Bitcoin cash ireland

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You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

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Ireland is considered one of the freest countries on Earth in terms of economic policies.

It is no wonder, then, why Bitcoin has taken off so quickly in Ireland. Ireland is home to many Bitcoin ATMs and businesses transacting in Bitcoin.

One of the easiest ways to buy Bitcoin in Ireland is, of course, through cryptocurrency exchanges. All of the best exchanges servicing Irish residents are outlined above, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

Another way to buy Bitcoins in Ireland is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin, they are more private than exchanges.

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Ireland has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

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There are three main types of Bitcoin wallet and all of them are supported in Ireland:

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

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The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Atomic Wallet

Best for storing crypto for short period of time

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Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

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Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.

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OneCoin Money Launderer

In September of 2019, Employees of the Bank of Ireland were asked to testify against Mark Scott. Scott was one of OneCoin's legal counsellors, and he is charged with helping to launder $300M of stolen funds for the OneCoin Ponzi Scheme. Witnesses allege Scott used corporate accounts at the Bank of Ireland to launder the funds by lying to the witnesses about the source of the funds.

Scott denies knowing that OneCoin's activities were unlawful.

Bitsane Exit Scam

In June of 2018, Dublin-based crypto exchange Bitsane appeared to have shut down the exchange and run away with all 246,000 of its customers' deposited coins. For the most part, the funds stolen were in the form of Ripple's XRP token. Ripple, the company, actually listed Bitsane as one of its approved exchanges, making matters even more frustrating for victims who trusted Ripple to vet the exchanges that traided its coins.

Looking back, users reported having issues withdrawing coins as early as May, with Bitsane reporting that they were having technical issues with withdrawals.

The CEO and CTO are apparently unreachable by media, with the CEO apparently deleting his linkedin account.

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Does Coinbase work in Ireland?

Citizens of Ireland can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

• Bank Deposit
• PayPal
• 3D Secure Credit Card
• Debit Card
• Credit Card

Where Can I Find a Bitcoin ATM in Ireland?

There are 22 total Bitcoin ATMs across the Republic of Ireland. Most are in Dublin, but others can be found in Galway, Cork, and Limerick.

What is the price of Bitcoin in Ireland?

The current price of Bitcoin in Ireland is €8,888, however this amount changes every minute, so always check the value on your local exchange.

What is the bitcoin lottery in Ireland?

The Bitcoin lottery in Ireland works the same as a normal lottery, where participants pick numbers and hope that the lottery operator randomly chooses the same numbers. If you pick the winning numbers, you win 1,000 Bitcoin or the cash equivalent of it.

The Bitcoin lottery is owned and operated by Gibralter-based Lottoland.

Lottoland no longer runs the Bitcoin Lottery in 2020.

How much Bitcoin volume is from Ireland?

Unfortunately, we have no data on Ireland's Bitcoin trading volume, but we do know that the daily trading volume for Ireland on LocalBitcoins is less than $1M in total.

Ireland doesn't even rank in the top 46 countries for volume on Localbitcoins.com

How do I cash out of Bitcoin in Ireland?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR trading pairs for many popular coins.

Another way to sell Bitcoins in Ireland is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.