In just over 14 years since it launched, Bitcoin has carved out a niche for itself in the financial sector and beyond. It is a virtual currency that exists on the internet and has no physical presence, instead relying on a blockchain to process transactions. The currency’s price is volatile, but investors have seen significant gains in recent years.

How to Buy Cryptocurrency in Ireland as long as you follow certain guidelines. For example, you must use a reputable crypto trading platform like Coinbase or eToro that has stringent KYC procedures, password protection and 2-factor authentication (2FA). Additionally, you must have a secure internet connection, avoid public WiFi to protect your computer from cyber attacks and make sure that you store your cryptocurrencies in an offline wallet.

How to Buy Cryptocurrency in Ireland: A Simple Guide

Many leading Irish and international exchange platforms facilitate debit and credit card payments, making it easy to purchase digital currencies in Ireland. However, you should note that card payments may incur additional fees and be subject to transaction limits by your bank or card issuer.

Lastly, it’s important to remember that any capital gains from the sale of crypto assets are taxable in Ireland. As such, you should keep detailed records of all your cryptocurrency transactions and report them accurately on your tax return. This applies regardless of whether you are investing in the crypto market or using your digital assets for everyday spending.