Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Allied Irish Bank offers its clients a secure route to explore the cryptocurrency world through accredited platforms. This initiative highlights the bank's commitment to providing a safe avenue for clients to delve into the dynamic domain of digital currencies.

For individuals seeking to enrich their investment portfolios, eToro unveils a broad spectrum of over 4,500 digital assets, equities, commodities, and ETFs. eToro supports deposits in various currencies, such as EUR and GBP, from Allied Irish Bank accounts and credit cards, ensuring a smooth investment experience.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro Europe
eToro Europe

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with Allied Irish Bank?

Allied Irish Bank enables its clients to embark on digital currency ventures by facilitating the transfer of funds to exchanges that adhere to European regulations. This approach guarantees a safe investment environment in line with rigorous Irish financial standards.

It's crucial to recognise that Allied Irish Bank does not offer an in-built crypto wallet within its banking solutions. Clients interested in acquiring and managing digital assets are advised to use reputable European exchanges that comply with Europe’s regulatory framework.

How to Buy Crypto with Allied Irish Bank

Allied Irish Bank simplifies the process of buying cryptocurrencies by permitting its clients to transfer funds to compliant exchanges, thus assuring the security of transactions. Platforms such as eToro, which comply with European financial regulations, provide a reliable setting for depositing EUR through various methods, including bank transfers and credit card payments.

  1. Initiate and validate your eToro account with your personal information.
  2. Head to 'Deposit Funds,' select your preferred payment method, and execute a transfer from your Allied Irish Bank account.
  3. Utilise the search function to locate the token of your choice and choose 'Trade.'
  4. Specify the investment amount and finalise your purchase by selecting 'Open Trade.'
How to Buy Crypto with Allied Irish Bank

Does Allied Irish Bank Block Crypto Transactions?

No, Allied Irish Bank does not freeze fund transfers to authorised platforms. It facilitates transactions to regulated investment platforms, contributing to the expansion of the digital currency ecosystem. The bank ensures the safe transfer of funds to exchanges regulated by the Cyprus Securities and Exchange Commission (CySEC), enabling secure investments.

Allied Irish Bank endorses interactions with platforms that stringently adhere to KYC and AML protocols, mirroring the bank's dedication to securing financial transactions within the cryptocurrency space.

Digital Asset Investing Fees

Using digital asset exchanges requires understanding the fees involved, which is crucial for platforms like eToro's operation. Here is a brief overview of eToro's fee framework:

  • Funding Fees: Topping up your eToro account can bring some fees into play. For instance, if you're depositing in USD, that's free of charge, but if you deposit Euros, expect a fee ranging from 1.5% to 3%.
  • Withdrawal Fees: eToro sets a flat $5 fee for withdrawing fiat currencies. If you're transferring out cryptocurrencies, the fee adjusts based on the current network congestion.
  • Trading Fees: Engaging in trades on eToro means a 1% fee plus a spread, which is the gap between an asset's buy and sell prices. These costs can vary depending on the selected asset.

For those who trade frequently or invest heavily, eToro's tiered membership could be a game-changer, offering perks like lower fees and personal account managers for institutional investors.

Closing Thoughts

Allied Irish Bank's alignment with international financial norms and its alliances with reputable platforms like eToro presents a secure path for clients keen on the crypto market. Although Allied Irish Bank doesn't provide direct trading capabilities, it assures the safe transfer of funds to regulated exchanges, affirming its position as a reliable banking partner in the digital investment sphere.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

View posts

Featured Guides

Learn more with some of the featured guides recommended by our analysts.

Dive into Berachain, where DeFi meets innovation through EVM compatibility, a novel liquidity consensus, and integrated DeFi applications.
Chris Wheelan
May 18, 2024
Research

What is Berachain?

Dive into Berachain, where DeFi meets innovation through EVM compatibility, a novel liquidity consensus, and integrated DeFi applications.

Explore how EigenLayer Restaked Points measure user contributions with ETH staked, impact EIGEN token distribution, and face geo-restrictions.
Richard Zhang
Apr 30, 2024
Research

What are EigenLayer Restaked Points?

Explore how EigenLayer Restaked Points measure user contributions with ETH staked, impact EIGEN token distribution, and face geo-restrictions.