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Ireland

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Ireland

Buy Bitcoin safely and instantly in Ireland through our trusted exchange affiliates and partners.

How to buy Bitcoin

Buying Bitcoin in Ireland is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".

Where to buy Bitcoin

Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in Ireland. Buy Bitcoin Finder gives order placement preference to exchanges located in Ireland, or exchanges that enable the smoothest verification for citizens of Ireland.

The Best Cryptocurrency Exchanges 

Ireland

Exchange

Available Fiat

Fees

Top Benefits

Get Started

  • USD
  • EUR
  • +25 more
0.1%
  • The best exchange in the world to trade cryptocurrency
  • Binance offers margin trading, futures and various Bitcoin and crypto pairs
  • Easy to use interface for new traders
  • USD
  • EUR/GBP
  • + Many more
Credit/Debit Card 3.99% or 1.49%
  • Easy way for newbies to buy Bitcoin and crypto
  • Instant buy available with a debit card
  • The largest and most trusted exchange worldwide
  • USD
  • EUR/GBP
  • + 5 more
Maker 0.16% - Taker 0.26%
  • Very low fees for traders. 0.25% maker and taker fees
  • Best in class for security and data protection
  • Great volume for traders needing liquidity

Compare the best exchanges

You can find and compare the best cryptocurrency exchanges in Ireland below. Get a detailed view of which Bitcoin exchange is the best fit for you in Ireland.

We have also listed and compared the best Bitcoin Futures Trading exchanges in Ireland, where you can trade Bitcoin with up to 125x leverage.

San Francisco, United States
Overall Rating 
5
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Easy to use, fast and secure.

Residents of the United States, United Kingdom, Australia, Canada and other countries can use Coinbase to buy Bitcoins and other cryptocurrencies using a debit card or credit card.

Coinbase provides a simplistic user interface that delivers bitcoins to your account instantly when you buy using a debit card. Coinbase generally charge a fee of 3.99% per transaction. Get $13 AUD free Bitcoin when you sign up through this link and deposit over $130 AUD.

Pros

  • Easy way for newbies to buy Bitcoin and crypto
  • Instant buy available with a debit card
  • The largest and most trusted exchange worldwide

Cons

  • Fees can be high with debit card purchases only.

Payment Methods

Bank Transfer (ACH)
Bank Transfer (SEPA)
Credit Card
Debit Card
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
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Buy Bitcoin with Coinbase

San Francisco, United States
Overall Rating 
5
/5
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Best in class for security and data protection.

Kraken was founded in mid-2011 by long time Bitcoin advocate Jesse Powell and has grown to become one of the world's largest exchanges. Based on volume alone, they are the largest exchange in Europe and the United Kingdom.

Kraken is one of the most trusted exchanges worldwide.

Pros

  • Very low fees for traders. 0.25% maker and taker fees
  • Best in class for security and data protection
  • Great volume for traders needing liquidity

Cons

  • User interface can be confusing to newbies

Payment Methods

SWIFT
Bank Transfer (ACH)
Bank Transfer (SEPA)
Bank Wire
Ease of Use
4
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
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Buy Bitcoin with Kraken

Austria
Overall Rating 
4.5
/5
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Access to Bitcoin across most European countries

Bitpanda is a Bitcoin and crypto broker that is based in Austria, Europe. The exchange has become extremely popular across Europe and is available in most countries. Bitpanda is well designed, easy to use and offers managed wallets to hold your Bitcoin.

Bitpanda has a wide variety of payment methods for users, including credit and debit cards, Skrill, SEPA, and online bank transfer.

Pros

  • Clean and easy to use interface
  • Available across most of Europe
  • Trusted brand

Cons

  • Fees are included in buy price, so not transparent

Payment Methods

Bank Transfer (SEPA)
Credit Card
Debit Card
SWIFT
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
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Buy Bitcoin with Bitpanda

Tel Aviv, Israel
Overall Rating 
4.5
/5
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Buy Bitcoin with a Debit Card or Credit Card Instantly

Coinmama allows users from any country around the world to buy Bitcoin using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.

If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee.

Pros

  • Buy Bitcoin with a Debit Card and Credit Card in any country
  • Highest limit to buy Bitcoin using a Credit Card
  • Reliable and trustworthy exchange

Cons

  • Relatively high fees when using a Debit Card or Credit Card

Payment Methods

Credit Card
Debit Card
Bank Transfer (SEPA)
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
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Buy Bitcoin with Coinmama

Malta
Overall Rating 
5
/5
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The premier exchange for Bitcoin traders

Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange. They offer the best platform for crypto to crypto trades if you are looking to boost your Bitcoin holdings and stack some satoshi’s.

Buy Bitcoin Finder recommends Binance as the best place to trade Bitcoin against other cryptocurrencies for the lowest fees and the deepest liquidity. Binance also offer a Bitcoin Futures trading platform with up to 125x leverage.

Pros

  • The best exchange in the world to trade cryptocurrency
  • Binance offers margin trading, futures and various Bitcoin and crypto pairs
  • Easy to use interface for new traders

Cons

  • Fees for day traders can get expensive if you do not trade using Binance coin

Payment Methods

Credit Card
Debit Card
Bank Transfer
+ Many more
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with Binance

Global Peer-to-Peer Network
Overall Rating 
4
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Peer to peer (P2P) Bitcoin exchange

Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.

Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.

Pros

  • The best choice for privacy
  • Requires no personal information
  • Instant purchases available with cash

Cons

  • Users must be careful of scams
  • Slightly higher Bitcoin price than exchanges

Payment Methods

Bank Transfer
Cash
SWIFT
+ Many more
Ease of Use
3
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with Local Bitcoins

Isle of Man
Overall Rating 
4
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

CoinCorner is a long running Bitcoin exchange that is bade in the Isle of Man. As an exchange, they are one of the most widely available on-ramps for Bitcoin with users in the United Kingdom, most of Europe, New Zealand, CanadaAustralia, South Africa and certain Asian countries.

CoinCorner offer a variety of payment methods to onboard and require no verification or KYC for purchases under 100 pounds.


Pros

  • Trusted company based in the UK
  • Instant credit card purchases
  • Diverse payment options

Cons

  • 1% fee is higher than standard
  • No transparent pricing before sign up

Payment Methods

Bank Transfer
Credit Card
Debit Card
+ Many more
Ease of Use
4
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
3
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
4
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with CoinCorner

Cork City, Ireland
Overall Rating 
3.5
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Ireland's leading cryptocurrency exchange

Bitcove is a fast and easy way for Irish locals to buy Bitcoin as well as other cryptocurrency solutions. Operating out of Cork City, Ireland - Bitcove is one of the only local options to convert Euro dollars into Bitcoin in Ireland.

Pros

  • Ireland based exchange

Cons

  • Not very well known
  • Their UI is outdated
  • Fees can be excessive

Payment Methods

Bank Transfer
Bank Transfer (SEPA)
SWIFT
Ease of Use
3
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
3
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
3
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with Bitcove

Hong Kong
Overall Rating 
4
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Based in Hong Kong, Bitfinex has been one of the longest running and largest USD and USDT (Tether) based Bitcoin exchanges around the world. Bitfinex is a go to exchange for institutional investors, with bank wires being one of the only options to onboard with the cryptocurrency exchange.

Notably, In August 2016, Bitfinex was involved in one of the larger hacks in Bitcoin and cryptocurrency when the lost around 30% of all user funds.

Pros

  • A good option for institutional investors
  • Low maker and taker fees

Cons

  • Has been hacked before
  • Limited payment options

Payment Methods

Bank Wire
Ease of Use
4
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
4
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with Bitfinex

Global P2P Exchange
Overall Rating 
4
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Decentralized Bitcoin exchange

HodlHodl is a global peer to peer Bitcoin exchange, which only requires an email to register. Hodl Hodl have no KYC and are one of the most private exchanges to use alongside other peer to peer exchanges like LocalBitcoins

Pros

  • Buy Bitcoin with no KYC
  • Bitcoin is at competitive prices

Cons

  • Can take a while to buy Bitcoin
  • Relatively new exchange

Payment Methods

Bank Transfer
Cash
Bank Wire
+ Many more
Ease of Use
4
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
4
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
4
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Buy Bitcoin with HodlHodl

Worldwide
Overall Rating 
5
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Industry Leading Bitcoin Futures Trading Platform

Binance has created an industry leading Bitcoin Futures trading platform that allows users to trade Bitcoin, Ethereum and more against Tether (USDT) with up to 125x leverage. You can open a Binance Bitcoin Futures account anywhere around the world in minutes and gain access to deep liquidity, fast execution and an array of different features.

Binance have the lowest fees for Bitcoin Futures trading and if you sign up through this link, you will get 10% taken off your trading fees.

Pros

  • Very low trading fees
  • Deep liquidity on Bitcoin and other cryptos
  • Up to 125x leverage for futures trading

Cons

  • You can only trade against Tether (USDT)

Payment Methods

Cryptocurrency
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Trade Bitcoin Futures on Binance

Singapore
Overall Rating 
5
/5
5 Star Buy Bitcoin Rating4.5 Star Buy Bitcoin Rating4 Star Buy Bitcoin Rating3.5 Star Buy Bitcoin Rating3 Star Buy Bitcoin Rating

Bitcoin futures trading platform with 100x leverage

Bybit is a Bitcoin and cryptocurrency futures trading and derivatives exchange that launched in Singapore toward the end of 2018. The Bybit exchange enables traders to trade cryptocurrency perpetual and futures contracts with up to 100x leverage.

Bybit is known for its impressive matching engine, which is capable of up to 100,000 transactions per second. They offer an easy sign up process, great liquidity, a mobile app and most importantly a secure and trusted futures trading platform.

Pros

  • Easy to use mobile app
  • Great liquidity on cryptocurrencies
  • Well known and trusted brand

Cons

  • Not a wide variety of cryptocurrencies

Payment Methods

Bank Transfer
Bank Wire
Cryptocurrency
Ease of Use
5
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
4
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Trade Bitcoin Futures with ByBit

Cayman Islands
Overall Rating 
4.5
/5
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The longest running Bitcoin futures trading platform

BitMEX is one of the longest running and most popular Bitcoin futures trading and Bitcoin derivatives platforms around the world. Unlike many other exchanges, BitMEX offers both perpetual swap contracts and Bitcoin futures contracts.

Signing up to BitMEX is easy, all you will need is an email address, password and country of residence. Fees on the platform are low and futures contracts generally incur a 0.05% fee to settle.

Pros

  • Up to 100x leverage
  • "Sandbox" environment to practice
  • Good liquidity for Bitcoin futures

Cons

  • Complaints about network latency
  • Liquidation engine has been problematic in the past

Payment Methods

Cryptocurrency
Ease of Use
4
/5
5 Star Buy Bitcoin Rating for Ease of Use4 Star Buy Bitcoin Rating for Ease of Use3 Star Buy Bitcoin Rating for Ease of Use
Privacy
5
/5
5 Star Buy Bitcoin Rating for Privacy4 Star Buy Bitcoin Rating for Privacy3 Star Buy Bitcoin Rating for Privacy
Fees
5
/5
5 Star Buy Bitcoin Rating for Fees4 Star Buy Bitcoin Rating for Fees3 Star Buy Bitcoin Rating for Fees
Reputation
5
/5
5 Star Buy Bitcoin Rating for Reputation4 Star Buy Bitcoin Rating for Reputation3 Star Buy Bitcoin Rating for Reputation

Trade Bitcoin Futures with BitMEX

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Rating 
5
/5
Easy of Use
5
/5
Privacy
5
/5
Fees
5
/5
Reputation
5
/5
Payment Methods
  • heef
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The State of Bitcoin in Ireland

History of Bitcoin in Ireland

With the rapid emergence of blockchain solutions, the market of cryptocurrencies is developing significantly, especially Bitcoins. Initiated in 2009, Bitcoin is a digital currency that has led the cryptocurrency market for almost a decade now. 

However, the developer’s true identity has stayed anonymous under the alias Satoshi Nakamoto, it is no surprise that it has changed the world, especially Ireland’s financial markets. 

Interestingly, only a handful of people in Ireland knew about Bitcoin when it first came out. However, now people are obsessively monitoring the development of the crypto-market. Valued at over $100 Billion; equivalent to around 30% of Ireland's GDP, the huge market can aid in the development of the economy of any country. 

Conversely, Ireland’s government has been cautious regarding the rapid emergence, especially due to the largely unmoderated nature of the digital currency market. 

Some active interest groups have emerged in Ireland such as the Irish Bitcoin Association and the Blockchain Association of Ireland that helps educate organizations to understand the technology and envision financial institutions and businesses to integrate as well as promote the technology. 

Through the efforts of organizations and bitcoin users in Ireland, a Dublin based retail IT company introduced Ireland's first-ever Bitcoin ATM in 2014. Located on Abbey Street, Dublin, this machine enables users to deposit physical cash into the ATM in exchange for Bitcoins.

After years of analysis, and the significant increase of cryptocurrencies and Bitcoin owners in Ireland, the Irish Department of Finance published a paper that intensively analyzed the impact and mechanism of Blockchain technology. 

Moreover, in 2018, the Irish Department of Finance established an inter-departmental taskforce that actively innovates on developing measures that encourage innovations as well as addresses risks to consumers, investors, and businesses.

There are no specific cryptocurrency regulations or prohibitions in Ireland, however, the Central Bank of Ireland has issued a warning concerning ICOs and cryptocurrencies.

Accessing the Popularity of Bitcoin in Ireland – Businesses that accept Bitcoin

Ireland has undoubtedly one of the most innovative economies. Popular for its tech exports and foreign direct investment net flows, Ireland has the 10th most innovative economy. Research illustrates that over 120,000 Irish citizens own Bitcoin.  

The growing interest in Ireland can be attributed to the emergence of Blockchain solutions, which have aided in building a stronger presence. With Irish companies claiming to be funded solely by Bitcoins. Hundreds of companies and stores accept Bitcoin as their primary means of payment today.

These companies include: 

GSM Solutions

Founded in 1995, GSM Solutions was established with a concept to provide the best GSM services for the Irish market. Started with mobile phone unlocking and basic repairs, GSM Solutions catered for Dublin based businesses as well the general public on a call out bases. 

They have rapidly developed and expanded its diverse range of products and services in response to the growth of the mobile phone market as well as the cryptocurrency market in Ireland. Observing the growth of Bitcoin, GSM Solutions enables users to use bitcoins as a form of payment for virtually every service.

The Ring Farmhouse

Offering warm and friendly accommodations in a peaceful setting, The Ring Farmhouse assures comfort with a wide variety of rooms decorated with several commodities and services. The Ring farmhouse has embraced bitcoin. 

The Farmhouse company accepts Bitcoin in exchange for its set of comfortable rooms surrounded by various attractions and activities.

Visiconnex

Visiconnex serves as one of the best monitoring centers in Ireland. Visiconnex is a licensed monitoring center that specializes in the moderation of CCTV and several other security measures. Founded in 2004, they currently provide services to some of the top-performing multi-national companies in Ireland as well as accept Bitcoin as a source of payment.

Mining Bitcoin in Ireland

A majority of Bitcoin holders are accommodated by crypto exchanges when it comes to getting digital currencies. However, some tech-savvy holders prefer to mine Bitcoins. Every Bitcoin that have been generated to date were mined using special software run on very powerful computers. 

The process can be quite computationally expensive as it involves a lot of coding, software development, management, electricity, and resources. Interesting there are no restrictions in Ireland on the mining of cryptocurrencies as of date. 

Conversely, Mining in Ireland can be expensive. The process tends to require a lot of power, with transactions using almost 300KWh of electricity. Moreover, studies have shown that Bitcoin's mining network has reported using more electricity than the whole of Ireland.

Conclusion

The market of cryptocurrency continues to rapidly emerge as blockchain solutions develop. With Bitcoin leading the cryptocurrency market in terms of capitalization and volume of trading. With several Irish citizens investing in Bitcoin, Ireland will continue to serve as one of the world's most innovative economies.



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