Summary: The easiest way to invest in Cryptocurrencies like Bitcoin or Ethereum in Denmark is through a regulated European digital currency broker. We recommend eToro EU as the largest and most trusted exchange to buy over 60 cryptocurrencies, and thousands of Stocks, ETFs, Commodities, and more.
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Is buying Crypto legal in Denmark?
Yes, it is legal to buy cryptocurrencies in Denmark. There are no specific regulations regarding the purchase or sale of cryptocurrencies. However, Crypto is subject to Danish tax law. Crypto is considered an asset and is subject to capital gains tax. For more information, please consult a professional tax advisor that specializes in digital assets in Denmark.
How to buy Crypto in Denmark
The best way to buy crypto in Denmark is with a licensed cryptocurrency broker in the EU. With this method, you will be able to deposit EUR from a bank account, debit card, or credit card to trade and custody digital assets. We recommend eToro because they offer the fastest and cheapest EUR deposits for Europeans to trade thousands of different assets.
You can get started buying Crypto or Bitcoin with this simple guide:
- Step 1: Sign up to the eToro EU trading platform and verify your identity as an Danish citizen.
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Step 3: Select the fiat currency (EUR, GBP, USD or AUD) and preferred deposit method to start buying Crypto.
- Step 4: Once the fiat has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
Fees to buy Digital Assets in Denmark
If you are interested in buying Cryptocurrencies in Denmark, you may want to know the fees and costs involved. Fortunately, when using a platform like eToro you pay very few fees throughout your onboarding journey. For example, there are no trading fees on the platform thanks to their zero commissions on all assets.
The only fee users will need to consider is the EUR deposit fee, which is a flat rate of 50bps or 0.5% in total. This is low compared to industry competitors like Coinbase which charge a flat rate of 1.99% for USD deposits, and 2.99% for EUR deposits due to the conversion fees required to swap to USD on the platform.
Is Crypto popular in Denmark?
Yes, cryptocurrency is gaining popularity in Denmark. Cryptocurrency trading volume in Denmark has tripled since early 2017, according to data from Bitcoinity.org. The Danish Central Bank released a report in August 2017 that concluded that "it is not currently possible to accurately assess the size and development of the use of virtual currencies in Denmark." However, the report noted that "a large part" of the trading volume of virtual currencies in Denmark is likely due to speculative investments.