Estonia, a digital pioneer, has quickly become a hotspot for cryptocurrency innovation, leading to a surge in crypto exchanges setting up shop in the Baltic nation. For anyone looking to dive into the market, this guide breaks down the top five crypto exchanges available for Estonians today.
How to Pick the Right Crypto Exchange
When selecting a crypto exchange in Estonia, it's important to consider several key factors to ensure a safe and efficient trading experience:
- Security Measures: Verify that the exchange employs robust security protocols, such as two-factor authentication (2FA) and cold storage for funds.
- Fee Structure: Examine the platform's fees for trading, deposits, and withdrawals to understand the total cost of using their service.
- Available Cryptocurrencies: Confirm the exchange supports the specific digital currencies you intend to buy, sell, or trade.
- User Interface: Assess the platform's design and functionality to determine if it aligns with your level of trading expertise.
- Customer Support: Check for reliable and accessible customer service options in case you encounter any issues.
List of the Top 5 Crypto Exchanges in Estonia
1. Kraken
Kraken is a veteran US-based exchange with high euro volume and liquidity. It offers spot and margin trading, futures, and staking across more than 120 cryptocurrencies and seven fiat currencies. With features like up to 5x leverage and a competitive maker-taker fee structure, it serves both new and experienced traders.
Key Trading Details
- Trading Fees: The platform charges a 1.5% fee for most crypto assets and 0.9% for stablecoins through its Instant Buy service.
- Taker Fee: Taker fees for Kraken Pro range from 0.10% to 0.26%, varying with the user's 30-day trading volume.
- Maker Fee: Maker fees on Kraken Pro fall between 0.00% and 0.16%, determined by trading frequency.
- Number of cryptocurrencies offered: The exchange provides access to a selection of more than 120 cryptocurrencies.
Reviews
User feedback for Kraken is generally positive, reflected in an overall rating of 9.6 out of 10. Traders often praise its strong security and simple interface, but some new users find it a bit complex to start with, and others have pointed out slow customer support response times. You can read more in-depth reviews from users here.
2. OKX
OKX is a global exchange offering a vast suite of services beyond basic trading, including advanced derivatives, trading bots, and crypto loans. The platform features its own native blockchain, X Layer, and a token, OKB, which can reduce trading fees, creating a comprehensive ecosystem for its users.
Key Trading Details
- Trading Fees: Fees start at 0.10% and decrease as your trading volume increases.
- Taker Fee: The platform charges a taker fee of 0.05% for orders that are executed immediately against the order book.
- Maker Fee: A maker fee of 0.02% is applied to orders that add liquidity to the market.
- Number of cryptocurrencies offered: The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs.
- Leverage: OKX provides up to 10x leverage for margin trading and up to 125x for derivatives like futures and perpetual swaps.
Reviews
Users have given OKX an overall rating of 8.1 out of 10. While many praise its low fees, strong security, and highly-rated mobile app, the platform's advanced features can be overwhelming for beginners. You can read more in-depth reviews from users here.
3. MEXC
MEXC is a global exchange recognized for its user-friendly platform and an extensive selection of over 3,000 cryptocurrencies. It provides traders with exceptionally low fees, including 0% maker fees for spot trading, and offers early access to new tokens. The platform also supports advanced options like futures and margin trading.
Key Trading Details
- Trading Fees: The exchange is known for its extremely low fees, often running zero-fee promotions on certain trading pairs.
- Taker Fee: For spot trading, the platform applies a 0.05% taker fee.
- Maker Fee: Spot trading benefits from a 0% maker fee, which encourages market liquidity.
- Number of cryptocurrencies offered: The platform provides access to an extensive selection of over 3,000 cryptocurrencies.
Reviews
User feedback on MEXC is quite divided; while some traders appreciate its user-friendly interface and easy deposit process, many others report serious issues like frozen accounts and withdrawal difficulties. The platform holds an overall user rating of 2.0 out of 5, and you can read more in-depth reviews here.
4. Coinmetro
Coinmetro is a regulated, Estonian-based crypto exchange that stands out with its strong focus on customer support and multiple fiat gateways. The platform caters to both new and seasoned traders by offering a straightforward interface alongside advanced features like staking and copy trading, making it a reliable local option.
Key Trading Details
- Trading Fees: The platform's fee structure is highly competitive, with rates starting as low as 0%.
- Taker Fee: A taker fee of 0% is applied to orders that are executed immediately.
- Maker Fee: The exchange charges a 0% maker fee for orders that add liquidity.
- Number of cryptocurrencies offered: The platform provides access to a focused selection of digital assets.
Reviews
Users have given Coinmetro an overall rating of 6.0 out of 10. While traders often praise its user-friendly interface and helpful support, some have pointed out drawbacks like a limited selection of cryptocurrencies and occasional withdrawal difficulties. You can read more in-depth reviews here.
5. Bitget
Bitget is a leading global cryptocurrency exchange that helps users trade smarter with its pioneering copy trading feature. Serving over 100 million users, the platform offers more than 800 tokens, leverage up to 125x, and an integrated Web3 wallet, providing a comprehensive ecosystem for traders worldwide.
Key Trading Details
- Trading Fees: Standard spot trading fees are 0.1%, with a discount to 0.08% available when using the BGB token for payment.
- Taker Fee: For futures trading, the platform applies a taker fee of 0.06% to regular users.
- Maker Fee: Futures traders are charged a 0.02% maker fee on orders that contribute to market liquidity.
- Number of cryptocurrencies offered: The platform provides access to an extensive catalog of more than 800 crypto tokens.
Reviews
User feedback on Bitget is mixed; while some traders praise its fast transactions and innovative features like copy trading, others report significant issues with account freezes and unhelpful customer support. The platform holds an overall user rating of 3.1 out of 5, and you can read more detailed reviews here.
Why Businesses Choose OneSafe for Crypto-Friendly Banking
OneSafe is the financial operating system designed for the next generation of internet businesses. We provide the essential infrastructure for Web3 startups and crypto-native companies to manage their money, effectively bridging the gap between the digital asset economy and traditional finance.
- Unified Financial Operations: Manage your fiat and crypto finances from a single, intuitive platform, eliminating the need for multiple providers.
- Multi-Currency Accounts: Hold, manage, and transact in multiple fiat currencies to streamline your international business operations.
- Integrated On/Off-Ramping: Effortlessly convert between your crypto holdings and fiat currency with our built-in, reliable ramping solutions.
- Smart Corporate Cards: Issue physical and virtual corporate cards with customizable spending limits and robust controls for your entire team.
- Global Payment Rails: Execute payments and payroll across the globe with support for ACH, wire transfers, and other major networks.
- Enterprise-Grade Security: Protect your company’s assets with institutional-level security, including multi-factor authentication and Fireblocks integration.
Ready to simplify your crypto-friendly business banking? Sign up with OneSafe.
