Estonia Crypto Exchange License Requirements
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Company Registration
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Support in Establishing Bank Account
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Preparing AML and CTF Compliance Documents
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Assistance in Filing VASP License Application
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Covering Government and Notary Charge
Total cost: €25,000
Note! Consider Lithuania's crypto authorization for a quicker and cheaper option, 30-60 day process if Estonia's procedure seems too lengthy or costly.
Feature | Crypto Wallet and Custodian Services | Crypto Exchange |
|---|---|---|
Setup time | ~6 months | ~6 months |
Audit | Monthly and Yearly | Monthly and Yearly |
Government Fee | 10 000€ | 10 000€ |
Local AML | Yes | Yes |
Local Director | Yes | Yes |
Bank Account | Yes | Yes |
Share Capital | 100 000€ | 250 000€ |
Estonia Crypto Exchange License
Estonia presents a robust "Virtual Asset Service Provider" license, enabling a wide array of cryptocurrency operations:
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Digital Wallet and Custodial Services: With this license, service providers can create and manage cryptographic keys for their clients, essential for securely storing and transacting digital currencies.
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Cryptocurrency Exchange Services: The license bridges the gap between traditional fiat currencies and digital assets. It facilitates seamless conversions from conventional money to digital currencies and vice versa.
Additionally, it makes the exchange of different cryptocurrencies more manageable, streamlining the swapping of one digital currency for another.
Potential Services for Deployment
Crypto to Crypto, Crypto to Fiat, Fiat to Crypto
Develop a user-centric crypto trading platform, enabling your users to effortlessly engage in transactions with Bitcoin, Ethereum, BNB, and more, ensuring a streamlined and secure experience.
ICO/IEO/IDO
Initiate your token launch or support your clients' token releases through ICOs, IDOs, and IEOs.
Staking
Introduce your clients to a new revenue stream by offering them lucrative 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, creating an ecosystem where users can buy, sell, and mint unique digital assets, bringing art and blockchain together.
Custodial Service
Empower your clients with a self-custody wallet solution, offering them the security and control to manage their own digital assets - their keys, their control.
If the realm of crypto consulting services piques your curiosity and you're eager to delve deeper, we have the perfect resource for you. Explore our in-depth guide here for profound insights and expert guidance. Seize this opportunity to unleash your cryptocurrency prowess.
Estonia Crypto Exchange License Comparison with Lithuania & Dubai
Feature | Dubai | Lithuania | Estonia |
|---|---|---|---|
Cost | 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€ | |
Audit | May be required by VARA | Not required | Monthly and yearly are needed |
Office | Required | Can be virtual | Required |
AML (Anti-Money Laundry Officer) | Can be any nationality | Local needed | Local needed |
AML monthly salary | 5000€ | 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 | Immidiately | 25% now, 75% within a year.
| Immediately |
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 |
Our Team
Mardo Soo - CEO
In his role as the CEO of Consulting24, Mardo excels in navigating the complexities of the Estonia crypto exchange license process. His expertise extends beyond client onboarding to maintaining durable relationships. His skill in this specialized area helps clients maneuver through the intricate landscape of the cryptocurrency realm.
Lena Elvbakken - Founder
Lena, a co-founder of Consulting24, is a seasoned expert in crypto license Estonia's requirements. Her extensive experience in guiding entrepreneurs through the complexities of crypto exchange and token launches is a testament to her expertise. Lena's skillset streamlines the process of establishing cryptocurrency exchanges, marking a significant contribution to Consulting24's influential role in the global crypto revolution.
