Top Crypto Trading Platforms Denmark
To determine the top crypto exchanges in Denmark, we evaluated over 20 platforms using a comprehensive approach. Our assessment took into account important factors like compliance with Danish regulations, variety of assets available, user-friendliness, deposit options in DKK, fees, and other crucial aspects. Based on this analysis, we have compiled a list of the top five exchanges for investors in Denmark.
eToro ranks as the best crypto investment platform in Denmark, offering an extensive range of assets, including over 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Its distinctive social trading features, such as Copy Trading and a Virtual Account for practice, differentiate it from other platforms. eToro also provides competitive fees, with no initial commissions and tight spreads on assets.
Regulated by the European Securities and Markets Authority (ESMA), eToro is the most trusted investment platform in Denmark and Europe with over 30 million users across the continent. Danish investors consider eToro the best overall platform due to its intuitive interface and cost-efficient DKK deposit options via SEPA transfers, online banking, and debit cards.
- Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.
- Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
- Regulation & Licensing: Regulated & Licensed by the European Securities & Markets Authority (ESMA), CySEC, the FCA and other key regulators.
- Customer Support Options: 24/7 support via live chat, Danish language support, email & online ticketing system.
- EUR & DKK Deposit Methods: Bank Transfer, Credit/Debit Card, Klarna, SOFORT, Skrill, Neteller, and PayPal.
Uphold is a leading cryptocurrency exchange that was founded in 2014 by entrepreneur Halsey Minor. Offering multi-asset trading, crypto staking, and a crypto card, Uphold is one of the most versatile and user-friendly digital-asset platforms available today. It is a trusted and secure exchange that prioritises the safety and security of its users' funds, and provides audited 1:1 proof-of-reserves.
- Fees: Free Danish Krone Deposits via Bank Transfer and SEPA, 2.49% for Debit/Credit Cards. Trading fees vary between 0.8% - 1.2% depending on the asset.
- Supported Assets: 250 cryptocurrencies, 4 precious metals and 27 fiat currencies.
- Regulation & Licensing: Regulated and Licensed in Denmark.
- Customer Support Options: 24/7 support via live chat and email.
- DKK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Bybit is a cryptocurrency exchange founded in 2018 by Ben Zhou, the platform is known for its derivatives trading platform that offers up to 100x leverage. Additionally, it is a non-KYC platform, which means you do not need to verify your identity in order to deposit, trade or withdraw funds. It also allows users to trade, stake, earn, lend and borrow over 400 cryptocurrencies.
- Fees: Deposits and withdrawals are free and there are 0.1% fees on spot markets and the maker/taker rebate is 0.01%/0.06%.
- Supported Assets: 400+ cryptocurrencies.
- Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
- Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
- DKK Deposit Methods: Credit Card, Debit Card, Maestro & Google Pay.
Binance is one of the leading cryptocurrency exchanges in the world, offering a wide range of trading services and features including multiple trading types, crypto staking, an NFT marketplace, and a crypto card. Founded in 2017 by Changpeng Zhao, Binance has quickly become one of the most trusted and well-respected exchanges in the cryptocurrency space, with over 120 million users worldwide.
- Fees: Variable deposit fees (based on method) and withdrawals are free. 0.1% flat trading fees for spot and 0.02%/0.07% maker/taker rebate.
- Supported Assets: 350+ cryptocurrencies.
- Regulation & Licensing: Unregulated in Denmark.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- DKK Deposit Methods: Credit/Debit Card.
Bitpanda is a popular cryptocurrency exchange that was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer. It is one of the largest European crypto trading platforms and offers services to all European countries including Denmark. Additionally, the Bitpanda platform can be used in Danish and it provides customer support in Danish.
- Fees: Deposits and withdrawals are free on Bitpanda and trading fees are 0.2% - 1%.
- Supported Assets: 200+ cryptos including Bitcoin, Ethereum and Cardano.
- Regulation & Licensing: Regulated by the Financial Market Authority (FMA) of Austria.
- Customer Support Options: 24/7 customer support via live chat, email and social media.
- DKK Deposit Methods: Bank transfer, Debit/Credit Card, NETELLER, Bank Wire and PayPal.
Is Cryptocurrency Legal in Denmark?
Yes, cryptocurrency is legal in Denmark. The Danish Central Bank and the Danish Financial Supervisory Authority (DFSA) monitor and regulate the use of cryptocurrencies in the country. However, cryptocurrency is not considered a currency or a financial instrument by the Danish government, and it is subject to taxation as a property.
How is Crypto Taxed in Denmark?
In Denmark, cryptocurrency is taxed as a property. This means that gains from selling or exchanging cryptocurrencies are subject to capital gains tax. If the cryptocurrency is held for less than a year, the gains are taxed as ordinary income, and if it's held for more than a year, the gains are taxed at a lower rate of capital gains tax. Danish residents are also required to pay tax on cryptocurrency mining and staking rewards. It's important to note that the tax rules for cryptocurrencies in Denmark may change, so it's always a good idea to stay updated on the latest developments.
How to Buy Bitcoin and Crypto in Denmark
Denmark's progressive approach to cryptocurrencies simplifies the process of acquiring digital assets. Here's a brief guide for purchasing crypto in Denmark:
- Exchange Selection: Select a DFSA-regulated platform such as eToro, Uphold or BitPanda, considering features, supported assets, and fees.
- Account Creation: Sign up on the chosen platform, submit personal or company information, and complete KYC and AML verification.
- DKK Deposit: Deposit DKK through bank transfer, online banking, or debit card and credit card.
- Crypto Investment: Navigate to trading, pick your crypto, and place an order.
- Coin Custody: Transfer the purchased assets to a private wallet for enhanced safety.
Denmark's regulatory framework offers a secure crypto trading environment for both newcomers and experienced investors.
In conclusion, the top five crypto exchanges in Denmark, as determined by our comprehensive analysis, are eToro, Uphold, Bybit, Binance, and Bitpanda. These platforms offer a variety of features, such as user-friendliness, compliance with regulations, and support for Danish Krone deposits. Cryptocurrency is legal in Denmark and is subject to taxation as a property.
For a secure and reliable crypto trading experience, Danish investors should make sure they are using exchanges authorized by the Danish Financial Supervisory Authority or the European Securities and Markets Authority.