EOS is one of the top 50 largest cryptocurrencies by market cap. Trusted by EOSIO buyers, you can buy and trade EOSIO in Finland and 100+ countries on Blocktrade without any fees easily.
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How to buy EOSIO in Finland
Is EOS a good investment in Finland?
Known as an "Ethereum killer"; EOS is one of the top 50 largest cryptocurrencies by market cap. EOS coin was released to the market in 2017 with the price of $1.52 per coin. It experienced the lowest price of $0.48 in October of the same year. Supporting smart contracts and the flexibility of this coin made it one of the top cryptocurrencies in 2018 when its price mounted to $22.89. It shows how profitable this investment was for its first year. However, it didn't last long, and the EOS price dropped to $2.15 at the end of the same year. The fluctuations in the price of crypto are normal; you can't always forecast the future based on its past. Other factors can help you analyze if it's the right time to buy EOS.
Crypto experts and analysts predict the future of a coin based on some analysis. Although this price prediction is not guaranteed, it can help you decide if EOS might have a bright future as an investment. Cryptocurrency experts believe that the EOS price may be between $19.07 to $22.91 in 2030. They also claim that EOS might be a profitable long-term investment. But in the short-term, it might be risky. However, no one can tell you if your investment is %100 profitable. It’s better to read more about the history of EOS, how you can use it and what top investors tell you about this coin. Furthermore, if you are a beginner, it’s better to have an exit point for your investment; so if the price of EOS dropped to that number, you sell it to prevent losing your money.
What is EOSIO ?
Although many know this blockchain by the name of EOS, the real name of the blockchain is EOSIO, which was designed by Block.one company. EOSIO is a decentralized blockchain network released in 2017. Its system is very similar to Ethereum, but faster, more flexible, and free of charge. These features made EIOSIO more popular than Ethereum, especially the speed of this network, which allows thousands of transactions per second (tps); compared to the 15 tps of the Ethereum system, EOSIO is really a winner. There are other benefits that the EOISIO system has that make it one of the top decentralized blockchains, including being user-friendly and supporting smart contracts and voting, which are predicted to become so useful in the near future.
Is EOSIO legal to buy in Finland
Yes. According to the Bulletin by Bank of Finland, cryptocurrencies refer to virtual mediums of
exchange, which are transferred from one holder to another without the use of a centralized
ledger. They are viewed as speculative assets. According to the definition of cryptocurrency by
the Finnish Tax Administration, cryptocurrencies are considered a type of personal asset that
can be traded freely on the open market and can be electronically transferred, saved, and
Is EOSIO taxed in Finland
Yes. According to the Finnish Tax Administration (Vero Skatt), you are subject to tax if the
amount of your crypto transactions exceeds €1000. According to the mentioned reference,
cryptocurrency investments can be subject to two tax formats: Capital Gains Tax and Income
Tax. Profits from exchanging or selling cryptocurrency are considered capital income and are
therefore taxed as Capital Gains Tax. Capital gains are subject to a 30% tax rate on the amount
up to €30,000, and a 34% tax rate for any amount exceeding this.
As for the Income Tax rule, in accordance with the same above-mentioned reference, every
Finnish taxpayer is taxed on their income. This means if you have earned crypto for some form
of work or effort, you need to pay typical income taxes which ranges from 6% to 31.25%
depending on your total income amount.
After you've bought EOSIO in Finland
Most people buy coins to keep as an investment. In case you want to buy EOS to sell in the future, you should always keep an eye on the EOS price. Read whitepapers and check the EOS website to know which projects they are working on and what updates they may have on their platform in the future. It’s also recommended to read EOS price predictions to analyze if the future is bright for this coin.
Apart from keeping EOS coins as an investment, there are other ways to use this token. You can trade it with other coins or use it as a payment. However, the seller should accept this coin on its transactions. Thus, if you want to use this coin to purchase something, make sure that it is accepted by the company or brand you are buying the products from. One of the uses of this token is to create decentralized apps. This token can be used in online games to purchase or trade different tools too. EOS also supports smart contracts, which means people can create coded contracts on the EOS platform or use its coin as a payment for that contract.
Who can buy EOSIO in Finland
Anyone can buy cryptocurrency in Finland. The easiest method to buy crypto assets in Finland
is through a cryptocurrency exchange. Finland offers access to a number of payment services:
Among all, Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are
some of the popular ones. Our exchange presents fast and secure transactions through these
commonly preferred services and is free of charge for your different crypto transactions in
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Frequently asked questions
That depends on the reason you are buying EOS. If you want to keep it as an investment, check top analysts' and crypto experts’ predictions of EOS. If you want to use it as a digital asset, check what projects and brands accept this coin.
Yes. But remember that according to the Finnish Tax Administration, selling cryptocurrency will
always require you to declare capital gains tax, whether at a profit or loss.
According to the Finnish Tax Administration, you need to report this information in your tax
return reports: selling dates, selling prices, purchase dates, purchase prices and also report the
property acquisition costs and selling expenses, such as broker’s fees.
Analysts have predicted price growth for both the EOS and Cardano in the future. They are performing very close to each other as an investment. They both accept smart contracts and have the same usage. However, Cardano is a bigger network and the fifth largest cryptocurrency by market cap. Therefore, it may be one step ahead of EOS.
According to the detailed guidance on taxation of virtual currencies by the Finnish Tax
Administration, activities such as buying cryptocurrency, transferring cryptocurrency between
your wallets, lost/stolen crypto assets, gifting cryptocurrency and donating cryptocurrency are
the transactions that do not trigger tax events.
One of the points that EOS has among most of the decentralized blockchain networks is that all the transactions on this platform are free of charge.