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Buy Crypto with SpareBank 1

Buy Crypto with SpareBank 1

Andrew Chen
Fact Checked
Nov 24, 2022

Summary: SpareBank 1 does not offer any products or services that allows customers to buy Bitcoin and Cryptocurrencies directly through its online banking platform. However, customers can transfer funds from their SpareBank 1 account to a regulated crypto exchange to invest in the asset class.

For investors in Norway, we recommend the eToro EU platform because they offer instant and cheap deposits from SpareBank 1. Their exchange is licensed throughout Europe to provide brokerage services for cryptocurrencies, stocks, ETFs, commodities and other assets.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

How to Buy Crypto with SpareBank 1

As mentioned above, the best exchange to buy cryptocurrencies in Norway with a SpareBank 1 account is eToro. Their platform is licensed and regulated by the European Securities and Markets Authority (ESMA), making them a safe venue to buy and sell digital assets. They also offer direct deposits from SpareBank 1 via bank transfer, debit card or credit card.

You can get started in 4 simple steps:

  1. Create an account: Sign up to the eToro platform.
  2. Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit funds from SpareBank 1.
  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 fiat amount you want to buy and execute your trade.
Sparebank 1 eToro
Deposit Funds with SpareBank 1.

What are the Fees to Buy Crypto?

The fees associated with buying cryptocurrencies with SpareBank 1 will vary depending on which platform you use. eToro generally has very low trading fees, starting as low as 0.5% for market trades and no deposit charges. This is significantly cheaper than alternatives like Coinbase, who charge up to 2.49% per trade, on top of a large deposit fee.

SpareBank 1 Crypto Policy

SpareBank 1 is a crypto-friendly bank that allows its customers to transfer funds into regulated digital asset exchanges.  They recognize that the cryptocurrency markets are rapidly evolving, and aim to provide their customers with a safe and secure environment in which to make their transactions.

The bank has established a set of rules regarding the use of cryptocurrencies and digital financial instruments. The policies are designed to ensure that all transactions comply with applicable laws and regulations, as well as adhere to the bank’s risk management principles.

About SpareBank 1

SpareBank 1 is a Nordic financial services group with operations in Norway, Sweden and Denmark. It provides banking and other financial services to retail customers, businesses and institutional investors. The bank has a strong focus on digital solutions, sustainability and customer service.

SpareBank 1

SpareBank 1 offers savings products, loans, mortgages, insurance and investments as well as a range of other services. It has a well-developed digital platform and mobile app, which allow customers to access their accounts and manage their finances conveniently from anywhere at any time.

The bank also provides educational resources to help people make better financial decisions. As part of its commitment to sustainability, Sparebank 1 invests in renewable energy and supports social initiatives. It is a member of several sustainable development initiatives, such as the Global Compact and Principles for Responsible Banking. By providing innovative products, services and advice Sparebank 1 helps its customers succeed financially.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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