Buy Crypto & Bitcoin in Finland

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  • Popular Exchanges to Buy Crypto & Bitcoin in Finland
  • bitpanda logo
    Bitpanda
    BUY NOW at Bitpanda's Secure Site
    Fees
    0.1% - 0.15%
    Account Minimum
    $25
    Promotion
    Earn €10
    • Crypto exchange based in Europe
    • Buy bitcoin with card, SEPA, SOFORT
    • Trusted exchange
  • coinbase logo
    Coinbase
    BUY NOW at Coinbase's Secure Site
    Fees
    0% - 0.50%
    Account Minimum
    None
    Promotion
    Earn $5
    • US based crypto & Bitcoin exchange
    • Best way to buy crypto in the US
    • Instantly connect bank account and buy

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.

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
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Fees
Low
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Reputation
Trusted
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Limits
High

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.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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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
Read Review

BityBity

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
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

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

BitfinexBitfinex

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
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Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Varies
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Fees
Average
reputation icon
Reputation
Low Trust
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Limits
High

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Bitcoin & Cryptocurrency Trading in Finland


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.


country image
Helsinki - the capital of Finland

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.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

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.


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Best Bitcoin Wallets for Finland



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

  • 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

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and 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 Finland


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.

  • Exchanges in Finland that Support Ethereum
  • Bitpanda
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Coinbase
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Bity
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc

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Dogecoin How to Buy Dogecoin in Finland


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.

  • Exchanges in Finland that Support Dogecoin
  • Bitpanda
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt
  • Coinbase
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt

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 Finland


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.

  • Exchanges in Finland that Support Litecoin
  • Bitpanda
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Coinbase
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Bitcoin ATMs
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth

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Exchange Hacks and Crypto Scams in Finland


COVID-19 Opportunism in 2020

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.

Dragon Coin

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.


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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.


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Bitcoin Mining in Finland


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.


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FAQ


Does Coinbase work in Finland?

Citizens of Finland 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 Finland?

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.

What is the price of Bitcoin in Finland?

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 Finland?

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.

About the Author: Jordan Tuwiner

jordan tuwiner

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.