Finst review: features, costs and limitations
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What is Finst?
Finst is a Dutch provider where you can buy and sell crypto. According to our broker page, Finst launched in 2023 and holds an AFM licence as a crypto-asset service provider under MiCA (number 41000015). Finst offers crypto only, not stocks or ETFs.
What does Finst offer?
According to our broker page, Finst offers more than 400 cryptocurrencies, staking, recurring purchases and advanced order types. There is a web platform and apps for iOS and Android. Customer support is available on weekdays (Monday to Friday, 9:00-17:00 CET) in Dutch and English.
Costs
According to our broker page, Finst charges a flat fee of 0.15% per trade. Deposits via iDEAL, Bancontact and SEPA cost nothing. A withdrawal in euros costs nothing; a crypto withdrawal carries network fees and a €2.50 third-party cost. For staking, Finst keeps a commission of 25-45% on the rewards. There are no inactivity fees and no minimum deposit. Check current fees with Finst and on the review page.
Comparison with Bitvavo
According to our broker page, Bitvavo uses a maker/taker scale of 0.00% to 0.25%, depending on your trading volume over the past 30 days. Which is cheaper depends on how much you trade and which order type you use. Work it out with your own expected volume.
Strengths
- Dutch provider with an AFM licence.
- A flat fee that is easy to understand.
- Large number of cryptocurrencies and staking.
- No fees for iDEAL and SEPA deposits, and no inactivity fees.
Limitations
- Crypto only. You cannot buy stocks or ETFs.
- Smaller than large global crypto exchanges.
- Fewer advanced features than some other providers.
- Crypto is not covered by the investor compensation scheme. If something goes wrong or the provider fails, you have no claim under it.
- Customer support runs on weekdays, not around the clock.
Who is Finst less suitable for?
- If you also want to buy stocks and ETFs: choose a broker that offers them, such as DEGIRO or Trade Republic.
- If you trade a lot and want a lower fee scale at high volume: compare with Bitvavo.
- If you want advanced features or a very large range: also look at larger international exchanges.
- If you do not want to risk large price swings: crypto is not suitable.
Compare with other providers
See our overview of crypto providers and the broker overview.
Crypto warning
Crypto assets can swing sharply in value. You can lose your entire investment. Crypto is generally not covered by the investor compensation scheme. Past results say nothing about the future. This review is educational and not personal investment advice. Consult a qualified adviser before making a decision.