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Buy Bitcoin (BTC) in Ireland With EUR | CoinJar

Bitcoin

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Overview

#01
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Currency
Asset type
2009
Active since

What is Bitcoin?

Bitcoin is the most famous cryptocurrency, and probably always will be. It has the highest market capitalisation, which is another way of saying that more people own Bitcoin than any other cryptocurrency. It was also the first cryptocurrency to be created, and this happened in 2009.

So who created this “digital gold” that now is becoming a mainstream store of value?

Strangely, the creators of Bitcoin, even to this day, remain anonymous.

The cryptocurrency was created by one person or perhaps a group of people who called themselves “Satoshi Nakamoto”. They have not been heard of since 2010, and it may be a mystery that is never solved.

Bitcoin culture

Bitcoin started its life just 13 years ago, but already there is an established culture and lore that keeps media outlets buzzing. Even in the early days, the idea of Bitcoin captivated people.

For example, the first Bitcoin purchase was for pizza. However, this has blown up into “Bitcoin Pizza Day” and is a really fun theme on the internet.

On May 22, 2010, a programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two pizzas, which was worth about US$41 at the time. Today, that Bitcoin would be worth over US$500 million. Keep in mind that the performance of bitcoin can be highly volatile, with the value dropping as quickly as it can rise. Past performance is not a guide to the future.

These days, you can buy a lot of stuff with Bitcoin. Besides pizza, you can use Bitcoin to buy things like travel, gift cards, games, art, and even space flights.

There are also many charities that accept Bitcoin donations.

When buying Bitcoin, be sure to check that you are buying coins on the original blockchain.

What are some interesting Bitcoin facts?

Bitcoin is legal tender in El Salvador. On September 7, 2021, El Salvador became the first country to accept Bitcoin as legal tender, meaning that people can use it to pay taxes, debts, and goods and services. The government also gave every citizen US$30 worth of Bitcoin to encourage adoption.

In other interesting Bitcoin news, Bitcoin has a finite supply of 21 million coins, but not all of them are in circulation. Some of them are totally lost. Sometimes this is due to forgotten passwords, lost wallets, or the death of the owners. According to crypto data firm Chainalysis, around 20% of Bitcoin has been lost or is stuck in wallets that can’t be accessed.

Bitcoin is not only a currency, but also a network of computers that run the Bitcoin software and validate transactions. These computers are called nodes, and anyone can run one. There are tens of thousands of nodes distributed across the world, with the highest concentration in the United States, Germany, and France.

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How to buy Bitcoin with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountCreate an account with CoinJar and verify your ID.
Step threeMake a purchaseBuy more than 60 cryptos using bank transfer.
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FOR PROFESSIONAL CRYPTO TRADERS
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CoinJar DCA & Bundles

AUTOMATE & DIVERSIFY YOUR PORTFOLIO
Dollar Cost Average (DCA) into individual cryptocurrencies or CoinJar Bundles. Choose your assets or Bundles with themed baskets of crypto in the CoinJar app. Use Recurring Buy to set up automated weekly, fortnightly, or monthly purchases at your chosen rate. Your CoinJar account must be funded with enough Euro to cover recurring buys.DCA with Recurring Buy

CoinJar DCA & Bundles

AUTOMATE & DIVERSIFY YOUR PORTFOLIO
Dollar Cost Average (DCA) into individual cryptocurrencies or CoinJar Bundles. Choose your assets or Bundles with themed baskets of crypto in the CoinJar app. Use Recurring Buy to set up automated weekly, fortnightly, or monthly purchases at your chosen rate. Your CoinJar account must be funded with enough Euro to cover recurring buys.DCA with Recurring Buy
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Frequently asked questions

Can I buy Bitcoin with a credit or debit card?

CoinJar Ireland as yet does not offer the purchase of Bitcoin by debit or credit card.

How do I buy Bitcoin on CoinJar?

To buy Bitcoin on CoinJar, first create an account by signing up with your email and verify your identity and address in order to activate your account.

Once your account is verified, you can deposit funds using a bank transfer. See fees here.

Select Bitcoin (BTC), enter the amount, and confirm your purchase. You can buy Bitcoin with the supported payment method, and your BTC will be added to your CoinJar wallet.

What is the easiest way to start buying Bitcoin?

To start buying Bitcoin, sign up for a CoinJar account and complete the verification process. Deposit funds via bank transfer. Then, hit the trade button and choose Bitcoin. CoinJar makes it convenient to buy crypto with a user-friendly interface, allowing you to purchase Bitcoin and store it in your wallet.

Is my Bitcoin secure after I buy it on CoinJar?

CoinJar prioritises security for your Bitcoin and other crypto assets. After you buy Bitcoin, it’s stored in a CoinJar wallet. The platform uses advanced encryption and cold storage to protect your BTC from unauthorised access. Always enable two-factor authentication (2FA) on your account for added security.

Can I transfer my Bitcoin after buying it?

Yes, after you buy Bitcoin on CoinJar, you can transfer your BTC to another wallet or exchange. Simply navigate to the "Send" option in your CoinJar account, enter the recipient’s wallet address, and confirm the transaction. Ensure the address is correct to avoid losing your crypto.

Are there other ways to buy Bitcoin, like a Bitcoin ATM?

While Bitcoin ATMs are an option for purchasing BTC, CoinJar offers a more convenient way to buy cryptocurrency. You can buy Bitcoin directly from your account using a bank transfer, without needing to locate a Bitcoin ATM. This makes CoinJar ideal for transactions.

What can I do with my Bitcoin after buying it on CoinJar?

Once you buy Bitcoin on CoinJar, you can hold it in your wallet as a long-term asset, trade it for other cryptocurrencies, or swap it for fiat currency. You can also transfer your BTC to external wallets or use it for transactions where Bitcoin is accepted.

How fast are Bitcoin transactions on CoinJar?

When you buy Bitcoin on CoinJar, the transaction is typically instant with credit card payments. The BTC appears in your wallet almost immediately, ready for trading, holding, or transferring. Blockchain confirmation times may affect external transfers.

Why choose CoinJar to buy cryptocurrency?

CoinJar is a trusted platform to buy cryptocurrency like Bitcoin. With options to buy BTC via bank transfer, a secure wallet, and a user-friendly interface, CoinJar makes buying Bitcoin accessible for all. Whether you’re new to crypto or an experienced trader, CoinJar supports your journey.

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