What are Bitcoin Exchanges?1 min read

Bitcoins are a virtual commodity that can be traded on several exchanges for fiat (real currency), or other cryptocurrencies. While there are no rules currently for bitcoins in Ireland, please note that you may be exposed to capital gains tax, and along the same lines of shares and other non-cash financial instruments.

Lodging funds requires you to transfer bitcoins into a trading account, or to lodge money and required personal identification to companies which may be fly by night, so do your research before you send any money, and don’t send any more than you can afford to lose.

Bitcoin Exchanges are currently unregulated, and as we have seen with the recent demise of Mt Gox, and hacks to Bitstamp and other exchanges. We strongly say caveat emptor, let the buyer beware, and pick your exchanges wisely.

We have a series of reviews on bitcoin exchanges you can read to get details on ones we’ve used. Alternatively, you can visit our Buy Bitcoin page to get bitcoin right now.

 

 


Our site is funded by affiliate links and advertising. If you sign up or purchase through links on our site we may receive remuneration. If you found something useful on our site, we accept BTC donations to 3F5utdL2U7rVou8gTJDBmQp167CDiEeENW, BCH to bitcoincash:qrfuyy8qk2eyjnzfufuvlaqcxjmg0qr8d564ztnd3d, ETH/tokens/stablecoins to 0xdEe0763fdb2FcFb0e65E5a3A035a77DC1425715A or tips via Brave.