Allied Irish Bank does not allow crypto transactions on its own platform.
You can only use an AIB account to buy crypto on a third-party cryptocurrency exchange platform.
It means investors will need to sign-up on a licensed and regulated exchange that accepts Euro or GBP deposits from AIB to buy crypto assets.
There are many exchanges to choose from, but we recommend using Binance as the best and most reliable platform to work with.
They have most of the popular cryptocurrencies available, with many features and also a fantastic support team.
They offer fast bank transfers from Allied Irish Bank to buy crypto assets with one of the lowest fee structure.
In this article, we will show you how you can buy Bitcoin, or alternate cryptocurrency with the Allied Irish Bank transfer.
Let’s get started.
How to buy crypto with AIB
To make this tutorial simple, we will guide you with Binance exchange platform, because they’re the best in terms of fees, features and security.
Maybe you should read my review on Binance crypto exchange to learn everything about platform.
Login or register an account on Binance (if you don’t have already), and follow the process below to buy Bitcoin with AIB.
- Go-to the ‘Deposit Funds’ page
- Select the amount of EUR or GBP to deposit
- Choose deposit method (e.g Bank Transfer or Debit/Credit Card)
- Complete the fund deposit procedures
- Go-to the exchange platform market
- Select the crypto to buy (i.e. Bitcoin or any Altcoin)
- Use the funds credited to purchase the cryptocurrency.
Congratulations… You have successfully purchased Bitcoin using the Allied Irish Bank!
Founded in 1966, it’s one of the ‘Big Four’ in the Ireland banking system that services both personal and business entities, including current and savings accounts, loans, mortgages, and credit cards.
AIB (i.e. Allied Irish Banks) is a commercial bank based in Dublin, Ireland.
It operates through a network of branches across Ireland and has a strong online and mobile banking presence.
It also offers services such as foreign exchange, insurance, and investment products.
AIB is a crypto-friendly banking institution in Ireland that allows customers to buy and sell digital assets through regulated platforms.
This is to say; users can safely deposit funds and invest in cryptocurrencies through licensed providers.
The fees associated with buying crypto through AIB will vary depending on the third-party exchange used.
These include transaction fees, deposit fees, and withdrawal fees, which vary based on the exchange.
As AIB Bank does not offer cryptocurrency transaction directly through its internet banking platform, you can still use with some exchanges.
However, it is also possible to buy cryptocurrency directly with AIB Bank by using licensed and regulated third-party exchanges.
We recommend using Binance as it is a trusted and regulated broker that accepts Euro or GBP deposits from AIB to invest into crypto.