It’s time to return to the market with buying intentions, keeping in mind a longer-term investment diversified over time.
What services are people using and why?
I’m looking for one through which taxes would be easily reported to the tax authority, either via a crypto service or a separate tax service.
Currently using Binance, which I no longer trust (foreign), and taxation is difficult (my opinion), and security, at least previously, didn’t feel good to me. Data on Binance, in my understanding, expires quite quickly, so it would be easier if it lasted longer and I wouldn’t have to save everything in the cloud.
This is just speculation, but anything better from Finland or the EU area?
Hi, I can only say that taxes were handled easily on Binance. From there, you could print out all trades as a list, with losses or profits calculated for the entire year at the bottom. One year I had about a thousand trades I would never have been able to get them for taxation by any other means.
Let’s correct this misconception, which comes up every now and then. Binance does have old data.
In your browser, go from the main menu to Orders → Spot Order → Order History. On the right, there’s a button with a downward arrow, “Export Order History” (see image below). Click it, and a popup will open. From the popup, select “All Time” and then your desired time range; it goes back to 2017, i.e., since Binance’s founding.
Nevertheless, I would still save export files once a year to my own computer from Binance and all other services. Storage space is almost free nowadays, so I don’t see it as a big problem to store a few CSV files. For a couple of euros, you can get a USB stick that can surely store all crypto trades for 100 years.
That works if you only trade on one service. Most active investors trade on different services, some also use DeFi applications, etc. Probably every active investor currently uses the available tax software; popular ones include Cointracking, Koinly, and Divly. You can import the trade history of all known crypto exchanges into them (and enter data manually), and the software then calculates the taxes.
I’ve now noticed a new feature on Binance. For some reason, I can’t transfer money to the service through any method because the payments aren’t going through.
It’s quite odd that even Visa isn’t working there.
Positive news from Finland: After a long wait, Northcrypto has received the new EU operating license, known as the MiCA license (Markets in Crypto-Assets). At the same time, all features are available once again, meaning trading is operating normally. Northcrypto is also celebrating this by offering a fixed 0.8% trading fee throughout June.
These EU operating licenses have been a peculiar process in Finland. All services began applying for them as early as 2025, but only Coinmotion received its license in June. Kvarn X had to wait until December for its license, and Northcrypto for an additional six months after 그hat.
Kvarn X and Northcrypto were also forced to suspend trading last autumn until the operating license was obtained. Northcrypto clearly suffered the most from this, as it has been impossible to make purchases for over half a year.
Now, all Finnish services possess the required EU operating license.
This is a major trend right now: moving forward, all large crypto exchanges will also offer stocks and other investment assets.
The majority of crypto investors also want to trade stocks, gold, commodities, etc. At the same time, crypto exchanges gain significantly more trading volume for their platforms during bear markets and other quiet periods.
The domestic Kvarn X has also added stocks and funds to its selection.
I would never have been able to get them for taxation by any other means.
