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Best Crypto Exchanges in Finland

Finland’s crypto market is expanding, witnessing a gradual surge in enthusiasm for Bitcoin, Ethereum, and various other cryptocurrencies. Although there are a few Bitcoin ATMs in the country, buying and selling crypto is notably more convenient through cryptocurrency exchanges. Finland boasts a variety of domestic and global crypto transaction exchanges, each presenting distinctive features and services to users. This detailed guide on the best crypto exchange in Finland would help you make an informed decision.

Best Crypto Exchanges In Finland For 2024

In the table, we highlight some of the leading cryptocurrency exchanges in Finland.

  • eToro – The best crypto exchange for beginners
  • Northcrypto – Overall, the best crypto exchange in Finland
  • Bitstamp – The best crypto exchange in Finland with advanced tools and options 
  • BitPanda – One of the most popular European crypto exchanges in 2024
  • Coinbase – The exchange is known as the one-stop shop for all things crypto
  • Crypto.com – The best platform for earning profitable rewards
  • Binance – The best crypto exchange in Finland with multiple passive income opportunities
  • LocalBitcoins – The best Finnish exchange known for its tight regulations

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Review Of The Best Crypto Exchanges In Finland

In Finland, the recommended approach for acquiring and trading Bitcoin and other digital assets involves utilizing a cryptocurrency exchange that adheres to the guidelines established by the Bank of Finland and the Finnish Financial Supervisory Authority (FIN-FSA). Investors can employ SEPA transfers, credit cards, or alternative methods for depositing Euros (EUR) to seamlessly purchase, hold, and exchange cryptocurrencies.

After careful review, we have created this guide on the best crypto exchange in Finland. Considering criteria such as dependability, user-friendly interfaces, and adherence to regulatory norms, these platforms distinguish themselves as the top cryptocurrency exchanges.

1. eToro – Overall The Best Crypto Exchange in Finland 2024

eToro Crypto Exchange Finland

eToro is overall the best crypto exchange in Finland. The platform offers one of the best cryptocurrency selections in the country. It also offers traditional trading instruments such as stocks, ETFs, commodities, currencies, and indices. eToro was among the first platforms to support digital currency trading, adding support for Bitcoin (BTC) in 2013.

In 2017, the popular social trading platform expanded its digital asset offering, adding support for Litecoin (LTC), Ripple (XRP), and other major digital assets. Today, the exchange supports over 80 cryptocurrencies on its platform and also offers users a multi-currency wallet. 

Some of the major cryptocurrencies offered on eToro are 

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Dash (DASH)
  • Cardano (ADA)
  • Solana (SOL)
  • Polkadot (DOT)
  • Stellar Lumens (XLM)
  • Dogecoin (DOGE)
  • Bitcoin Cash (BCH)
  • Polygon (MATIC)

Overview 

eToro was founded in Tel Aviv in 2007 with the launch of its Forex brokerage platform. In 2010, the platform launched its Copy Trading feature, allowing traders to mirror trades made by successful traders. In 2013, eToro introduced stock trading in addition to commodities and currency trading. It also expanded into the Asian, Australian, and European markets and began offering Bitcoin as it forayed into digital assets.

Today, the platform has established itself as one of the best and most popular altcoin exchanges in the market. Additionally, it is continuously expanding and improving its crypto offering. 

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
80 1% $10 Bid-Ask Spread

Fees On eToro 

The fees on the eToro platform are low compared to some of the other exchanges on our list. However, users must keep an eye on withdrawal and currency conversion fees. Fees may also depend on your location. Let’s look at fees on eToro when it comes to cryptocurrency trading. The platform applies a 1% fee on buying and selling crypto. This fee is added to the bid-ask spread. 

Regarding cash withdrawals, the platform charges a $5 fee, with a minimum withdrawal of $30. However, the withdrawal fee excludes Platinum, Platinum+, and Diamond Club members. Withdrawals and deposits made using USD do not incur a transaction fee. However, non-USD transactions incur a transaction and conversion fee. The platform also charges an inactivity fee of $10 for inactive accounts for over a year. 

Security 

Now, let’s take a look at the security on eToro. eToro offers users a secure, regulated platform for crypto trading and has a proven record when it comes to security. All assets in the eToro Money crypto wallet are held on the blockchain. Other assets are securely held in cold storage, significantly reducing the chances of losing funds to hackers. 

eToro also encourages users to enable 2FA, adding an extra layer of protection. Users on the platform are encouraged to enable two-factor authentication after making an initial deposit. 

Trading Experience And Features 

eToro offers a simple web-based platform and a dedicated mobile application. Users on the platform can deposit fiat currency using a debit card or bank account and begin trading. They can view the cryptocurrencies available and their current prices using the “Trade” button. The platform also offers basic market and limit orders, along with advanced charting capabilities, advanced conditional orders, and cryptocurrency pairs. 

However, the platform is best known for its Copy Trading, Social Trading, and Smart Portfolios features. Copy Trading allows users on eToro to mirror the trades of professional traders and earn a passive income. Depending on their trading goals, users can choose from thousands of traders available on the platform. 

Social Trading allows users on eToro to interact directly with one another. Through Social Trading, users can discuss market developments, view major traders, comment on, or simply like activities related to other traders. Meanwhile, Smart Portfolios allows traders to invest in a basket of assets professionally managed by the eToro team.

Pros:
  • eToro is a highly established crypto trading platform
  • The platform is highly regulated by several regulatory bodies
  • Offers several features, such as Copy Trading, Smart Portfolios, and Social Trading
  • It supports a number of payment methods, including debit cards, credit cards, e-wallets, and bank wire transfers
  • Customer service needs to be better
Cons:
  • Does not support third-party trading platforms
  • Limited selection of assets

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

2. Northcrypto – The Platform Boasts A Reputation For Offering A Streamlined And Secure Trading Experience

Northcrypto Crypto Exchange in Finland

Northcrypto holds the distinction of being one of the leading crypto exchanges in Finland. The popular platform is acknowledged for its user-friendly interface and unwavering commitment to complying with the regulations outlined by the Finnish Financial Supervisory Authority (FIN-FSA). The platform facilitates smooth transactions and offers a range of cost-free methods for depositing Euros, including bank transfers.

Northcrypto delivers a thoughtfully curated selection designed to cater to the needs of both novice and experienced traders.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Only 6 cryptos Charges 0.1% €10 ($10.7)
  • Maker/taker
  • Slide fee

Unique Features Of Northcrypto Platform 

Northcrypto has established a trustworthy and secure reputation among cryptocurrency investors. The exchange is driven by its commitment to providing the most user-friendly cryptocurrency exchange experience. Despite being a smaller player on the global stage, Northcrypto holds significant influence in the Scandinavian market. It has also achieved notable success in its pursuit of user-centric excellence.

One noteworthy feature is the absence of deposit fees, a rarity in the crypto exchange landscape. As a regulated currency provider registered with the Finnish Financial Supervisory Authority, Northcrypto ensures compliance with regulatory standards. The platform prioritizes the security of customer cryptocurrencies by storing them in cold wallets, which are kept offline to mitigate potential security risks.

A distinctive aspect of the Northcrypto experience is its referral program. It allows users to earn rewards by inviting new participants to join the exchange and engage in trading activities. With a minimum investment of just €10, users can seamlessly buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, Solana, Polkadot, CELO, and the Graph.

While Northcrypto may be considered a smaller entity globally, its focused attention on the Finnish market underscores its significance within the country’s cryptocurrency landscape. The combination of user-friendly features, regulatory compliance, and a tailored cryptocurrency selection solidifies Northcrypto’s position as the best crypto exchange in Finland.

Why Northcrypto Is The Best Crypto Exchange In Finland?

Northcrypto, a homegrown Finnish cryptocurrency exchange, distinguishes itself as a secure and user-friendly marketplace in the region. It offers locals a convenient platform for swift transactions involving multiple cryptocurrencies. Northcrypto aims to enhance accessibility for users. It takes measures like offering exceptionally low trading fees set at 0.1% per trade, covering maker/taker and slide fees.

In recent times, Northcrypto has extended its reach beyond Finland, catering to customers from various European countries and adopting a multi-language interface. The platform is now available in English, Spanish, Swedish, German, and Finnish. This expansion reflects Northcrypto’s commitment to serving a broader audience while maintaining a solid and secure trading environment. The platform’s transparent fee structure and responsive customer service further contribute to its reputation as a dependable choice for cryptocurrency trading in Finland.

Pros:
  • Very low trading fee of 0.1% per trade
  • Customer assets are stored in cold storage for enhanced security
  • €10 minimum deposit requirement
Cons:
  • Limited selection, offering only 6 cryptocurrencies for trading

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

3. Bitstamp – The Platform Has Established A Global Presence With A User-Friendly Platform

Bitstamp Crypto Exchange in Finland

Bitstamp stands as one of the pioneering crypto exchanges in Finland, known for its user-friendly interface and competitive trading fees. With a substantial user base exceeding 4 million individuals, Bitstamp is widely recognized and favored within the crypto community. It particularly appeals to experienced investors. The platform offers various tools and features to cater to their advanced trading needs. Bitstamp stands out as the best crypto exchange in Finland, providing the capability to trade over 50 different cryptocurrencies.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Over 70+ Begins at 0.50% Depends on the payment method Spread Fee reduces per trading volume

Unique Features Of Bitstamp Platform 

Bitstamp’s platform stands out with its unique features, including access to the TradeView active trading platform for real-time market insights and powerful order execution. Investors can customize their trading interface and implement algorithmic strategies through Bitstamp’s high-performance APIs.

The intuitive interface allows users to execute instant, market, limit, or stop orders seamlessly. The platform is also supported by a clear chart, buy and sell offers, and a straightforward purchase form. Bitstamp caters to diverse trading strategies with an extensive range of trading pairs, making it suitable for both beginners and seasoned traders. The platform’s commitment to user-friendly design, comprehensive charting tools, and support for algorithmic trading sets it apart in the cryptocurrency exchange landscape.

Why Bitstamp Is The Best Crypto Exchange In Finland?

Bitstamp stands out as the premier crypto exchange in Finland due to its robust security measures, ensuring resilience against cyber threats. The platform’s commitment to user support is evident with 24/7 customer service. It also has dedicated account managers to assist with navigating complex software and accessing charts.

With a low trading fee of 0.50%, decreasing to 0.1% as trading volume increases, Bitstamp provides a cost-effective avenue for trading cryptocurrencies. However, users should be mindful of higher deposit fees. It has an 8% charge for small credit card transactions, gradually decreasing to 5% for larger transactions. Despite this, Bitstamp’s overall strengths make it a leading choice for crypto enthusiasts in Finland.

Pros:
  • Multiple complex charting options cater to skilled investors
  • A low slide fee of 0.50% enhances cost-effectiveness
  • 24/7 customer support and dedicated account managers provide comprehensive assistance
Cons:
  • A limited selection of available coins may restrict diversification options for users

4. Bitpanda- The Crypto Exchange Has Earned Strong Reputation For Its Trustworthiness

Bitpanda Crypto Exchange Finland

Established in 2014, BitPanda has emerged as one of the top-rated crypto exchanges in Finland. The platform is characterized by its user-friendly interface, offering a straightforward trading experience dedicated to the buying and selling of cryptocurrencies.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Only 6 cryptos 
  • 1.49% fee per transaction
  • Differing fee per payment method
Differs according to the payment method
  • Slide fee
  • Payment fees
  • Hidden fees

Unique Features Of Bitpanda Platform 

The platform goes beyond conventional offerings by providing a diverse array of cryptocurrencies. Some of them include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). It also extends to other asset classes like stocks, ETFs, metals, and commodities. This comprehensive selection empowers users to diversify their portfolios effectively. Furthermore, Bitpanda prioritizes security, implementing robust measures to safeguard user funds and personal information from potential cyber threats.

Bitpanda stands out in the competitive landscape of cryptocurrency exchanges due to its user-friendly interface, appealing to both novice and experienced traders. The platform’s interface is characterized by its simplicity. It is aimed at offering users easy access to historical price charts and crucial token information for informed decision-making before executing trades. Users can seamlessly trade cryptocurrencies if they prefer the desktop interface or the BitPanda mobile app.

Bitpanda’s commitment to an intuitive user experience is evident throughout the platform. The platform creates a cohesive and user-centric environment, from the streamlined Know Your Customer (KYC) verification process to the actual trading activities.

Clear and transparent fee information is another standout feature of Bitpanda. It ensures users a comprehensive understanding of the cost implications associated with their trades. This commitment to transparency extends consistently to Bitpanda’s mobile applications, maintaining a thoughtful and user-centric approach across all platform aspects.

Why Bitpanda Is The Best Crypto Exchange In Finland?

Bitpanda emerges as the best crypto exchange in Finland for several compelling reasons. The platform’s commitment to transparency ensures users are informed about any additional fees incorporated in real time. Bitpanda supports a variety of deposit methods, including MasterCard, Visa, Neteller, Skrill, and bank transfers, offering flexibility to users. Although each method incurs a transaction charge, the platform’s dedication to regulatory compliance and account security is evident in the meticulous verification process.

What truly sets Bitpanda apart is its unwavering commitment to customer support. The platform offers multiple avenues for users to seek assistance, including email and live chat. The support team at Bitpanda ensures prompt resolution of inquiries or issues that users may encounter. They are known for their responsiveness and helpful approach. This dedication to user satisfaction and a secure and transparent operational framework establishes Bitpanda as the best crypto exchange in Finland.

However, its pricing structure may be somewhat complex, with a 1.49% fee for buying and selling cryptocurrencies.

Pros:
  • Simple user interface catering to both beginners and experienced traders
  • Support for multiple payment methods, offering flexibility to users
  • Abundance of educational resources to empower users with knowledge
  • Availability of Bitpanda Visa card, enhancing usability
  • Low fees contribute to cost-effective trading
Cons:
  • Lack of interest-earning features on the platform
  • Lack of interest-earning features on the platform

5. Coinbase – One Of The Biggest Crypto Exchanges In The World

Coinbase Crypto Exchange

Coinbase stands as the best crypto exchange for Finnish users and a virtual currency provider. It offers support for various payment methods and traditional currencies. The platform ranks among the best cryptocurrency exchanges in Finland in 2024. The platform ensures quick access to trading, with users able to commence trading within 15 minutes after completing a straightforward KYC and verification process.

Coinbase provides a user-friendly web interface and a dedicated app, enabling investors to engage with over 100 cryptocurrencies. Notably, Coinbase charges a commission of 1.49% per trade, with an additional 3.99% fee applied to credit and debit card transactions.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
  • Over 100+ 
  • 250+ with Coinbase Pro
  • Maker/taker fee of 0.50%
  • 1.59% slide fee
Requires $50
  • Maker/Taker fee 
  • Slide fee

Unique Features Of Coinbase Platform 

The Coinbase platform distinguishes itself through several unique features, catering to a diverse range of users. For those desiring a more extensive selection of cryptocurrencies, Coinbase Pro, the advanced version of Coinbase, offers access to over 250 digital assets. Coinbase Pro broadens the spectrum of available assets. It also provides active traders with advanced charting options for refined trading strategies and analysis. A notable benefit of Coinbase Pro is the absence of additional charges on credit/debit card transactions. This effectively enhances cost-effectiveness for users.

Furthermore, Coinbase introduces innovative training programs that enable users to earn while learning. Fostering a dynamic and educational experience in cryptocurrency, the platform becomes an ideal choice for beginners. This blend of advanced trading features and educational initiatives establishes Coinbase as a comprehensive and user-focused platform in the ever-evolving crypto landscape.

Why Coinbase Is The Best Crypto Exchange In Finland?

Offering users a dedicated crypto wallet, Coinbase ensures complete control over their assets, empowering users with secure management. Notably, an impressive 98% of all assets on Coinbase are stored offline using cold storage. Users have an assurance of a robust defense against online hacking and phishing attacks.

The platform’s commitment to security has garnered the trust of countless users, solidifying Coinbase as their preferred platform. Coinbase has become synonymous with reliability. The platform offers a safe and seamless environment for customers to confidently access and manage their cryptocurrency accounts. This emphasis on user control and industry-leading security measures positions Coinbase at the forefront of the crypto exchange landscape in Finland.

Pros:
  • Access to 100+ cryptocurrencies with a standard account, providing a diverse range of investment options
  • Expanded cryptocurrency offerings with access to 250+ cryptos through Coinbase Pro, catering to advanced traders
  • Fee reduction opportunities through the advanced trading platform Coinbase Pro, promoting cost-effective trading
  • Robust security measures with 98% of assets stored in cold storage, enhancing protection against online threats
Cons:
  • High fees of 3.99% on credit/debit card transactions, potentially impacting cost-effectiveness for users

6. Crypto.com – Leading Crypto Exchange In Finland For Low Fees 

Crypto.com Trading Platform

Established in 2016, Crypto.com has positioned itself as the premier cryptocurrency exchange. Boasting a user base exceeding 10 million individuals, Crypto.com stands out with its diverse suite of offerings. These encompass over 250 digital assets available through its cryptocurrency exchange and the Crypto.com app. It also has features like a DeFi wallet, a standard crypto wallet, and an NFT marketplace.

The platform simplifies the process for users to acquire cryptocurrencies directly using credit or debit cards. However, there is an incurring additional 2.99% transaction fee. While Crypto.com allows free funding of account balances with crypto, it currently does not support fiat deposits.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Over 250+ 0.40% Requires $20 Maker/Taker fee

Unique Features Of Crypto.com Platform 

Crypto.com offers a distinctive array of features tailored to user preferences. Providing access to a broad spectrum of 250+ cryptocurrencies, users can seamlessly buy, sell, and trade through the intuitive Crypto.com mobile app. A notable feature is the introduction of the native crypto token, CRO, which serves as an investment asset and allows users to curtail transaction fees.

The platform’s dynamic fee structure, exemplified by the 0.40% per transaction slide fee, becomes more cost-effective with a 10% reduction through CRO token holdings. Additionally, Crypto.com stands out by allowing users to earn extra income through the innovative practice of staking popular assets like Bitcoin, Ethereum, and ADA. Users have the potential to garner up to 14.5% interest. Holding a designated amount of CRO further adds a 2% interest component. This showcases the platform’s commitment to diversified earning avenues within cryptocurrency.

Why Crypto.com Is The Best Crypto Exchange In Finland?

Security is a paramount focus for Crypto.com, with significant investments ensuring a highly secure trading environment. The platform’s exceptional speed, with prices updating dozens of times per second, provides day traders with a competitive edge in the market. Furthermore, Crypto.com imposes no additional fees for deposits of supported cryptocurrencies on its web exchange, aside from the on-chain fee charged by the respective coin’s network.

The platform provides users with exclusive access to a range of features. This includes its NFT marketplace, Crypto credit service for loans, and a specialized Crypto.com DeFi wallet for token swapping and storage. Notably, the Crypto.com NFT marketplace, exclusive to the Crypto.org chain, boasts support for over 10 million NFTs. It features popular collections like ArtBlock, Bored Ape Yacht Club, Mutant Ape Yacht Club, CloneX, and more.

Pros:
  • Access a vast array of over 250 cryptocurrencies for trading
  • Earn passive income through interest on held cryptocurrencies
  • Engage in crypto derivatives, including futures and options contracts
  • Generate daily interest by staking your coins
  • Enjoy exclusive discounts of up to 50% when purchasing newly-listed coins
  • Benefit from a low slide fee of 0.40% for cost-effective trading
  • Enhance overall benefits by holding CRO to reduce fees and increase interest
  • Limited deposit options with no support for fiat deposits
Cons:
  • Low margins on cryptocurrency spot trades may impact potential profits

7. Binance – Best Crypto Exchange For Trading Volume

Binance Crypto Exchange in Finland

For those seeking the best crypto exchanges in Finland, Binance stands out as a notable option. Recognized as the largest cryptocurrency exchange by trading volume, Binance allows users to invest in a portfolio of over 600 cryptocurrencies.

Renowned for its extensive selection, the platform provides investors access to one of the most diverse ranges of cryptocurrencies available. This encompasses the largest cryptocurrencies by market capitalization and smaller and lesser-known coins and tokens. This helps users choose from a broad spectrum of investment preferences.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Over 600+ Charges 0.1% Requires $50 Maker/Taker fee

Unique Features Of Binance Platform 

Binance is a preferred choice for cryptocurrency trading, primarily due to its competitive fee structure. Binance imposes a spread fee of just 0.1% per transaction, marking one of the most economical options in the market. Users can further optimize their costs by enjoying a 25% reduction in fees through holding BNB, the native token of the Binance exchange. Binance offers advanced features such as leverage and margin trading, empowering users to amplify the value of their trades and speculate on future price movements.

The Binance app is crafted to cater to users of all experience levels. The ‘Lite’ version streamlines the interface to focus on essentials, providing a user-friendly experience for beginners. On the other hand, the standard app stands out as one of the most sophisticated crypto trading platforms available. It also offers advanced features and tools for more experienced traders.

Why Binance Is The Best Crypto Exchange In Finland?

Ranked among the best crypto exchanges in Finland, Binance offers a range of avenues for passive income generation on its platform. Users can capitalize on opportunities such as staking their holdings to earn interest on tokens. Participation in Binance referral programs allows users to earn commissions for every successful referral. This offers new users an opportunity for immediate additional income.

For advanced traders, Binance stands as a favorable choice by offering multiple API keys for seamless integration with software tools. However, it’s important to note that Binance imposes a relatively high fee of 4.5% on debit and credit card transactions. Notably, Binance has embarked on strategic partnerships with subsidiaries to establish localized crypto exchanges. The platform has also ensured strict adherence to the regulatory requirements of specific countries.

Pros:
  • Supports the deposit and withdrawal of both cryptocurrencies and fiat money
  • Binance offers a vast selection of over 600 tradable cryptocurrencies
  • Users can enjoy discounted fees by utilizing BNB tokens
  • The platform boasts a very low slide fee of 0.1% per transaction
  • Binance provides referral programs for users to benefit from successful referrals
  • Staking opportunities are available, allowing users to earn passive income through their holdings
  • The platform is less user-friendly for beginners
Cons:
  • The platform lacks robust customer support, impacting user assistance

8. LocalBitcoin – The Best Peer-To-Peer Crypto Trading Platform In Finland Of 2024

Best Crypto Trading Platforms in Finland

For users seeking to purchase crypto in Finland, LocalBitcoins has emerged as one of the top crypto exchanges in the country. This Finnish Bitcoin exchange operates as a peer-to-peer marketplace, facilitating direct transactions between buyers and sellers for Bitcoin.

Platform Overview 

Number of Cryptos Bitcoin Trading Fee Minimum Deposit Pricing Structure
Only Bitcoin 1% for advertisement Not stated No Fee on P2P

Unique Features Of LocalBitcoin Platform 

While initially permitting users to buy Bitcoin with cash, LocalBitcoins has implemented new regulations to enhance security, introducing KYC processes before investments. As the premier Bitcoin exchange in Finland, LocalBitcoins offers users the flexibility to purchase Bitcoin through various methods. This includes PayPal, wire transfers, SEPA, Neteller, Skrill, and more.

A key factor contributing to LocalBitcoins’ popularity is its zero fees for peer-to-peer (P2P) trading. Users incur only the standard BTC fee when transferring Bitcoin outside the LocalBitcoins exchange. This P2P Bitcoin marketplace has gained prominence for its commitment to providing flexibility and accessibility to both buyers and sellers. A nominal 1% fee is applied to users creating advertisements on the platform and any ensuing trades resulting from these advertisements.

Why LocalBitcoin Is The Best Crypto Exchange In Finland?

LocalBitcoins stands as one of the largest and most secure peer-to-peer crypto exchange services in Finland. Its unique model facilitates the connection of Bitcoin buyers and sellers within the same region, enabling both face-to-face and online transactions.

The platform prioritizes user security by implementing 2FA authentication protocols. It has a login guard to safeguard personal details and an escrow service that securely holds assets before a trade is completed. A robust set of security features on LocalBitcoins instills confidence in traders, allowing them to buy and sell Bitcoins with assurance. The platform employs multiple layers of security to monitor and protect transactions within the exchange.

Diverging from the typical brokerage model, LocalBitcoins operates as a peer-to-peer network, connecting sellers with buyers in the local area. Traders post ads on the platform, specifying accepted payment methods and exchange rates for the purchase or sale of Bitcoins.

Pros:
  • Serves as a P2P marketplace for seamless Bitcoin trading
  • Users benefit from fee-free trading of BTC with fellow buyers and sellers
  • The platform prioritizes security with 2FA protocols and login safeguards
  • LocalBitcoins provides flexibility with multiple payment methods
Cons:
  • Caters exclusively to users focused on trading Bitcoin

Comparing The Top Crypto Exchanges In Finland

Navigating the cryptocurrency landscape in Finland involves choosing the right exchange that aligns with your preferences and requirements. In this quick glimpse, we’ll highlight the distinctions between these best crypto exchanges in Finland.

Exchange  Number of cryptos available Bitcoin Trading Fee Pricing Structure Minimum deposit
eToro Access to 80 cryptos  Charges 1% Prices based on Bid-Ask spread $50
Northcrypto  Access to only 6 cryptos Charges 0.1%
  • Maker/taker
  • Slide fee
€10 ($10.7)
Bitstamp  Access to over 70+ cryptos Starts at 0.50% Spread Fee reduces per trading volume Varies depending on the payment method 
Bitpanda  Access to only 6 cryptos  1.49% fee per transaction

Differing fee per payment method

  • Slide fee
  • Payment fees
  • Hidden fees
Varies depending on the payment method 
Coinbase Access to over 100+ cryptos 

Access to over 250 + with Coinbase Pro

  • Maker/taker fee of 0.50%
  • 1.59% slide fee
  • Maker/Taker fee 
  • Slide fee
Requires a minimum of $50
Crypto.com Access to over 250+ cryptos  Charges 0.40% Maker/Taker fee Requires a minimum of $20
Binance   Access to over 600+ cryptos  Charges 0.1% Maker/Taker fee Requires a minimum of $50
LocalBitcoin Only offers access to Bitcoin  Charges 1% for advertisement  Charges 0 on P2P Not stated 

Factors To Consider While Choosing The Best Crypto Exchanges In Finland 

Whether you’re venturing into the crypto space for the first time or are a seasoned trader, the choice of a cryptocurrency platform significantly influences your journey. When evaluating the best crypto exchanges in Finland, users wish to assess various factors regardless of their experience level. These include the range of available cryptocurrencies, associated fees, and more.

This comparative analysis provides newcomers with valuable insights into what they can anticipate from the leading crypto exchanges in Finland. The following sections will delve into essential factors that users should consider when deciding which cryptocurrency exchange to choose.

Number Of Cryptos Available For Trading

An essential factor to weigh when selecting the optimal crypto exchange in Finland is the range of cryptocurrencies available for trading. Users may seek to enhance their investment portfolios by exploring popular options such as BTC, metaverse-based tokens like MANA, or stablecoins. The selection of a crypto exchange is inherently tied to the specific coins one intends to trade.

Supported Coins

Given the vast number of cryptocurrencies, no single platform can accommodate them all. Consequently, not every coin is available on every exchange. It becomes imperative, therefore, to opt for a cryptocurrency exchange that provides access to diverse markets. For instance, Binance stands out as a prominent crypto exchange, boasting a comprehensive selection of over 600 cryptocurrencies. Therefore, it is important to choose an exchange that offers a diverse selection of assets.

Security And Regulation 

When choosing the best crypto exchange in Finland, users should prioritize trading on platforms subject to regulation. Opting for regulated brokerages ensures adherence to established guidelines and safety standards, offering a more secure environment for users and investors alike.

Examining the regulatory affiliations of the leading cryptocurrency exchanges in Finland is equally crucial. The reliability of a cryptocurrency exchange is a paramount criterion for making an informed choice. Given the inherent fraud risks in the crypto sphere, users are strongly encouraged to scrutinize this factor. Some exchanges bolster their security measures by implementing insurance policies valued at millions of dollars. Opt for an exchange that is designed to safeguard users’ digital currency and assets from potential hacks or fraudulent activities.

User Interface And Experience

Yet another crucial factor that significantly shapes the trading journey in the cryptocurrency realm is the user interface and experience offered by the platform. This is especially relevant for individuals new to the intricacies of digital assets. Assessing key aspects such as ease of use and navigation is essential.

An intuitive and navigable platform ensures a seamless and user-friendly experience, vital for effective trading. Evaluating the availability and diversity of trading pairs is essential, as it directly impacts the range of investment opportunities on the platform.

Additionally, considering the mobile accessibility of the platform adds another layer of convenience, providing users the flexibility to engage in trading activities while on the move. The overall user interface and experience are pivotal in shaping a trader’s interaction with the exchange, making it a crucial consideration in the selection process.

Fees And Pricing Structure 

Cryptocurrency exchanges generate revenue through trading fees, withdrawal fees, and various other charges, all of which can substantially impact overall profitability. A thorough understanding of these fees is crucial, given their potential to alter the cost dynamics of trades. This makes it one of the crucial factors to scrutinize when seeking the best cryptocurrency exchanges.

The most reputable exchanges in Finland adhere to a transparent pricing structure devoid of hidden costs. Take, for instance, Binance, which imposes a straightforward maker/taker fee starting at 0.1% per transaction. In contrast, other leading cryptocurrency exchanges in Finland, such as Crypto.com, institute a maker/taker fee of 0.40%, illustrating the diversity in pricing models across platforms.

Liquidity 

Yet another key factor to consider in your selection of a crypto exchange is its liquidity. The liquidity of a platform directly impacts your ability to invest in assets and digital currencies effectively. Liquidity in the market is vital as it facilitates seamless buying, selling, and trading of currencies.

Platforms are deemed liquid when traders can easily sell their assets at favorable market prices whenever desired. Opting for an exchange with high trade volume ensures the liquidity of your assets or digital currency. This offers users the flexibility and convenience necessary for effective trading.

Advanced Tools And Features

The presence of additional tools and features can significantly enhance the trading experience for diverse users. Trading platforms often cater to different needs. Some focus on simplifying the experience for new investors through features like Crypto Bundles, providing access to multiple cryptocurrencies in a bundled format.

While platforms like BitStamp target a more advanced user base, It aims to offer an advanced trading platform equipped with complex charting options and a suite of tools to empower experienced traders. The diversity in available tools and features allows users to choose platforms aligned with their specific preferences and trading proficiency.

Available Sign-up Offers

Exploring additional benefits and rewards offered by the best crypto exchanges in Finland is a prudent consideration for users. Numerous top-tier Finland crypto exchanges extend rewards and bonuses as part of their sign-up incentives. Notably, platforms such as Binance and Northcrypto allow users to earn rewards by referring other users who sign up and initiate trading on the platform. These sign-up offers contribute to the overall attractiveness of the platform, providing users with added value and incentives as they embark on their cryptocurrency trading journey.

Robust Customer Support

In the dynamic realm of cryptocurrencies, challenges can emerge at any given moment. A responsive and supportive customer support team is invaluable when addressing issues or seeking clarification. It’s essential to scrutinize an exchange’s customer support offerings, including the variety of channels available, response times, and overall availability.

Optimal exchanges go beyond providing multiple support avenues. The best exchanges provide support through live chat, email, and phone support, ensuring that their team possesses the requisite knowledge and helpfulness.

A hallmark of the best crypto exchange is providing a high-quality customer support team that operates around the clock to assist users. This becomes particularly crucial for beginners navigating the initial stages of their investment journeys. Platforms like Bitstamp stand out as the best crypto exchange in Finland crypto exchanges, offering 24/7 customer support and dedicated account managers to address queries and concerns promptly.

Available Payment Methods

Diversity in available payment methods holds significance for users engaged in cryptocurrency trading. The flexibility to choose from various payment options makes the trading experience convenient. Direct Euro transactions might be the preferred choice when dealing with a Finnish crypto exchange.

BitPanda, recognized as one of the premier Bitcoin exchanges in Finland, distinguishes itself by offering users the option to deposit funds through various methods. These include multiple e-wallets, bank transfers, and widely accepted options such as MasterCard and VISA. This variety of payment methods caters to different user preferences and ensures a seamless and accessible financial experience on the platform.

How to Open a Crypto Account with a Finnish Crypto Exchange

With an overview of the best crypto exchanges in Finland, the next crucial step is to initiate your cryptocurrency trading journey. The following sections outline a comprehensive step-by-step guide on how to purchase cryptocurrencies.

However, please note that the steps provided are general and may vary slightly based on the specific exchange chosen.

Step 1: Open An Account

Sign up via etoro

Begin your cryptocurrency journey by selecting a suitable platform and accessing its website or application. On the homepage, locate the prominent “Create Account” button to initiate the account creation process.

Upon clicking, users must furnish the exchange with essential personal details, encompassing full names, email addresses, phone numbers, and dates of birth. Following this, users are likely prompted to choose a unique username and a secure password. Opt for a cryptocurrency exchange regulated by either the Finnish Financial Supervisory Authority (FIN-FSA) or the European Securities and Markets Authority (ESMA) to ensure reliability and adherence to regulatory standards.

Step 2: Identity Verification

Following the initial account creation, users will proceed to the crucial step of identity verification. This involves a KYC process, a mandatory legal requirement for nearly all exchanges in Finland.

Users should anticipate being prompted to upload documents during the ID verification process. Typically, this requires the submission of both the front and back sides of a valid photo ID. Additionally, users will likely be asked to provide proof of address, including documents such as a bank statement or utility bill.

Prepare your photo ID in advance, as it will be indispensable for completing this step. The identity verification process enhances security measures and ensures compliance with legal standards, contributing to a secure and regulated trading environment.

Step 3: Deposit Funds

Deposit funds on eToro

With the identity verification completed, users deposit funds into their newly created account. Opt for a platform that aligns with the available payment options that suit your preferences.

Initiate the deposit by choosing Euros (EUR) as the currency and follow the platform’s specified instructions for depositing funds. Most exchanges offer a range of deposit methods to accommodate user convenience. Common options include SEPA transfers, instant bank transfers, and debit or credit cards.

Step 4: Search For Crypto Coins

eToro listed Coins

Having successfully deposited funds, users can now initiate the process of purchasing cryptocurrencies. Locate the search bar on your chosen platform and input the name or symbol of the specific coin or coins you intend to acquire.

The platform should display comprehensive data about the chosen cryptocurrency. This information may include current market prices, historical performance, and relevant details to assist users in making informed decisions before purchasing. Familiarize yourself with the presented data to ensure a well-informed and confident cryptocurrency investment.

Step 5: Buy Cryptocurrencies

Initiate your cryptocurrency acquisition by executing a buy order in the final step. Locate the respective button on your selected exchange to initiate the purchase of your chosen cryptocurrencies.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Step 6: Secure Your Investment

For enhanced security, consider transferring your cryptocurrency to a private and secure wallet rather than keeping it on the exchange. This precautionary measure helps safeguard your investment. It reduces the exposure to potential risks associated with leaving assets within the exchange’s infrastructure.

Crypto Regulation In Finland

Firms engaged in cryptocurrency operations within Finland are mandated to register with FIN-FSA. The regulatory framework predominantly aligns with the fifth EU Directive and aims to combat money laundering. Crypto-related services are subject to laws governing a company’s reliability and safeguarding client funds. Failure to comply with statutory requirements results in the inability to conduct business activities for cryptocurrency providers. Adherence to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regulations is obligatory.

At an individual level, engaging in crypto trading requires the provision of personal details, dispelling any notion of anonymity in this realm. Safeguarding your crypto holdings against loss or theft necessitates thoroughly examining the security protocols of the services you opt for. It’s crucial to note that personal protection against loss is not encompassed. Some exchanges do offer insurance against fraud or hacking. However, users are responsible for scrutinizing products and exchanges for security measures.

Are Cryptocurrencies Legal In Finland?

Buying and selling crypto assets are legal in Finland, however cryptocurrencies in Finland have been officially designated as high-risk assets by both the Finnish government and the country’s central bank. They have earned the position of a genuine currency. However, government bodies and financial regulators classify these assets as speculative instruments and types of payment.

This classification allows cryptocurrencies to function as tradable assets, enabling their use for buying, selling, and transactions within Finland. Notably, the absence of a ban on cryptocurrency trading has led to the emergence of numerous local cryptocurrency exchanges in the country.

In addition to adhering to FIN-FSA regulations, crypto transactions in Finland are held to the same anti-money laundering (AML) compliance standards as other financial services. Consequently, any company providing digital currency services is mandated to possess a license from the FIN-FSA or relevant foreign authorities.

Crypto Tax In Finland

In Finland, individuals who generate income from the sale of cryptocurrency are subject to a capital income tax. The tax rate is determined based on the amount of profit made from the sales in a given year. For profits up to €30,000, the tax rate is 30%. Any profits above €30,000 are subject to a tax rate of 34%. To calculate your profit on a crypto trade or sale, you should deduct the currency’s acquisition costs from its sales price.

An important thing for users in Finland to note before investing is the taxes prevalent in the region. As Finland has been a growing hub for cryptocurrency trading, the Finnish government has not rolled out any crypto-specific legislation and has opted to treat cryptocurrency as subject to capital gains tax.

This means that users must pay tax on any profits made on their cryptocurrency investments. The capital income tax comes in at a rate of 30%-34% for users in Finland. Income from mining crypto is also subject to a progressive earned income tax and municipal taxes.

Additionally, for users who have made crypto from some form of work or effort, an income tax will be required to be paid. Depending on which municipality users belong to, a 16% to 23.5% municipal tax can be applied.

Crypto Exchanges in Finland – Conclusion

Finland boasts access to a variety of top-tier crypto exchanges, with a population actively engaging in high volumes of trading and a significant number holding cryptocurrencies. Navigating the dynamic landscape of digital assets demands a judicious choice of the right exchange for buying, selling, and trading.

In this rapidly evolving realm, the variety of available crypto exchanges can present a challenge when making an informed decision. We have created this guide on the best crypto exchange in Finland to aid Finnish investors in their trading journey. Our selection criteria include a variety of factors such as adherence to FIN-FSA guidelines, diversity in accessible digital assets, user interface quality, Euro deposit procedures, transaction costs, and various other facets.

eToro Exchange

  • Best Copy Trading Platform of Professional Traders
  • Over 80 cryptos to trade
  • Minimum deposit only $50
  • Free Demo Account, Crypto Wallet
  • Open to Finalnd & Worldwide – Accepts Paypal
  • Staking Rewards, Educational Courses
Our Rating

5 Stars

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Frequently Asked Questions

Is Finland crypto-friendly?

Finland is characterized by its innovative mindset, extending to the realm of cryptocurrencies.

To purchase crypto in Finland, individuals can explore the offerings of top crypto exchanges in the country. The selection process may involve assessing factors such as fees, additional costs, and the variety of cryptocurrencies available for trading.

Yes, Coinbase is accessible for cryptocurrency trading in Finland, providing a platform for users to engage with over 100 tradable assets. As one of the world's largest crypto exchanges, Coinbase serves over 98 million verified users.

The top pick for the overall best crypto exchange in Finland today is eToro. It is best because it appeals to both novice and experienced traders. Plus, it supports copy trading and passive income generation through staking.

eToro exchange is availaible in Finland  for investing in both crypto and stock markets, providing a platform for users to engage with over 3,000 tradable assets. As one of the world's largest trading platforms, eToro serves over 30 million users.

Yes, Bitcoin can be purchased securely and with anonymity through the utilization of P2P (Peer-to-peer) exchanges.