Unless you’ve been living on the Blasket Islands, you will have heard about Bitcoin. Most will just dismiss all the hype and call it a bubble. However, if you’re reading this I assume you’re at the beginning of going down the Bitcoin and Crypto rabbit hole and wondering how you can buy Bitcoin in Ireland.
Buying Bitcoin in Ireland in 2021 is a breeze compared to when I tried to buy in 2013. Even during the 2017 bull run, my 80-year-old grandad got in on the action and bought some Bitcoin on Coinbase. Unfortunately, bull runs do come to an end and so were his hopes of becoming Tipperary’s first Bitcoin millionaire.
How to Buy Bitcoin in Ireland
I’ve put together a list of trusted cryptocurrency exchanges available in Ireland, where you can buy Bitcoin or alternatives cryptocurrencies, also known as alt-coin (including the likes of Ethereum, Cardano, ChainLink etc).
If you’re interested in a particular exchange and want to find out more, you’ll find lots of articles and tutorials throughout our site everybithelps.co.uk, as well as our YouTube channel Every Bit Helps.
So, don’t let the tech get in the way of you getting started. It can be complicated, but just take one step at a time.
Coinbase is one of the most popular and trusted cryptocurrency platforms in the world. However, being the most popular exchange does come with its downfalls (i.e customer support). If something does go wrong, or if you have a question, you can check out Coinbase FAQs. But if you need to message support, you could be waiting a while for a response. Unfortunately, this isn’t just limited to Coinbase, as crypto platforms are notorious for having bad customer support.
However, you might be in luck, as Coinbase’s EU headquarters are based in Ireland. So if they don’t respond, I’m sure you could pop in and say “Hi!”
Coinbase is a US-based exchange and will be going public on the Nasdaq in March 2021. If you want to buy Bitcoin or the likes of Ethereum you will be fine using Coinbase or their more advanced platform, Coinbase Pro. But if you want to be more speculative and buy a cryptocurrency with a smaller market cap, you will need to look for alternatives such as Binance Exchange.
When signing up to Coinbase, you’ll receive $10 of free Bitcoin when using this link and by depositing $100 (or the equivalent in euros). They also have a feature called Coinbase Earn, where you will earn free crypto just by learning and answering a few, simple questions.
As someone new to crypto, Coinbase is great, just don’t buy with a credit cards (where fees are very high) and don’t leave your crypto on the exchange. An exchange is far more likely to be hacked, so keep your Bitcoin offline and in a wallet. Ideally with access to your private keys. To find out more, check out my tutorials on Ledger, Trezor or Exodus wallet.
Watched the film Social Network? Remember the twins that had the FaceBook concept, before Mark Zuckerberg stole their idea? Well, Tyler & Cameron Winklevoss did okay. After rowing for Team USA at the London 2012 Olympics, they bought some Bitcoin (well more than “some”) and are now billionaires that then went on to create Gemini Exchange.
Again, Gemini is similar to Coinbase; regulated in the US, has a limited selection of cryptos. Plus they also have a $10 Sign-up offer by using this link.
One of the main advantages of using Gemini over Coinbase is their fees, as compared to Coinbase their fees are lower. Gemini’s trading fees start from 0.35%, compared to Coinbase’s 0.5%. It may only be fractional, but those fees really do add up. Plus to withdraw crypto from Gemini, they give users 10 free withdrawals per month.
So, Bitcoin and Ethereum returns aren’t good enough and you want that Lambo money? Well, Binance Exchange has a huge selection of crypto assets to choose from. Plus their transaction fees are even lower, compared to Coinbase and Gemini. However, withdrawal fees can be high depending on the cryptocurrency you want to withdraw.
Binance is the largest cryptocurrency exchange in the world and was founded in 2017, by Changpeng Zhao. However, Binance is more than just an exchange to trade digital currencies. Binance allows you to stake your crypto assets to earn interest, offers loans against your crypto and mine rewards through their pools. Plus they provide leverage trading, although I recommend staying away from leverage, especially when you’re a beginner.
Although Binance doesn’t offer any sign-up bonuses, you can earn a 20% discount when using this link. If you want more information on how to save up to 40% on Binance trading fees, check out this post.
Crypto.com was founded in 2016 and was formerly known as Monaco, with headquarters in Switzerland and offices in Hong Kong and Singapore. If you think Binance has a lot going on, Crypto.com has more pies than fingers.
They offer spot, margin, and derivatives trading. Plus you can get involved in DeFi with their Earn and Swap features. You also try their other features such as the Syndicate, Supercharger, Crypto Loans and participate in their special events.
Even though Crypto.com has a lot going on, I do like it. One of the biggest benefits is their Crypto.com Visa card. They offer a free Midnight Blue card where you will earn 1% interest on every purchase, paid out in CRO.
To receive more benefits you will need to lock-up their CRO token (also known as staking). However you will receive this back (after the staking period ends) and earn up to 8% cash back for every purchase made. Plus depending on your tiers you can also get Netflix, Spotify and Amazon Prime for free, every month.
If you sign-up to Crypto.com using this link you can get earn up to $50, depending on the amount of CRO you stake.
To use Crypto.com you will first need some crypto to get started. Unfortunately, Crypto.com doesn’t allow you to deposit Euros, so you will have to transfer your digital assets over to their Crypto.com Exchange or wallet. This is one of the downfalls especially if you’re new to the world of crypto.
Revolut is a popular banking App in Ireland and is great for using abroad to save on international transaction fees. I’m sure you have seen the cryptocurrency pop-up asking you to invest, but should you?
I didn’t even want to put Revolut on this list, but had to. Just so I can tell you NOT to use Revolut to buy Bitcoin or cryptocurrency. When you’re buying crypto on Revolut you have no control over your assets and they’re stuck as you can’t withdraw them to an external wallet. So whats the point?
Plus the fees are super high even when compared to the likes of Coinbase. With 2.5% for Standard users and 1.5% for Premium and Metal users. Anyway lets move on…
eToro is a little different compared to the other platforms I have mentioned already. You can trade Bitcoin, as well as stocks, CFDs and commodities, so it’s more of a traditional trading platform. One of the downfalls when trading cryptocurrency on eToro is the spreads, for example you will pay 0.75% on Bitcoin and 1.9% on Ethereum.
Once purchased, you can transfer your crypto assets to their own eToro wallet. However, if you want to do this you will need to send your initial funds via a bank transfer. If you deposit into your eToro account via debit or credit card you will have to wait 180 days until you can transfer your crypto from the platform.
These are only a few options available for residents in Ireland to buy Bitcoin. Some of the other exchanges I would recommend for you to check out are Kraken Exchange, FTX, UniSwap (Only for Ethereum ERC20 based tokens).
Again, as I said don’t let the tech put you off. Get the ball rolling, maybe consider buying a few Euros of Bitcoin or Ethereum to get your feet wet. If you have any questions, please feel free to put them in the comments below.
Please Note: Some of the links in this article are affiliates, they wont cost you anything to use, but will support this website and YouTube channel Every Bit Helps.
The Philippines is traditionally a cash-based country, however, tech-savvy Filipinos are quickly adopting the use of Bitcoin and Cryptocurrency. In fact, Binance’s Changpeng Zhao has described the Philippines as “one of the most active crypto communities in Asia”.
Thousands of pawnshops and 7/11s are now enabling cash deposits and withdrawals to and from verified exchanges such as Abra. Allowing for more convenient payments without having to open a bank account.
One of the reasons for Filipinos embracing digital currencies is the ease of use but also due to the general low income in the region. A number of banks in the Philippines require monthly deposits to open an account. However, most salaries are cash in hand and are not enough to meet these requirements.
Crypto is also popular amongst Overseas Filipino Workers (OFWs) who currently make up 10% of the Phillippines GDP. Often OFWs will send remittance back to their families. Usually this would incur high transaction and transfer fees from banks or the likes of Western Union. However, by using cryptocurrencies can reduce these fees to a few cents.
There are currently 17 licensed exchanges that can be used in the Philippines. All have different features, fees, transaction methods and verification processes.
Binance’s Changpeng Zhao describes the Philippines as “one of the most active crypto communities in Asia” and it’s the perfect way to sum up the country’s blend of high adoption amid relatively low affluence.
How to Buy Bitcoin in the Philippines?
If you are living in the Philippines or an OFW and are interested in joining the Bitcoin revolution yourself. I have put together some of the most popular and trusted cryptocurrency exchanges below. Depending on your location some of these exchanges may have sign-up restrictions.
First up we have one of the most crypto popular platforms to buy Bitcoin in the Philippines Coins.ph. Coins.ph is a SE Asian fintech, trusted by over 10 million Filipinos. It is the first virtual currency provider in the Philippines to be licensed by the BSP.
Plus it is also the first-ever blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Around 60% of Filipinos in 2021 still do not have access to a bank account. The mission of Coins.ph is to enable anyone (including those without a bank account), to easily access financial services directly from their phone, including the trading of cryptocurrency.
With this exchange, you are able to buy BTC, ETH, BCH, and XRP with or without a bank account. You can cash in using either your bank account, Gcash, Paymaya.
Alternatively, you can use a payment centre, with cash, at places like 7 Eleven or Western Union. Once you have cashed in, you can easily convert your PHP to Bitcoin. Simply type in the PHP you want to spend and confirm by swiping if you are happy with the conversion rate.
Fees for cashing in will be charged depending on your chosen payment method. 7-Eleven, Cebuana, M Lhuillier or GCash for no fees, or UnionBank for a fee rebate whereas with Paymaya there will be a small fee of around 12 PHP for cash-ins.
Again, depending on your service, this will be similar to cashing out. Bitcoin transfer fees will be dependent on how busy the network is.
All current fees are displayed within their app for you to review before purchase. Should you wish to host your crypto in an external wallet, there are fees to transfer.
However, it can be held within Coins.ph. You have 3 options of fees for the transfer- the higher the fee, the quicker the miners will work to transfer this for you.
Binance Exchange is the most popular trading platform in the world, with a large selection of cryptocurrency’s to trade. One of the main benefits to trade crypto on Binance, is there low trading fees. However, watch out for their withdrawal fees, they can be high depending on the digital assets you would like to withdraw.
The exchange was founded in China by Changpeng Zhao, also known as CZ. However, in advance of the Chinese government ban in 2017, Binance moved its servers and headquarters to Japan. It’s unclear in 2021 where Binance HQ is currently located. When asked in an interview in 2020, CZ said “Wherever I sit, is going to be the Binance office. Wherever I need somebody, is going to be the Binance office,”
Their P2P platform is a peer-to-peer cash-to-crypto trading platform that supports 31 FIAT currencies globally, now including PHP. Users in the Philippines can buy and sell BTC, ETH, BNB, USDT, EOS, and BUSD using PHP. Plus they can have their crypto assets transferred (using an escrow service) to a Binance wallet with zero transaction fees.
To buy Bitcoin with Binance, first you will need to pick your seller on the platform. Then you can choose various supported payment methods including bank transfer, Paypal, Western Union, and even GCash.
Binance actively searches for local merchants with reliable crypto and FIAT access. They offer benefits, VIP discounts, ad transactions and postings, and security deposits without any fees.
As this is peer-to-peer trading, the buy/ sell rates will differ. However, as mentioned, Binance does offer zero transaction fees.
PDAX is a BSP-regulated exchange that lets you trade Bitcoin, Ethereum, and other cryptos directly using PHP. Established in 2017, its mission is to bring easy access financial services to Filipinos using their online platform and recently launched a mobile app.
Once you’ve set up your free account you will need to verify this to use the services.
Once you have been verified, for payment, you are able to use PHP. Or you can transfer your crypto from other platforms to start buying Bitcoin. To cash in with PHP, you are able to transfer using the online wallets GCash and PayMaya or from your credit or debit card. You are also able to cash in over the counter via bank deposit.
When you have funds in your primary wallet, you will need to move your funds into your exchange wallet and go to your trade tab to find your BTC/PHP trading pair.
There are no fees for cashing in or cashing out associated with PDAX. Although your bank may charge for these transactions. In terms of trading, for market orders, this is 0.5% and for Limit orders, this is 0.4%.
Crypto.com was founded in 2016 and was formerly known as Monaco. The company has its headquarters in Switzerland and with offices in Hong Kong and Singapore.
Crypto.com offers a suite of crypto-related products such as spot, margin and derivatives trading. Recently they have added DeFi products with their Earn and Swap features. Plus by staking their CRO token you can take advange of their Syndicate, Supercharger features and receive discounts on Crypto Loans.
The exchange itself trades crypto to crypto, meaning that you will not be able to buy Bitcoin using PHP.
To start trading, you’ll need to deposit cryptocurrency into the exchange. To do this, you can use the Crypto.com app to either transfer your existing tokens. If you don’t already have any crypto to trade with you can purchase Bitcoin with PHP via bank transfer or credit/debit card.
If you want to buy Bitcoin using your existing crypto, you can easily deposit for free into the Crypto.com exchange.
The exchange hosts 3 markets- Bitcoin, USDT, and CRO. To buy Bitcoin, you need to go into this market and find the crypto pair for Bitcoin.
Crypto.com fees work on a maker/taker framework which is also dependent on your 30-day trading volume. the fees range from 0.036% to 0.10% for a maker fee and from 0.090% to 0.16% for a taker fee. Previously Crypto.com has been known to run promotions boasting 0% fees.
Coinbase is a platform where you are able to buy, sell, and trade cryptocurrency. There are currently over 30+ million users worldwide who are using the platform to buy and trades crypto.
As a Filipino resident, the platform only allows crypto to crypto conversions. Meaning you will be able to buy Bitcoin using other cryptocurrencies that you have transferred onto the Coinbase platform, but not FIAT.
Please also note that Coinbase is an exchange and you do not have access to your private keys. An exchange is far more likely to be hacked, so keep your Bitcoin offline and in a wallet. Ideally with access to your private keys. To find out more, check out my tutorials on Ledger, Trezor or Exodus wallet.
Coinbase is great for beginners but does have higher fees than some of its competitors. The platform has an up to 2% spread fee for crypto conversions dependent on fluctuations in the market.
Users can also use their trading platform, Coinbase Pro (for free) where the platform is a little more complex. Fees on Coinbase Pro will be cheaper compared to Coinbase, but it’s still a lot more expensive compared to Binance Exchange for example.
The Gemini exchange is again a US-based crypto exchange, where you are able to buy, sell and store your digital assets. The exchange was launched in 2015 in the US by Cameron & Tyler Winklevoss twins. However, recently expanded across Asia and is now also available in the Philippines.
Similar to Coinbase, Gemini offers customers $10 of free Bitcoin at sign-up. Once signed up and your account is verified, you can go on to deposit your funds. Gemini supports free deposits in USD and does not charge for Wire Transfers although your bank may do so. It’s also worth checking your PHP to USD exchange rate along with fees associated beforehand.
Once you have deposited your USD, you will be able to buy Bitcoin, Etheruem, XRP, Cardano, EOS, and Stablecoins like DAI and GUSD.
The Gemini fee structure depends on the way that you are accessing their site and also the payment method you choose. Gemini will also charge quite high fees for credit or debit card payments at 3.49% due to the convience.
These fees can be reduced by using their more advanced trading platform, named Gemini ActiveTrader. This platform is inbuilt into the Gemini exchange and you can reduce your trading fees by paying a maximum of 0.35%.
eToro is a popular, user-friendly platform where you can instantly and easily start trading cryptocurrency. The platform is regulated by the FCA and has over 10 million users worldwide. Their platform trades in USD. However, you can deposit in PHP with a conversion fee associated with this (depending on the PHP/USD exchange rate).
To deposit into eToro you must make an initial deposit of $200 dollars (roughly 10,000 PHP). You can do this using Paypal, PayMaya, Local bank (Via dragon pay in PHP), debit card (USD), Skrill, wire transfer, or Union Pay.
Once you have deposited, using eToro is simple. Functionalities include the ability to track real market trends, use a CopyTrade service to copy other user’s portfolio investments.
Plus you can even use a virtual ‘practice’ trading platform. To buy Bitcoin, make sure you are in your ‘real’ dashboard. Then search for Bitcoin, and input the amount you wish to purchase.
eToro is free to make an account and has no management or tracking fees. The platform does not charge for deposits however as this will need to be in USD, you will have a conversion fee.
In terms of trading, the only fees are spread fees which for Bitcoin is currently 0.75% and 1.9% on Ethereum. If you would like to withdraw funds from the platform, there is a $5 fee to do so.
When buying your Bitcoin or other cryptocurrencies, its not recommended to keep your crypto assets on an exchange. This is because an exchange with lots of assets on there is a far more likely target for hackers. Also, without access to your private keys you have less control over your funds.
The most secure way to store your crypto is on the likes of a hardware wallet such as Ledger or Trezor. These wallets keep your crypto secure offline and away from any potential harm. However, these do come at a cost.
If you are looking for a free wallet with access to your private keys, you can look at the likes of Exodus or Atomic Wallet which are mobile and desktop wallets.
Please Note: Some of these exchanges are extremely busy ATM, so if you have any questions there may be some delays from customer support. Also, some links are affiliates and may not work depending on your location.
Getting started and learning about Bitcoin, Cryptocurrency and Blockchain can be a long and complex task. If you’re anything like me and find it easier to learn about a subject by watching YouTube videos or documentaries on the subject, then here is a list I’ve compiled of my top 10 crypto-related documentaries. Depending on your location my top 10 must-watch bitcoin and blockchain documentaries can be found on likes of Netflix, Amazon Prime, and even free on YouTube and should help you learn about history and technology.
I’m sure there are plenty of Crypto and Bitcoin-related documentaries I have missed. So, if there are any you feel should be added to the list please let me know in the comments below!
1. Banking on Bitcoin
Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. The film shows the players who are defining how this technology will shape our lives.
Banking on Bitcoin documentary was released on Netflix in 2016 and provided many people with their first introduction into the world of cryptocurrency. It stars many of the Bitcoins early adoptors such as Charlie Shrem, Erik Voorhees, and the Winklevoss twins. Director Christopher Cannucciari is currently working on another Bitcoin-related documentary, ‘The Search for Satoshi’.
Director: Christopher Cannucciari
2. Magic Money: The Bitcoin Revolution
Magic Money is a documentary film which explores the mysterious origins of Bitcoin. Staring Bitcoin celebrities Roger Ver and Tony Vays, it looks into the world’s first digital currency Bitcoin and how its role in society, and how this digital currency could reshape the future of our world. For the first time in history, money is no longer controlled by banks and governments, but by the people.
Director: Tim Delmastro
3. The Bitcoin Gospel
Is Bitcoin the blueprint for a bankless currency, or the biggest pyramid scheme ever? What if we could create money ourselves, without the need for banks? Money that can’t be forged, that will appreciate rather than depreciate, and that can be used worldwide without transaction costs. It exists, and some people consider it to be the digital version of precious Gold: Bitcoin.
4. The Blockchain and Us
When the Wright brothers invented the airplane in 1903, it was hard to imagine there would be over 500,000 people traveling in the air at any point in time today. In 2008, Satoshi Nakamoto invented Bitcoin and the blockchain. For the first time in history, his invention made it possible to send money around the globe without banks, governments or any other intermediaries.
Director: Manuel Stagars
5. Bitcoin End of Money as We Know It
For anyone who has not fully understood the controversial Bitcoin yet, this is a concise and informative crash course about Money and Crypto Currencies.
Directors: Torsten Hoffmann (co-director), Michael Watchulonis (co-director)
6. The Rise and Rise of Bitcoin
A computer programmer becomes fascinated with the digital currency Bitcoin, and through his involvement in the Bitcoin community, we learn about the impending global impact of this amazing new technology.
Director: Nicholas Mross
7. Ulterior States [IamSatoshi Documentary]
Ulterior States, an IamSatoshi production, is an argumentative documentary project. The participatory development, production and post ‘guerilla-film-making-methods’, bounced between (non-academic) literature research, video interviews, and studio sessions. This investigative process allowed having real-life conversations with some thought leaders within the Bitcoin ecosystem. In an attempt to portray the community behind the message to adopt a network, being a one-man team allowed for easier access to the subjects. The enthusiasm and commitment that saturate through the lens in many parts of the film, expose how the adopters of Bitcoin want to explore, to probe and, to show the world, something important, otherwise overlooked.
8. The Bitcoin Phenomenon
Produced for SQ1.tv, this Bitcoin documentary looks at the history, the ideologies, and the conflict between the politics of the early-adopters and the VCs/entrepreneurs pushing to take Bitcoin mainstream. SQ1.tv interviewed many of the leaders in the Bitcoin movement including Gavin Andresen, the former lead developer; Jeremy Liew, a venture capitalist; Erik Voorhees, one of the notable libertarians in the movement; Fred Ehrsam, co-founder of Coinbase; Peter Vessenes, head of the Bitcoin Foundation.
9. Deep Web
A feature documentary that explores the rise of a new Internet; decentralized, encrypted, dangerous and beyond the law; with particular focus on the FBI capture of the Tor hidden service Silk Road, and the judicial aftermath.
10. Bitcoin: Beyond the Bubble
Struggling with the jargon-filled world of Bitcoin then Bitcoin: Beyond the Bubble is for you. The film also examines other forms of money throughout history like Gold, Silver and the US dollar. And Bitcoin is just seen as the next obvious evolution of money.
I hope you find my top 10 Bitcoin documentaries list helpful! If you feel I have missed a must-watch documentary related to Bitcoin, Blockchain or Crypto, please let me know in the comments below and I will add them to the list.