Popularity of recirculating aquaculture systems (RAS) is increasing. Because of the high water recirculation rate, dissolved nutrients originating from fish feed are concentrated enough in RAS wastewater (WW) to enable growth of primary producers, e.g. microalgae. This study evaluated nitrate-nitrogen (NO3-N) and phosphate-phosphorus (PO4-P) removal efficiency of ten temperate zone freshwater microalgae species during their exponential growth phase in unfiltered RAS WW at 17 ± 0.5 °C. Growth and nutrient uptake efficiency of six green and four non-green microalgae strains were compared between WW and reference growth medium in batch monocultures. The effect of three different LED grow light spectra on growth and nutrient uptake efficiency were compared for four green microalgae in WW. The specific growth rate (SGR, 0.5-0.8 d−1) and removal of NO3-N (N%, 57–96%) and PO4-P (P%, 78–94%) of green microalgae in WW in 4 days were comparable to the results obtained in the reference medium (SGR, 0.6-0.9 d−1, N%, 59–99%; P%, 86–99%). In contrast, non-green microalgae had negligible growth (SGR, from -0.1 to 0.2 d−1) and poor nutrient removal (N%, 1–29%; P%, 0–34%) in both growth media after 9 days. The three LED spectra did not differ on their effect on growth and nutrient removal of three green microalgae in WW after 4 days, while the fourth tested species, Haematoccocus pluvialis, had its highest nutrient removal after 8 days under a specific LED spectrum. Current results show that RAS WW supports well green microalgae growth in batch cultures in temperatures common in Nordic RAS and that continuous spectrum LED grow lights can induce high removal of dissolved nutrients. Our findings lend support to the concept of using temperate zone microalgae for nutrient removal and recycling from RAS WW.