Crypto Banks
How to buy Crypto with Nordnet

How to buy Crypto with Nordnet

Dylan Matthews
Fact Checked
Oct 17, 2022

Summary: Nordnet does not offer real cryptocurrency trading on its platform. Investors can only buy or sell crypto ETPs which are contracts that track the price of coins. Buying these contracts is expensive and means you cannot withdraw them onto a personal wallet.

We recommend an alternative multi-asset broker like eToro that offers over 70 real cryptocurrencies and 6,000 Stocks, ETFs, and more for European investors.

Table of Contents

Best Nordnet Crypto Alternative - eToro

Platform Highlights

  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities with Euros (EUR).
  • Licensed and regulated by the Financial Conduct Authority (FCA) and ESMA.
  • Stake cryptocurrencies to earn up to 10% APY on your deposits (BTC, ETH, ADA & Stablecoins).
Trade €100 and get €10 FREE in Bitcoin on eToro.

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 ETPs
Buy and sell Exchange Traded Products with Nordnet Crypto.

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:

  1. Create an account: Sign up to the eToro platform and verify your identity (personal or company).
  2. 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.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the EUR amount you want to buy and execute your trade.
Invest in multiple asset classes with eToro in Europe.

About Nordnet

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.

Nordnet Crypto

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.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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