Can I buy Cryptocurrency with Nordnet?
The Nordnet trading platform currently offers 5 cryptocurrency ETPs (exchange-traded products), which are contracts that track the price of the underlying coin. The 5 crypto ETPs that Nordnet has available are Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Polkadot (DOT).
Outside of these contracts, Nordnet does not offer direct digital asset trading. This means that you cannot buy coins on their platform and have real ownership over them by withdrawing them to a personal wallet.
Nordnet Crypto Trading Fees
The fees to trade crypto on Nordnet through their ETP products is 0.25% per trade and then another 1% that is fixed into the price spread. This means that each trade on Nordnet can cost up to 1.25% - making them one of the most expensive methods to invest in digital assets.
How to buy Crypto or Bitcoin with a Nordnet Alternative
The best Nordnet alternative in Europe to buy Crypto, Stocks, ETFs, Commodities, Currencies, and more in one platform is eToro. They are a regulated multi-asset broker with over 13 million users in 140 countries. On eToro you can trade over 70 real cryptocurrencies with leverage (up to 2x) and buy them outright to withdraw to your wallet.
You can get started with this simple guide:
- Create an account: Sign up to the eToro platform and verify your identity (personal or company).
- Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit EUR via Bank Transfer, Debit Card or Credit Card.
- Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the EUR amount you want to buy and execute your trade.
Nordnet is a Swedish online bank and broker that was founded in 1996. They offer banking, savings, and investing products to European customers in Norway, Sweden, Denmark, and Finland. In 2018, Nordnet acquired the Finnish online broker eQ for €140 million.
Their platform has over 700,000 clients and offers a variety of investment products including stocks, ETFs, mutual funds, and bonds. They also offer fractional share investing which allows investors to buy pieces of expensive stocks like Amazon and Tesla for as little as €1. Nordnet does not charge any monthly or annual account fees. However, they do have high trading fees that start at 0.25% per trade. The app is available in English, Swedish, Norwegian, Danish, and Finnish.
Nordnet is headquartered in Stockholm, Sweden and has branches in Norway, Denmark, Finland, and Germany. Nordnet AB (STO: SAVE) is listed on the Nasdaq Stockholm stock exchange.