1. Buy Bitcoin with Fiat Currency( EUR, USD, GBP, JPY, CAD, AUD, etc.)
You can do that with a Credit card, PayPal, Bank Transfer, 3rd Party payment gateways, local payment services, cash, and more. Each way has a different process and fees, but the final result is always the same. You get Bitcoin.
2. Buy Bitcoin with Altcoin
It's an option only if you have some altcoins (Alternative crypto coins different than BTC, like LTC XMR ETH). This process requires only to provide a Bitcoin wallet, and to send the amount of altcoin by your choice. Sometimes, this method is called 'anonymous' because you do not need to provide any personal information.
The main questions about buying Bitcoin are:
- What verification is required
What are the transaction fees
What's the final amount of BTC that I will receive
How long it takes to acquire bitcoin in my wallet.
Let's talk what's the most appropriate way to buy bitcoin, how to secure your account, which payment method is better, what's your experience and expectations, do you meet any problems buying BTC, and what's the best Irish exchange to get Bitcoins.