How to Buy Crypto with Allied Irish Bank
Summary: While Allied Irish Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency trading platform.
There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most banks, Allied Irish Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency exchange is quite complex and comes with regulations and extra requirements for the banks.
Luckily for us, there are plenty of crypto trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with Allied Irish Bank
There are only 4 steps involved, let’s get started!
1. Choose a cryptocurrency exchange
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy crypto
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Allied Irish Bank.
About Allied Irish Bank
Allied Irish Banks, p.l.c. One of the "Big Four" commercial banks in Ireland. AIB provides a wide range of banking services for individuals, businesses and corporations. A variety of general insurance products are also offered by the bank, including home, travel, and car. Through its tied agency with Irish Life Assurance plc, it offers pensions and life insurance.
The majority stake was taken by the Irish government in December 2010. It eventually rose to 99.8%. AIB shares are traded on the Irish Stock Exchange as well as the London Stock Exchange. However, its shares were removed from these exchanges in 2011 and 2017 following effective nationalization. The remaining publicly traded shares of AIB were listed on the Enterprise Securities Market, Irish Stock Exchange, until 23 June 2017.
AIB also holds Allied Irish Bank (GB), in Great Britain, and AIB (NI), in Northern Ireland. It sold its 22.5% stake at M&T Bank, the United States in November 2010. AIB entered the Baltic, Estonian, and Lithuanian markets in 2008 by purchasing AmCredit mortgage financing business from the Baltic-American Enterprise Fund. In 2012, Swedbank lost this stake.
As part of the Bank Recapitalization Scheme, Allied Irish Banks and its competitor Bank of Ireland received a bailout of EUR3.5 billion from the Republic of Ireland in 2009. The total bailout for AIB (included EBS) was EUR20.7 billion.
The IPO of Allied Irish Banks was completed by the Irish government in June 2017. The government announced that it would begin gradually selling its stake in December 2021 when the company's value was less than 6 billion euros on the public markets. Since March 2019, Colin Hunt has been the CEO of AIB. In October 2021, Jim Pettigrew was elected Chair of the Board.
Allied Irish Banks is often referred to as AIB (or its trade name "Allied Irish Bank"), inside and outside of the company. The bank was known in Northern Ireland as First Trust Bank, but it is now called "Allied Irish Bank (GB )"--the sole part of the operation that still uses the full name in the singular). Initialy, the bank was operated under the names and logos of its constituent companies. A new AIB logo was created, which depicted a three-dimensional circle with an "A" in the middle. These were replaced by the "Allied Irish Banks" in 1970. AIB created a new logo in 1990. This was due to the striking similarity of its old logo with that of Mercedes-Benz. The bank prefers to be called "AIB", although "Allied Irish Banks plc", is its legal name.
It is sometimes referred to as "AIB Bank" in common parlance, which is a redundant acronym. This is because the bank's name, "AIB Bank", was adopted to represent the Republic of Ireland branch banking businesses at the 1990 rebrand. The logo also features the word "Bank" in the green stripe. Although this logo is not used anymore in print advertising, it can still be found on most AIB branches throughout the Republic. In 1993, the 'Trustee Savings Banks'was rebranded as "TSB Bank". After a 9th-century carving at Killary Church, near Lobinstown, County Meath, the new logo depicts Noah's Ark.
Allied Irish Banks Limited was established in 1966. It acquired three Irish banks, the Royal Bank of Ireland and the Provincial Bank of Ireland. The aggregate assets of AIB were IRPS255million (EUR323.8million) in 1966. As of 31 December 2005, the assets of the AIB Group stood at EUR133 billion. The introduction of the Automatic Teller Machine Network, Banklink, was made in the 1980s. This happened just a few months after the Bank of Ireland Pass. ATMs were initially only available in major cities in the 1980s, but they became more widely available in smaller and mid-sized towns in the 1990s.
The bank currently has a variety of "sale-and-leaseback" deals with its properties. It sold a portion of its Ballsbridge Bankcentre headquarters in 2005 for EUR367 million. The bank plans to also sell the remaining building and its branch network for EUR421 millions.
The bank reported record pre-tax profits in February 2006. This was a 23% increase on the previous year, and the biggest ever for an Irish bank. While the majority of the increase was due to its Republic of Ireland operations and its Capital Markets divisions in Northern Ireland (Great Britain, Poland, and America), it also contributed significantly. Some newspapers were critical of this as they had a profit per customer that was three times higher than other European banks. Pat Rabbitte, a former leader of the Labour Party, called for greater competition in Ireland's banking sector. The bank announced record profits in August 2006. It made EUR1.2 billion before taxes, which equates to EUR1.2million per hour.