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Buy Bitcoin and Crypto with Nykredit

Buy Bitcoin and Crypto with Nykredit

Adrian Graham
Fact Checked
Nov 28, 2022

Summary: Nykredit Bank does not directly offer any products or services for customers in Norway to buy Bitcoin and cryptocurrencies through its online netbank platform. That said, they do allow customers to transfer Norwegian Krone from their Nykredit account to regulated crypto exchanges to invest in the asset class.

If you are looking to get started quickly, we recommend the eToro exchange which is the largest licensed and regulated broker in Europe. They offer fast and cheap Norwegian Krone deposits from Nykredit to trade thousands of different cryptos, stocks, ETFs and other assets.

Table of Contents

Best Crypto Exchange for Nykredit

Platform Highlights

  • Fast and cheap Norwegian Krone and Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.
Nykredit - eToro
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78% of retail CFD accounts lose money.

How to Buy Crypto with Nykredit

As mentioned above, the best way to buy Cryptocurrencies with a Nykredit netbank account is through a crypto exchange that is regulated by the European Securities and Markets Authority (ESMA). With this method, investors can deposit funds via bank transfer, debit card or credit card to securely invest in a wide variety of crypto assets and crypto stocks like Coinbase or Grayscale Bitcoin Trust (GBTC).

You can get started in 4 simple steps with this guide:

  1. Create an account: Sign up to the eToro trading platform.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit Norwegian Krone or Euros (EUR) with Nykredit.
  3. Find your Crypto: Once the fiat hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the fiat amount you want to invest and execute your trade.
Deposit Norwegian Krone with eToro to buy Crypto.

What are the Fees to Invest in Crypto?

The fees to buy crypto with Nykredit will depend on the exchange you choose. Generally, most exchanges do not charge any deposit fees when funding your account with Norwegian Krone but they may require a minimum deposit amount.

When it comes to trading fees, eToro offers some of the lowest and most competitive in the industry. They charge a fixed fee of 0.5% per trade and no withdrawal fees when you want to cash out your profits in Norwegian Krone.

Is Nykredit Crypto Friendly?

Nykredit is a crypto-friendly bank, which means it allows customers to transfer funds into regulated brokers in Europe. This makes it possible for Nykredit customers to purchase cryptocurrencies such as Bitcoin and Ethereum. While they do not yet offer a product to directly invest in the asset class, they have stated that they are actively exploring opportunities to provide services in the future.

About Nykredit

Nykredit is a Danish financial services group, offering the full range of banking, pension and mortgage products. Established in 1851, they are one of the oldest and most established banks in Denmark and have grown to become one of the largest providers of mortgages in the country.  The Nykredit Group also provides a range of proprietary and externally managed funds, investment services, asset management and insurance solutions.

Nykredit

Nykredit’s goal is to create sustainable value for their customers and the wider community by providing sound financial advice backed up with strong products. As a responsible corporate citizen, they strive to minimise the environmental impact of their operations and work to support the local communities in which they serve. Nykredit takes pride in promoting ethical business practices and values that seek to promote positive change for both individuals and society as a whole.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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