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Buy Crypto with Handelsbanken

Buy Crypto with Handelsbanken

Fact Checked
March 23, 2023
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Summary: Handelsbanken does not directly offer cryptocurrency investing through their online banking platform for Swedish and European investors. The only available method to buy crypto via Handelsbanken is through a licensed and regulated digital asset exchange.

We recommend a platform like Uphold because they offer fast and cheap Swedish Krona (SEK) and Euro (EUR) deposits via bank transfer from Handelsbanken to trade over 250 crypto assets with zero fees. They are also one of the few exchanges with 1:1 audited proof-of-reserves.

Table of Contents

Best Crypto Exchange for Handelsbanken

Platform Highlights

  • Trade over 220 Crypto Assets with fast and cheap Swedish Krona (SEK), Euros (EUR) and other fiat deposits from Handelsbanken.
  • Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto, Stocks, ETFs, Metals and more.
Uphold - Handelsbanken
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with Handelsbanken?

The easiest way to invest in Crypto in Sweden with a Handelsbanken account is through a trusted exchange like Uphold. They offer fast and cheap Euro (EUR) deposits from Handelsbanken bank transfer, or Debit Card and Credit Card. You can trade over 250 cryptocurrencies and other assets for zero trading commissions. They are one of the only exchanges in Europe to have a transparency report outlining their audited proof-of-reserves.

You can get started with their platform in 4 simple steps:

  1. Sign up to the Uphold exchange with your email and complete the verification process.
  2. Connect your Handelsbanken account or debit/credit card to Uphold by selecting the fiat currency you want to deposit on your dashboard.
  3. You can then select the 'connect bank' button to link your Handelsbanken account to the platform and deposit Swedish Krona (SEK), Euros (EUR) and other currencies.
  4. Once the funds arrive, find the cryptocurrency you want to purchase and execute your trade.
Deposit Funds with Handelsbanken.

Handelsbanken Crypto Policy

Although there is no direct way to buy cryptocurrencies with Handelsbanken, the bank has stated that they "do not prohibit" their customers from buying digital assets on licensed exchanges. In other words, as long as you're using a  European Securities and Markets Authority regulated platform to buy crypto, you shouldn't have any problems withdrawing or depositing EUR from Handelsbanken to the exchange.

About Handelsbanken

Handelsbanken is a Swedish bank that was founded in 1871. The bank has over 700 branches in Sweden and Finland, and also has operations in Denmark, Norway, the United Kingdom, the Netherlands, Luxembourg, Gibraltar, the Caribbean and USA. Handelsbanken offers a wide range of financial services including savings accounts, loans, credit cards and investment products. The bank has a strong focus on customer service and offering a personal approach to banking.

Final Thoughts

In summary, Handelsbanken does not directly support cryptocurrency investments on their online banking platform. However, Swedish and European investors can still buy crypto using a licensed and regulated digital asset exchange like Uphold. Uphold offers fast, cheap deposits in Swedish Krona (SEK) and Euros (EUR) from Handelsbanken, allowing users to trade over 250 cryptocurrencies without any trading fees.

The platform is also distinguished by its audited proof-of-reserves. By using a regulated exchange, Handelsbanken customers can invest in digital assets while remaining compliant with the bank's crypto policy.

Adrian Graham

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.

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