Bitcoin is the de-facto digital currency that runs independently of any government monitoring or central authority. The good news is that it’s never been easier for Finnish traders to buy Bitcoin from the comfort of home.
For those new to crypto, this guide explains how to buy Bitcoin in Finland safely and with low fees. We also detail the benefits of adding Bitcoin to a portfolio, alongside an overview of the best online brokers for the task.
Finish traders can skip the KYC process but will not be able to make a withdrawal and will be limited on the deposit amount accepted. Although it has to be said, the whole KYC process takes less than 2 minutes on average.
As such, most traders upload their ID and proof of residency at the time of creating an account.
We offer a more detailed walkthrough of how to sign up and buy Bitcoin Finland with low commissions later on. This will be useful for beginners as screenshots are included.
Note: Finnish traders will find that most Bitcoin brokers operate in the world’s reserve currency, US dollars. As such, we will refer to any fees and spot prices in USD instead of EUR throughout this guide on how to buy Bitcoin in Finland.
Where to Buy Bitcoin in Finland
It is super important that traders properly research where to buy Bitcoin in Finland.
Below is a list of the top brokers that allow Finnish traders to access Bitcoin in a low-cost manner.
In these reviews, we include information surrounding fees, features, ease of use, alternative assets, and much more. This should alleviate some of the stress of deciding where to buy Bitcoin in Finland.
1. Crypto.com – Buy and Sell Bitcoin Plus 250 Other Digital Assets
Crypto.com is another good crypto exchange in Finland for traders looking to buy Bitcoin in Finland, and there are also more than 250 alternative digital assets available. The commission fee to trade is capped at 0.4% on all cryptocurrencies. This platform has its own native token called CRO.
When using this digital currency to pay trading fees, investors are entitled to a rebate. When opting for this, traders will find that fees have been deducted from the CRO balance instead of their funds.
There are also staking benefits at Crypto.com. When staking CRO for 180 days or more, traders can receive up to 14.5% APR on a daily basis. When it comes to funding a Crypto.com account, options include SEPA, which is fee-free. There is also the more speedy option of credit/debit card deposits, however, note this attracts a fee of 2.99% of the amount.
The minimum deposit is $20 (about 19 EUR). Furthermore, as well as offering Bitcoin and other crypto assets, this platform also provides access to an NFT marketplace. This enables Finnish traders to buy NFTs fee-free. People can also auction off and bid on rare digital assets, mint creations into NFTs, and showcase collections in a digital gallery.
Importantly, as we touch on later, traders should be aware that cryptocurrencies are taxed in Finland. As such, when traders exchange or buy Bitcoin, they will have to pay capital income tax on gains made from crypto transactions. Moreover, income earned from the mining of Bitcoin is subject to municipal and progressive earned taxes.
Crypto.com makes it easier for Finnish Bitcoin traders as there is a tax calculator available. This allows Finnish traders to import transactions and generate a full crypto tax report, without the need for a third party. Moreover, Crypto.com offers a free mobile app for those who wish to check their investments or buy Bitcoin on the move.
|Number of Cryptos||250+|
|Debit Card Fee||2.99%|
|Fee to Trade Crypto||Up to 0.4% standard commission|
Cryptoassets are a highly volatile unregulated investment product.
2. Bitstamp – Great Bitcoin Exchange for Experienced Pros
Bitstamp is based in Luxembourg and offers more experienced traders a great platform from which to buy Bitcoin in Finland. This crypto exchange provides traders with access to an intuitive interface.
The platform is primarily aimed at pro investors. It features an advanced desktop interface with numerous analytical tools, various order types, and real-time insights into the markets.
The Bitstamp platform also offers leading API connectivity and a fully comprehensive mobile app or full trading functionality on the go.
In terms of fees, there is a standard commission of 0.5% payable to buy Bitcoin. This fee is reduced for traders that buy and sell cryptocurrencies in higher quantities.
There are more than 155 markets to trade at Bitstamp. Traders can fund their accounts via SEPA with no charge. Alternative deposit methods are inclusive of credit/debit cards, although notably, this attracts a fee of 5%.
|Number of Cryptos||155+ markets|
|Debit Card Fee||5%|
|Fee to Trade Crypto||Up to 0.5% standard commission|
|Minimum Deposit||Not stated|
Cryptoassets are a highly volatile unregulated investment product.
3. Coinbase – Buy Bitcoin in Minutes With Visa/MasterCard
Coinbase is a highly reputable crypto exchange from which to buy Bitcoin in Finland. There is a commission fee to buy cryptocurrencies at Coinbase. This is 1.49% of each buy and sell order. There are multiple payment methods supported at Coinbase.
Traders can make a deposit via SEPA, which is free of charge. Traders can also buy Bitcoin with PayPal, or alternative options include credit/debit cards which are instant. However, do note the latter payment types command a fee of 3.99%.
A minimum deposit of $50 is recommended. Whereas, the minimum trade is $10. Coinbase offers some advanced trading tools via its pro platform. This includes advanced order options and interactive charts.
Coinbase has also launched an NFT marketplace. Moreover, this platform is popular for its Coinbase Earn feature. This allows traders to earn digital assets whilst they learn about the markets.
Put simply, via Coinbase Earn, traders can watch videos and complete quizzes to receive digital tokens. The Coinbase Visa card allows people to spend digital currencies as they would fiat.
Traders interested in this may also like the Coinbase Card app. This makes it easier to track Bitcoin transactions and manage their spending on the go. Moreover, qualifying traders can borrow cash using Bitcoin as collateral.
|Number of Cryptos||150+|
|Debit Card Fee||3.99%|
|Fee to Trade Crypto||1.49% standard commission|
|Minimum Deposit||$50 is recommended|
Cryptoassets are a highly volatile unregulated investment product.
4. Binance – Low-Commission Bitcoin Exchange
Binance is one of the world’s largest cryptocurrency exchanges. Traders can buy Bitcoin in Finland whilst paying a standard commission of 0.1%. Furthermore, there are 600 other crypto assets to choose from.
When making a deposit, debit cards are accepted, and choosing this option will lead to the Binance account being funded instantly. That said, note that these transactions come with a charge of 1.8%. This fee can be avoided by opting for a SEPA deposit instead.
Binance offers a Visa card that allows Finnish traders to buy Bitcoin and use it to pay for everyday purchases in stores around the country and beyond. Discounts are offered by Binance if traders buy some BNB tokens. In this case, they can opt to use BNB to pay for fees and get 25% off.
Not only that but the aforementioned standard commission fee can be reduced for high-volume traders. This platform often runs promotions, such as cashback or the opportunity to earn crypto by referring a friend.
Binance also has an NFT marketplace, plus, Finnish traders can buy Bitcoin via the Binance P2P platform. This allows users to interact with each other and choose different rates and payment types.
Binance P2P is fee-free and offers a range of buy and sell orders. Binance’s Escrow system protects all transactions on the P2P platform to deter scammers.
|Number of Cryptos||600+|
|Debit Card Fee||1.8%|
|Fee to Trade Bitcoin||0.1% standard commission|
|Minimum Deposit||Varies depending on the payment type|
Cryptoassets are a highly volatile unregulated investment product.
5. LocalBitcoins – Regulated Finnish P2P Bitcoin Exchange For Beginners
LocalBitcoins is a P2P crypto exchange platform that was founded in 2012 and is based in Helsinki. LocalBitcoins operates under the supervision of FIN-FCA (the Financial Supervisory Authority of Finland).
As such, this is a regulated Finnish marketplace whereby traders are able to buy and sell Bitcoin. On this platform, traders create adverts that include the payment method accepted, and the price offered.
Comparable to a listing, the trader will choose the most suitable advertisement to buy Bitcoin. There are more than 60 payment methods accepted by sellers on this P2P exchange.
In all cases, traders can buy a fraction of a Bitcoin. The minimum of which will depend on the advertisement chosen. In terms of fees, the platform says buying, selling, and registering are completely free of charge.
However, transactions to other wallets come with a fee, and there is also a 1% charge applied to advertisements that result in a completed trade on the exchange.
This fee is paid to miners and will vary. The minimum and maximum buy amount, as well as the supported payment type, will be listed alongside the advertisement.
|Number of Cryptos||Bitcoin only|
|Debit Card Fee||0% although external transfer fees apply|
|Fee to Trade Bitcoin||Fee depends on the seller|
|Minimum Deposit||Varies depending on the seller|
6. Northcrypto – Low Fee Crypto Exchange Based in Finland
Northcrypto is a marketplace for digital currencies based in Finland. Notably, this exchange doesn’t list as many crypto assets as some of the other platforms discussed today.
We found that, as well as Bitcoin, traders can buy and sell Litecoin, Ethereum, USDC, Chainlink, Polygon, and Aave. Importantly, there is a trading fee applicable to anyone looking to buy Bitcoin on this platform.
The trading fee at Northcrypto is 1.0% per buy and sell order placed. The minimum deposit is just 10 EUR when finding an account, and there are a few payment types accepted.
Finnish traders can deposit EUR in real-time via most local bank providers – according to the platform. There is no fee to pay when funding a Northcrypto account
Although there will be a certain amount of confirmations required before a crypto deposit clears. For example, those opting to make a deposit with Ethereum need 20 network confirmations prior to the tokens being credited to the account.
|Number of Cryptos||7|
|Debit Card Fee||Not supported|
|Fee to Trade Bitcoin||1.0%|
|Minimum Deposit||10 EUR|
Should I Buy Bitcoin?
When learning how to buy Bitcoin in Finland, traders will come across the many pros and cons of doing so. As such, they may feel conflicted about whether it is a wise investment.
Bitcoin is a secure and anonymous alternative payment system and it is being accepted by more merchants with each passing year. As more vendors become comfortable and trusting of digital funds, this trend is likely to continue. BTC tokens can be exchanged for other digital assets, as well as hundreds of fiat currencies, and it is now accepted by companies like PayPal.
This makes it easier than ever to buy Bitcoin instantly. Many investors also see Bitcoin as a store of value. It is widely referred to as ‘digital gold’ for this reason. Due to the scarcity and durability of Bitcoin, there is every chance that its value will appreciate over time.
This is because, when the supply of a desirable product is restricted, demand for it rises, and the value increases with it. Despite its many short-term price fluctuations, Bitcoin has produced some great returns since it was launched in 2009.
For instance, on the first trading day of 2021, investors would have paid around $31,000 for a BTC token. Within three months, they could sell the same Bitcoin for over $61,000.
Moreover, those who invested in Bitcoin in its infancy would be looking at gains of almost three million percent at the time of writing. That said, when deciding whether to buy Bitcoin online, it’s important to remember that this, and other cryptocurrencies, are highly speculative and volatile assets to trade.
Benefits of Buying Bitcoin in Finland
As well as considering when to buy Bitcoin, traders should also research the potential advantages of doing so.
Below, we’ve listed some of the key benefits of learning how to buy Bitcoin in Finland.
Bitcoin is Often Viewed as a Store of Value
Bitcoin has incredibly high trading volumes and is therefore super liquid. As such, it is very easy to exchange Bitcoin for fiat money like euros and also altcoins.
Bitcoin is also invested in as a store of value.
- In years gone by, gold was seen by many investors as the best store of value
- However, Bitcoin has inherently arisen as a store of value because of its durability and scarcity
- This is despite the fact that it has no industrial applications like gold or oil, it can be used as a payment system
- Due to growing trends in society, it’s possible Bitcoin will be chosen as the best store of value, with fiat currency utilized for daily transactions
- Only 21 million Bitcoins will be accessible and no amount of effort or energy will be able to change the quantity in circulation
Put simply, the fact there is a limited amount of Bitcoin available should mean that its value will potentially increase.
As such, people who invest in Bitcoin in Finland now as a store of value may well see some impressive gains later down the line.
Bitcoin is Independent Of Central Authorities
When people buy Bitcoin, they are investing in a decentralized currency.
Decentralization is at the heart of the Bitcoin network, which is one of the reasons so many people are interested in investing in it.
- Thousands of computers are used to protect and run the Bitcoin network. This implies that if one machine fails, the network will be unaffected
- Because the blockchain maintains a ledger with information about every Bitcoin transaction, this method is transparent. That implies that even if one miner attempts to block a transaction, another node will validate it and add it to the ledger
- Nobody can supervise or monitor financial activities since there is no centralized authority. As a result, decentralized finance emerges, with users able to deposit funds without the need for external intervention
- In Bitcoin’s decentralized system, each member has democratic power and financial sovereignty
- Unlike fiat currencies such as the euros, investors have complete control over their BTC tokens – that is, without the involvement of banking institutions
Bitcoin and other decentralized networks are open-source initiatives.
That implies that anybody may use them to create products, apps, and services. Ultimately, Bitcoin is the original and highest value decentralized cryptocurrency.
Bitcoin is a Digital Payment Method and The List of Merchants Accepting it is Growing
Bitcoin has the advantage of being very accessible and adaptable. As we mentioned, the cryptocurrency is very liquid, so can be traded with altcoins and fiat money easily.
Moreover, because sending Bitcoin to another user takes only 10 minutes, it may be used to buy products and services from the ever-growing number of businesses.
This makes spending digital currencies like Bitcoin and converting them easily, with the added benefit of low costs.
The type of businesses that accepts Bitcoin as payment include:
- Car dealerships
- Travel sites
- Real estate companies
- Insurance companies
- Non-profits and charities
- Gas stations
The list of merchants that accept Bitcoin as a form of payment continues to grow.
Some of the most well-known brands that accept Bitcoin include PayPal, Microsoft, Etsy, Starbucks, and Overstock. This decentralized currency is becoming more mainstream, making it a legitimate way to pay for goods safely.
Investors can Buy Bitcoin Instantly in Finland via an ATM
Traders may or may not be aware that they can buy BTC in Finland at an ATM.
A Bitcoin ATM is similar to traditional machines. The difference is that a trader will feed euros into the Bitcoin ATM, enter an amount to buy, and the crypto tokens will be added to the chosen wallet.
There are multiple Bitcoin ATMs in Finland.
Some of the locations from which Finnish traders can buy Bitcoin via an ATM include:
- and other locations
Bitcoin ATMs can be found in shopping centers, arcades, vape shops, and more.
This is a convenient way to buy Bitcoin in Finland, but it’s important to check out the fees involved as each machine will vary and it’s often much cheaper via an online broker.
Bitcoin is one of the Best Performing Assets of the Last Decade
As we touched on, Bitcoin has given its investors some incredible returns over the last decade. Bitcoin was practically worthless when it was launched in 2009.
Its all-time highest price was over $68,000. This occurred in November 2021.
At the time of writing, traders can buy Bitcoin online for about $22,000. This is almost 68% below its all-time high. In some people’s eyes, this represents a bargain.
As we touched on, Bitcoin has produced some impressive gains for investors in the past. In fact, since it was launched, it has increased by millions of percentage points.
Those who believe in its sustainability and long-term value appreciation could familiarize themselves with Bitcoin now to reap the rewards later.
Risks of Buying Bitcoin in Finland
As we’ve covered the potential advantages of learning how to buy Bitcoin in Finland, it’s crucial we also talk about the risks traders might face.
Find the main risks of opting to buy BTC in Finland below:
Tax is Payable When Buying Bitcoin in Finland
In Finland, Bitcoin profits are taxed as capital income.
As such, cryptocurrency gains are comparable to dividends from publically traded stocks, and rental income in the country.
- Bitcoin trading profits are taxed when they are converted into other currencies, such as euros, or when things are purchased using BTC.
- In Finland, capital income is taxed at 30% for amounts under 30,000 euros and 34% for amounts beyond that.
- Only the earnings portion of online Bitcoin trading will be subject to taxation.
Traders looking to buy Bitcoin online who want to mine tokens should also be aware that taxes are levied on operations in addition to commerce.
This is because Bitcoin mining is regarded as labor-intensive activity in Finland.
As such, any gains made from mining Bitcoin are taxed similarly to wage income. Bitcoin mining is subject to the progressive income tax.
Cryptocurrencies are Highly Speculative Assets
Bitcoin investors need to have nerves of steel. In the short term, this crypto asset can rise or fall in double percentages in one trading day.
Although volatility can work in an investor’s favor upon cashing out at the right time, it also means they are vulnerable to losses.
For instance, investors who decided to buy Bitcoin online in late 2021 would have seen their investment decline in value by around 30% within just two months.
This is something to be mindful of prior to opting to buy Bitcoin in Finland.
Ways of Buying Bitcoin in Finland
The best Bitcoin exchanges in this marketplace support a wide variety of payment methods.
The most common ways to buy Bitcoin in Finland online are discussed in the sections below:
Buy Bitcoin With SEPA
Traders can buy Bitcoin in Finland by arranging a SEPA transfer. This payment method is usually free of charge.
However, note that it will be some days before the funds will clear.
As such, those who wish to buy BTC in Finland today might opt for a faster payment method, such as PayPal or a credit/debit card.
Buy Bitcoin With Credit Card or Debit Card
Finnish investors can also opt to make a deposit via credit or debit cards at many brokerages. That said, look out for fees.
- Crypto.com charges a 2.99%
- Coinbase charges 3.99%
- Bitstamp charges 5%
Buy Bitcoin With PayPal
Not all trading platforms list PayPal among their accepted payment methods.
Most investors will be all too aware that, like most tradable assets, supply and demand largely dictate the price of Bitcoin. As we touched on earlier, Bitcoin started trading at less than a cent in 2009.
At the start of 2017, Bitcoin broke the $1,000 barrier. This was the year of the crypto bull run and by December 2017, Bitcoin was trading at nearly $20,000. This illustrated an increase of over two million percent in eight years of trading.
As such, any investors who got in early and purchased Bitcoin when it began trading would have made some impressive gains by cashing out at this time. Bitcoin continued to increase in popularity as more people began to understand digital currencies.
However, Bitcoin fell victim to a crypto crash at the start of 2018. This was partly down to news of hackers stealing a huge amount of tokens from a major crypto exchange.[crypto_chart id=839]
There was also regulatory uncertainty due to China and the US’s crackdown on digital currencies. Additionally, it’s possible Bitcoin’s scaling issues caused uncertainty amongst investors.
The years that followed saw more media attention surrounding Bitcoin and altcoins, which increased interest in cryptocurrencies from retail investors. At this point, the cryptocurrency industry began to take off again. By 2021, Bitcoin had reached extraordinary heights – trading at a value of around $68,000 by November.
By the end of January 2022, Bitcoin was trading at around $35,000. 2022 has seen Bitcoin trading at lows of around $21,000 and highs of almost $47,000. Finnish traders can easily keep an eye on the price of Bitcoin at a brokerage.
Bitcoin Price Prediction
As you can see from the above information surrounding the Bitcoin price history, making a prediction on such a speculative asset class is no simple task. Some market analysts foresee Bitcoin far surpassing its previous $68,000 high.
However, it’s wise to take predictions as speculation. As such, traders should perform as much research as they can prior to placing an order to buy Bitcoin in Finland.
How to Buy Bitcoin Safely in Finland
Learning how to invest in Bitcoin should include how to do so safely.
One way in which traders can do this is to be extra careful when deciding where to buy Bitcoin in Finland.
- Regulated brokers follow strict rules and tend to offer a better and more professional service
Another way to buy Bitcoin in safety is to consider the storage of the digital investment.
Some crypto exchanges require investors to take care of private keys and secure their own investments.
How to Buy Bitcoin in Finland – Tutorial
For traders who need a more detailed account of how to buy Bitcoin in Finland, we offer a step-by-step guide below.
Step 1: Open a Crypto Account
Choose the site you want to use to buy Bitcoin, and head to the website. From there, find the option to create an account.
You’ll be asked for a few pieces of personal information and to set up security with a username, password, and sometimes two-factor authentication.
Step 2: Upload ID
Regulated brokers will require you to complete the KYC process prior to offering a fully functional account.
First, some ID is needed. For many people, a passport is the most convenient. However, most brokers will also accept driving licenses and supports some other options.
For proof of residency, traders can upload a clear bank statement, utility bill, or one of the many other documents accepted.
Step 3: Deposit Funds
To buy Bitcoin in Finland, traders will need to arrange a deposit to their broker account. The site you’ve chosen should have a simple process where you choose your deposit method and follow on-screen prompts.
The minimum deposit will be different across platforms.
Step 4: Search for Bitcoin
Look for the search icon or search bar on your crypto trading platform. Type in Bitcoin or BTC to find the coin and see some historical pricing information.
Step 5: Buy Bitcoin
Next, you need to choose how much to buy. You should be able to choose between how much BTC you want based on the USD amount you want to invest or how many coins or fractions of a coin you want to own.
How to Sell Bitcoin in Finland
When a trader is familiar with how to buy Bitcoin in Finland, selling should be simple.
Here is a quick walkthrough of how to sell Bitcoin at a broker:
- Log into your account
- Go to your portfolio of investments
- Find your Bitcoin holding
- Complete the on-screen steps to close your BTC position
In this guide, we’ve explained how to buy Bitcoin in Finland with minimum effort – in a low-cost and safe manner. Choosing a reputable and regulated trading platform is the safest way any trader can buy and sell cryptocurrencies like Bitcoin.