Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: In Estonia, investing in Bitcoin and other digital currencies requires using a platform that aligns with Finantsinspektsioon (Estonian Financial Supervision Authority) regulations. These platforms deliver secure transactions and support various deposit methods, such as SEPA transfers, local bank transfers, credit cards, and debit cards, ensuring ease of use for Estonian investors.
To help you effectively navigate the digital asset market, our team has assessed the top 5 trading platforms available to Estonian residents. These exchanges are regarded for their integrity, user-friendliness, and steadfast commitment to European financial guidelines, positioning them as the most dependable and credible options in the market.
Best Cryptocurrency Exchanges in Estonia
After an extensive review of over 15 cryptocurrency platforms, we have identified the top regulated exchanges catering to investors in Estonia. Our evaluation considers critical factors like compliance with Finantsinspektsioon (Estonian Financial Supervision Authority) or equivalent European regulations, the diversity of crypto assets offered, user interface quality, Euro deposit options, and fee schedules. For a comprehensive understanding, please consult the list below to find out the top five cryptocurrency platforms in Estonia.
eToro stands out as the premier crypto platform in Estonia, offering investors an expansive selection of more than 3,000 financial assets. These range from cryptocurrencies like Bitcoin, Ethereum, and Solana to equities, commodities, fiat currencies, market indices, and ETFs. This allows you to diversify your investment portfolio by including real crypto-assets and crypto-related equities, such as Coinbase and MicroStrategy, all under one secure and regulated roof.
Compliant with tier-1 regulators like the Financial Conduct Authority and CySEC, eToro has amassed a global following of over 30 million investors. This elevates it to the status of Estonia's largest and most secure platform for crypto trading. Investors particularly appreciate its user-friendly Euro deposit options, encompassing bank transfers, debit cards, and other commonly accepted methods. Additionally, eToro keeps its competitive edge through a low fee structure with industry-leading spreads averaging 1%.
- Fees: Trading occurs with a variable spread fee (average of 1%).
- Supported Assets: Over 3,000, spanning crypto assets, equities, ETFs, commodities, and more.
- Regulation & Licensing: eToro is licensed by CySEC in Europe and available to investors in Estonia.
- Euro Deposit Methods: Bank Transfer, SEPA Transfer, Sofort, Klarna, Credit/Debit Card, and other popular options.
Taking the second position in Estonia's crypto landscape, Uphold offers a broad portfolio of over 250 digital assets for buying, selling, and staking. Uphold is a popular alternative to eToro, excelling with its diverse range of crypto assets, support for staking to earn yield and alternative deposit methods that include modern options like Google Pay and Apple Pay.
Uphold's unique selling point is its audited proof-of-reserves feature. This provides real-time data showing how customer funds are being safeguarded, thereby guaranteeing a 1:1 backing of all assets. This unprecedented transparency makes Uphold one of Estonia's most secure and reliable crypto exchanges.
- Fees: A 1% trading fee and a 1% spread fee are applicable.
- Supported Assets: 250+ cryptocurrencies, 4 precious metals, and 27 fiat currencies.
- Regulation & Licensing: Uphold complies with European regulations under the Republic of Lithuania and is available in Estonia.
- Euro Deposit Methods: Bank Transfer, SEPA, Google Pay, Apple Pay, Credit/Debit Card, and other commonly used payment methods.
Claiming the third position in Estonia's cryptocurrency landscape, Kraken is notably the longest-running crypto exchange, founded in 2011. It has secured strong market traction with impressive quarterly trading volumes. Adapted to the needs of Estonian investors, Kraken features a diverse lineup of over 250 cryptocurrencies, including key assets like Bitcoin, Ethereum, and Litecoin, as well as various emerging tokens.
Focused on optimizing user experience, Kraken boasts top-rated mobile apps, available on both the App Store and Google Play. Additionally, Kraken provides staking services, enabling Estonian users to earn up to 25% annual rewards (APY). Kraken Pro, its specialized trading interface, is designed to cater to retail and institutional traders in Estonia, offering advantages like low spreads, abundant liquidity, and substantial deposit limits.
- Fees: 0.16% for Maker Orders and 0.26% for Taker Orders.
- Supported Assets: Over 250 spot and 100+ markets with margin trading capabilities.
- Regulation & Licensing: Initially focused on the U.S. market, Kraken complies with Finantsinspektsioon (Estonian Financial Supervision Authority) regulations.
- Euro Deposit Methods: Bank Transfers, Credit/Debit Cards, SEPA, Sofort and more.
Bybit is a top choice for crypto trading in Estonia, especially when it comes to derivatives. With options for more than 770 assets in spot markets and over 200 contract choices, the platform boasts a global user base of 15 million people. What sets Bybit apart is its 24/7 customer service and strong focus on providing reliable and secure trading opportunities. From spot trades to NFTs, they offer a wide range of financial products for everyone.
What makes Bybit stand out are its core values: reliability, a diverse range of products, and unique trading opportunities. The platform puts a heavy emphasis on security and liquidity, especially in the derivatives markets. Whether you're interested in growing your assets through their "Earn" feature or looking for low-risk investments, Bybit has you covered. Founded in 2018 by Ben Zhou, the platform successfully combines traditional finance with decentralized options to offer a one-of-a-kind trading experience.
- Fees: A 0.01% fee applies to maker orders, and a 0.06% fee applies to taker orders. No fees are charged for Euro deposits and withdrawals.
- Supported Cryptocurrencies: The platform supports over 770 different crypto assets.
- Regulation & Licensing: Bybit is regulated and audited, with availability in 180+ countries, including Estonia.
- Euro Deposit Methods: Accepted methods include Bank Transfer, SEPA, Credit Card and much more.
In Estonia's crypto trading scene, OKX ranks as a strong fifth option, particularly excelling in features tailored for Web3 users. The platform offers an extensive selection of over 300 cryptocurrencies and various advanced trading instruments like futures, options, and margin trading. In addition, its OKX Wallet allows for a smooth transition between centralized exchange services and decentralized finance platforms like AAVE and Uniswap, making it a versatile choice for those engaged in both spheres.
OKX stands out for its rigorous focus on security and its easy-to-use interface. The platform offers one of the most secure staking services, meeting Estonia's strict financial regulations. Its comprehensive API options and zero maker fees add to its attractiveness, particularly for institutional investors and Web3 enthusiasts looking for a reliable and forward-thinking platform.
- Fees: 0% for Maker orders and 0.2% for Taker orders, with a standard 0.1% fee for instant spot trading.
- Supported Assets: Over 300 cryptocurrencies and leveraged trading options.
- Regulation & Licensing: Originally based in Seychelles, OKX fully complies with financial regulations in Estonia.
- Euro Deposit Methods: Bank Transfer, Credit/Debit Card, and other widely accepted methods.
Is Crypto Investing Legal in Estonia?
Yes, investing in cryptocurrencies is legal in Estonia. The country has a well-defined regulatory framework that governs the activities of digital asset exchanges and other crypto-related businesses. The Financial Intelligence Unit (FIU) is the responsible body in Estonia that supervises cryptocurrency exchanges to ensure they comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
While the FIU itself does not directly regulate cryptocurrencies, it ensures that digital asset platforms adhere to strict operational standards to protect investors and maintain market integrity. Thus, if you are considering investing in cryptocurrencies in Estonia, it's crucial to ensure the exchange you choose complies with FIU regulations and guidelines. This approach helps promote a safe and transparent trading environment within the country.
How to Buy Bitcoin and Crypto in Estonia
Investing in Bitcoin and other cryptocurrencies in Estonia is a straightforward process. Follow these simple steps to ensure a safe and compliant transaction:
- Select an Exchange: Opt for a platform regulated by Estonia's Financial Intelligence Unit (FIU) for safety and legal compliance.
- Account Setup: Register with an email, set a robust password, and complete mandatory KYC by providing valid identification and residence proof.
- Add Funds: Deposit Euros into your account using methods like bank transfers or credit/debit cards.
- Make the Purchase: Choose the cryptocurrency you want, specify the amount in Euros or the chosen crypto, and confirm your buy.
- Secure Your Assets: For extra safety, transfer your newly acquired cryptocurrencies to a secure wallet.
By following this guide and opting for an FIU-regulated platform, you're well-positioned to invest in cryptocurrencies in Estonia securely and efficiently.
Choosing the right crypto exchange is a pivotal step in your investment journey, especially in a regulated market like Estonia. Our analysis pinpoints eToro, Uphold, Kraken, Bybit, and OKX as the top five platforms that align with Estonia's financial regulations, offer diverse asset options and excel in user experience. These exchanges stand as reliable avenues for both novice and seasoned investors, helping you to safely diversify your portfolio.
This blog post aims to assist you in making informed decisions, eliminating the guesswork of selecting a crypto exchange in Estonia. By opting for platforms that are fully compliant with local and European financial regulations, you not only ensure the legality of your transactions but also invest in a framework designed for your protection and profitability. Make sure to adhere to FIU guidelines and follow our step-by-step guide to start your crypto investment on a secure footing.