How to Buy Bitcoin in Estonia
Here we are going to provide a quick breakdown of how to get your very own crypto in Estonia.
Purchasing cryptocurrency is a relatively simple process and while methods can differ, they’ll usually require the same essentials. Firstly select a means of purchasing that best suits you and your needs. Do you wish to purchase crypto on a crypto exchange? Or perhaps via an integrated app system that can be linked to your bank account? Or perhaps by purchasing crypto via your credit card? Each of these methods will require different registrations and verifications but are fairly straightforward.
Regardless of your chosen method, you will generally be required to provide some KYC information, follow a simple registration process, and perhaps be required to verify your identity. From there you can either send fiat funds to an account that can then be used to trade or by using your credit card to purchase more directly.
Given the very favorable crypto trading conditions of Estonia, you can rest assured that you have a wide array of purchasing options to choose from and can feel confident in Estonia’s strong legal framework to protect your purchase.
Bitcoin & Cryptocurrency Trading in Estonia
Estonia was the first EU country to enact directive 2015/849, the first law to regulate cryptocurrencies. This forward-thinking action helped kickstart a thriving crypto market in Estonia.
Many exchanges are registered in Estonia with an Estonian cryptocurrency license regulated by the EU, legalizing the sale of financial assets like cryptocurrency to retail and institutional investors.
The History Of Cryptocurrency Regulations in Estonia
Estonia enacted directive 2015/849 in 2017, discussing possible amendments in Q4 of 2019. In 2020, Estonia streamlined its regulations even further, merging the two licenses previously required to run a crypto business into a single cryptocurrency license.
2020 also saw new and stringent background checks introduced for crypto business teams, ensuring that all crypto business executives have an excellent reputation before issuing a license. The buying of services with cryptocurrency earnings is legal, depending on the category of services.
