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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, and Canada.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.
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.
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%.
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.
Located in northern Europe, Finland has an incredibly robust economy considering its small population of five million. They're known for manufacturing electronics, machinery, and chemical engineering, along with IT services.
Bitcoin is popular in Finland, and its government has a complex set of tax rules for the new decentralized asset. For example, when trading cryptocurrencies (BTC/ETH, for example), it's treated as a capital gain. On the other hand, when used as a payment for goods and services, Bitcoin is treated as a trade.
Finland even taxes Bitcoin that has risen in value after purchase. Thanks to Finland's Bitcoin-friendly regulatory environment (in that they haven't banned Bitcoin), it's easy to buy and sell from an exchange.
One of the easiest ways to buy Bitcoin in Finland is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Finland, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, 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.
Another way to buy Bitcoins in Finland is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in Finland using our Bitcoin ATM Map.
There are three main types of Bitcoin wallet and all of them are supported in Finland:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.
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 Finland that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
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.
Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Finland that allow you to buy litecoin and other crypto assets for good exchange rates.
During the worldwide pandemic, scammers in Finalnd were taking advantage of the crisis by impersonating Red Cross workers and offering to sell medical supplies to groups in need. What they were really doing was gathering personal information and/or soliciting donations paid in crypto that never made it to the Red Cross.
In August of 2018, a Finnish millionaire, Aarni Otava Saarimaa, was scammed out of 5,500 Bitcoins to an investment scam involving fake shares in several high profile companies as well as a cryuptocurrency called Dragon Coin.
Only after he received nothing in return did he realize he'd been scammed.
Saarimaa was courted by a Thai movie star with ties to the Thai mafia. They confinved the millionaire that Dragon Coin was soon to be accepted by a host of Casinos in Macao.
This was enough to convince Saarimaa that the operation was legit, and that is when he gave the scammers his 5,500 BTC.
Mining Bitcoin in Finland is not a good idea if you want to turn a profit. Instead, buying Bitcoin directly from an exchange, a peer, or a Bitcoin ATM is the best way to invest.
Although mining is profitable in countries with cheap electricity like China, India, Georgia, and Kuwait, it certainly is not in Finland.
Finnish citizens pay roughly EUR 0.17 ($0.18) per kWh, which is higher than prices in the United States.
Electricity is one of the leading variables of mining profitability, which is why mining with cheap electricity is crucial.
According to our mining profitability calculator, you'd lose several thousand Euros per year, even with the best ASIC mining hardware like the Antminer S19.
You can mine for fun or as a hobby, but spend your hard-earned money, expecting to see a return.
Citizens of Finland can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
There are 11 Bitcoin ATMs across Finland for you to buy Bitcoins with cash on.
You can use our Bitcoin ATM finder tool to find the one nearest you.
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.
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 Finland 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 Finland 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.