🇫🇮 How to Get Bitcoin in Finland: Full Tutorial (2025 Edition)
✅ Step 1: Choose a Reputable Bitcoin Exchange
In Finland, the most reliable and legal way to buy Bitcoin is through a regulated crypto exchange. Here are some popular platforms widely used by Finns:
| Exchange | Notes |
|---|---|
| Coinmotion | Finnish-based, fully regulated, Finnish support |
| Binance | Global exchange, low fees, large selection |
| Kraken | Good for EUR bank transfers |
| Coinbase | Easy for beginners, higher fees |
| LocalBitcoins | Helsinki-based peer-to-peer (closing soon, use alternative like Paxful) |
💡 For most users in Finland, Coinmotion is the top choice — it’s based in Finland, supports SEPA transfers, and complies with EU/Fin-FSA regulation.
✅ Step 2: Verify Your Identity (KYC)
Due to AML (anti-money laundering) laws, all licensed exchanges require ID verification.
You’ll need:
-
Passport or Finnish ID
-
Proof of address (electricity bill, Kela letter, etc.)
-
Selfie for verification
⚠️ This is mandatory for all exchanges operating in or serving Finnish residents.
✅ Step 3: Fund Your Account
💶 Payment Methods (Finland-specific):
-
SEPA bank transfer (most common & cheapest)
-
Credit/Debit card
-
MobilePay or Siirto (some P2P platforms)
-
Cash (P2P only)
Most Finnish users prefer SEPA transfer because it’s:
-
Free or very low cost
-
Reaches your exchange wallet in 1 business day
✅ Step 4: Buy Bitcoin
Once your account is funded:
-
Go to Buy/Sell section on your exchange
-
Choose Bitcoin (BTC)
-
Enter the amount in EUR
-
Confirm the rate and transaction fee
-
Finalize your purchase
Your BTC will appear in your exchange wallet.
✅ Step 5: Store Your Bitcoin Safely
For better security, don’t leave large amounts on exchanges.
🔐 Storage options:
-
Hardware wallet (e.g. Ledger, Trezor)
-
Mobile wallet (e.g. BlueWallet, Muun, Trust Wallet)
-
Paper wallet (for long-term cold storage)
❗ Never share your private keys or recovery phrase.
✅ Step 6: Optional – Spend or Withdraw
You can now:
-
HODL (hold long-term)
-
Spend BTC (some shops & VPN services accept it)
-
Trade for altcoins
-
Withdraw to EUR using the same exchange
-
Use a Bitcoin debit card (e.g. Bitwala or Crypto.com) to spend
📍 Extra Tips for Finland
-
🇪🇺 Tax Reporting: Bitcoin is taxed under capital gains in Finland. Keep records. Check with Vero.fi.
-
🔐 Use 2FA and strong passwords.
-
🇫🇮 Finnish support available via Coinmotion and some P2P platforms.
-
💸 ATMs: Bitcoin ATMs exist in Helsinki and Tampere but charge higher fees (7–10%).
⚡ Recommended for Beginners
-
Use Coinmotion.com if you prefer Finnish language and local compliance
-
Use Kraken.com for international EUR trades
-
Avoid suspicious Telegram sellers — many scams reported in Finland
