How to Buy Crypto with Avanza Banking App

Can I Buy Cryptocurrencies with Avanza?

Avanza does not currently offer the ability to purchase cryptocurrencies directly through the platform. However, you can use Avanza to invest in a number of cryptocurrency-related products such as Exchange Traded Funds (ETFs) and certificates that are tied to the price of Bitcoin or Ethereum. These products allow you to gain exposure to cryptocurrencies without having to purchase them directly, giving you added flexibility and control over your investments.

However, we do not recommend buying Crypto ETFs because you cannot withdraw the assets to a personal wallet - which means you do not have real ownership.  Instead, we recommend buying cryptocurrencies directly from an exchange. This way you have full control over your funds and don’t need to rely on a third party for custody of your assets.

How to buy Crypto with an Avanza Alternative

The easiest way to buy Cryptocurrencies in Sweden is through a regulated multi-asset trading platform like Uphold EU. They offer fast and cheap EU deposits from any Swedish or European bank to trade over 200 cryptocurrencies and hundreds of stocks, ETFs, commodities and other assets.

You can get started on a trusted exchange with our simple guide:

1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
2. Connect Account: Select the currency you want deposit on the Uphold Platform (SEK, EUR + 30 more).
3. Deposit Funds: Connect your Swedish Bank account to quickly deposit your selected fiat currency.‍
4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.

About Avanza Bank

Avanza Bank is a Swedish direct bank and financial services provider founded in 1999. Avanza's main focus is on providing customers with low-cost investment products, such as mutual funds, ETFs, and stocks. In addition to these products, Avanza also offers saving accounts, mortgages, bank loans, insurance policies, and other banking services.

Avanza has become one of the most popular online banks in Sweden, with over 1.4 million customers and more than 300 billion SEK in assets under management. The company is known for its low fees and transparent pricing structure, as well as its comprehensive customer service. Avanza's goal is to provide individuals with a simple and cost-effective way to make their money work for them.

The companies commitment to innovation has enabled it to become one of the leading online banks in Europe, with a presence in Sweden, Denmark, Norway and Finland. Avanza's mission is to provide people with a better way of managing their finances and empowering them to take control of their financial future. Avanza is a member of the Financial Supervisory Authority of Sweden and is one of the oldest and most respected banks in Europe. The company is also listed on the Stockholm Stock Exchange as well as Nasdaq Nordic (AVAN).

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Final Thoughts

Avanza is a great option for those looking to invest in traditional financial products such as stocks, ETFs and mutual funds. However, if you’re looking to buy cryptocurrencies directly, Avanza isn’t the right platform for you. Luckily, there are still plenty of other options available - like Uphold EU - that can help you get started with buying and trading cryptocurrency.

With the right platform, you can quickly and easily buy cryptocurrencies in Sweden with SEK or EUR, giving you the freedom to invest in a range of digital assets.