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How to Buy Crypto in Sweden

Buy Crypto in Sweden

Sara White
Fact Checked
Feb 1, 2023

Summary: The best way to buy Bitcoin and cryptocurrencies in Sweden is through a Swedish Financial Supervisory Authority (SFSA) regulated digital currency exchange. With this method, investors can quickly deposit Swedish Krona (SEK) and other fiat currencies via bank transfer, debit/credit card and other methods to buy digital assets.

Our top pick for buying crypto in Sweden is Uphold. Their platform offers fast & free SEK or EUR deposits to trade 200+ crypto assets with the lowest fees. The Uphold exchange is licensed & available in Sweden with over 10 million users across the country and throughout Europe.

Best Exchange in Sweden - Uphold 🏆

  • Fast and cheap Swedish Krona (SEK) or Euro (EUR) deposits via Bank Transfer/BankID, Debit Card or Credit Card.
  • Trade 200+ cryptos and stake 30+ assets to earn up to 25% APY.
  • Licensed and regulated in Sweden and Europe by FCA & CySEC.

Is Crypto Legal in Sweden?

Yes, cryptocurrency is legal in Sweden. The Swedish Financial Supervisory Authority (FSA) has issued a number of warnings about the risks associated with investing in cryptocurrency, but has not taken any action to ban or regulate the industry.

This hands-off approach has helped make Sweden a friendly environment for digital asset startups. In 2018, the FSA released new guidelines clarifying how cryptocurrency businesses should be regulated in Sweden and how investors will be taxed on transactions.

Best Crypto Exchanges in Sweden

The tables below provide an overview of the 5 best crypto exchanges in Sweden. In these short reviews, we highlight the key advantages and disadvantages of each platform to help you decide which exchange best suits your needs. Our ranking methodology is based on regulatory compliance in Sweden, features, fees, available cryptocurrencies and whether the platform has audited proof-of-reserves.

  1. Uphold - Best Overall Crypto Platform in Sweden
  2. Bybit - Best Derivatives Trading Platform
  3. Binance - Best for Altcoin Trading
  4. Safello - Best Sweden-based Exchange
  5. Kraken - Safe Platform with Audited Reserves

You can continue reading below for a head-to-head comparison of each platform based on fees, available assets and available leverage.

#1 Uphold - Best Overall Crypto Platform in Sweden

Uphold is the largest multi-asset trading platform in Sweden that offers over 200 cryptocurrencies including majors, altcoins, alternative layer 1's, emerging tokens and stablecoins. Their exchange also offers traditional assets for Swedish investors like major Stocks, ETFs, Commodities and other assets for zero fees.

Uphold Sweden

The Uphold platform offers direct Euro (EUR) and Swedish Krona (SEK) deposits from Swedish banks via Bank Transfer and BankID. The time to deposit EUR is typically 1-2 business days, making them slightly slower than alternatives that enable instant deposits.

They also allow you to deposit funds with alternative payment methods like Debit Cards, Credit Cards, Google Pay, Apple Pay and more. For more information, you can read our Uphold Review.

Pros

  • Best overall crypto platform in Sweden
  • 200+ cryptos and Stocks/ETFs
  • Zero trading fees in Sweden
  • Fast verification for Swedish citizens
  • Audited Proof of Reserves & Regulated

Cons

  • Limited crypto and stocks available
  • Only 30 crypto staking options
Visit Uphold

#2 Bybit - Best Derivatives Trading Platform

Bybit is one of the largest crypto spot and derivatives trading platforms in the world. They trade over $8 billion in daily volume across both markets and give Swedish investors access to over 150 crypto derivatives contracts and 400 spot markets to buy, sell and trade with low fees starting at 0.1% per trade.

Sweden Bybit

The platform is also popular in Sweden because it requires no KYC or verification to sign up. You can get started in minutes with just an email address and password. They also have a variety of other features including Crypto Staking, an IDO Launchpad, NFT Marketplace, and much more.

For more information, you can read our Bybit Review.

Pros

  • 400+ Cryptos with 100x Leverage
  • No KYC or verification required in Sweden
  • 0.1% Maker Fees and 0% Taker
  • Crypto staking for 50+ coins

Cons

  • Does not offer stocks or other assets
Visit Bybit

#3 Binance - Best for Altcoin Trading

Binance is the largest digital asset trading platform in the world with over $76 billion in assets traded over 24 hours. Their exchange provides a wide range of features for investors in Sweden, including 600 cryptos, an NFT Marketplace, derivatives contracts, options and more for low fees starting at 0.1%.

Binance Sweden

The platform offers a wide range of deposit methods for investors in Sweden, which includes Bank Transfers, Credit Card, Debit Card, Google Pay, Apple Pay and more. They also offer up to 25x leverage on their futures trading platform for verified accounts.

For more information, you can read our Binance Review.

Pros

  • 600+ Cryptos with 25x Leverage
  • Binance Smart Chain DeFi ecosystem
  • 0.1%  Spot and Futures Fees
  • Fast sign-up in Sweden

Cons

  • Does not offer stocks or other assets
  • Customer support is slow
  • EUR Deposits can be expensive
Visit Binance

#4 Safello - Best Sweden-based Exchange

Safello is a Swedish company that operates a cryptocurrency exchange and provides related services such as bitcoin brokerage and payment processing. It was founded in 2013 and is headquartered in Stockholm. Safello aims to make it easy for individuals and businesses to buy and sell bitcoin and other cryptocurrencies in a safe and secure manner.

Safello Sweden

It offers a range of payment options, including bank transfers, credit and debit cards, and mobile payments. The company is regulated by the Swedish Financial Supervisory Authority and is committed to adhering to anti-money laundering and counter-terrorism financing regulations.

Pros

  • Sweden-based crypto exchange
  • Fast and cheap SEK deposits & withdrawals
  • Audited Proof of Reserves

Cons

  • Limited cryptocurrencies available
  • No staking support
  • Complicated user interface for beginners
Visit Safello

#5 Kraken - Safe Platform with Audited Reserves

Kraken is a cryptocurrency exchange that offers a wide range of digital assets for trading in Sweden, including Bitcoin, Ethereum, and other major cryptocurrencies. The exchange is known for its low fees, advanced trading features, and strong security measures. Kraken was founded in 2011 and is headquartered in San Francisco, California. It is one of the largest and most well-established cryptocurrency exchanges in the world.

Kraken Sweden

For Swedish investors, Kraken offers direct deposits in Swedish Krona (SEK) via bank transfer, SEPA transfer, debit card and credit card with low fees. Deposits can take up to 2 business days to land in accounts, which is the industry standard, but slower than alternatives like eToro. They are arguably one of the safest exchanges in the industry, with audited proof-of-reserves highlighting that all customer deposits are kept in segregated customer accounts.

Pros

  • 100+ available cryptocurrencies
  • Reasonably low fees at 0.26% per trade
  • Regulated in Europe by the European Securities and Markets Authority (ESMA)
  • Audited proof of reserves

Cons

  • Outdated user interface
  • High instant buying fees at 1% per trade
  • Doesnt offer new crypto assets
Visit Kraken

Is Crypto Popular in Sweden?

Cryptocurrency and blockchain technology are both very popular in Sweden. Swedish crypto startups have raised millions of dollars in funding, and the country is home to a number of successful exchanges, including Safello and Coinify.

In addition, the Swedish government is exploring ways to use blockchain technology to improve its own operations. For example, the Swedish Transport Agency is testing a blockchain-based system for tracking vehicle registration data. Another breakthrough in Sweden is the Riksbank's development of a central bank digital currency called the eKrona.

What is eKrona?

eKrona is a digital currency that was proposed by the Swedish central bank, the Riksbank, as a potential replacement for physical cash. The eKrona project was launched in 2017 with the goal of exploring the feasibility of issuing a central bank digital currency (CBDC) in Sweden. The eKrona would be issued and backed by the Riksbank and would be available to the general public for use in everyday transactions, just like physical cash.

Is the eKrona a Cryptocurrency?

The Riksbank has stated that the eKrona would not be a cryptocurrency, as it would be issued and controlled by the central bank.

How is Crypto Taxed in Sweden?

In Sweden, cryptocurrency is taxed as capital gains. This means that if you buy and sell cryptocurrency within a year, you'll be subject to the same tax rate as if you were selling stocks or other forms of capital assets. The tax rate on capital gains in Sweden varies depending on your income level, but it can be as high as 30%.

Final Thoughts

In conclusion, investing in cryptocurrencies is becoming increasingly popular in Sweden. The country has a vibrant blockchain and cryptocurrency ecosystem with many exchanges offering low fees and a range of trading options to suit all needs.

Whether you’re an experienced trader or just getting started with crypto, there are plenty of options for investors in Sweden. We hope this guide has helped you to decide which exchange is the best option for you.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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