Summary: Handelsbanken addresses the growing demands in the digital asset sector by facilitating protected transactions to exchanges in accordance with Swedish financial laws. Although Handelsbanken doesn't offer direct crypto trading services, it does enable the secure transfer of funds to platforms regulated by the Swedish Financial Supervisory Authority (SFSA).
Following an extensive review of the leading exchanges, we find that eToro is the top choice for Handelsbanken clients. eToro grants access to an extensive portfolio of more than 3,000 digital currencies, commodities, ETFs, indices, and equities, all while maintaining a low fee schedule. The platform is under the jurisdiction of the SFSA and CySEC, providing a safe and reliable trading environment.
- Cyprus Securities and Exchange Commission (CySEC) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Stocks, ETFs and more.
- Instant SEK deposits from Handelsbanken Bank via SEPA transfer and credit card.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Buy Bitcoin with Handelsbanken?
Absolutely, Handelsbanken customers can buy and trade digital assets like Bitcoin and Polygon through cryptocurrency exchanges in Sweden. It's vital to choose a platform overseen by the Swedish Financial Supervisory Authority (SFSA) or relevant European regulators to guarantee compliance with the country’s regulations and the safety of your investments. Once you've transferred SEK to an exchange, you can buy digital currencies using your deposited funds.
How to Buy Crypto with Handelsbanken
If you're a Handelsbanken customer keen on exploring the digital asset landscape, you can safely buy and trade cryptocurrencies on investment platforms. After thorough analysis, we suggest eToro for its compliance with SFSA regulations and its wide range of investment options. The platform allows for easy SEK deposits through various methods, including credit cards, SEPA, PayPal, and BankID.
To begin your journey into cryptocurrency investment, follow these straightforward steps:
- Create Account: Sign up for an eToro account and complete the necessary identity verification steps.
- Choose Currency: After clicking on "Deposit Funds," select "SEK" as your currency of choice.
- Initiate Transfer: Choose a suitable payment method and start a transfer from your Handelsbanken account.
- Finalize Purchase: Utilize the search function to find the digital asset you're interested in and complete your purchase.
.webp)
Handelsbanken Cryptocurrency Policy
Handelsbanken remains dedicated to financial innovation, all the while rigorously following Swedish legal guidelines. We invite our customers to delve into the world of digital currencies by choosing platforms that are sanctioned by the Swedish Financial Supervisory Authority (SFSA). We endorse eToro for its adherence to multiple regulatory frameworks, including the the CySEC in Europe. The exchange's headquarters are at Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
Digital Asset Investing Fees
It's essential to understand the various costs associated with investing in digital currencies. Here's a breakdown of the most common fees you'll encounter on trading platforms:
- Transaction Fees: When you buy or sell a digital currency, the exchange usually imposes a fee. For example, eToro charges 1% of the total transaction amount.
- Funding Fees: The cost of depositing money into your account can differ depending on your selected payment method. Credit or debit cards typically carry fees around 1.9%, while bank and SEPA transfers are often free of charge.
- Withdrawal Costs: The fee for withdrawing your assets is contingent on the specific digital currency. A common fee on several platforms is 0.0006 BTC for Bitcoin withdrawals.
Handelsbanken customers benefit from a wide selection of digital currencies available through eToro. We recommend this platform for its reasonable investment costs and diverse cryptocurrency options.
What is Handelsbanken?
Handelsbanken is a Swedish multinational banking institution founded in 1871, renowned for its decentralized model that prioritizes local decision-making. With a strong presence in over 20 countries, the bank offers a comprehensive suite of financial services, ranging from personal banking and mortgages to corporate finance and investment solutions.
The bank places a strong emphasis on long-term customer relationships and sustainable practices, which is reflected in its consistently high customer satisfaction ratings. Its commitment to innovation is evident in its adoption of digital banking solutions, although it maintains a robust network of branches for customers who prefer traditional banking interactions.
%20(1).webp)
Final Thoughts
To conclude, Handelsbanken supports customers interested in crypto by allowing transfers to platforms regulated by the Swedish Financial Supervisory Authority (SFSA) or CySEC. After comparing the top options, we found that eToro is the best option as it complies with stringent regulations and offers a diverse range of investment opportunities at competitive fees.
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.
%20(1).webp)
