Finland has accepted cryptocurrency since 2018, and the Financial Supervisory Authority (Fin-FSA) regulates cryptocurrency exchanges. Although this government organization has strict requirements for crypto exchanges, it isn’t enough if you want the best service.
Hence, this guide will expose you to the best crypto exchanges in Finland and the essential qualities to look for in exchanges. You’ll see the best value-for-money exchanges, the exchanges with locally accepted payment methods, and the exchanges with all essential features.
Top Crypto Exchanges in Finland reviewed
A lot of research was conducted on all crypto exchanges in Finland, and five have stood out as the best. Continue reading to find out more about these five cryptocurrencies and what makes them unique.
- Bybit – Best overall crypto exchange in Finland
- Bitget – Best crypto exchange with user-friendly UI
- Uphold – Free deposits and withdrawals crypto exchange
- Northcrypto – Simple user interface
- OKX – Best crypto exchange with low derivative fees
1. Bybit
Headquartered in Dubai, Bybit is one of the fastest-growing exchanges in Finland, with over 400 cryptocurrencies supported. Its daily trading volume, according to Coinmarketcap, is $12.7 billion on average. Bybit offers a user-friendly UI and low trading fees, among other features, making it Finland’s best exchange.
Bybit is the best Finnish crypto exchange for you if you’re an advanced trader. It offers trading bots and crypto loans and allows you to purchase NFTs and more than 400 cryptocurrencies. Its options trading features are one of the best, as it supports ETH, SOL, and BTC.
Beginners can also use this exchange and benefit from its user-friendly UI, demo trading service, and copy trading service. Bybit security is also reliable, as they’ve got cold storage, two-factor authentication, proof of reserve, and algorithmic encryption.
Traders on Bybit can purchase cryptocurrencies using euros through SEPA transfers, Easy Bank Payment, Zen, and Advash Wallet. Deposits using SEPA and Advcash Wallet are free, while Zen and Easy Bank Payment come with 0.92% and €0.30 fees, respectively. Withdrawals also come with fees, but this depends on the payment method.
If you want to learn more about the platform, you can read our full Bybit review.
Supported Cryptos: Over 400+ cryptocurrencies
Futures Contracts: 225+ Futures contracts
Max. Leverage: 100x
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.055% taker
Deposits & Withdrawals: Euro deposits and withdrawals are accepted via SEPA bank transfer, Advcash Wallet, and Easy Bank Payment
Licensed & Regulated: Regulated by FinCEN as a Money Service Business (MSB).
2. Bitget
Bitget has a 24-hour trading volume of 7.5 billion on average, making it one of Finland’s best crypto exchanges for serious traders. This platform was founded in 2018 and has more than 500 cryptocurrencies available. Its position as one of Finland’s best exchanges is also earned from its user-friendly interface, making it a top choice for beginners.
The copy trading experience on Bitget is one of the best, with access to world-class traders. Advanced bots are also available for traders who want to automate their trades.
Bitget offers reliable security as the exchange has never been hacked. Beginners can visit the Bitget Academy to enhance their knowledge of cryptocurrencies and trading as a whole.
This platform also stands out for its intuitive user interface.
Traders can make crypto purchases on Bitget in euros using Mastercard/Visa cards or Union Pay. Deposits are free on this platform, while withdrawals are charged based on the cryptocurrency in question.
If you want to learn more about the platform, you can read our full Bitget review.
Supported Cryptos: Over 500+ cryptocurrencies
Futures Contracts: 50+ Futures contracts
Max. Leverage: 125x
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.06% taker
Deposits & Withdrawals: Deposits and withdrawals in euros through Union Pay or Mastercard/Visa bank cards
Licensed & Regulated: FinCEN regulates this platform, and the platform also works with an MSB license
3. Uphold
Uphold is an exchange that launched in 2015 with more than 10 million registered users and supports 250 digital coins. This platform has powered transactions worth more than $4 billion. It’s one of the best crypto platforms due to its transparent nature and user-friendly UI.
Uphold allows traders to earn passively through a 16% APY on staked tokens. It also trades various cryptocurrencies, stablecoins, and fiat currencies.
Apart from its crypto trading services, Uphold also allows its users to trade forex, precious metals, and equities. Security is not a problem on this platform, which supports cold storage and two-factor authentication.
Uphold offers free deposits via debit card, credit card, Apple Pay, Google Pay, and SEPA bank transfers. Withdrawals are through SEPA transfers and debit cards, and they are also free. Traders can purchase cryptocurrency in euros on this platform.
If you want to learn more about the platform, you can read our full Uphold review.
Supported Cryptos: Over 250+ cryptocurrencies
Futures Contracts: No futures
Max. Leverage: none
Spot Trading Fees: 0.9% maker / 0.9% taker
Futures Trading Fees: No futures
Deposits & Withdrawals: Euro withdrawals and deposits through SEPA, Google Pay, Apple Pay, and credit/debit cards
Licensed & Regulated: Regulated by OFAC, FCA, FCIS, and FinCEN
4. Northcrypto
Northcrypto is a local Finnish crypto exchange that was established in 2018 to provide easy purchases and sales of digital coins. Many traders adore Northcrypto because of its simplicity and support for only 8 coins, making it one of the simplest options for Finnish crypto traders.
Northcrypto allows traders to buy and sell eight cryptocurrencies: ApeCoin, Bitcoin, USD Coin, Litecoin, Polygon, Chainlink, Ethereum, and Aave. All trades performed on this platform come with a 1% trading fee.
Simple designs and easy usage have earned the respect of the many traders that use this platform. It’s suitable for beginners who are only interested in purchasing and selling cryptocurrency. In addition to this service, Northcrypto also offers private banking services.
Deposits are free on this platform, while withdrawals come with a €1 charge. Traders can purchase cryptocurrency on this platform with euros through SEPA bank transfers.
Supported Cryptos: 8 cryptocurrencies
Futures Contracts: No futures
Max. Leverage: none
Spot Trading Fees: 1.0% maker / 1.0% taker
Futures Trading Fees: No futures
Deposits & Withdrawals: Euro withdrawals and deposits through SEPA bank transfer
Licensed & Regulated: Regulated by the Finnish Financial Supervisory Authority
5. OKX
With a daily trading volume of $18.7 billion, OKX has established itself as one of the best crypto exchanges in Finland. This platform launched in 2017 and offers over 340 digital coins. OKX is known for its high leverage and low derivative costs, which allowed it to earn its place as one of Finland’s best futures exchanges.
OKX allows you to trade more than 340 cryptocurrencies alongside derivatives like margin, spot, and futures trading. Trading bots are available on this platform, along with the option to create a customized trading bot. There are 750 reliable trading pairs on OKX, suitable for anyone interested in crypto trading.
Security won’t be an issue with OKX, as the platform has never had a successful hack attack. Reliability won’t be an issue either, as this platform offers proof of reserves and a “Risk Shield” security fund worth $700 million.
OKX supports euro payments and allows traders to purchase cryptocurrency with Apple Pay, Visa, bank transfers, and Mastercard. Deposits on OKX are free, while withdrawal fees depend on the digital coin in question.
If you want to learn more about the platform, you can read our full OKX review.
Supported Cryptos: Over 340+ cryptocurrencies
Futures Contracts: 220+ Futures contracts
Max. Leverage: 100x
Spot Trading Fees: 0.08% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.05% taker
Deposits & Withdrawals: Euro withdrawals and deposits through Mastercard, Visa, bank transfer, and Apple Pay
Licensed & Regulated: Regulated by VASA and CySEC
Is Crypto Legal in Finland?
Yes, cryptocurrency is legal in Finland, and it is regulated by the Financial Supervisory Authority (Fin-FSA). This government authority is in charge of all digital currency providers and exchanges in Finland. It ensures that these organizations hold themselves to high standards to ensure safety and reliability.
The Fin-FSA also ensures that cryptocurrency exchanges work in line with CFT regulations and anti-money laundering regulations. This is following the 5th Anti-Money Laundering Directive.
Keep in mind that you might be required to pay taxes like capital gains on your crypto investments. To be on the safe side of the law, you should contact a tax advisor regarding this.
How to buy Crypto in Finland?
Now that you’re familiar with the best crypto exchanges in Finland, it’s time to get your hands on some of your own. Below is a guide that’ll show you how to purchase cryptocurrency in Finland.
- Select a crypto exchange: We’ve recommended the five best crypto exchanges available in Finland. So, just choose any one that you prefer.
- Register with the platform: After making your choice of crypto exchange, the next step is to open an account with them. Registering with a crypto exchange is easy, and most require basic information like your email and password.
- Go through the KYC procedure: Crypto exchanges are required by AML law to have their customers undergo Know Your Customer (KYC) procedures. This can come before you deposit funds on the platform or before you can withdraw funds from it.
- Deposit funds: Successfully completing the KYC procedure will allow you to log into your account. When you do this, you can visit the deposit page and fund your account using the payment methods on the platform.
- Purchase cryptocurrency: After your funds have been successfully received into your account, you can use them to purchase cryptocurrency. So, just choose the coin that you want and pay for it using your preferred payment method.
If your payment is successful, the purchased coins will be delivered to your account. You can either store it in the wallet attached to your account on the platform or transfer it to your wallet.
Final Thoughts
Cryptocurrency is legal in Finland, and the Financial Supervisory Authority regulates all cryptocurrency-related activity. So, all crypto exchanges that operate in Finland do so after meeting the requirements demanded by this government body.
The best crypto exchange overall in Finland is Bybit. Bybit is the exchange that stands out due to its low trading fees, user-friendly interface, and 400+ cryptocurrencies. This platform also offers advanced trading features and reliable security features like two-factor authentication.
Other great Finland exchanges include Bitget and Uphold, with Uphold offering free transactions for 250 cryptocurrencies. Northcrypto, based in Finland, provides a straightforward UI for cryptocurrency trading. OKX boasts over 340 cryptocurrencies and offers robust security and various derivative trading options.
