Best Crypto Exchanges in Sweden

Best Crypto Exchanges in Sweden

Fact Checked
February 21, 2023
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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 team has reviewed over 30 of the top crypto exchanges in Sweden to help you find the best place to get started. In our analysis, we considered key factors that include regulatory compliance in Sweden, SEK deposit methods, available assets, features and overall user experience. With that said, here are the 5 best digital asset trading platforms in Sweden based on our methodology:

  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
Table of Contents

Best Crypto Exchange in Sweden - Uphold

Platform Highlights

  • Buy & Sell 250+ Cryptocurrencies with zero fees and tight spreads.
  • Licensed and regulated in Sweden and Europe by the Financial Conduct Authority (FCA).
  • Trusted by over 10 million retail and institutional investors.
Best Crypto Exchange Sweden
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Audited Proof of Reserves
Audited Proof of Reserves

1. Uphold

Our top pick for buying crypto in Sweden is Uphold. Their platform offers fast & free SEK or EUR deposits to trade over 250 crypto assets with the lowest fees and tightest price spreads. The Uphold exchange is licensed & available in Sweden with over 10 million users across the country and throughout Europe.

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.

Uphold Platform.
Uphold Platform.

2. Bybit

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.

Bybit Trading Platform.
Bybit Trading Platform.

3. Binance

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 350 cryptos, an NFT Marketplace, derivatives contracts, options and more for low fees starting at 0.1%. Binance was also recently awarded their regulatory license by the Swedish Financiial Supervisory Authority, making them a secure option in the country.

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.


4. Safello

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.

Safello Sweden.
Safello Sweden.

5. Kraken

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.

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.

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.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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