Buy Crypto & Bitcoin in Estonia

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  • Popular Exchanges to Buy Crypto & Bitcoin in Estonia
  • eToro exchange logo
    eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    BUY NOW at eToro's Secure Site

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • bitpanda exchange logo
    Bitpanda
    • Crypto exchange based in Europe
    • Buy bitcoin with card, SEPA, SOFORT
    • Trusted exchange
    BUY NOW at Bitpanda's Secure Site
  • coinbase exchange logo
    Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
    BUY NOW at Coinbase's Secure Site

eToroeToro
Buy Now at eToro's Secure Site

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Pros
  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now Read Review

BitpandaBitpanda
Buy Now at Bitpanda's Secure Site

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Our guide will show you how to buy bitcoins with a credit card on Bitpanda.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now Read Review

CoinbaseCoinbase
Buy Now at Coinbase's Secure Site

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get up to $36 in free crypto when you signup using Coinbase Earn.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Now Read Review

Coinbase ProCoinbase Pro
Buy Now at Coinbase Pro's Secure Site

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Paybis's Secure Site

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at Kriptomat's Secure Site

Kriptomat is a Bitcoin & crypto exchange based in Europe. It offers quick verification and the ability to buy bitcoin, ether, litecoin and other coins. Buyers can get coins using a credit card, debit card, SEPA, Skrill, Sofort and other payment methods.

Pros
  • Available in 23 languages
  • Quick verification process
Cons
  • Limited payment methods
  • Only supports EU countries
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitpanda Pro's Secure Site

Bitpanda Pro is Bitpanda's traditional exchange product, where users trade with each other instead of buying directly from Bitpanda. This means lower fees and more advanced trading options than Bitpanda's main brokerage service.

Pros
  • Founded in 2014
  • Easy to use order book
  • High volume means more efficient order filling
Cons
  • To get full discount on fees, you must stake their altcoin
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bity's Secure Site

Bity is a Bitcoin exchange and ATM operator, based in Switzerland. Their 5 ATMs allow for a quick first purchase and only require phone verification for an initial buy limit of 1,000 EUR or CHF. Their online service accepts wire transfers, SOFORT and online bank transfers.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
fees icon
Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitstamp's Secure Site

BitStamp is one of the world's largest and most well-known Bitcoin exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Good range of deposit and withdrawal options
  • Deep liquidity promotes a price close to fair market rate
  • Offers wide range of altcoins
Cons
  • Has been hacked before, users should not store funds on the exchange for any period of time
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
  • Geared towards traders; slightly confusing for first time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

Buy Now at Bitfinex's Secure Site

Hong Kong-based Bitfinex has long been one of the largest USD Bitcoin exchanges in the world. Bitfinex accounts may be funded by bank wire only, their fee on accepting such transfers is low at only 0.1%.

In August 2016, however, it was hacked and lost around 30% of its users funds. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.

Pros
  • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
  • One of the best ways to buy large amounts of bitcoins
  • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
  • Very deep liquidity promotes a price close to fair market rate
  • Supports several altcoins
Cons
  • Was recently hacked and has yet to fully compensate all users for their loss
  • Geared towards traders; possibly quite confusing for first time buyers
  • Single payment option
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Varies
fees icon
Fees
Average
reputation icon
Reputation
Low Trust
limits icon
Limits
High
Buy Now

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Bitcoin & Cryptocurrency Trading in Estonia


The Republic of Estonia is known for its low taxes compared to other EU members. Cryptocurrency is popular in Estonia, especially Bitcoin. Like most nations, the Estonian government does not acknowledge virtual currencies such a Bitcoin to be official tender.

Estonia’s government considers cryptocurrencies as “value represented in digital form”. More recently, a governamental plan was made to introduce a national cryptocurrency known as “estcoin”. But, the European Union opposed this initiative, so the Estonian government had to step back.

Despite the uncertainty regarding Bitcoin's future legislation in Estonia, the government does not restrict Bitcoin and other cryptocurrencies, making it easy to buy and sell Bitcoin.


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Tallinn - the capital of Estonia

One of the easiest ways to buy Bitcoin in Estonia is through the cryptocurrency exchanges outlined above. There are more than 20 exchanges available to Estonian citizens, including some popular options like Coinbase and Coinmama. Most exchanges require identity verification due to the legislation in their country of origin, which may infringe on your privacy if you don't want to reveal your personal information.

If that's the case, LocalBitcoins is a great way to privately trade Bitcoin with people in Estonia, without having to reveal your identity.

Estonia also has several Bitcoin ATMs, including five in Tallinn. Bitcoin ATMs are by and large one of the most private ways to buy Bitcoin.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79


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Top Bitcoin & Cryptocurrency Exchanges in Estonia


Estonia has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Estonia
  • eToro exchange logo
    eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    BUY NOW at eToro's Secure Site

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • coinbase exchange logo
    Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card

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Best Bitcoin Wallets for Estonia



There are three main types of Bitcoin wallet and all of them are supported in Estonia:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Estonia


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Estonia that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


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Dogecoin How to Buy Dogecoin in Estonia


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Estonia


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Estonia that allow you to buy litecoin and other crypto assets for good exchange rates.


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Exchange Hacks and Crypto Scams in Estonia


Estonian e-residency program under close supervision

The E-residency program in Estonia was launched in 2014 and whoever wanted to get Estonian citizenship was able to get it, no matter where they actually lived. 70,000 persons are registered as Estonian e-residents

But lately, this program has been under close surveilance of the local police’s Financial Intelligence Unit, because some of the e–residents, who were holding companies abroad and who were helped by Estonian firms, have been suspected of cryptocurrency frauds through ICO scams.


country image

The Estonian police want to bring justice to this case so that the e-residency program can regain its credibility once again.


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Bitcoin Mining in Estonia


Electricity costs roughly EUR 0.15 per kWh in Estonia, which is a bit more expensive than electricity in the United States.

Even using the best Bitcoin mining hardware is not profitable in Estonia, considering their relatively high electricity prices.

Estonia electricity costs are actually on the lower end compared to other European nations, but it's high on the global charts. China's electricity costs roughly EUR 0.04 per kWh, in comparison.

According to our Bitcoin mining profitability calculator, you'd lose roughly EUR 3,000 using the Antminer S19, which is one of the best mining ASICs on the market.

In comparison, mining in Estonia with the same ASIC would make roughly EUR 900 per year.

If you want to turn a profit mining Bitcoin, think again - profitable mining is reserved for large companies that can mine at scale in countries with cheap electricity, like China.

For the average person, buying Bitcoin directly from an exchange is the best method to acquire cryptocurrency.


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FAQ


Does Coinbase work in Estonia?

Citizens of Estonia can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Deposit
  • PayPal
  • 3D Secure Credit Card
  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in Estonia?

Estonia offers several Bitcoin ATMs for its citizens to buy Bitcoins with Cash.

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Estonia?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Estonia?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR trading pairs for many popular coins.

Another way to sell Bitcoins in Estonia is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in Estonia using our Bitcoin ATM Map.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.