How to Buy Crypto in Sweden in 2022
Sweden is a crypto-friendly nation, with the Swedish central bank even testing the “e-krona” or digital krona, a digital version of Sweden’s national currency.
Stockholm is a major global FinTech hub, and with a tech-savvy population interested in blockchain and cryptocurrencies, there’s a thriving market for purchasing digital assets like Bitcoin and Ethereum within Sweden.
Bitcoin & Cryptocurrency Trading in Sweden
Trading Bitcoin and cryptocurrency within Sweden is easy, and as cryptocurrency enters the mainstream, demand is rising in Sweden and worldwide.
In this step-by-step guide, we’ll discuss how to invest in crypto as a Swedish resident along with key info and recommended exchanges for new investors.
What is the Legal Status of Crypto in Sweden?
Crypto is legal in Sweden and recognized as a tradeable asset rather than a currency. At the moment, Sweden does not have any crypto-specific legislation for average traders.
As with other assets in Sweden, crypto profits are liable to a flat rate of 30% capital gains tax, while losses are deductible for up to 70%. When held as a stock rather than traded, profits are considered business income and subject to 32% income tax.
How to Choose a Crypto Exchange in Sweden
When choosing an exchange, it’s important to consider a few key factors. How easy is the exchange to use, and what kind of trader is it designed for? How much does it cost in fees to use the exchange? Are there limits? What are the payment options? How many currencies does it support?
We’ve done the research so you don’t have to, bringing you a comprehensive list of great crypto exchanges you can use for buying Bitcoin and other cryptos in Sweden.
Here are the Best Exchanges to Buy Crypto in Sweden
1 CryptoWallet.com #1 Recommended
Before we begin with our full list of reputable exchanges, we’d like to highlight our top pick. Crypto Wallet is much more than a crypto exchange. You can buy, trade, and even spend cryptocurrency using the Crypto Wallet debit card. You can earn referral fees to anyone you sign up to the exchange. Users can activate 2-step verification for additional risk prevention measures.
To trade Bitcoin, Litecoin, Ethereum, Ripple, and Tether, and even spend those cryptos on real goods and services, sign up to CryptoWallet.com here!
Coinbase is one of the world’s largest crypto exchanges, and often provides the entry point to digital currencies for new traders.
Users can deposit funds via wire transfer/private bank transfer among a variety of payment options. Along with the range of payment methods, Coinbase boasts a wide range of supported currencies, with 50 cryptos and dozens of fiat currencies.
There are no added features such a crypto debit card, and this is the case with the majority of crypto exchanges. Transaction fees are also higher than most exchanges. However, Coinbase is known for its user-friendly interface.
- Ease of Use: Easy
- Fiat Compatibility: Dozens of currencies
- Fees: 1.5% – 4% for fiat purchases, up to 0.5% for crypto trades
- Limits: $25,000 daily for KYC verified users
Coinmama is an Israeli cryptocurrency exchange with 8 supported cryptocurrencies and fiat compatibility.
Users can deposit funds using a wide range of payment options from bank deposit/wire transfer and PayPal to Apple Pay, making it an efficient payment platform for trading crypto.
Like Coinbase, fees are above the average price compared to other exchanges.
- Ease of Use: Easy
- Available Currencies: BTC, BCH (Bitcoin Cash), ETH, ETC, ADA, LTC, XTZ
- Fees: Up to 3.9% for buys, up top 4% for sells
- Limits: $15,000 at level one
Kraken is a U.S. Bitcoin exchange where users can buy Bitcoin for fiat currency among many other crypto/fiat trading pairs. All accounts are insured, providing added security for users, and the exchange interface is easy to use. The trading fee here compared to Coinbase and Coinmama is relatively low, and users can pay with credit card or bank wire.
- Ease of Use: Intermediate
- Available Currencies: 40 different currencies and multiple fiat trading pairs
- Fees: Fees can drop to 0.9% when users buy stablecoins with fiat currency. Kraken charges 1.75% for other crypto pair trades, 3.75% for card transactions, and 1.7% for bank transfers.
- Limits: $5,000 at level one ranging as high as $10,000,000
eToro is a trading platform allowing users to buy Bitcoin within minutes — however, it also allows the trade of stocks and CFDs. Users can choose to mimic the trades of other traders automatically, a feature rarely seen on other platforms.
The focus here is more on assets in general rather than crypto specifically, and eToro users must deposit a minimum of $500 USD or equivalent currency before trading.
- Ease of Use: Intermediate
- Fiat Compatibility: Dozens of supported currencies
- Fees: 0.75% on BTC trades
- Limits: $10,000 daily deposit
CEX is a regulated Bitcoin exchange licensed by the FinCEN financial institution, a U.S. regulator. Users have access to a variety of payment options such as bank cards, bank wire, and even buying Bitcoin with PayPal by linking a PayPal-linked bank card.
Limit orders have fees as low as 0.16%, which is below the average price for fees for buying Bitcoin. These orders have a slightly higher market risk, as they may not be fulfilled or price may move during the process. Taker fees, which are settled immediately rather than placed in a queue, cost more and have a lower market risk. The exchange is usable in Sweden, but does not accept Krona directly.
- Ease of Use: Easy
- Fiat Compatibility: USD, EUR, GBP, and RUB
- Fees: 0.25% taker fee, 0.16% maker fee
- Limits: $3,000 USD daily deposit, $10,000 withdrawals for tier 1
Bitpanda is a Bitcoin exchange founded in 2014 in Vienna, Austria. Users can reduce their fees by using the BEST crypto token native to the platform. Fees for BTC fees start at 1.49% when paired against tokens not including BEST token, and users have 20 cryptos to choose from.
- Ease of Use: Intermediate
- Fiat Compatibility: EUR, USD, GBP, CHF and TRY
- Fees: 1.49% or lower
- Limits: ~$1,800 withdrawals for unverified users
Exmo is a UK-based crypto exchange that supports over 50 cryptocurrencies. The trading platform features a helpful news section to educate its users, along with a step-by-step guide for various aspects of the platform. Trading fees are relatively low, and users can buy crypto with a credit card or bank wire.
- Ease of use: Intermediate
- Fiat Compatibility: USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT
- Fees: Trading fees start at 0.3% with reductions for higher sums.
- Limits: Minimum deposit of 0.002 BTC, minimum withdrawal of 0.01 BTC, transaction limits at $200,000 USD.
Binance is the world’s largest exchange by trading volume. Users can trade over 500 altcoins and 19 fiat currencies and can use a credit card or wire transfer to deposit funds among other payment methods.
Selling price is shown on-screen along with basic information, with a more advanced interface for advanced traders or simply cryptocurrency traders interested in added features like leverage trading. One drawback is that the overburdened customer support system has led to criticism from users with support tickets left unanswered for long periods.
- Cryptocurrencies: 500+ for non-US users
- Fiat Currencies: 19
- Deposit Methods: Debit card or credit card, bank transfer
- Fees: 0.02% to 0.10% purchase and trading fees, 3% to 4.5% for debit card purchases
10 Bittrex Global
Bittrex is a crypto exchange based in Seattle boasting a solid reputation for security. Users can pay for crypto assets with bank cards (credit card and debit card), wire transfer/bank wire, and other payment methods. The intensive verification process is more thorough and time-consuming than with other exchanges selling crypto & Bitcoin. The trading fee offered here is low by market standards, and Bittrex is considered to be a trusted exchange.
- Cryptocurrencies: 220+
- Fiat Currencies: USD, EUR
- Deposit Methods: Bank transfer, credit/debit cards
- Fees: 0.2% for maker and taker fees
Best Crypto Exchange in Sweden
Since the explosion of crypto, a huge number of crypto exchanges have started up. Each one is slightly different and careful consideration is necessary before you choose an exchange that fits your needs. The main factors we consider before choosing a crypto exchange are fees, available currencies and user-friendliness.
Fees vary from exchange to exchange, usually, they are pretty low for slow trades and pretty high for quick trades or trades of convenience. For example, Binance might have 0.10 % trading fees for a bank transfer which could take up to a couple of days but a 3% fee for an instantaneous purchase with a credit card.
Each exchange has a certain amount of cryptocurrencies available to trade, for example, you can purchase 40 different currencies on Kraken and 500 on Binance. Access to different currencies does give you more trading options, but the markets can be highly volatile and losses can be significant.
User-friendly exchanges are perfect for the new crypto purchaser, sites like Coinbase and CryptoWallet.com have super easy to use interfaces whereas sites like Binance can be quite complex for beginners.
So, with all these different options in mind, we have prepared a list of our top picks for crypto exchanges to help you choose.
Sweden Crypto Exchange FAQs
Is Cryptocurrency legal in Sweden?
Yes, cryptocurrency is legal and considered to be an asset class rather than a regular currency.
Is there any Bitcoin ATM in Sweden?
At the moment, there are no Bitcoin ATM installations in Sweden according to the Coin ATM Radar Bitcoin ATM map. Bitcoin ATM installations may be arriving soon, as there is no law preventing their use in Sweden.
Which country is best for Cryptocurrency?
While some countries like Switzerland have crypto-specific laws, any country where cryptocurrency is legal is ideal for purchasing cryptocurrency. Once you can legally purchase crypto at a fair market rate, you’re all set!
How do you deposit cash into Crypto?
You can convert fiat or cash to crypto by signing up with Crypto Wallet. Try it out here!
What is the price of Bitcoin in Sweden?
Bitcoin always costs the fair market rate in Sweden, as the price does not change in different areas. Download Crypto Wallet to monitor the price of Bitcoin on the go.
Can you buy Bitcoin Gold in Sweden?
Bitcoin Gold (BTG) is a fork of the Bitcoin blockchain. The idea behind bitcoin gold was to create a bitcoin which could be mined with basic hardware. This would mean that the currency could be mined by everyone with a computer and not just large companies with warehouses full of processors. There are currently no laws in Sweden, prohibiting the purchase and trading of Bitcoin Gold. Here is how to buy it.
You have to register on a Crypto exchange that offers Bitcoin Gold as a trading currency. For this example, we will use Binance, you can register an account here. Once you have registered you can deposit fiat funds into your account. Binance doesn’t offer a BTG/fiat trading pair, so you will first need to purchase either Bitcoin or BUSD with your fiat, then swap it for BTG.
To do that go to the spot markets tab on Binance’s market page and type BTC, or follow this link. Purchase some BTC then go back to the spot market tab and find the trading pair BTC/BTG, or follow this link. Then select the amount of BTG you wish to buy and hit trade. When the transaction is complete the BTG will be directly transferred into your wallet.
Can you buy Bitcoin Cash in Sweden?
Bitcoin Cash (BCH) is a fork of Bitcoin. Like Bitcoin, Bitcoin Cash is a decentralized peer-to-peer system but slightly faster and with cheaper transaction fees. In Sweden, there are currently no laws prohibiting the purchase and trading of Bitcoin Cash. So yes you can buy Bitcoin Cash in Sweden and here’s how.
First, you must register on a Crypto exchange that offers Bitcoin Cash as a trading currency. There are a variety of exchanges that trade in Bitcoin cash, but for this example, we will use Binance, you can register an account here. Once you have completed the registration you will need to deposit fiat into your account.
Once the fiat is in your Binance account you can simply find the trading pair BCH/euro. You can find this by going to the spot markets tab on Binance’s market page and then typing BCH into the search bar, or you can follow this link. Once you have found the trading pair you have to put in how much you want to buy and the price you wish to buy it. Once you click trade, the order will fill and the Bitcoin Cash will be sent directly to your wallet.
Bitcoin Wallet App
To send Bitcoin, you simply need to copy the address or public key you’re sending money to and paste it into the recipient section.
This process is guided with on-screen instructions.
To open a Bitcoin wallet, simply download the app for Android or iOS below!