Bittimaatti
Bittimaatti Oy · FI · 1 country served
Bittimaatti Oy is Finland's veteran Bitcoin/crypto-ATM network, operating since 2015 (originally under parent Prasos Oy, now Coinmotion Oy). MiCA CASP licence from FIN-FSA since 2025-09-12 — the second CASP in Finland. Cash-to-crypto and crypto-to-cash via physical ATMs in Finland only. Fees 5–15% per side plus markup; the network shrank to about 6 active ATMs in 2026.
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Fees
| Spot maker | 10.00% |
| Spot taker | 10.00% |
| SEPA deposit | Free |
| Card deposit | 0.00% |
| SEPA withdrawal | Free |
| Crypto withdrawal (avg) | €1.00 |
Features
- −SEPA transfers
- −Bank ID support
- −Mobile app
- −Two-factor authentication
- ✓Cold storage custody
- −Proof of Reserves
- −Derivatives (futures/perp)
- ✓3+ crypto trading pairs
Supported fiat currencies: EUR
Pros
- ✓MiCA CASP licence (FIN-FSA, 2025-09-12) — Finland's second CASP
- ✓Parent company Coinmotion Oy — Finland's oldest regulated crypto operator
- ✓Rare niche — physically regulated Bitcoin/crypto ATMs in Europe under full MiCA
- ✓Transparent fee and sustainability disclosure (MiCA Art. 66 document published)
- ✓Strong financial profile — Kauppalehti Menestyjät 2022–2024, Suomen Vahvimmat Platinum (AA+/AAA)
- ✓Accepts cash — an alternative for those without or unwilling to use a bank/card
Cons
- ✗High fees: 5–15% per side + €1 network fee for buys (real-world round-trip spread often 20–25%)
- ✗Only 3 coins: BTC, ETH, LTC (ETH was down 2025-09-15 to 09-30)
- ✗Finland only — no EEA passport although the licence would allow it
- ✗Network contracted in Q1 2026: 9 ATMs closed, ~6 remain
- ✗Misleading 'only MiCA-regulated in EU' claim on homepage — there are 40+ MiCA CASPs
- ✗High romance-scam risk — the firm itself warns about this in the CASP document
- ✗No online platform or mobile app — all operations happen at the ATM
Full review
Bittimaatti — Finland's regulated Bitcoin-ATM network
Bittimaatti is Finland's longest-running Bitcoin ATM network still in operation. The first machine went live in 2015 inside Helsinki Central Station tunnel — at a time when BTC sat around €200 and the EU had not yet begun seriously regulating crypto. The network is now run by Bittimaatti Oy (business ID 2946626-9, Kauppakatu 39, 40100 Jyväskylä), part of the Coinmotion group — Finland's oldest regulated crypto-services company (Prasos Oy until 2020).
On 12 September 2025, Finanssivalvonta (FIN-FSA) granted Bittimaatti a MiCA CASP licence — Finland's second CASP after its own parent Coinmotion (July 2025). This makes Bittimaatti a rare thing at EU level: a physical Bitcoin ATM network fully licensed under MiCA.
What Bittimaatti actually is
No online exchange. No app. No account to open. You walk up to an ATM, scan a QR code from your phone wallet, feed in cash, and within a few minutes you have Bitcoin (or ETH, LTC) in your wallet. The other direction works too: send crypto to the ATM's address, and the machine dispenses euros.
The process is anonymous for small transactions (up to a KYC threshold — typically €1000/day), which is one of the very few remaining anonymous-crypto on-ramps inside the EU's regulated perimeter.
Active locations (2026-05-15)
- Helsinki — Itäkeskus (Itis mall)
- Helsinki — Superpesula (Ruoholahti)
- Jyväskylä — Tawast
- Oulu — Kino Grilli (Valkea)
- Tampere — Tullintori
- Turku — Skanssi
Important note on network shrinkage: as recently as 2024 the network covered ~15 sites. In April 2025 both Kittilä machines were removed. Between January and March 2026 the company closed nine more: Rovaniemi, Kuopio, Hamina, Lappeenranta, Pori, Seinäjoki, Vantaa-Tikkurila, Lahti and Espoo. That is a serious contraction signal — either driven by the cost of MiCA compliance, by declining cash demand, or both.
Fees — an honest look
Bittimaatti publishes its MiCA Art. 66 pricing document (an 8-page PDF on the site), which is unusually transparent. The pricing structure:
Buying BTC/ETH/LTC from the ATM:
- Reference price = mid from Bitstamp, Kraken, Binance
- Commission 5–15% (the firm's stated range)
- Fixed network fee €1 (can rise to €10 when the blockchain is congested)
Selling crypto for cash at the ATM: