Summary: Investing in Bitcoin and other cryptocurrencies in Sweden is simple with SFSA-approved crypto exchanges. These secure platforms offer a fast, easy way to deposit Swedish Krona (SEK) and other fiat currencies via bank transfer or credit/debit card, to swiftly purchase your digital assets.
Our experts have analyzed over 15 leading crypto exchanges in Sweden to guide you towards the best choice. Here are the top 5 crypto trading platforms in Sweden, based on our rigorous review:
- Instant and free EUR, SEK and other currency deposits from all Swedish banks.
- Licensed and regulated in Sweden and Europe by the Swedish Financial Supervisory Authority.
- Trusted by over 100 million retail and institutional investors.
Top Crypto Platforms in Sweden
Our dedicated team of specialists has created a thorough approach to rank the top cryptocurrency trading platforms in Sweden. This approach takes into account several factors for each platform, including their compliance with the Swedish Financial Supervisory Authority (FI) rules, their safety records, transparency (including audit results), pricing structures, the features they offer, the cryptocurrencies they support, and other important factors. Continue reading below to diver deeper into these top 5 exchanges.
Binance is the best overall exchange in Sweden and the largest in the world, boasting over $70 billion in volume within a 24-hour period. This premier exchange offers Swedish investors an extensive range of features, such as 350 cryptocurrencies, an NFT marketplace, derivatives contracts, options, and more—all at competitive fees starting at just 0.1%. Recently, Binance also secured its regulatory license from the Swedish Financial Supervisory Authority, solidifying its position as a reliable and secure option in the country.
Catering to the needs of investors in Sweden, Binance provides various deposit methods, including bank transfers, SEPA transfers, Swish, Mobile BankID credit cards, debit cards, Google Pay, Apple Pay, and more. Additionally, verified accounts can benefit from up to 25x leverage on the futures trading platform. For further details, you can read our comprehensive Binance review.
Uphold stands out as our second-best choice for buying cryptocurrency in Sweden. With a user-friendly platform, Uphold enables quick and free SEK or EUR deposits to trade over 250 crypto assets, offering competitive fees and tight price spreads. Uphold is a licensed exchange accessible to more than 10 million users in Sweden and across Europe.
The platform supports direct Euro (EUR) and Swedish Krona (SEK) deposits from Swedish banks via bank transfer and BankID. Although the EUR deposit process typically takes 1-2 business days—slightly slower than some instant deposit alternatives—Uphold also accepts alternative payment methods, including debit cards, credit cards, Google Pay, Apple Pay, and more. For additional details, feel free to read our Uphold review.
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.
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.
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.
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.
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.
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.
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.
How to Buy Bitcoin in Sweden
Buying Bitcoin in Sweden is straightforward, thanks to a range of accessible platforms. Follow these steps to get started:
- Select an Exchange: Opt for platforms available in Sweden, like Binance, Uphold, or OKX.
- Sign Up: Register on your selected platform. Most require Know Your Customer (KYC) verification for safety.
- Fund Your Account: Transfer money to your account. Most platforms accept bank transfers or internationally accepted payment methods.
- Purchase Bitcoin: Choose Bitcoin on the platform, decide the amount to buy, and confirm the transaction.
- Track Your Investment: Due to cryptocurrency volatility, regular monitoring of your investment is key.
In Sweden's crypto-friendly climate, secure access to these platforms is straightforward, with no need for tools like VPNs.
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. The Riksbank has stated that the eKrona would not be a cryptocurrency, as it would be issued and controlled by the central bank.
In conclusion, investing in cryptocurrencies in Sweden is accessible and simple thanks to the numerous reliable platforms available. These platforms, including Binance, Uphold, Bybit, Safello, and Kraken, offer diverse services, security, and compliance with the regulations set by the Swedish Financial Supervisory Authority.
Whether you're a seasoned investor or a beginner in the crypto world, these platforms provide an easy entry point. Keep in mind that while cryptocurrencies are legal in Sweden, investors should remain informed about potential risks and adhere to sound investment principles.