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Learn More about buying RARI in Ireland
How to buy Rarible in Ireland
Is RARI a good investment in Ireland?
RARI was released to the market in August 2020 with an initial price of $0.31, and very soon, it could reach $7. Thus, it was a wonderful investment for only a few months. However, it didn’t resume that well and ended the year with a price of $2. Although it seemed that RARI token holders were facing failure, 2021 was very amazing for them because the RARI price reached its highest record of $49 in March of 2021. After this record, the RARI price faced many ups and downs until it ended the year with a value of $13. 2022 started profitably for RARI holders. At the beginning of the year, the RARI price amounted to $23 and then fell again. It couldn’t set any price record and even dropped to $1.84 by the end of the year.
The history of the RARI token shows it was a good investment for its owners several times. However, it was stagnating and might seem uninteresting for people to buy. Furthermore, no one can tell you what may happen to this coin in the following years. But the price predictions may give you a hint about the expected future of RARI. Crypto analysts and experts expect the RARI price to go up again in the next 5 years and may become stable at $10 by 2026 and might reach $17 by 2030. Many also consider RARI a good short-term investment that would have a better profit in one year.
What is Rarible ?
Rarible is the first cryptocurrency dedicated to NFTs, launched in 2020. The main reason for creating such a platform was to secure the digital collections that are designed with blockchain technology. Its focus is on artistic assets. NFTs (non-fungible tokens) allow artists to keep the copyright of their artworks. Rarible works as a marketplace for its users to create, sell or buy digital collections or NFTs. Users can put a preview of their works on this platform, so others check and use their Rarible tokens to purchase the full version.
More information on Rarible official website.
Is Rarible legal to buy in Ireland?
Yes. According to a press release by the Director of Financial Regulation which was published by the Central Bank of Ireland, blockchain and cryptographic technology have the potential to
bring significant benefits to the economy and to the users of financial services, since cryptocurrency is being deployed in different situations and for various purposes such as
supporting smart contracts, engaging in payment services, investment activities or, as is often the case, speculation.
Is Rarible taxed in Ireland
Yes. According to the Irish Tax and Customs Agency (Revenue), if an Irish resident sells a crypto asset and gains profit from it, any gain would be treated as capital gain and could be subject to capital gains tax (currently 33%). According to the above-mentioned document, if an Irish individual was carrying on a ‘trade’ of dealing in cryptocurrency, any profit on the selling of
crypto assets would be subject to income tax, the income tax rates can be up to 55% (including universal social charge and social insurance). According to the above-mentioned Irish Tax
Agency reference, a trade in crypto-assets would be similar in nature to a trade in shares, securities, or other assets. Where a person makes a trading profit or loss on crypto-asset transactions this must be reflected in their accounts and will be taxable in accordance with normal Income Tax rules.
After you've bought Rarible in Ireland
The main purpose of creating the RARI token was to empower Rarible users to vote on different projects and upgrades on this platform. Therefore, after buying RARI you will have the power to make changes to the network. Creating, selling, and buying digital content or NFTs are other uses of RARI coins.
Furthermore, after purchasing RARI tokens you can keep them in a wallet as an investment. However, you should also know that investing in cryptocurrency is risky. We recommend you check the price history and price prediction. Read Rarible white paper and follow top crypto experts to learn more about investing in RARI. Anyhow, if you are a beginner in this world, it is better to start your investment with a moderate amount and think about an exit point for your investment so that you won’t lose much money if the predictions didn’t go well.
Who can buy Rarible in Ireland?
Anyone. You are able to easily perform cryptocurrency transactions such as buying, selling, holding and managing by the help of cryptocurrency exchanges in Ireland. There are also a
varying range of payment services available in Ireland for your cryptocurrency purchase including: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal which are
highly convenient and secure if your exchange allows these means. Our exchange presents safe and fast cryptocurrency transactions by such service and is one of the cheapest exchanges
out there to buy cryptocurrency in Ireland, as we charge zero fees for all cryptocurrency transactions.
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Payment methods to buy Rarible in Ireland
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Frequently asked questions
Several exchanges support buying RARI coins. If you want to find a trusted, easy-to-use, and cheap exchange to buy RARI, we recommend you BlockTrade. Unlike most exchanges, you don’t need to pay any processing fee on this exchange. Therefore, buying RARI will cost less than other platforms.
Certain types of activity are more likely to be in the nature of an investment rather than a trade.
The Irish Tax and Customs Agency has released a document in conjunction with section 21 of the Taxes Consolidation Act, which in detail explains what constitutes trading in Ireland.
Yes. According to the Irish Tax and Customs Agency, purchasing cryptocurrency will generally not arise taxable events.
Rarible is a marketplace for creating, selling, and buying NFT. Therefore, if you are an artist and would like to sell your digital art, the Rarible platform and token will be a good option for you.
According to RTE, the national Irish news service, 18% of Irish people currently own or have previously owned cryptocurrency.
Everyone can use the Rarible platform and its token (RAR). However, most of the users of this NFT marketplace are digital artists and content creators. They can use their RARI coins to create digital content, such as a book, music, or artwork. Then, they can put their NFT digital content on this platform and sell it to others.