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Consulting24 simplifies the process of acquiring an crypto license in Estonia.

Leverage our experience in completing over 500 licenses.

Crypto License in Estonia

Image representing crypto license in Estonia and Tallinn

Estonia extends a comprehensive "Virtual Asset Service Provider" license, encompassing numerous cryptocurrency operations:

Digital Wallet and Custodial Services: This license equips service providers with the capabilities to generate and control cryptographic keys for their customers. These keys are fundamental to the safe storage and transaction of digital currencies. ​

Cryptocurrency Exchange Services: This license builds a conduit between traditional fiat money and digital currencies. It smoothens the transition from traditional currencies to digital assets and vice versa.

Moreover, it eases the exchange process of various cryptocurrencies, simplifying the act of trading one digital currency for another.

Image by Jacques Bopp

 Crypto License Requirements

  1. Company Registration Services

  2. Guidance in Bank Account Establishment

  3. Preparation of AML and CTF Compliance Documents

  4. Assistance in Submitting VASP License Application

  5. Includes Government and Notary Fees

    Total Cost: €25,000

    Note: If you find the procedure in Estonia lengthy or expensive, consider Lithuania's crypto authorization as a quicker and more cost-effective option, with a 30-60 day processing period.

Crypto Wallet and Custodian Services
Crypto Exchange
Setup time
~6 months
~6 months
Monthly and Yearly
Monthly and Yearly
Government Fee
10 000€
10 000€
Local AML
Local Director
Bank Account
Share Capital
100 000€
250 000€

Potential Services for Deployment

Crypto to Crypto, Crypto to Fiat, Fiat to Crypto

Launch a cryptocurrency exchange, allowing your users to seamlessly trade major cryptocurrencies such as Bitcoin, Ethereum, BNB, and beyond, offering a smooth and secure transactional journey.


Release your token or aid your clients in launching their tokens through ICOs, IDOs, and IEOs.


Open new income avenues for your clients by providing them with profitable staking services.

Branded Debit Card

Offer your clients the advantage of directly spending their Bitcoin, Ethereum and more using your own uniquely branded debit card.

Mint & Trade NFTs

Launch your NFT trading platform for users to buy, sell, and create unique digital assets in the intersection of art and blockchain.

Custodial Service

Provide your clients with the power of a self-custody wallet solution, ensuring they have the security and control to oversee their own digital assets - their keys, their rules.

Crypto License in Estonia Compared with Lithuania & Dubai

20 000€
20 000€
25 000€
License Type & Government fee
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services
No additional fee
10 000€
May be required by VARA
Not required
Monthly and yearly are needed
Can be virtual
AML (Anti-Money Laundry Officer)
Can be any nationality
Local needed
Local needed
AML monthly salary
Starting from 1200€
Starting from 2000€
Local director
Can be any nationality
Can be any nationality
Can be of any nationality, but have to live in Estonia
Share capital terms
25% now, 75% within a year.
Required share capital
24,250€ (Advisory Services) - 194,000€ (Exchange Services)
125 000€
100 000€ - Crypto wallet and custodian services license. 250000€ - Cryptocurrency exchange license

If blockchain legal consulting interests you and you're keen on exploring further, we have the ideal platform for you. Immerse yourself in our comprehensive guide here, and gain in-depth insights and professional advice. Take advantage of this chance to enhance your understanding of blockchain legality. Learn more about our blockchain legal consultancy services here.


Our Clients

Advisory  Projects


Mardo Soo, CEO of Consulting24, at the forefront of crypto license in Estonia
Mardo Soo - CEO
  • LinkedIn

In his role as CEO of Consulting24, Mardo is an expert in guiding clients through the process of obtaining a crypto license in Estonia. His comprehensive knowledge extends beyond client onboarding, including building lasting partnerships. Mardo's insights are essential in helping clients navigate the complexities of the Estonian crypto licensing landscape.

Lena Elvbakken - Founder
  • LinkedIn

Lena, as a co-founder of Consulting24, brings a wealth of knowledge on Estonia's crypto license requirements. Her expertise lies in guiding entrepreneurs through the intricacies of crypto exchange launches and token introductions. Her proficient skills simplify the establishment of cryptocurrency exchanges, signifying a pivotal role in Consulting24's contribution to the global crypto transformation.

Lena Elvbakken, Founder  of Consulting24, a  top leader in crypto license in Estonia
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