Best Crypto Exchange in Finland 2023

With the rising popularity of cryptocurrencies around the world, Finland residents also have the opportunity to invest in this sector by choosing a top cryptocurrency exchange in 2023. 

In this guide, we will look to analyse the best crypto exchanges in Finland by comparing them based on their fees, cryptocurrencies provided and additional features. 

The Top Bitcoin Exchanges in Finland Reviewed 

When looking for the best crypto exchange in Finland, users will want to compare the available options to see which platforms provide the lowest fees, allow trading in multiple cryptocurrencies and the payment deposits available at your disposal. 

In the sections below, we will look at Finland’s top crypto exchanges. 

1. eToro – Best Crypto Exchange in Finland

After researching and analysing the biggest crypto exchanges in Finland, we believe that eToro is the best crypto exchange in Finland for 2023. 

eToro is a global trading platform that hosts more than 27 million users from more than 140 countries. A secure platform, eToro is regulated by some top-tier regulatory bodies – including the FCA, FINRA, ASIC and CySec. 

Investors can complete a quick account set-up and verification process, after which they can begin trading with a minimum deposit of only $50. Users can deposit their money via Credit/Debit cards, bank transfers, or e-wallets like PayPal.

The eToro platform boasts a very straightforward user interface, allowing users to trade in more than 70m cryptocurrencies via their website or mobile app – available on iOS and Android. 

Furthermore, new investors have the opportunity to diversify their crypto assets with ‘Crypto Portfolios’ – a handy tool on the eToro website that works like a crypto ETF. For example, the ‘DeFi portfolio’ combines various DeFi tokens such as Ethereum, MANA and MATIC. 

Beneficial for new investors, eToro also charges some of the lowest rates in the space. Users simply pay a 1% spread on all trades, making it a very straightforward pricing structure to follow. 

eToro also provides users with a Bitcoin wallet, allowing investors to safely store their funds offline on a private key. 

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

2. Crypto.com – Earn Rewards with CRO tokens

Crypto.com is another of the best Finland crypto exchanges in 2023. Launched in 2016, Crypto.com is a global cryptocurrency platform with more than 10 million users. 

Users have the opportunity to buy, sell and trade more than 250 + cryptocurrencies, which can easily be accessed through the Crypto.com mobile app. Furthermore, Crypto.com also allows users to invest in CRO – its own native crypto token. 

CRO tokens can be used as an investment or even to reduce transaction fees on all transactions. For example, users must pay a slide fee of 0.40% per transaction, which reduces by 10% after holding a certain number of CRO tokens. 

Additionally, Crypto.com allows users to earn additional revenue by staking their crypto holdings and accumulating interest. According to the platform’s website, users can earn up to 14.5% interest by staking popular assets, including Bitcoin, Ethereum and ADA. A further 2% interest can be received by holding a certain amount of CRO. 

Users can purchase cryptocurrencies directly with a credit or debit card – which will result in a further fee of 2.99% per transaction. While users can fund their account balance with crypto free of charge, fiat deposits are not yet facilitated on the platform. 

Crypto.com also allows users to access their own NFT marketplace, a Crypto credit service for receiving loans and a Crypto.com DeFi wallet to swap and store tokens. 

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

3. Bitstamp – Advanced Trading Options with TradeView

For users looking to purchase cryptocurrencies in Finland, Bitstamp is one of the best Bitcoin exchanges in Finland.

Bitstamp is a popular crypto platform with more than 4 million users. The platform is a popular choice for advanced and skilled investors due to the number of tools & features at their disposal. 

Bitstamp gives users access to TradeView, its active trading platform. This allows investors to access real-time insights into the crypto markets, reliable order execution and powerful order types. Furthermore, users can set up their own trading interface and deploy their algorithmic strategies with the high-performance APIs that Bitstamp provides. 

In case users may need assistance whilst using these complex softwares to access charts, Bitstamp provides 24/7 customer support and a dedicated account manager to solve queries. 

With Bitstamp, you can begin trading Bitcoin and other cryptocurrencies for a low trading fee of 0.50%. This decreases o 0.1% as the trading volume increases. 

The one area of concern with Bitstamp is the high fees on deposits. A fee of 8% is applied on small credit card transactions, which decreases to 5% as the transactions increase. 

On Bitstamp, users can trade more than 50 cryptocurrencies in Finland. 

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

4. Coinbase – Trading Platform for Beginners and Advanced Traders

Coinbase is one of the biggest crypto exchanges in the world, with more than 98 million verified users trading from more than 100 countries. 

Coinbase is also one of the best cryptocurrency exchanges to use in Finland in 2023. With Coinbase, users can begin trading in 15 minutes after completing a simple KYC and verification process. 

Along with the web interface, the Coinbase app allows users to invest in more than 100 cryptocurrencies. The platform charges a commission of 1.49% per trade and a further 3.99% charge on credit and debit card transactions. 

However, users looking to access more trading options can begin trading with Coinbase Pro – the advanced version of Coinbase. With Coinbase Pro, users get access to more than 250 cryptocurrencies. For active traders, Coinbase Pro also presents various charting options to assist in trading strategies and analysis. 

Finally, users trading on Coinbase Pro does not require to pay any additional charges on credit/debit card transactions. 

For users looking to gain control of all their assets, Coinbase provides a crypto wallet that gives users complete control of their assets. Furthermore, 98% of all assets on Coinbase are stored offline on cold storage – which means that assets are protected from online hacking and phishing attacks. 

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

5. Binance – Multiple Passive Income Opportunities

Users looking for the top crypto & Bitcoin exchanges in Finland can take a look at Binance. This platform is the largest cryptocurrency exchange in terms of trading volume, allowing users to invest in more than 600 cryptocurrencies. 

One of the main reasons to use Binance is its low trading fees. While trading cryptocurrencies in Finland, Binance charges a spread fee of 0.1% per transaction – one of the lowest in the market. 

Users also can reduce their fees by a further 25% by holding BNB – the local token of Binance exchange. Another feature that Binance provides is leverage and margin trading. This allows users to increase the value of their trades and trade on the future price movements of a token. 

One of the best crypto exchanges in Finland, Binance provides multiple passive income earning opportunities on its platform. Firstly, users can stake their holdings and earn interest on tokens. Next, they can participate in the Binance referral programmes and earn a commission for every referral. This benefits new users looking to make additional income from the get-go. 

Binance is also suitable for advanced traders, providing many API keys for integrating software tools. However, Binance does charge a high fee of 4.5%on debit and credit card transactions. 

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

6. LocalBitcoins – Best Finnish Bitcoin Exchange 

For users looking to buy crypto locally in Finland, LocalBitcoins is one of the best Finland crypto exchanges in 2023. The Finnish Bitcoin exchange is a peer-to-peer marketplace that lets buyers and sellers directly trade Bitcoin. 

While LocalBitcoins initially let users buy Bitcoin with cash, a new regulation has been imposed to make the platform more secure and impose KYC processes before investing. The best Bitcoin exchange in Finland, LocalBitcoins, allows users to purchase Bitcoin using PayPal, wire transfers, SEPA, Neteller, Skrill and more. 

One of the reasons why LocalBitcoins is so popular is because it charges no fees for P2P trading. Users will only be charged the standard BTC fee when sending Bitcoin outside of the LocalBitcoins exchange. 

Additionally, a fee of 1% is charged for users making advertisements on the platform and any trades made as a result of these advertisements. 

LocalBitcoins also provides 2FA authentication protocols, login guards to safeguard users’.

personal details and an escrow service to hold the assets before a trade. 

7. Northcrypto – Best Finnish Crypto Exchange 

Northcrypto, another local Finnish crypto exchange, is a safe and simple-to-use marketplace in this region.

Facilitating locals with the opportunity to buy and sell multiple cryptocurrencies in just a few minutes, Northcrypto is the best cryptocurrency exchange in Finland. 

Northcrypto charges a very low trading fee which amounts to 0.1% per trade – including a maker/taker and slide fee.

Furthermore, there is no fee on deposits. This Finnish crypto exchange is a regulated currency provider registered with the Finnish Financial Supervisory Authority. Additionally, all customer cryptos are held in cold wallets, which are stored offline. 

Users can participate in Northcrypto exchanges referral programme – which rewards users when they invite new users to join the exchange and conduct a trade. With as little as €10, users can buy and sell Bitcoin, Ethereum, Litecoin, Chainlink, Polygon and MATIC. 

8. BitPanda – Popular European Cryptocurrency Exchange

Launched in 2014, BitPanda is one of the top crypto exchanges in Finland. BitPanda is a simple-to-use platform that provides users with a simplistic trading platform that is used solely for buying and selling cryptocurrencies. 

The interface is straightforward, providing historical price charts and important token information for users to analyse before making a trade. Users can trade BTC and other cryptocurrencies with the desktop interface or the BitPanda mobile app. 

BitPanda’s pricing structure is a little complex. While it charges a 1.49% fee for buying and selling cryptocurrencies, other fees may be incorporated into the price in real-time, making it somewhat invisible to the investor. 

Users can make deposits using MasterCard, Visa, Neteller, Skrill and bank transfers. However, each method has its own added charge per transaction as well. 

The Best Finland Crypto Exchanges Compared

Below you will find a comparison of the best crypto exchanges in Finland based on the assets available, trading fees and minimum deposits. 

How to Choose the Best Finland Cryptocurrency Exchange for You

While choosing the best Finland crypto exchanges, users may want to compare the various options based on their crypto options, fees involved and more. 

This will allow new investors to get a good idea of what to expect from the top crypto exchanges in Finland. Therefore, the sections below will cover some factors users should consider before choosing a cryptocurrency exchange. 

Regulation

Users may want to trade with a regulated cryptocurrency exchange in Finland. Regulated brokerages must follow guidelines and safety standards, making them a safer option for users and investors. 

It is also essential to look at the regulatory bodies that the top cryptocurrency exchanges in Finland are registered with. For example, eToro is regulated by multiple top-tier regulatory bodies including ASIC, FINRA, FCA and CySec – making it the best crypto exchange in Finland. 

Tradable Cryptos 

One of the most important factors to consider when choosing the best Finland crypto exchanges are the cryptocurrencies available to trade. Users may want to diversify their portfolios by investing in popular coins like BTC, metaverse-based tokens like MANA, or stablecoins. 

Thus, a cryptocurrency exchange that allows users to invest in various markets is necessary. For example, Binance is one of the biggest crypto exchanges, with more than 600 cryptos. 

On the other hand, LocalBitcoins is one of the popular Bitcoin exchanges in Finland, allowing users to only trade BTC.

Sign-up offers

Users may want to look at the further benefits and rewards they can receive from the best crypto exchange in Finland. Many of the best Finland crypto exchanges provide rewards and bonuses upon signing up. 

For example, Binance and Northcrypto allow users to earn rewards when they refer other users who sign-up on the platform and begin trading. 

Fees

Since fees can change the cost involved when making a trade; it is one of the most important factors to consider when looking for the best cryptocurrency exchanges. The best cryptocurrency exchanges in Finland provide a simple pricing structure without any hidden costs. 

For example, Binance charges a simple maker/taker fee beginning at 0.1% per transaction, while other top cryptocurrency exchanges in Finland, like Crypto.com, charge a simple maker/taker fee of 0.40%.

Tools & Features

Additional tools & features can make trading a better experience for multiple users.  On the one hand, platforms like eToro simplify trading for new investors with access to Crypto Bundles to access multiple cryptos together. 

On the other hand, BitStamp offers an advanced trading platform that lets users access complex charting options and tools. 

Payment methods

Users may want access to various payment methods when trading cryptocurrencies. For example, direct Euro transactions may be preferable when trading with a Finnish crypto exchange. 

BitPanda is one of the best Bitcoin exchanges in Finland, allowing users to deposit money using multiple e-wallets, bank transfers, MasterCard and VISA. 

Customer service

The best Finland crypto exchanges will provide a high-quality customer support team that can work around the clock to support users. This is very crucial for beginners, who may require attention during the starting of their investing journeys. 

Bitstamp is one of the best Finland crypto exchanges, providing 24/7 customer support and a dedicated account manager to solve queries and problems. 

How to Use a Finnish Crypto Exchange 

Now that users can review some of the best crypto exchanges in Finland, the next step is to begin trading cryptocurrencies. 

In the sections below, we will provide a step-by-step process of how to buy cryptocurrencies with eToro – the best crypto exchange in Finland. 

Step 1: Open an Account with eToro

The first step is for users to head over to the eToro website or mobile app and begin the registration process. 

Users will be required to provide their personal information – including their full names, email address, phone number and date of birth. Users will then be required to choose a username and password. 

Step 2: Identity Verification

Next, users must complete a mandatory verification process by uploading two documents. 

• Firstly, upload a valid photo ID. This can be either a passport copy or a valid driver’s license of yourself. 
• Secondly, you will need to provide a proof of address. This can be done by providing a bank statement or any utility bill. 

Step 3: Deposit Funds

The next step is to deposit funds into the account. eToro supports various payment methods, including credit/debit cards, bank transfers and e-wallets like Neteller, Skrill and PayPal. 

Step 4: Search for your cryptocurrency

After depositing your funds, users can begin trading for their preferred cryptocurrency. If users are interested in trading Ethereum, they can search for the asset on eToro’s search bar on the homepage. 

Click on “Trade” on the right-hand side to continue. 

Step 5: Buy Cryptocurrencies

The final step is to complete the buy order. 

Enter the amount of money you wish to deposit into the trade and click on “Open Trade” to confirm the transaction. 

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

Are Crypto Exchanges Legal in Finland?

The Finnish government and the country’s central bank have termed cryptocurrencies as high-risk assets, so they do not qualify as real currency. However, government agencies and financial regulators have termed these assets as instruments of payment, which are speculative. 

This means that cryptocurrencies can be used as tradable assets to buy, sell and purchase in Finland. Since the country has not banned cryptocurrency trading, many local cryptocurrency exchanges have also been emerging in Finland. 

For example, Northcrypto is a local Finnish crypto exchange which is regulated and registered by the Finnish Financial Supervisory Authority. 

Crypto Tax in Finland

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. 

Conclusion 

In this guide, we have reviewed some of the best cryptocurrency exchanges in Finland for 2023. Users from Finland can also invest in cryptocurrencies like bitcoin from Finnish Bitcoin exchanges, which operate locally. 

After comparing the best Finland crypto exchanges on the available fees, payment options and tradable cryptos, we recommend eToro as the best crypto exchange in Finland. 

Users can begin investing with eToro using the link below:

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

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