How to buy Bitcoin & other crypto at Allied Irish Bank?
You cannot buy Bitcoin, Ethereum or other crypto from Allied Irish Bank at the time of writing. Fortunately, by following the steps in this article, you can still buy crypto using your AIB Bank credit card without any problems.
How can you buy crypto with your Allied Irish Bank account?
Before you can buy crypto with your Allied Irish Bank account, you first need an account with a crypto exchange. A crypto exchange is a company that allows you to invest in well-known crypto such as Bitcoin & Ethereum. In the overview you can see the exchanges you can use:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Allied Irish Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Because of regulations, you need to activate your account before you can get started. You do this by answering some questions about your asset position and uploading a copy of your passport.
After going through verification, you can deposit money into your account through your Allied Irish Bank. You can transfer funds directly using your bank account or deposit funds using your AIB Bank credit card. Please note that many crypto exchanges charge additional fees when you deposit money into your account using a credit card.
After the money has been added to your account, you can place your first order. To do this, navigate to the crypto exchange you want to buy and press the buy button. Then enter the amount you want to invest and send the order to the crypto exchange. The exchange will then exchange money for the desired crypto.
What is AIB’s stance on crypto?
AIB is not anti-crypto and simply allows deposits and withdrawals from reliable crypto exchanges. Avoid using an unreliable exchange: this could result in your deposits and withdrawals still being blocked by the bank.
Which crypto to buy with your AIB bank account?
Many people ask me which crypto is best to buy with their Allied Irish Bank account. This is a tricky question to answer; in fact, as with shares, the answer is entirely personal.
Bitcoin is still by far the best known and most popular crypto. Many investors therefore choose to buy Bitcoin periodically for a fixed amount.
However, there are thousands of altcoins you can also invest in. In know someone, for example, who managed to turn a few thousand euros into more than a million euros with a speculation in Safemoon. At the same time, you see that many altcoins turn out to be scams and become worthless. It is therefore important to pay close attention when investing in lesser-known cryptocurrencies.
About Allied Irish Bank (AIB)
It probably comes as no surprise, but Allied Irish Bank (AIB) was founded in Ireland. The bank’s headquarters can be found in Dublin, but it operates almost all over the United Kingdom.
Allied Irish Bank is part of the so-called Big Four in Ireland. The bank offers various banking services including life insurance and pension products. AIB has a good reputation within the UK.
Latest crypto investment tips at Allied Irish Bank
- Invest only with money you can afford to lose
- Protect your crypto: hackers are always lurking
- Choose a reliable exchange with an official registration
- Don’t follow the latest hype, invest wisely!
- Spread your investments across different assets
Can you buy Bitcoin from Allied Irish Bank (AIB)?
It is not possible to buy Bitcoin & Ethereum directly from the AIB. Fortunately, by transferring money from your account or using your AIB credit card, you can buy Bitcoin with a crypto exchange. Right at the beginning of this article, you will find a list of crypto exchanges where you can go to buy Bitcoins.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.