Cryptocurrency Investing in Ireland | Complete Beginners Guide (Incl. Taxes!)



So you want to start investing in crypto in Ireland? In this video we run through the basics of cryptocurrency investing in Ireland, including where to buy crypto, what platforms to use, crypto taxes, how much to invest, basic strategy tips, and more.

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💡 Key Learnings:
00:00 1️⃣ Intro
01:13 2️⃣ What is a Cryptocurrency?
02:19 3️⃣ Buying Crypto in Ireland
03:36 4️⃣ Coinbase Pros & Cons
05:00 5️⃣ Binance Pros & Cons
06:25 6️⃣ Storing Your Crypto
07:52 7️⃣ How Much To Invest?
09:50 8️⃣ Crypto Investing Strategy
12:12 9️⃣ Crypto Taxes Ireland & Tax FAQs

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📌 Topics
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36 thoughts on “Cryptocurrency Investing in Ireland | Complete Beginners Guide (Incl. Taxes!)

  • April 16, 2022 at 5:41 am
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    Can you get rewards back Coinbase card in Ireland

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  • April 16, 2022 at 5:41 am
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    Very helpful video! Do you know if the rewards in crypto are taxable in Ireland (e.g. Coinbase Earn rewards)? Generally, you can only earn small amounts in crypto and I wonder if this is taxable. I am PAYE earner and hope to avoid registering for income tax and filing Forms11/12 with 100pages for a such small rewards earned. Many Thanks

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  • April 16, 2022 at 5:41 am
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    great video. keep doing!

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  • April 16, 2022 at 5:41 am
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    Thank you for this info.

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  • April 16, 2022 at 5:41 am
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    How do you make money though?

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  • April 16, 2022 at 5:41 am
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    Hey guys, super clear video.. ..Funny, too. Really enjoyed it. A quick question though. I'm from Romania but I'm currently working in Ireland . i started with HODL crypto a while ago while in Romania, creating my Binance account with Romanian details and using my Revolut account to top up. What should be my approach from now on taxes wise? Thanks a lot

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  • April 16, 2022 at 5:41 am
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    can you do a video on BlockFI please?

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  • April 16, 2022 at 5:41 am
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    Hi guys, my mate said that on my Bitcoin and Ethereum that I would have to pay 60% tax (more than 33%), Is he talking out of his ass? Also I gifted my best mate 2000 euro worth of crypto, at the time I paid around 1500 Euro for the coins, so I had around 500 Euro profit at the time that I didn't declare to the tax man (this was about two years ago). Do I owe the taxman anything because of the gift to my friend?

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  • April 16, 2022 at 5:41 am
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    Hi guys. I’m lost as to how buying NFTs looks in terms of CGT. It seems my gains are very high based on buying NFTs on Meta Mask. When you buy an NFT with ETH is that classed as a trade? And obviously selling the NFT again at a loss doesn’t it offset that first trade? Many thanks!

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  • April 16, 2022 at 5:41 am
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    Let's say I bought crypto for €300 and sold for €1450 in 2021. My chargeable gain is €1150, so I'm under the €1270 threshold and owe €0, correct?

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  • April 16, 2022 at 5:41 am
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    Hello guys! Thank you so much for the video!!!
    I have a question. How friendly irish banks when someone withdraw 300-500 thousands to current account? I know, that you will be called to bank, to explain, where did you get this money from. Once they receive statements from coinbase (for example) with details will you be able to use your fiat normally?
    Do you have any experience with that?
    Kind Regards.

    Reply
  • April 16, 2022 at 5:41 am
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    Great video lads. I've been watching crypto videos for the last few months, and this has been the most informative one I've come across. Looking forward to watching the rest of your content. Keep up the good work 👏.

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  • April 16, 2022 at 5:41 am
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    Thank you for your great video, only thing I know how to calculate the CGT but how can I pay it, please? In the bank or post check?

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  • April 16, 2022 at 5:41 am
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    Hi lads, ive a question, if i have made a profit on the app and i havent transferred to my bank acc as fiat and just left it in the crpto app account, do i still have to declare the profit at the end of the year?

    Reply
  • April 16, 2022 at 5:41 am
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    How to withdraw money from Binance in your bank account in Republic of Ireland 🇮🇪??

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  • April 16, 2022 at 5:41 am
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    Hello guys, nice video as usual 🙂

    I have a question, how do you guys transfer money from binance to the bank account in Ireland if sepa is blocked ? 🙁

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  • April 16, 2022 at 5:41 am
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    Great video lads! only found your channel today and loving the content so far. Quick Q on Crypto mining; Is it possible to deduct the cost of the mining hardware itself when declaring CGT? or would I have to incorporate to do this? Revenue's guidelines are vague on mining in particular it seems

    Reply
  • April 16, 2022 at 5:41 am
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    This is great, thank you. Can you expand now on child washers? Will any USB drive do or do you have to buy a special encrypted drive?

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  • April 16, 2022 at 5:41 am
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    Helpful video lads. Couple of questions from a newbie. Is CGT only applicable when you sell your crypto for currency? What if you trade Bitcoin for Ethereum instead?

    What if you cashed out your crypto while on holiday in a tax haven like Jersey or somewhere like that? Wouldn’t that avoid having to pay CGT?

    Reply
  • April 16, 2022 at 5:41 am
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    Great content I currently use revolut for crypto would u recommend using binance for crypto and revolut for stocks ?

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  • April 16, 2022 at 5:41 am
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    Im hearing bad things about Binance, is coinbase safer? I have my money in revolut but there are certain issues with the platform. Made a few quid on this Cardano rise but looking for proper exchange now. Thanks

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  • April 16, 2022 at 5:41 am
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    Is it necessary to set yourself up as a solo trader? Or can you just trade cryptos and then paying the tax all by yourself?

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  • April 16, 2022 at 5:41 am
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    to the point no bs nice one guys !!

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  • April 16, 2022 at 5:41 am
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    I will hold for 15 years then withdraw it all and move permanently to Bosnia. Taxes? muhahah!

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  • April 16, 2022 at 5:41 am
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    Hey, guys thanks for the video.

    My question is regarding the following when the gain is less than 1200€ (the exception) do I still have to fill the form for the revenue?

    Example: I Only sold a share / crypto and take 1000€ for gain for the year.

    How do I declare that amount? Just 0€ for CGT? Or -200€ ? (1000€ my gain – 1200€ the exception).

    Can you explain a little bit about it. Thank you so much for your vídeos guys.

    Hope you understand.

    Reply
  • April 16, 2022 at 5:41 am
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    Good info lads. The part i'm confused about with taxes is, do I only pay taxes on profit i withdraw from the trading platform (Binance) into my bank account? Or are there taxes on trades i make on the platform too i.e if i convert bitcoin to etherium? Or sell a cryto for fiat currency but don't withdraw it into my bank account just to use it to invest in more crypto? One last thing, where do I stand if a loss is made on a trade where I sell crypto? Sorry for the long winded txt 🙂
    Thanks a mill would really appreciate your feed back.

    Reply
  • April 16, 2022 at 5:41 am
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    So what if the money is still in coinbase, do you have to pay the tax already or only when you get it back to your bank account?

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  • April 16, 2022 at 5:41 am
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    How about a video about crypto DeFi? Collateral loans like with Aave and providing liquidity like with Uniswap and the tax implications.

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  • April 16, 2022 at 5:41 am
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    Fantastic video lads, very comprehensive!

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  • April 16, 2022 at 5:41 am
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    Nice one for the video lads, really enjoying the content! Do you guys have any experience with cold wallets? I'm looking at purchasing one and I'll probably go with one of the two you mentioned. Is it much of a muchness?

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  • April 16, 2022 at 5:41 am
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    Class video lads. Do you only have to file and pay the tax when you withdraw your profits? For example if you are holding your coin for 5 years+ you only have to file and pay once you withdraw (ie sell for euro). Also if you are withdrawing small profits throughout the year is it just one payment and one form you fill before December 15th accounting for each withdrawal as an overall figure? Hope this makes sense.

    Reply
  • April 16, 2022 at 5:41 am
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    Top Stuff again lads always good to go back to basics. Never know what ya might learn or have forgotten.
    Thanks lads. Have a good weekend.

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  • April 16, 2022 at 5:41 am
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    Thank you guys for the video…

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  • April 16, 2022 at 5:41 am
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    Very timely video lads. Love the quick fire questions

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  • April 16, 2022 at 5:41 am
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    Is a wash sale legal in Ireland? That is selling at a loss and then rebuying straight away then using that 'loss' to offset profit.

    Reply

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