Best Crypto Exchanges in Finland

‍Top Crypto Trading Platforms in Finland

Selecting a secure exchange is essential for Finnish investors looking to trade cryptocurrencies. The best platforms should offer seamless EUR deposits and withdrawals, competitive trading fees, an intuitive user experience, and full compliance with Finland’s tax laws and the EU’s MiCA regulatory framework. Below is a comparison table of the five best crypto exchanges in Finland.

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1. Uphold

Uphold is the best crypto exchange in Finland, serving over 10 million users worldwide. Known for its multi-asset trading experience, it supports over 300 cryptocurrencies, 27 traditional currencies, and 4 precious metals, allowing users to diversify their portfolios in one place. 

It offers commission-free trading, ensuring that Finnish investors get the best value. Users can also use the automated trading features, including recurring buy options and limit orders. Additional features include staking services, an OTC desk and the Uphold crypto card, offering 8% cashback.

Security is a priority, with multi-layer encryption, 2FA authentication, and a 100% reserve model, meaning customer funds are always fully backed. Its integration with traditional banking services also enables EUR deposits and withdrawals, supporting Finnish users who want a simple entry into crypto markets.

• Fees: Trading fees range from 0.6% to 1.6%.
• Supported Assets: Over 300 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Regulated by the FCA and Bank of Lithuania, and operational in Finland.‍
• EUR Deposit Methods: Bank transfers, SEPA, Google Pay, Apple Pay, and credit or debit cards.

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2. Kraken

Kraken is a leading global exchange, popular for its security, transparency, and institutional trading services. The platform offers spot, margin, and futures trading, with access to over 340 digital assets. It is particularly appealing to Finnish investors due to its high liquidity and advanced order types.

A key feature is its 1:1 Proof-of-Reserves, meaning that all customer funds are fully backed and audited by third-party authorities. Users benefit from 2FA, cold storage, and encryption protocols to keep assets secure. Additionally, Kraken provides staking rewards of up to 16% APY on select assets.

For experienced traders, Kraken Pro offers low-fee trading, deep liquidity, and API integrations. The exchange also supports OTC trading for high-net-worth individuals and institutions, ensuring seamless execution of large orders, with leverage options of up to 5x.

• Fees: Maker fees start at 0.16% and taker fees at 0.26%.
• Supported Assets: Over 340 cryptocurrencies.
• Regulation & Licensing: Registered as a Virtual Asset Service Provider (VASP) in Europe and available in Finland.
• EUR Deposit Methods: SEPA, SWIFT, PayPal, bank transfers, and credit or debit cards.

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3. Northcrypto

Northcrypto is a Finnish cryptocurrency exchange based in Turku. Registered with the FIN-FSA, it offers a trustworthy platform for trading 10 digital assets. The exchange supports Bitcoin, Ethereum, Solana, Litecoin, Chainlink, Aave, Polygon, ApeCoin, Dogecoin, and USD Coin. 

One of the main offerings is its automated monthly savings plan. Users can set up their accounts to make automatic purchases upon deposit, facilitating consistent investment strategies. This, combined with recurring bank payments, allows for fully automated weekly or monthly crypto savings.

All customer cryptocurrencies are stored in cold wallets, ensuring they remain offline and protected from potential online threats. Northcrypto Private caters to clients with investment wealth of at least €100,000, offering opportunities to invest in any crypto and earn yields on investments.

• Fees: Trading fee of 1% plus a variable spread.
• Supported Assets: 10 cryptocurrencies.
• Regulation & Licensing: Registered with the Finnish Financial Supervisory Authority.
• EUR Deposit Methods: Bank transfer and credit cards.

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4. OKX

OKX is a leading crypto exchange offering comprehensive services. The platform provides access to 350 digital assets for spot trading and 100+ derivatives contracts with up to 50x leverage. It also offers DeFi services, lending, and mining options, catering to diverse investment strategies.

Beyond trading, OKX has expanded into the Web3 space. The platform's DeFi aggregator enables users to engage in liquidity pooling, yield farming, and crypto staking across multiple protocols. It also features a comprehensive NFT marketplace, facilitating the purchase, and sale of NFTs.

For those interested in decentralized applications (DApps), OKX's Cryptoverse offers a gateway to explore various DApps across multiple blockchains. Its commitment to transparency is evident in its regular Proof of Reserves reports, ensuring that user assets are fully backed and secure. 

• Fees: Competitive trading fees starting at 0.1% for spot trades.
• Supported Assets: 350+ cryptocurrencies.
• Regulation & Licensing: Registered in Europe and available in Finland.
• EUR Deposit Methods: Bank transfers, SEPA, Apple Pay, Google Pay and credit or debit cards.

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5. Gate.io

Gate.io is a powerhouse for cryptocurrency traders in Finland, offering one of the most diverse selections of digital assets in the industry. With over 3,600 cryptocurrencies, including major coins and emerging altcoins, it provides unparalleled access to the broader crypto market. 

What sets Gate.io apart is its focus on automation, trading strategies, and high-level financial products that cater to both retail and institutional investors. One of the standout features is its Strategy Bot, which enables users to automate their trades with spot grid, futures grid, and martingale strategies. 

For a hands-off investment approach, Gate.io’s Auto-Investment tool enables users to set up recurring purchases, making long-term crypto accumulation effortless. Additionally, the platform’s Copy Trading function lets less experienced traders mirror the moves of seasoned investors.

• Fees: Competitive fee structure starting at 0.1% with tiered levels based on trading volume and GT holdings.
• Supported Assets: Over 3,600 cryptocurrencies.
• Regulation & Licensing: Not licensed in Europe but available in Finland.
• EUR Deposit Methods: SEPA, bank transfers and credit or debit cards.

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Is Crypto Regulated in Finland?

Finland has established a structured regulatory framework for cryptocurrency, ensuring compliance with both national and European Union financial laws. 

The Finnish Financial Supervisory Authority (FIN-FSA) oversees exchanges and service providers, ensuring adherence to anti-money laundering laws and the EU Markets in Crypto-Assets (MiCA) Regulation (EU 2023/1114). 

MiCA categorizes crypto-assets into asset-referenced tokens (ARTs) and electronic money tokens (EMTs), each requiring different regulatory oversight levels. Additionally, Finland enforces a transitional period for existing crypto service providers, allowing them to operate until June 30, 2025, provided they apply for MiCA authorization by October 30, 2024.

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How is Crypto Taxed in Finland?

Cryptocurrency transactions in Finland are subject to taxation, with different tax treatments depending on the nature of the transaction. The Finnish Tax Administration (Vero) classifies cryptocurrencies as assets, meaning any gains from selling, exchanging, or spending crypto are taxed as capital income. 

The capital gains tax rate is 30% for profits up to €30,000 and 34% for any amount exceeding that threshold. Every time crypto is sold, exchanged for another digital asset, or used to pay for goods and services, it is considered a taxable event, requiring investors to report capital gains or losses. 

For crypto mining, income is typically taxed as earned income rather than capital gains, with the value determined at the time the mined crypto is received. Miners can deduct expenses, such as electricity and equipment costs, based on usage. Investors must retain records for six years and ensure all taxable crypto activities are accurately reported to avoid penalties.

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Cryptocurrency Adoption in Finland

Finland's cryptocurrency market is expanding, with projected revenue reaching $164.9 million by the end of 2025. The country has witnessed a steady rise in adoption, with the number of crypto users expected to hit 2.49 million by 2025, equating to 44.83% of the population.

While Finland does not yet rival leading crypto markets like the United States or Germany, the country has a well-regulated ecosystem, ensuring investor protection through the Finnish Financial Supervisory Authority (FIN-FSA). 

Investors can choose from both locally regulated exchanges like Coinmotion and Northcrypto, as well as global platforms such as Uphold, Kraken, and Binance.

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How to Buy Bitcoin in Finland

For individuals in Finland looking to purchase Bitcoin, selecting a regulated exchange that complies with FIN-FSA regulations and the EU’s MiCA framework is essential. Follow this guide to buy BTC in Finland:

1. Choose a Licensed Exchange: Select a cryptocurrency exchange that is registered with FIN-FSA or an EU-regulated platform that operates legally in Finland. 
2. Complete Identity Verification (KYC): To comply with Finnish financial regulations, users must verify their identity. This involves creating an account, submitting official identification (such as a passport or Finnish Bank ID), and confirming personal details.
3. Deposit Funds in EUR: After verification, navigate to the deposit section and select euros (EUR) as your preferred currency. Complete the transfer using your desired payment method.
4. Purchase Bitcoin: Once your deposit is processed, go to the trading section and search for BTC/EUR or BTC/USDT pairs. Enter the amount of Bitcoin you want to buy and confirm the transaction.
5. Secure Your Bitcoin: For long-term security, transfer your BTC to a hardware wallet (such as Ledger or Trezor) or a trusted software wallet. Keeping your crypto in a non-custodial wallet adds an extra layer of protection against exchange vulnerabilities.

By following these steps, Finnish investors can safely acquire and store Bitcoin while ensuring compliance with local regulations.

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Final Thoughts

Choosing the right crypto exchange in Finland requires a balance of security, regulation, and usability. With MiCA regulations in effect, investors should prioritize FIN-FSA-registered platforms for a safer trading experience. 

Exchanges like Uphold, Kraken, and Northcrypto offer strong oversight, while OKX and Gate.io provide access to DeFi, NFTs, and automated trading tools. Regardless of the platform, securing assets in a hardware wallet remains the best defense against exchange risks.