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How to Buy Bitcoin in Estonia
Do you know that Estonia is one of the most tech-savvy countries in Europe? Amazingly, Estonia became a global technological hub in just 20 years. Estonia declared Internet Access as a human right earning it the nickname e-Estonia.
But how such advancements in technology can benefit the Bitcoins lovers like you and me? To our surprise, buying Bitcoin with fiat currency in Estonia is increasing each year. But the government never recognized Bitcoin as an official tender. So what are the reasons for such an increasing buying trend in Estonia?
The answer lies within this question, “HOW TO BUY BITCOIN IN ESTONIA?”
If you are interested let’s stop wasting any time and get right into this.
Buying Bitcoin in Estonia
Obtaining Bitcoin in Estonia is not different from other parts of the world. You can either buy Bitcoin from an exchange or an ATM. Currently, more than 20 exchanges are offering Bitcoins in the country.
But the liberal stand of the government regarding cryptocurrency is the one thing that is making the difference. As an advanced nation in digital technologies, Estonia has recognized Bitcoin as a digital alternative to the traditional currency system. Moreover, buying and selling is much easier compared to other European countries.
In terms of Taxes, Estonia is a haven for cryptocurrency lovers. Taxes are lower in comparison to other nations and VAT is exempted. Hence, trading will be a more profitable option for you. So far, tax benefits made Bitcoin exchange very popular in Estonia and created an opportunity for many companies to invest their time and money in it.
Today, we will talk about the two Bitcoin buying mechanisms- Exchange and ATM’s, so that you get a clear picture of it.
Popular Exchanges to Buy Bitcoin in Estonia
We’ve already mentioned that there are more than 20 exchanges offering Bitcoin to the citizens of Estonia. But not all the exchanges can be a good option for you. Many exchanges with better features like transaction speed, safety, and privacy are dominating the industry now.
Purchasing Bitcoin from an exchange is quite simple and can be done using cash, credit cards, and debit cards. However, identity verification is required by many exchanges for making the purchasing experience safer.
So, we came up with 5 popular exchanges that you can use to buy Bitcoin in Estonia. These exchanges are listed here in alphabetical order -
Coinbase- Liquidity can be a big factor when purchasing Bitcoin. Coinbase is one of the largest and liquid platforms for buying and selling Bitcoin. Coinbase has a higher limit and liquidity making it a suitable platform for high-frequency trading. Users can easily trade using the Instant Buy Option with Debit Card in Estonia.
Coinmama- Coinmama has the highest limits for buying Bitcoin using a credit card in Estonia. That’s why it is one of the most trusted and popular exchanges in the country. Coinmama also accepts SEPA transfers at a lower transaction fee for purchasing Bitcoin.
LocalBitcoins- LocalBitcoins is a popular escrow service. The main feature is the private trading window that allows you not to share your personal information during the transaction. The exchange is really fast and easy to operate. You can trust the in-person meeting feature to make a safe transaction via cash.
Paxful- With 300 ways for buying Bitcoin, Paxful is becoming a popular peer-to-peer Bitcoin marketplace in Estonia. The exchange process is very easy. Just select how much Bitcoin you want and your payment method. Instantly you get Bitcoin in your wallet. Paxful accepts payment methods like Bank Transfer, SEPA, Paypal, and Amazon Gift Cards.
Purse Exchange- Purse is another popular place offering tons of payment solutions. The purse has a very easy and fast platform making it one of the best in the business. You can easily transfer Euros via Bank Transfers, Debit and Credit Cards, Prepaid Cards, or SWIFT and get Bitcoins in your digital wallet safely within a few clicks.
Buying Bitcoin from Bitcoin ATMs
If you want more privacy in Bitcoin purchase, Estonia has an alternative for this. Try Bitcoin ATM’s. Currently, Estonia has 6 Bitcoin ATM’s in Tallinn and 1 in Tartu. These machines allow you to purchase with relative anonymity.
However, Bitcoin ATMs have a limit for purchases. So if you need more liquidity than relying on exchanges like Coinbase or Coinmama can be a better choice.
Over the years, digital technology gifted us many wonders and Bitcoin is one of them. Without the help of technology, it was not even possible for many of us to survive the Covid-19 pandemic. And in the coming decades, the process of digitalization should dominate everything in our life.
But with this opportunity, technology also brought us a great threat- the threat of missing out on the trend. If you fail to search today- HOW TO BUY BITCOIN IN ESTONIA, you are surely neglecting one of the biggest opportunities in your life.
But we can assure you that after reading this article you will have a comprehensive outlook of the Bitcoin buying opportunity in Estonia.