Finst review

Finst review

Finst is the newest crypto exchange from Dutch soil. The crypto exchange was founded in January 2023 by ex-employees of DEGIRO. The Amsterdam-based platform focuses on transparency, security, and low transaction costs. It markets itself as the cheapest crypto exchange in the Netherlands. 

Register now and use code ‘INSIDERS,’ you can trade up to €5,000 for free for the first two weeks!

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Finst has a limited supply of cryptocurrencies compared to other exchanges. In total, it offers more than 40 different crypto to invest in. All well-known coins, such as Bitcoin (BTC), Ethereum (ETH), ripple (XRP), and Cardano (ADA), are available on the platform. Since it is a new trading platform, it is not entirely against the expectation that it has a limited supply available. 

low trading fees at Finst

As mentioned earlier, Finst is currently the cheapest party to buy your crypto. Finst charges a flat rate of 0.15% on each transaction. On its website, it indicates that the transaction costs are, on average, 82% lower than those of 8 other crypto exchanges that, like Finst, are registered with De Nederlandsche Bank (DNB). No extra spread is charged, and there is no minimum transaction amount. Also, no custody fees will be charged by Finst.

What can you do at Finst?

Of course, you can buy and sell crypto at Finst, but did you know you can swap your crypto there?

Buy crypto at Finst.

After you have created an account and completed the ID verification, you can start your crypto adventure. Creating an account with Finst only takes three minutes. The platform has made it incredibly simple and accessible to trade crypto. Because it is a Dutch crypto exchange, you have the additional advantage that it is possible to deposit money with iDEAL. With this, you will have the funds in your account within seconds. Depositing money is also free of charge, and there is no minimum deposit amount.

Selling crypto at Finst

Selling crypto is made as easy as buying it. There is no minimum withdrawal amount, and it does not incur any additional fees. If you transfer the money back to your account, it will be credited within three working days. You will always receive an email when your deposit is credited to your account.

Crypto swap

In addition to buying and selling crypto, swapping cryptocurrency is possible. This allows you to exchange one cryptocurrency for another. With this feature, you avoid having to place multiple trades. You can determine the amount in euros for which you want to exchange. 

Safety Finst

Protecting your crypto assets and privacy is considered a top priority within Finst. Because Finst is registered with De Nederlandsche Bank, it is obliged to comply with the strict Dutch laws and regulations.

The digital assets are stored with Fireblocks to provide the highest level of security and ensure the safety of your help. The funds are held individually and separated from the company at all times. The users will never be traded, and the assets will never be lent to other parties or used in any way. 

Your money on Finst is deposited with the bank ‘Bunq,’ regulated in the Netherlands. Bunq owns your money to be able to guarantee maximum safety again.

Finally, 2-factor authentication (2FA) is automatically enabled, adding an extra security layer to your account. This allows you to be even better protected against hackers, and you can invest in crypto with peace of mind. 

Finst platform

Finst is available via desktop and a mobile app. The mobile app is free from the Google Play and Apple App Store. The platform is high-speed, and user-friendliness is of paramount importance. Buying and selling crypto has been made as easy and accessible as possible on both the mobile app and the desktop version.

With a transparent platform, it is possible to keep track of the value of your portfolio 24/7. Finst makes every investor’s life more transparent with its advanced portfolio analysis and activity reports. You can analyze the performance of a coin over the past day or in total, including unrealized profit/loss, realized profit/loss, and break-even price. You can also analyze the exact distribution of your entire portfolio.

Moreover, it is straightforward to find your trading history, with which you can filter, sort, and export all your trades whenever you want.

Customer service

When you are stuck with questions and problems, you can contact Finst’s customer service. You can ask your questions to Finst’s crypto experts in the following ways:

• Live chat
• Email: [email protected]

Customer service is available from Monday to Friday in the following languages: Dutch, English, French, German, and Portuguese.

Conclusion review: Is Finst a reliable crypto platform?

After completing our Finst review, we can conclude that Finst is a promising crypto exchange from Amsterdam. Overall, we are positive about this platform.

One of Finst’s strengths is the trust generated by its founders, who have been active in the crypto industry for quite some time.

Moreover, Finst’s goal is to provide an accessible platform for anyone interested in crypto.

If you are looking for the cheapest crypto broker in the Netherlands, Finst is definitely a good choice.

The platform itself is user-friendly and you can buy or sell your first cryptocurrency within minutes. The mobile app also functions well, giving you access to your crypto portfolio anytime, anywhere.

In terms of safety and reliability, Finst looks solid at first glance. They are registered with De Nederlandsche Bank and take various measures to keep the platform safe.