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I have the deposit for a house but I saved through crypto

KurtBarlow · 2021-09-08 17:24:39

I have been saving for a year . I have consistently being putting away 2000 a month and now I have more than enough for a deposit for a house . However instead of saving in a bank with zero interest rates I put my money into crypto month to month and its worked out favourably. Im just wondering if the banks will look…

08-09-2021 6:24pm

#1

KurtBarlow

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I have been saving for a year . I have consistently being putting away 2000 a month and now I have more than enough for a deposit for a house . However instead of saving in a bank with zero interest rates I put my money into crypto month to month and its worked out favourably. Im just wondering if the banks will look unfavourably toward this and dismiss my application

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#2 08-09-2021 7:53pm

Henry Ford III

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Why would they?

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#3 08-09-2021 7:58pm

o1s1n

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Just remember you'll have to pay capital gains tax if your crypto made big earnings.

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#4 08-09-2021 8:00pm

bmc58

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Do Irish banks accept Crypto Currencies?

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#5 08-09-2021 8:10pm

o1s1n

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https://www.boards.ie/discussion/comment/117865145#Comment_117865145

I would imagine he's going to withdraw th crypto into Euro when applying for the mortgage.

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#6 09-09-2021 12:02pm

Static M.e.

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I would expect that the Banks just need you to show them you have been saving the €2,000 a month so there is a history.
Glad it worked out for you with crypto.

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