Summary: The Swish mobile banking app does not directly support cryptocurrency investing and trading. However, Swish users can send Swedish Krona (SEK) from their bank accounts to a cryptocurrency exchange that supports Swish and Mobile BankID Deposits.
Our top pick for Swedish investors is Bybit, because they offer fast Swish deposits and low fees (0.1%) to trade over 400 cryptocurrencies. They are significantly cheaper than local alternatives like Safello who charge up to 5% per trade on their platform.
Best Exchange for Swish SEK Deposits
- Fast and cheap SEK Deposits via Swish & Mobile BankID in Sweden.
- Trade 400+ crypto assets with low fees via Spot Trading, Futures Trading or Crypto Options.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can You Buy Crypto with Swish?
Yes, you can buy crypto with Swish in Sweden. Swish is a popular mobile payment system widely used across the country, and several Swedish cryptocurrency exchanges accept Swish as a payment method for buying digital currencies.
How to Buy Bitcoin and Crypto with Swish
The safest and easiest way to buy cryptocurrencies with Swish is through a licensed crypto exchange that supports Mobile BankID deposits. With this method, investors can connect their bank accounts to an exchange to deposit Swedish Krona (SEK), Euros (EUR) and other currencies to buy and sell digital assets.
You can get started in minutes with our simple guide below:
- Sign Up: Open a free account on Bybit and complete the verification process.
- Deposit Funds: Click 'Buy Crypto', then 'One-Click Buy' and select 'SEK' as your currency. You can then select 'Swish' as your payment method to deposit fiat.
- Find Token: Once your funds arrive on the platform, you can find the crypto you want to buy on Bybit from their list of 400+ assets.
- Buy Crypto: Finally, input the amount you want to buy and execute your trade.
What are the fees to deposit with Swish?
The fees and commissions to buy cryptocurrencies with Swish depend on the crypto exchange you choose. Bybit charges 0.1% trading fees and 0 deposit fees, while some local exchanges may charge up to 5% per trade and 1% for SEK deposits. Make sure to always check the fees and charges before depositing funds into your account.
What is Swish and Mobile BankID?
Swish is a mobile payment system in Sweden that allows individuals to make real-time person-to-person (P2P) payments using their smartphones. Swish is a collaboration between six major banks in Sweden, and is widely used in the country for making payments to merchants as well as sending money to other individuals.
Mobile BankID is a form of electronic identification (eID) that is used in Sweden for secure identification and signing of documents online. It can be used to access various online services, such as online banking, government services, and other secure websites. Mobile BankID is issued by the banks and can be used with a smartphone or tablet.
While the Swish mobile banking app does not directly support crypto investments and trading, it allows users to send Swedish Krona (SEK) to cryptocurrency exchanges that accept Swish and Mobile BankID deposits. Bybit is an excellent choice for Swedish investors due to its fast Swish deposits, low trading fees, and extensive selection of over 400 cryptocurrencies. To buy crypto with Swish, users can sign up on Bybit, deposit funds, and execute trades with ease, while keeping fees in mind.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.