Beginner's Guide To Buy Crypto With Allied Irish Bank
Mike Harry
Feb 2024
4 min to read
Fact checked
Summary: You can’t buy Bitcoin or other cryptocurrencies directly from Allied irish Bank. Instead, you can do a free GBP bank deposit to a FCA-regulated cryptocurrency exchange. We suggest using eToro as it's regulated, beginner friendly and offers 1000s of digital assets including Bitcoin, Ethereum, Solana, Doge and many others. Signup takes minutes and you can then safely invest in your preferred cryptocurrencies!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I buy crypto or Bitcoin with Allied Irish Bank?
Like most banks, Allied Irish Bank does not operate a cryptocurrency exchange which means that you can't buy cryptocurrencies through their platform.
You can however safely deposit funds to regulated cryptocurrency exchange like eToro and buy via their platform.
How to buy Crypto with Allied Irish Bank?
The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with an Allied Irish Bank account, we recommend signing up to eToro due to their user-friendly interface and wide range of digital assets.
Signing up is quick, easy and free of charge. After successfully signing up, you can easily connect your AIB bank account and initiate your first USD deposit.
Deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into your eToro account, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Solana, among others.
Signup in minutes
1. Create Account: Signup and add your identity verification. 2. Deposit Funds: Via your Allied Irish Bank account or credit/debit Card. 3. Start Buying: Once your deposit has reached your account.
Is AIB crypto friendly?
AIB is not known to be a particularly crypto friendly bank but it does allow its customers to engage with and use regulated cryptocurrency exchanges.
Does AIB support cryptocurrency?
There are no limitations for Allied Irish Bank customers to connect their bank accounts in order to buy or sell cryptocurrencies with regulated cryptocurrency exchanges.
While AIB does not plan to offer crypto trading in the near future, they are assisting clients who have questions about buying from third-party exchanges.
Can I buy crypto with an AIB credit card?
Yes, customers of AIB can use their credit or debit card to deposit funds to a regulated cryptocurrency platform as long as it's regulated by FCA in the UK.
About AIB
Allied Irish Bank (AIB) stands as a dominant force in the Irish banking landscape, being one of the Big Four commercial banks in the Republic of Ireland.
While AIBs trades on the Irish and London stock exchange, the bank is a majority state-owned bank as the government owns most of the outstanding shares.
AIB offers a full range of personal, business, and corporate banking services to its over 2.8 million customers in Ireland and 100,000 in the UK.
Beyond its comprehensive range of personal, business, and corporate banking offerings, AIB extends its services to general insurance products, covering areas like home, travel, and car insurance. Their partnership with Irish Life Assurance plc allows them to delve into life assurance and pensions.
Within personal banking, AIB boasts offerings from current accounts to credit cards, personal loans, mortgages, and diverse insurance products.
For business patrons, they offer vital services ranging from business accounts to loans, credit facilities, and merchant services.
The corporate clientele isn't left behind, as AIB provides them with specialized services, such as treasury, foreign exchange, cash management, trade finance, and asset finance.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.