Finst has listed 340+ cryptocurrencies and accepts fiat payments in 28 currencies via SEPA, Bancontact, and iDEAL. The exchange has no minimum deposit requirements and allows crypto investment as low as €1.
Finst; An Introduction to the Exchange and Its Regulatory Status
Finst is operated by Finst B.V. and was founded by Julien Vallet and Marcel Putina in 2022.
The company is registered and licensed by various financial authorities, including:
- Chamber of Commerce of Amsterdam under number 85668117
- Dutch Central Bank under number R189158
Finst joined forces with Anycoin Direct in November 2024 to expand its reach in the European market.
Anycoin Direct Table of Specifications
The Crypto exchange offers segregated accounts, crypto bundles, and staking opportunities.
Exchange | Finst |
Launch Date | 2022 |
Levels | None |
Trading Fees | 0.15% |
Restricted Countries | Available only to EU residents |
Supported Coins | 340+ |
Futures Trading | No |
Minimum Deposit | None |
Deposit Methods | SEPA, iDEAL, Bancontact, Crypto |
Withdrawal Methods | SEPA, Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | €1 |
Security Factors | Proof of Reserve, Segregated Accounts, 2FA, Address Whitelist |
Services | Buy, Sell, Crypto Bundles, Staking, Recurring Buy |
Customer Support Ways | Email, Live Chat |
Customer Support Hours | Monday - Friday 09:00 - 17:00 (GMT+2) |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | None |
Finst User Levels
Unlike some cryptocurrency exchanges with tiered fee structures based on trading volume or account balance, the platform doesn’t offer user levels. This is one of the biggest letdowns in this Finst review.
Fees and Commissions
Finst charges a flat fee of 0.15% for trading digital assets, swaps, or auto invest.
We’ll explore the commissions associated with the Finst platform’s other services:
Service | Fee |
Transaction | 0.15% of the trade amount |
Crypto Investment Plan (Auto Invest) | 0.15% |
Crypto Bundle | 0.10% of Bundle Value per month |
EUR Deposit and Withdrawal | Free |
Crypto Deposit | Free |
Crypto Withdrawal | Dynamic |
Available Digital Assets on Finst
The exchange provides access to a wide range of 340+ crypto assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Solana (SOL)
- Arbitrum (ARB)
- Shiba Inu (SHIB)
- Ripple (XRP)
- Toncoin (TON)
- PAX Gold (PAXG)
Does Finst Offer Leverage Options?
One of the disappointments in this Finst review is the lack of leverage trading services. The platform operates on a 1:1 basis, meaning users can only trade with the funds they have deposited.
Registration and Verification
To open an account with Finst exchange, you must be above 18 and reside in Europe.
- Visit the exchange’s official website;
- Click “Sign Up”;
- Enter your email address;
- Click the verification link sent to your email;
- To complete registration and verification, you must download the exchange’s mobile app;
- Log in to the client portal on the Finst app;
- Verify your phone number;
- Provide personal information, a photo of your ID card, and a selfie.
Is Finst Safe?
Finst claims to be the first and only Dutch crypto exchange to conduct an extensive Proof of Reserves (PoR) audit. In addition to holding client funds on a 1:1 basis in segregated accounts, the platform offers various security measures, including:
- 3rd party Proof of Reserves audit by AuditNow
- Segregated accounts with Bunq
- Fireblocks custodian solution using Multi-Party Computation (MPC) technology
- Rigorous employee background checks
- 2-Factor Authentication (2FA)
- Data encryption
Finst Exchange Deposit and Withdrawal
The platform accepts crypto and fiat transactions. It supports payments in 28 fiat currencies and offers free instant payment methods, including:
- SEPA
- iDEAL
- Bancontact
Note that payments in currencies other than EUR are converted to EUR. While SEPA is available for clients across Europe, the availability of the other two methods may differ based on your country.
User Satisfaction
There are 207 Finst reviews on Trustpilot, most of which are positive, praising the exchange for its customer service, fast execution, and straightforward sign up process.
While 78% of comments on the Finst Trustpilot profile are positive, only 17% are negative (1-star and 2-star), resulting in a great score of 3.9 out of 5.
Does Finst Exchange Offer Investment or Growth Plans?
While the platform doesn’t provide crypto copy trading software, it offers various investment and growth plans, including:
- Crypto Bundles: 5 different portfolios, including Top 2 (0.83% APY), Top 5 (1.26% APY), Top 10 (0.77% APY), Top 25 (0.99% APY), CoinDesk 20 (1.97% APY)
- Staking: Up to 10% APY on 7 different assets, including Ethereum, Solana, Cardano, Near Protocol, Cosmos, Polkadot, and Polygon
- Auto Invest: Crypto recurring buy for Dollar Cost Averaging (DCA) with a minimum budget of €10
Writer’s Opinion and Conclusion
Finst provides access to Crypto/EUR trading pairs with a flat fee of 0.15%. The exchange offers 5 Crypto Bundles with APY of up to 1.97% and a fee of 0.10%. It has a great score of 3.9 out of 5 on Trustpilot.