of 3.6% or more.

Crypto Deposit And Withdrawal Fees

Regarding crypto deposit and withdrawal fees, BitPanda operates differently than other platforms. Most exchanges don’t charge a fee for crypto deposits and withdrawals. However, BitPanda charges a fee of $5 when making withdrawals. The deposit fee is waived for deposits exceeding a particular amount of crypto. However, this varies from crypto to crypto.

Pros:
  • Offers over 300 cryptocurrencies
  • Over ten major fiat currencies are supported
  • Low fees for BTC purchases using debit or credit cards
  • It also offers stocks and commodities
  • It has an excellent educational section
Cons:
  • Customer support can be better
  • Restrictions in some jurisdictions

5. Plus500 – Known for its reliability and transparency

Plus500 is one of the saftest crypto trading platforms in term of security and regulation. The trading provider was founded in 2008 and is primarily a CFD platform. It operates via several subsidiaries throughout Europe and the Asia-Pacific region and is registered with all relevant regulatory authorities.

Plus500 Trading Platform

Plus500 has established itself as one of the market’s most reliable and transparent platforms. The platform’s fees are straightforward, and users can access over 2500 financial instruments. This includes CFDs on forex, stocks, commodities, and cryptocurrencies. Plus500 offers something for every type of user, irrespective of experience. Zero commissions and tight spreads add to the platform’s burgeoning popularity.

As we’ve mentioned earlier, Plus500 is primarily a CFD platform. However, we will only focus on the platform’s crypto offering.

Features

Plus500 has various features that give the platform a significant advantage over its peers. Features include alerts for price movements, push notifications, and an in-house market sentiment indicator. Plus500 also offers a dedicated trading tool, Insights, which leverages and analyzes real-time data to identify profitable trades. As a publicly traded platform, Plus500 offers several financial products besides cryptocurrencies. This includes forex, CFDs, stock indices, individual shares, commodities, ETFs, etc.

In all, Plus500 offers 19 cryptocurrency pairs, 23 commodities, 71 currency pairs, 23 commodities, 1737 equity CFDs, 34 Index CFDs, and 877 options contracts.

Account Types

Plus500 offers users two basic accounts: a demo account and a live account. Users can open a demo account for free. This type of account allows them to test trading strategies and get used to the platform without risking actual money. On the other hand, Plus500’s live account requires users to deposit at least $100 before they can begin trading.

Plus500 offers users several other features, such as a fully-fledged trading platform. A crypto wallet, crypto staking, and spread betting broker.

Fees

Plus500 generates revenues from customer trades that cross the bid/ask spread. It does not charge commissions on any transactions. The platform also generates revenue through premiums. This is a financing charge levied on positions held overnight.

These are also subject to currency conversion charges if kept in a currency other than the account’s base currency. There are also fees for guaranteed stop-loss orders and an inactivity fee that is levied if the account is inactive for more than three months. This fee is relatively high at £10 per month.

Spreads on Plus500 start from 0.01% or 0.9 pips, varying depending on the instrument being traded.

Trading Experience

Plus500 offers traders a seamless experience through its proprietary platform, WebTrader. WebTrader has an easy-to-use interface that allows users to create watch lists, analyze charts, and place/monitor trades. The platform’s technical analysis charts give users access to many technical indicators. However, Plus500 does not offer compatibility with platforms such as MetaTrader4.

Pros:
  • Gives users access to a demo account
  • A highly regulated platform
  • A variety of trading assets are available on the platform
  • Risk management tools
  • Dedicated mobile platform
Cons:
  • No compatibility with MetaTrader

6. Skilling – Excellent for mobile trading

Skilling  is one of the leading crypto trading platforms with million users worldwide. It is a beginner-friendly platform that makes trading accessible to everyone, offering users access to 55 major cryptocurrencies accessible from their desktops or through a dedicated mobile app.

Skilling Crypto Trading Platform

The platform offers users compatibility with TradingView, allowing them to chart trading strategies and send them directly to your trading account. It also offers various user-friendly software such as its proprietary Skilling Trader and cTrader platform.

Assets

As mentioned earlier, Skilling offers users access to a plethora of financial instruments. When it comes to cryptocurrencies, users can access 55 major cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others.

Features

Skilling offers users a secure crypto trading environment, along with many features and advanced tools. These include stop-loss orders, margin trading, and limit orders. Skilling also allows users to set up automated bots that can execute trades on their behalf. Users can also access technical indicators, drawing, and charting tools when trading.

Skilling also offers users a dedicated educational section suitable for traders of all levels. The section offers users access to webinars, trading articles, trading videos, and comprehensive tutorials. When it comes to accounts, Skilling offers two types of trading accounts: A basic account and a premium account. All users can access the basic account. However, to access the premium account, users must deposit $5000. 

Fees

Now, let’s talk about fees on Skilling. The fees on this platform are straightforward to understand. Skilling charges a maker-and-taker fee of 0.1%, which is relatively low compared to other trading platforms mentioned in our list. This makes it an excellent option when selecting a crypto trading platform.

The platform also charges a withdrawal fee of 0.0001 BTC or its equivalent in fiat. This is also comparatively low compared to other platforms on our list.

Pros:
  • Offers a proprietary platform in addition to MT4 and cTrader
  • Over 800 trading instruments available, including 55 major cryptocurrencies.
  • It is an excellent option for both beginners and advanced traders.
  • Offers a dedicated educational section with a plethora of videos, webinars, articles, and guides
  • Customer service is very responsive
Cons:
  • Limited educational resources

7. AvaTrade – Superb trading platform with a strong focus on security

AvaTrade is a promising crypto trading platform that has grown to serve a massive user base in Ireland. It offers users powerful trading software, allowing them to trade professionally. The platform is primarily a CFD broker that also offers a range of major cryptocurrencies. Additionally, users can access third-party platforms such as MetaTrader 4 and MetaTrader 5.

AvaTrade Bitcoin Broker

Fees

AvaTrade does not charge commissions on trades. Instead, AvaTrade includes a fee in the bid/ask spread. It also charges an inactivity fee if users don’t use their account for three months. This fee is quite steep at £50 per month.

Stock spreads on the platform start from 0.13 pips, and forex spreads start from 0.7 pips. Overnight positions are charged a swap fee that depends on the size of the position.

Features

AvaTrade offers users a plethora of features coupled with a simple, easy-to-use interface. It also offers integration with platforms such as MetaTrader 4 and MetaTrader 5. However, those who do not want to use third-party platforms can access the platform directly from the browser. AvaTrade also offers users a demo account. Users can sign up for this demo account without making a deposit. However, This window lasts only for three weeks.

Coming to the cryptocurrencies on offer on AvaTrade, the platform offers 20 crypto pairs. These include:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dash (DASH)
  • Stellar Lumens (XLM)
  • EOS (EOS)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Uniswap (UNI)
  • Wrapped Solana (WSOL)

AvaTrade does not charge trading fees when it comes to crypto trades. Instead, it charges a spread starting at 0.15% over the market for BTC/USD. Highly volatile cryptocurrencies come with higher spreads.

Pros:
  • Highly regulated platform
  • Offers a handy selection of cryptocurrencies
  • Low fees
Cons:
  • Spreads are competitive but not industry-leading

Getting Started 

If you are looking to get started with crypto trading, all you need is the following. 

  1. Crypto Trading Account – The first thing you need is a trading account. You can set up an account on a platform like eToro to get started. Creating an account is easy and can be done in minutes. 
  2. Payment modes – There are several ways in which you can purchase crypto. Most crypto trading platforms accept payments through credit cards, debit cards, bank wire transfers, and e-wallets like PayPal. 
  3. Photo ID – All centralized trading platforms, such as the ones on our list, require photo ID and documentation. This is done to comply with KYC and AML regulations and prevent fraud. 
  4. Crypto Wallet – This is optional, as most crypto trading platforms will hold your funds for you. However, we recommend moving your assets to your personal crypto wallet for greater control over your assets.

Crypto Trading Platform – What is it?

A crypto trading platform acts as a digital marketplace facilitating the buying, selling, and trading of cryptocurrencies. These platforms also facilitate the trading of other assets, such as NFTs. A crypto trading platform operates on the same basic principle as a stock exchange. However, there are a couple of notable exceptions.

A cryptocurrency trading platform or exchange does not maintain a physical presence. Instead, these platforms are entirely digital, retaining only an online presence. Secondly, these platforms are largely unregulated. However, crypto trading platforms and exchanges based in the USA must comply with the Bank Secrecy Act, which requires registering, reporting, and collecting customer data. There are several types of crypto trading platforms, the most popular being centralized and decentralized. Let’s look at each in a little more detail.

Centralized Platforms

Centralized platforms function like traditional stock trading platforms, acting as intermediaries and facilitating trades. These centralized platforms are typically owned by a central authority that controls all aspects of the platform and its accounts. Such platforms offer users several advantages: high liquidity, speed, and low trading fees. A user must trust the platform and the entity overseeing it to use a centralized exchange.

Advantages

A centralized platform offers several advantages such as: 

  • ✅ High liquidity – Liquidity refers to the ability of an asset to be sold without impacting any price movement and causing a loss of value. It is crucial in ensuring safety against market manipulation and coordinated pump-and-dump schemes. Centralized platforms offer far more liquidity than their centralized counterparts. 
  • ✅ Speed – Transaction speeds matter when trading crypto. This is because prices can change in a matter of seconds. Centralized crypto platforms ensure quick trades at low fees. 
  • ✅ Support – Centralized platforms are known for their customer support. This is because most of these platforms verify the user’s identity before they can use the platform. This makes asset recovery possible should the user lose login access or credentials.

Disadvantages

However, they also have a couple of disadvantages: 

  • ❌ Frequently targeted by hackers – Centralized platforms process transactions worth billions each day, making them a prime target for hackers. The most notorious hacks in crypto have all targeted centralized platforms. These include BitFinex, Mt. Gox, and Cryptopia. 
  • ❌ Manipulation – Some centralized exchanges have been accused of manipulating or falsifying trading volume, insider trading, and price manipulation.

Decentralized Platforms

Decentralized exchanges are autonomous decentralized applications that run on a public distributed ledger infrastructure. These platforms allow users to trade crypto without a centralized authority. Because these platforms are autonomous, users don’t have to go through mandatory KYC compliance, giving them greater anonymity and greater control over their assets.

Advantages

A decentralized trading platform offers several advantages such as: 

  • ✅ Security and Privacy – Decentralized platforms don’t require users to complete KYC requirements. This gives users far greater privacy than centralized platforms that require considerable disclosures. Regarding security, decentralized platforms use precautions such as distributed hosting to mitigate risks from hacks. 
  • ✅ Trustless – The users themselves control user funds and data and not the platform. 
  • ✅ Self-Custody – Decentralized platforms are decentralized, meaning no single entity controls them. This means users maintain complete control over their private keys and digital assets.

Disadvantages

Decentralized exchanges do have a couple of disadvantages. 

  • ❌ Interoperability – Trading digital assets based on distributed ledgers can be challenging and require additional software or networks. 
  • ❌ Liquidity – Even the top decentralized platforms struggle with liquidity compared to their centralized counterparts.

Hybrid Platforms

A third type of platform is the hybrid platform, which combines the strengths of centralized and decentralized platforms. A hybrid platform facilitates the centralized matching of orders and the decentralized storage of tokens. This means a hybrid platform does not control user assets and cannot stop users from withdrawing funds. Such platforms also have several advantages and disadvantages.

Advantages

  • ✅ A hybrid platform works in a closed ecosystem. This ensures data privacy and security. 
  • ✅ Privacy – A private blockchain can have specific privacy-related use cases. Hybrid exchanges can protect sensitive information while allowing the company to communicate with necessary stakeholders.

Disadvantages

  • ❌ Hybrid exchanges suffer from low volumes because they have been around for only a short time. They do not have the necessary volume to compete with centralized or decentralized platforms.

Why Has Crypto Become Popular?

There are several reasons why crypto has become popular in Ireland and the world.

Utility

Developers are creating new utilities for blockchain technology and cryptocurrencies all the time. In a few short years, we have seen the advent of decentralized finance, blockchain games, and non-fungible tokens. Cryptocurrencies are also being accepted as a mode of payment.

Investment

Cryptocurrencies have become extremely popular as an asset class, leading to the generation of considerable investor interest. In a few years, cryptocurrencies have transitioned from a niche asset to a mainstream one.

Future

Traders and regular individuals believe cryptocurrencies are the future. Many businesses have incorporated blockchain technology and cryptocurrencies into their operations. While still early days, blockchain and cryptocurrencies have shown much promise in their utility and popularity.

Factors To Consider

In this section of our guide on the best crypto trading platforms in Ireland, we will look at the factors you must consider when selecting a crypto trading platform.

What are the Cryptocurrencies Offered? 

The number of cryptocurrencies offered by each platform varies. Some platforms provide a humongous selection of cryptocurrencies, while others offer a more limited selection. Major cryptocurrencies are available on all crypto platforms.

However, if you want to trade altcoins other than those mentioned above, you must select a platform offering a large asset selection. In any case, choosing a platform with an extensive crypto offering is better as it allows traders to diversify their crypto portfolio through a single platform.

What are the Minimum Deposit Requirements?

Most crypto trading platforms do not have a minimum deposit requirement. This makes them ideal for beginners and casual traders with a limited trading budget. However, advanced trading platforms impose a minimum deposit requirement. This can range anywhere between $20 to $250. These advanced platforms offer users trading tools, charts, and technical analysis.

What are the Currencies Supported?

Most crypto trading platforms only support deposits in USD or other major fiat currencies such as euro, GBP, and AUD. This can be problematic if the supported currencies are not your primary currency. If you don’t have access to major fiat currencies, select a platform like eToro or Binance that supports multiple fiat currencies.

What are the Payment Modes Supported by The Platform?

Supported payment modes are crucial when selecting a crypto trading platform. Most platforms support credit cards, debit cards, bank wire transfers, and e-wallets. However, some don’t support e-wallets and credit/debit cards. When selecting a platform, always ensure it supports your preferred payment mode.

What Features does the Platform Offer?

Each crypto trading platform is different when it comes to the features it offers. Some platforms, such as eToro, are more suited for beginners, offering basic tools and features. Combining this with an easy-to-use and intuitive interface makes trading a breeze. Other platforms are better suited for more advanced traders and offer many advanced trading tools.

How is Customer Support?

As a trader, having easy access to customer support is critical when trading. Things move fast during trades; sometimes, trades go wrong or are not executed. At this point, help from customer support is crucial to resolve any problem users face when trading. Always select a platform that offers dedicated support, such as a chat feature that allows you to talk to a representative instantly. Avoid platforms that provide only support tickets or email support. This is because such platforms take days to reply to any query.

Does the Platform Offer a Crypto Wallet?

Most traders are happy to leave their funds in their crypto trading account, and most platforms are happy to hold the funds for customers. Whether you need a crypto wallet comes down to your trading preferences. If you are someone who trades often, leaving most of your funds on the platform makes sense. However, if you are someone who HODLs, moving your funds to a dedicated crypto wallet is advisable.

Crypto wallets also give you far greater control over your crypto and maintain complete control over their private keys.

What are the Fees Charged by The Platform? 

Fees are a complicated topic because each platform charges fees depending on different factors. As a result, fees vary from platform to platform. So, what factors do the fees depend on? Most platforms base their fees on the account type, amount traded, trade type, and market being traded. Some platforms use a maker-taker fee structure, while others utilize a commission system. For example, eToro charges a 1% fee on all crypto transactions.

As a trader, you must always learn about the fees charged by a platform and understand how they may impact your trades and investments. If you are someone who plans to trade daily, choose a platform that has lower transaction fees. You should also factor in blockchain transaction fees, as this is something you will have to pay blockchain participants once the transaction is completed.

Best Practices

In this section, we will look at how to keep your account and funds secure when trading. It is well known that crypto trading comes with a plethora of risks, and we don’t mean trading risks. Risks include platform vulnerabilities, hacks, scams, phishing attempts, and more. So, how can you keep your funds safe?

Research, Research, and Research

We don’t endorse a particular platform; However, we recommend thoroughly researching what platform aligns with your trading goals. The platform you choose has substantial implications throughout your trading journey.

Strong Password and 2FA

Users must also be proactive when it comes to security. Doing so makes a significant impact on the risks they could face. Always use a strong, unique, multi-character, and multi-case password when creating an account on a trading platform. This must be reinforced with 2FA (Two-factor authentication). You can use a password manager or Google Authenticator to set up 2FA. Security must be given paramount importance when selecting a platform.

Do Not Store Crypto on The Exchange

Most crypto trading platforms store user data and keys on a centralized server. These servers are a prime target for hackers. It would be best to always store your assets in your crypto wallet or a cold wallet. Additionally, they must ensure they are the only ones with access to private keys.

Mnemonic Seed Phrases 

It would be best if you securely stored your mnemonic seed phrases. These phrases are generally a set of  12, 22, or 24 words that offer holders access to an account on a public ledger as holding a private key.

How to Trade Cryptos in Ireland

This section of our guide will look at how you can create an account on a crypto trading platform. Opening an account is different on each platform, but it follows the same basic steps across the board. For our example, we will be using eToro as the selected platform.

Step 1: Create an Account

Sign up via etoro

The first step is to create an account on the platform of your choice, in this case, eToro. This step is simple; you must go to the eToro website and click the “Sign Up” button. Following this, you will be prompted to enter your name, address, email address, and mobile number. Once submitted, eToro will send you a verification code on your mobile and email address. Once verified, you must set a strong password for your trading account.

Step 2: Complete KYC

Next, you must complete your KYC. To do this, you must provide eToro with some additional personal details and documentation. These will be verified independently by eToro. This step is necessary to comply with Know Your Customer and Anti Money Laundering regulations.

Step 3: Deposit Funds 

Supported Coins

After verifying your account, you can begin making deposits. eToro supports various payment modes, such as debit cards, credit cards, bank wire transfers, and PayPal.

Step 4: Choose Cryptos Market

Now that you’ve funded your account, you can start trading. Use eToro’s search function to search for the asset you wish to trade. Once you have found the asset you want to trade, click the “Trade” button.

Step 5: Place Crypto Trade

The last step is making the actual purchase. After you click on the “Trade” button, you will be presented with a form. Fill out the form by entering the required information. After this, click the “Open Trade” button and place the trade.

Key Points Summary

  • A crypto trading platform allows users to seamlessly purchase, sell, and trade crypto. 
  • Several types of crypto trading platforms exist, such as centralized, decentralized, P2P, and hybrid. 
  • Crypto trading platforms create digital marketplaces that match crypto buyers and sellers. 
  • There are several crypto trading platforms in Ireland today, such as eToro, Coinbase, Binance, and several others. 
  • Many experts believe blockchain technology and cryptocurrencies can disrupt several industries, such as finance, law, and software. 
  • Cryptocurrencies offer faster and cheaper transfers compared to fiat currencies, along with decentralized systems that don’t have a single point of failure.

Conclusion

This is the conclusion of our guide on the best crypto trading platforms in Ireland. We have discussed several aspects of crypto trading, such as the factors you must consider when selecting a trading platform. These include assets offered by each platform, security, fees, and convenience.

We also looked at each platform in detail, discussing their pros and cons and how they compare against each other. Lastly, we discussed how you can create an account on a trading platform and went through a step-by-step guide on creating an account on eToro and starting trading.

We highly recommend eToro as the platform of choice. eToro offers users access to all major cryptocurrencies, an easy-to-use interface, and low fees.

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  • Free Copy Trading of Professional Traders
  • Best Crypto Trading Platform
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9.9

5 Stars

Cryptoassets are a highly volatile unregulated investment product.

FAQs

Which is the safest crypto trading platform in Ireland?

We found eToro to be the safest crypto trading platform in Ireland. The platform offers a highly secure and transparent storage method, ensuring the complete security of user funds.

Yes, it is entirely safe to purchase crypto in Ireland as long as you do it from a secure and regulated crypto trading platform. Always choose a trading platform that keeps customer funds segregated from its main account, and is transparent about its financial statements.

Yes, crypto is legal in Ireland. You can easily purchase crypto from any platform mentioned in this guide. However, remember that regulations have yet to catch up, and crypto trading comes with risks. There are also limitations regarding how you can purchase crypto. Some platforms restrict crypto purchases and deposits.

We recommend eToro as the best crypto trading platform for beginners. eToro offers users an easy-to-use interface at low costs and a detailed educational section that gives access to videos, webinars, guides, and articles.

We found eToro to be the most cost-effective crypto trading platform in Ireland. Deposits on the platform attract a 1% fee, while withdrawals cost 0.5%.

Any crypto trading platform that is regulated and transparent about its finances qualifies as a trusted crypto trading platform. All the platforms discussed in our guide are highly trusted, meaning you can safely create an account on them and begin trading.

We recommend eToro as one of the safest crypto trading platforms in Ireland. eToro is one of the world’s most secure platforms, regulated by the ASIC, CySEC, and FCA.