Learn how to use Finst! Here is our step-by-step guide through the basics of setting up an account and depositing euros.
Table of Contents
How do I create an account on Finst?
To create an account, go to the official Finst website!
Enter your email address and you will receive a verification mail.
Click on ‘Register‘ and enter the verification code you received via e-mail.
What documents do I have to provide when opening an account at Finst?
As a regulated financial institution, Finst is required to comply with the identity verification regulations set forth by the European Union. Based on your citizenship, you may be asked to submit a photo of a valid government-issued identification document, such as a passport or national ID card, along with a selfie taken with your smartphone. Please note that driver’s licenses are not accepted as a form of identification. To be eligible to open an account with Finst, you must be an adult individual residing in a country within the European Union and possess a bank account with a bank or credit institution located within the European Union.
How to log into Finst?
Login via Desktop
To log in to your Finst account on a desktop, simply click on the “Login” button located in the top right corner of our website. For security purposes, you’ll need to scan a QR code from your linked smartphone or device.
Login via Mobile
If you prefer the convenience of using your mobile device, you can download the free mobile app from the App Store or Play Store. Simply log in using the email address you provided during registration and your 5-digit personal identification code or with Face/Touch ID.
How to deposit fiat on Finst?
Finst is a trading platform that supports various payment methods, including iDeal and SEPA bank transfer. With these simple steps, you can easily deposit funds into your Finst account and start trading.
Step 1: Click on the “Deposit/Withdraw” button
To start the deposit process, click on the “Deposit/Withdraw” button on the Finst trading platform.
Step 2: Choose your payment method
Depending on your preferred payment method, follow the instructions to complete the deposit. If you choose to deposit via bank transfer, make sure to send the funds in EUR using the unique payment description that you can find in your account.
If you choose to deposit using iDeal, the funds will be credited to your account immediately. This means that you can start investing right away without having to wait for the funds to clear. Please note that Finst does not impose a minimum deposit amount and does not charge any fees for deposits or withdrawals.
How to withdraw fiat on Finst?
Here are the steps to follow to withdraw funds from your Finst account.
Step 1: Click the “Deposit/Withdraw” Button
To withdraw funds from your Finst account, click the “Deposit/Withdraw” button on the platform.
Step 2: Follow the Instructions
There is no minimum withdrawal amount and no fees are charged for withdrawals. Simply follow the instructions on the platform to complete the withdrawal process. In general, refunds are received on your verified bank account within 3 full business days. During holiday periods, it may take slightly longer than normal to process a refund.
However, you will receive an email notification as soon as your deposit has been credited to your account, so you don’t have to worry about tracking the status of your refund.
How to deposit/withdraw cryptocurrency on Finst?
At the moment, Finst only offers the option to deposit and withdraw funds via bank transfer (euro), and does not support the deposit or withdrawal of cryptocurrencies.
This means that if you want to buy cryptocurrencies and store them in your own wallet, you need to find an alternative. Finst mentioned that it may change and support cryptocurrency withdrawals in the future depending on the demands of their users and the market conditions.