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 with a Nordnet Alternative
The best Nordnet alternative in Europe to buy Crypto, Stocks, ETFs, Commodities, Currencies, and more in one platform is Uphold. They are a regulated multi-asset broker with over 10 million users in 150 countries. On Uphold you can trade over 250 real cryptocurrencies with significantly lower fees than Nordnet.
You can get started with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect any European Bank account to Uphold to deposit Euros (EUR).
- Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
- Buy Cryptocurrency: The final step is to find the cryptocurrency 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.
In conclusion, if you are looking to buy cryptocurrencies on Nordnet, it is important to know that the platform currently offers only 5 crypto ETPs that track the price of underlying coins. These contracts are expensive, with fees up to 1.25% per trade, and you do not have real ownership over the coins as you cannot withdraw them to a personal wallet.
For a better alternative, we recommend Uphold, a regulated multi-asset broker that offers over 250 cryptocurrencies to trade with lower fees and is trusted by over 10 million users in 150 countries. With Uphold, you can trade real cryptocurrencies, connect your European bank account to deposit funds, and execute trades with ease.