Crypto Banks
Buy Crypto and Bitcoin with Swish

Buy Crypto and Bitcoin with Swish

Adrian Graham
Fact Checked
Jan 6, 2023

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.

Table of Contents

Best Exchange for Swish SEK Deposits

Platform Highlights

  • 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.
Bybit - Swish
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy 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:

  1. Sign Up: Open a free account on Bybit and complete the verification process.
  2. 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.
  3. 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.
  4. Buy Crypto: Finally, input the amount you want to buy and execute your trade.
Deposit SEK with Swish via Bybit.
Deposit SEK with Swish via Bybit.

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.

Swish Banking
Swish Banking.

Final Thoughts

Swish is an excellent payment method for buying cryptocurrencies in Sweden. Its ease-of-use, fast transactions and low fees make it ideal for cryptocurrency investors who are looking to quickly purchase digital assets via their bank accounts. Investing in crypto with Swish requires a licensed exchange that supports Mobile BankID deposits, such as Bybit. Before investing, always make sure to double-check the fees and commissions charged by your chosen exchange.

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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